Specialist

Harvest Machinery Finance and Leasing

For buying and refinancing

Harvest Machinery

 

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Harvest Machinery Finance & Leasing

Clifton private finance

We specialise in sourcing harvest machinery finance and leasing options in the UK

 
 
We provide high-quality Harvest Machinery Finance and Leasing for UK clients.
We can deliver enhanced, bespoke or exclusive terms through our market knowledge.  
Call us on 0203 900 4322 to discuss your requirements.
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Harvest Machinery Finance and Leasing - How It Works

What is Harvest Machinery Finance and Leasing?

Harvest Machinery Finance and Leasing is a type of asset finance that allows farmers and agriculture businesses to acquire the equipment and machinery they need for their operations without paying the full cost upfront. Harvest machinery refers to any equipment that is used for harvesting crops, such as combine harvesters, balers, forage harvesters, mowers, etc. These machines are essential for efficient and profitable farming, but they can also be very expensive and require regular maintenance and repairs.

By using this type of agricultural finance, farmers and agriculture businesses can spread the cost of their equipment over a period of time, while enjoying the benefits of using it.

What Types of Finance are available for Harvest Machinery Finance and Leasing?

There are two main types of finance that can be used for Harvest Machinery Finance and Leasing: hire purchase and finance lease.

  • Hire purchase is a type of finance where the borrower pays a deposit and then makes fixed monthly payments over an agreed term. At the end of the term, the borrower has the option to pay a final balloon payment and own the equipment outright, or return it to the lender. Hire purchase is suitable for farmers and agriculture businesses who want to eventually own the equipment and benefit from its residual value.
  • Finance lease is a type of finance where the borrower pays fixed monthly payments over an agreed term, but does not own the equipment. Instead, the lender retains ownership and leases the equipment to the borrower. At the end of the term, the borrower can either return the equipment to the lender, extend the lease, or sell the equipment to a third party and keep a percentage of the proceeds. Finance lease is suitable for farmers and agriculture businesses who want to use the equipment without worrying about its depreciation or maintenance costs.

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How Does it Work?

The process of applying for Harvest Machinery Finance and Leasing is simple and straightforward. Here are the steps involved:

  • Step 1: Contact Clifton Private Finance, a specialist broker that can source lenders and organise types of finance for Harvest Machinery Finance and Leasing. We will discuss your requirements, budget, and preferences, and help you decide which type of finance is best for you.
  • Step 2: We will search our network of lenders and find the best deal for you. We will compare rates, terms, and conditions, and negotiate on your behalf to secure the most favourable offer.
  • Step 3: We will guide you through the application process and help you with the paperwork and documentation. We will also liaise with the lender, the equipment supplier, and any other parties involved to ensure a smooth and hassle-free transaction.
  • Step 4: Once your application is approved, you can take delivery of your equipment and start using it for your farming operations. You will then make regular payments to the lender according to your agreement, until the end of the term.

What are the Benefits of Harvest Machinery Finance and Leasing?

Harvest Machinery Finance and Leasing offers many benefits for farmers and agriculture businesses, such as:

  • Improved cash flow: By spreading the cost of your equipment over a period of time, you can preserve your working capital and use it for other purposes, such as paying wages, buying supplies, or investing in growth opportunities.
  • Access to the latest equipment: By using Harvest Machinery Finance and Leasing, you can access the latest and most advanced equipment and machinery for your farming operations, without having to pay the full price upfront. This can help you improve your productivity, efficiency, and profitability, as well as comply with environmental and safety regulations.
  • Tax benefits: Depending on the type of finance and leasing agreement, you may be able to claim tax deductions on your payments, interest, or depreciation. This can help you reduce your tax liability and increase your net income. However, you should always consult your accountant or tax adviser before making any decisions.
  • Flexibility and convenience: By using Harvest Machinery Finance and Leasing, you can choose the equipment, the lender, the term, and the payment schedule that suit your needs and preferences. You can also have the option to own, return, or upgrade your equipment at the end of the term, depending on your agreement.

Are There any Drawbacks?

Harvest Machinery Finance and Leasing also has some potential drawbacks that you should be aware of, such as:

  • Additional costs: By using Harvest Machinery Finance and Leasing, you may end up paying more than the original cost of the equipment, due to the interest and fees charged by the lender. You may also have to pay for the maintenance, insurance, and repairs of the equipment, depending on your agreement.
  • Risk of default: By using Harvest Machinery Finance and Leasing, you are entering into a legally binding contract with the lender, and you are obliged to make your payments on time and in full. If you fail to do so, you may face penalties, legal action, or repossession of the equipment. This can also damage your credit rating and affect your future borrowing ability.
  • Risk of obsolescence: By using Harvest Machinery Finance and Leasing, you may be stuck with equipment that becomes outdated, inefficient, or unsuitable for your farming operations, due to technological changes, market fluctuations, or regulatory changes. This can affect your competitive edge and profitability, as well as your ability to sell or return the equipment.

FAQs

Here are some of the most common questions we get about this type of finance - you here are some quickfire answers on Harvest Machinery Finance and Leasing:

What are the eligibility criteria for Harvest Machinery Finance and Leasing?

The eligibility criteria for Harvest Machinery Finance and Leasing may vary depending on the lender, the type of finance, and the equipment. However, some of the common factors that lenders may consider are: your credit history, your income and cash flow, your business plan and projections, your existing assets and liabilities, and the value and condition of the equipment.

How long does it take to get approved for Harvest Machinery Finance and Leasing?

The approval time for Harvest Machinery Finance and Leasing may vary depending on the lender, the type of finance, and the equipment. However, with the help of Clifton Private Finance, a specialist broker that can source lenders and organise types of finance for Harvest Machinery Finance and Leasing, you can expect to get approved within a few days or even hours, depending on your circumstances.

Can I use Harvest Machinery Finance and Leasing for new or used equipment?

Yes, you can use Harvest Machinery Finance and Leasing for both new and used equipment, as long as the equipment meets the lender’s requirements and standards. However, you may find that the terms and conditions for new and used equipment may differ, such as the interest rate, the deposit, the term, and the residual value.

How we can Help

In need of Harvest Machinery Finance and Leasing?

We can help you:

  • Decide if Harvest Machinery Finance and Leasing is right for you
  • Understand what type of loan best suits your situation
  • Feel comfortable with how the process works and what the costs will be

And when we’ve established the best type of finance for you, we will:

  • Compare rates from multiple lenders across our network
  • Negotiate the best deal for your circumstances
  • Guide you through the application process
  • Chase through your application until the asset is in your hands

Call our team on 0203 900 4322 to discuss your requirements or book an appointment.

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Call us today to discuss your requirements on 0203 900 4322
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