AGCO Finance
In agriculture every day is different. Challenging weather conditions, unstable commodity prices and changing regulations dominate the daily business of all agri businesses. In this environment the use of efficient and high-tech machinery is essential.
AGCO Finance fully understands the needs of today’s agri businesses and strives to make the use of modern agriculture machinery not only a thinkable but a realistic and affordable option. As a reliable and experienced agricultural funder, AGCO Finance is fully aware of the bespoke nature of agri businesses thereby delivering highly flexible financing options.
Hire Purchase is the most common way to finance agricultural equipment. You decide what equipment to buy, negotiate the sale with the dealer and then sign a Hire Purchase agreement. Once all the repayments have been made you have the option to become the owner of the equipment.
An alternative way of providing finance is via a Finance Lease, whereby the equipment is purchased by AGCO Finance and rented to the customer for a fixed period. This is very similar to Hire Purchase as you gain exclusive use of the equipment and the repayments cover the original cost of the machine plus interest.
With this product you pay a hire rental to AGCO Finance, which allows you to use the equipment for the period stated in the operating lease agreement. The rentals are normally lower than those with a HP or Finance Lease agreement because you only pay for the usage, not the full purchase price.