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Our customised financial solutions are designed specifically for farmers, addressing their individual challenges and supporting their long-term success in agriculture.
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What is Agricultural Equipment Hire Purchase and How Rural Asset Finance Can Help You.
Agricultural equipment hire purchase is a financial arrangement that allows farmers and agricultural businesses to acquire essential machinery and equipment without needing to pay the full amount upfront. Instead, the cost is spread over a set period, making it easier to manage cash flow and budget for other critical expenses.
At Rural Asset Finance, we specialise in providing tailored hire purchase solutions that enable you to obtain the necessary equipment to grow your agricultural business. Our expert team will guide you through the process, ensuring you get the best terms and the right equipment to meet your specific needs. Get in touch with us today to find out how we can help you with hire our equipment hire purchase solutions.
Key Benefits of Equipment Hire Purchase
When it comes to financing agricultural equipment, hire purchase offers several distinct advantages that make it an attractive option for farmers and agricultural businesses. Here are the key benefits that make hire purchase a smart choice for acquiring essential machinery:
- Straightforward: Hire purchase agreements are simple and easy to understand. You know exactly what you’re paying each month, and there are no hidden fees or surprises.
- Flexible: We offer flexible terms to suit your budget and operational needs. Whether you need short-term or long-term financing, we can customise a plan that works for you.
- Ownership Benefits: With a hire purchase agreement, you have the option to own the equipment at the end of the term. This means you can invest in the future of your farm and build equity in your equipment.
- Freedom: Hire purchase provides the freedom to choose the latest and most efficient equipment without the burden of a large initial outlay. This enables you to stay competitive and productive with up-to-date machinery.
FAQs About Agricultural Equipment Hire Purchase
How does agricultural equipment hire purchase work?
Agricultural equipment hire purchase allows you to spread the cost of the equipment over a set period. You make regular payments, and once all payments are completed, you own the equipment. This arrangement helps manage cash flow and ensures you can use the equipment immediately without a significant upfront expense.
How can I calculate the cost of agricultural equipment hire purchase for my farm?
You can use our finance calculator to estimate the cost of hire purchase. By inputting the equipment price, desired term length, and interest rate, you can get a clear picture of your monthly payments and the total cost over the hire purchase period. Our team can also provide a detailed quote based on your specific requirements.
Does asset finance only apply to new equipment?
No, asset finance can be used for both new and used equipment. Whether you’re looking to purchase the latest technology or a reliable second-hand machine, we can tailor a hire purchase agreement to suit your needs. Get in contact with us today to discuss more about your equipment hire plan.
What assets can you finance?
Through our hire purchase agreements, you can finance a wide range of agricultural and related assets, including:
- Tractors
- Combines
- Trailers
- Milking parlours
- Biomass boilers
- Sprayers
- Wind turbines
Our flexible financing options ensure that you can obtain the equipment and technology necessary to enhance your farm’s productivity and sustainability. If you do not see the type of asset that you wish to finance please do get in touch with us to see if this may be something we can accommodate for you.
Do you provide leasing options for agricultural equipment?
Absolutely, we provide comprehensive leasing solutions that enable you to access the latest equipment without the burden of ownership. Discover the benefits of our Agricultural Equipment Leasing services.
Enquire about our Equipment Hire Purchase Services Today
At Rural Asset Finance, we are committed to helping you acquire the agricultural equipment you need through our flexible and straightforward hire purchase solutions. Our team of experts is here to provide advice and support, ensuring you make the best financial decision for your farm. To get started, use our finance calculator to estimate your costs and contact us today for personalised assistance. Let us help you secure the equipment that will drive your agricultural success.
For expert advice and help on your equipment hire purchase, contact us today or use our finance calculator to work out how much you are spending/purchasing and take the next step towards owning your essential farm equipment.
Phone:
0345 0303 475
