Knowledge Base From Rural Asset Finance
At Rural Asset Finance, we have created a range of helpful guides and tools to support your financial decisions in the rural sector. Whether you’re looking to finance new equipment or expand your agricultural business, our expert advice is tailored to meet the unique challenges and opportunities in rural areas. Our guides cover everything from understanding asset loans to helpful frequently asked questions, ensuring you have the knowledge you need to make informed choices.
Some of our featured FAQs
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.
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.
How do I know if I am eligible to do asset refinancing?
Eligibility for asset refinancing depends on several factors, including the current value and condition of the asset, your ownership status, and your business’s financial health. Our team will assess your assets and provide a detailed evaluation to determine your eligibility.
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.
What are the tax benefits to leasing?
Equipment Leasing may offer tax advantages, such as deductible lease payments and potential depreciation benefits. We recommend consulting with your tax advisor to understand the specific tax implications for your business.
What information is needed for a secured loan?
To process your secured loan application, we will need detailed information about the asset you plan to use as collateral, including its current value and ownership status. Additionally, we’ll require standard financial documents such as your business’s financial statements, proof of income, and a comprehensive business plan outlining the loan’s intended use.
Use Our Land & Equipment Finance Calculator
Do you need help calculating your financing options for purchasing land or equipment? Our Land & Equipment Finance Calculator is here to assist you. Whether you’re planning to expand your agricultural operations or invest in new machinery this tool simplifies the process by providing quick and accurate estimates. By entering a few bits of information you can easily calculate things like monthly payments, total interest, and total cost of a loan. You can use it to compare different loan options and make informed decisions about borrowing money.
Still looking for answers? Get in touch with us today
Are you still not sure about some of our services or how we operate, if this is the case then please do not hesitate to contact us today by filling out our contact form or you can always call us on 0345 0303 475 and one of our team will be able to help you.
