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 Tractor Financing and How Can It Help You?
Tailored to empower individuals, farmers and businesses to purchase a tractor or tractors, tractor financing allows you to achieve your goals, while avoiding the large upfront costs that come from purchasing tractors and slow your potential growth. By spreading the costs out over a certain period of time, tractor financing allows you to access essential equipment for your farming, landscaping or construction projects.
What are the Key Benefits of Tractor Financing?
When it comes to Tractor Financing there are a few key benefits that comes with it and some benefits that we at Rural Asset Finance specifically provide:
Affordability:
- Have a manageable program of monthly payments that can be adjusted to fit within your budget.
- Be able to start with a smaller down payment instead of an outright purchase.
- Along with being able to acquire premium tractor models that otherwise might be unobtainable.
Flexibility:
- You can choose the month terms on a hire purchase and finance lease from anywhere between 6 to 84 months to allow you to pay as quickly or as slowly as you think possible.
- Along with the ability to finance both new and used tractors depending on your needs.
Business Growth:
- Being able to get equipment swiftly so that you can boost your productivity and efficiency.
- Allows you to have your working capital free so that you can make other essential investments to help overall growth improve.
Tax Benefits:
- This can potentially come with tax deductions on financed equipment depending on your plan (do get in touch with our experts to learn if this is the case for you).
Credit Building Opportunities:
- It can help you build up your credit profile by making consistent payments on time. Which can help you get larger loans in the future.
Speed of Completion
- Once we have all the correct information we will be able to complete a tractor finance deal for you within 24 hours.
FAQs About Tractor Financing
What types of tractors can I finance?
You can purchase both new and used tractors, depending on your long-term plans.
How do I qualify for tractor financing?
This is determined by multiple factors, including credit score, income and repayment ability. The plans available to you depend on these factors.
What is the typical repayment period?
For Rural Asset Finance this will range from 6 to 84 months, based on the plan decided.
Can I finance additional attachments or accessories?
Of course, financing usually includes attachments like ploughs, loaders or other potential accessories.
Is a down payment required?
Sometimes they will require a down payment. However, there are some zero down payment options available depending on the plans available to you.
What happens if I can’t make a payment?
Get in contact with your lender immediately to see what options are available to you. If you are with Rural Asset Finance please get in contact here.
Are there any hidden fees?
All of our costs will be upfront and easy to spot, from interest rates to late fees we ensure all fees are shown.
Enquire about our Tractor Financing Services Today
At Rural Asset Finance, we are committed to helping you acquire the tractor you need through our flexible and straightforward hire purchase solutions. Our team of experts are here to provide advice and support, ensuring you make the best financial decision. To get started, use our finance calculator to estimate your costs and contact us today for personalised assistance. Let us help you secure the tractor that will drive your agricultural success.
For expert advice and help on your tractor 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 tractor.
Phone:
0345 0303 475
