Over 100 Years of Combined Experience in Lending to Farmers
Benefit from our extensive expertise accumulated over a century, ensuring reliable and knowledgeable lending solutions tailored to farmers' unique needs.
Tailored Finance Solutions for Farmers Across the UK
Our customised finance solutions are designed specifically for farmers, addressing their individual challenges and supporting their long-term success in agriculture.
Customer-Focused Service Designed to Meet Farmers' Needs
Experience our dedicated customer focused service on understanding and fulfilling the distinct requirements of farmers, ensuring their satisfaction and growth.
What is Agricultural Machinery Finance and How It Can Enhance Your Business
Agricultural machinery finance is an ideal option for many farmers or businesses who are looking for a cost-effective solution that helps you acquire the necessary farming equipment without any large upfront payments. No matter if you are looking for ploughs or other crucial machinery, these financing options allow you to spread the costs over a time that suits you, so you can manage your cash flow while still improving your business’ efficiency and productivity.
How Agricultural Machinery Finance Can Help You.
To help you with your potential financing of new agricultural machinery here are a few key benefits that we at Rural Asset Finance provide to those looking for finance:
Preserve Your Cash Flow
- Through agricultural machinery finance you are able to avoid any significant upfront costs that could strain your business finances and instead spread the cost out over a period of time that fits you, keeping capital for other essential expenses.
Access to Modern Equipment
- You are able to improve the efficiency of your farm’s operations through the purchase of state-of-the-art machinery that you may have been able to afford previously and that could take your farm to the next level.
Flexible Repayment Options
- Our payment options can be tailored and altered to work for you and your income cycles, as we understand seasonal farming cycles can cause income to fluctuate.
- With the ability to finance both new and old agricultural machinery depending on your requirements and budget
- Terms range from 6 to 84 months on both Hire Purchase or Leasing
Tax Efficiency
- Potential tax benefits and allowances may be available for financed machinery (Consult a tax advisor or get in contact with us today to find out more).
Lower Maintenance Costs
- Through the purchase of newer equipment you can reduce the likelihood of breakdowns and the subsequent expensive repairs. So you can improve the reliability and efficiency of your farm without having to worry about further costs in the future.
Credit Building
- Through consistent one-time payments you can help build/improve your credit profile, helping you with future loans.
Agricultural Machinery Financing FAQ: Your Questions Answered
What types of machinery can I finance?
Financing is open for a wide range of agricultural machinery from balers to sprayers to ploughs and more.
Do I need a down payment?
This depends on the plan agreed, sometimes you would have to put down a down payment at the beginning, but there are zero down payment options available.
Do I need a high credit score to qualify?
While it will help you secure better terms when it comes to financing plans, there are still many options for those with lower credit scores.
What happens if my farm experiences a bad season and I can’t pay?
We offer a range of flexible options during tough periods, such as deferring payments or adjusting the repayment terms to help you get back to better working conditions. If you do foresee this occurring or are experiencing this do get in contact with us today so we can see how we can help.
Am I eligible for machinery finance?
Eligibility is typically based on factors such as farm size, turnover, credit history, and financial standing. Get in touch with our team of experts today, so we can help you explore your options.
Are there hidden fees?
All of our plans show all the costs in an upfront and transparent way, from interest rates to late fees we ensure you have all the information.
Get in Contact With Us Today to Secure your Agricultural Machinery Financing.
Here at Rural Asset Finance, we are ready to help you acquire the agricultural machinery that you need. With our range of flexible financing options, you can invest in the machinery ideal for your farm’s productivity and efficiency without needing to over-burden your budget.
Contact our experienced team today to learn more about your financing options or use our finance calculator to estimate your costs and get started on the path to a more efficient harvest season!
Phone:
0345 0303 475
