Looking For Agri Finance? - Just Ask Elton
Funding can be sourced for New & Used Machinery, Tractors & Yard Equipment, Trailers, Horseboxes and Horse Trailers, Livestock, Farm Buildings and Vehicles
Sourcing a range of funding options which include:
A Hire Purchase (HP) agreement is one of the most common ways of funding a vehicle purchase. It is normally a fixed cost, fixed period loan of money secured to the purchase of a vehicle. The lender will retain ownership of the vehicle/goods until the end of the agreement. Once an option to purchase fee has been paid, title of the goods would transfer to the customer.
A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are a number of different types of business loan available depending upon your requirements.
Contract Hire is available to any type of customer – whether business or private – but, because of its structure and form, it is ideally suited for VAT registered businesses. Contract Hire is a method of funding the use of a vehicle for a set period of time but not the ownership of it.
Lease Purchase is similar to a Hire Purchase agreement except that payments are structured like a lease agreement where the customer pays advance payments rather than a deposit. A balloon payment can also be incorporated into an agreement, which represents the future residual value of the vehicle.
Finance Lease is a form of flexible leasing to fund the use, but not the ownership, of a vehicle and is ideally suited for VAT registered businesses. The leasing company hires the vehicle to the customer for an agreed period of time for an agreed monthly sum.
So, if your looking for a Finance Just Ask Elton!
Contact US now to see how we can help, or use the links above to find out more.