Specialist

Tractor & Agricultural Equipment Finance

For buying and refinancing tractor and agricultural equipment

Speak to us today...

Plant Machinery Finance

Clifton private finance

We specialise in sourcing finance for tractors and agricultural equipment in the UK

We provide high quality tractor and agricultural equipment finance solutions for UK clients.
  • Finance from £50,000
  • Repayment periods geared to economic life of asset
  • Finance available on new, used and auction bought items
  • No asset age limit
  • Great way to fund large machine or asset purchases
  • Refinance existing assets to free up your company's liquid capital
  • Cashflow matched repayments
  • Finance for general assets; Agricultural & Grounds equipment; Hospitality & Leisure equipment; Logistics & haulage; Technology & security equipment; Plant equipment; Machinery equipment
  • Government backed CBILS facilities available
Through our market knowledge we can deliver enhanced, bespoke or exclusive terms.  
Call us on 0203 900 4322 to discuss your requirements.
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Tractor & Agricultural Equipment Financing Service

If you are looking to purchase new agricultural equipment or machinery paying up front in cash may not be an option your cash flow situation can afford.

Alternatively you may already own business assets which can be used to release cash to improve working capital. 

Asset financing can provide a solution 

Equipment leasing:

Purchasing new agricultural equipment using company cash can put a huge strain on cash flow.

Tractors, tillers, ploughs, harrowers, cultivation machinery and harvesting machinery don’t exactly come cheap – and paying for these upfront will come with a hefty price tag.

Leasing can therefore be more effective. This is effectively a rental agreement where a lessee can use and operate equipment or machinery under a lease agreement from the owner (lessor) in return for regular payments. Depending on the type of lease agreement at the end of the term, the lessee can continue making payments to carry on using the equipment, get an equipment upgrade to benefit from improved technologies or return the equipment back to the owner (lessor).

There are 2 types of equipment lease:

  • Operating leases -  Usually taken our for a short or medium term period. Allows the use of an asset but does not convey ownership rights and as such the lessor is not responsible for maintenance. The asset will also not appear on the lessee balance sheet where rental payments can be offset against profits.
  • Finance leases - Often referred to a "Capital Leases" where the lease is taken out typically for the lifetime of the asset by the lessee. The lessee will make rental repayments over the rental period equivalent to the asset value plus interest. At the end of the term the lessee can continue using the asset usually for a lower rental repayment, sell the asset and get a percentage of the sales proceeds, return the asset to the owner. With a finance lease VAT can be spread over the repayment term.

Hire Purchase:

With hire purchase you can spread the cost of the asset you are buying over time. You own the asset at the term end and you are responsible for maintenance and insurance. Typically a hire purchase agreement will require an initial down payment followed by a set number of repayments of capital plus interest over a fixed term. Typically the type of assets purchased under a hire purchase agreement include business vehicles such as vans and lorries.

Asset Refinancing

If your business own assets, then it may be possible to unlock value to release cash. Typically there are two ways to raise finance in this way. One way is to use the asset as a security for a loan. The second way often referred to as asset based lending is where you can sell an asset to a specialist lender for an agreed amount. Your business can then lease the asset back from the lender based on an agreed capital plus interest repayment schedule.

Pros & Cons of Asset Financing

Pros:

  • Great way of reducing upfront cost of purchasing high ticket value items
  • With fixed repayments you can budget effectively
  • With this type of finance the asset you are buying acts as the security
  • Maintenance and insurance costs are normally covered by the provider 
  • Can be more cost effective than bank loans or an overdraft facility

Cons:

  • As with most debt there are implications if you dont make repayments on time. The asset could be reclaimed which could have a serious impact on your business.
  • Certain types of damage to the asset may not be covered by insurance and will need to be covered by you (your business).

Call us today to discuss your requirements on 0203 900 4322


Call us today to discuss your requirements on 0203 900 4322
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