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Agricultural Equipment Finance
Agricultural finance that helps you grow.
When you’re looking to expand your opportunities, you need the right agricultural finance solution to help you move ahead. Yet too often, small business operators are lumbered with finance deals that have excessive charges and inflexible terms which can limit further growth opportunities.
So forget all that, talk to Pure Capital. We can provide Agricultural Finance on terms that give you more room to move. Whether you need bobcat finance or perhaps even trencher finance, Pure Capital can source finance in many forms to help you acquire the equipment you need sooner.
Easy finance solutions without the hard grind.
Let’s imagine you’re looking for stump grinder finance, chances are you don’t have time wait until local bank gets around to it. With all the messing around, phone messages etc, who knows how long it will take out of your day.
But when you talk to Pure Capital, we can call or meet at a time and place to suit you. From there, Pure Capital handles the whole agricultural finance process from application to approval.
We believe that getting to know your business and your unique trading conditions is important, because it allows us to act as your advocate in putting your case to the country’s leading financiers. It doesn’t matter whether you’re after wood chipper finance or maybe skid steer finance, Pure Capital can secure the right finance plan that will put you a step ahead.
Access to 25 leading financiers
Access to heavy asset finance and business loans to support your growth
Simple process to secure funds within 72 hours
Our focus is on growing your business through agriculture and farm equipment finance we can help you buy new or used equipment, from tractors to plows and earth-movers to crop-dusting aircraft. Taking the form of loans, leases, hire purchase and rental agreements, it can help you get the right equipment, when you need it. It can also give you the opportunity to grow your business.
A broad range of equipment can be financed, from vehicles – trucks, utes, earth-movers, harvesters, crop dusters and tractors – to equipment for harvesting and working the land. This type of finance is available for equipment for all sectors, from fruit picking to wine making, dairy farming and cotton picking – and for spraying, seeding, spreading, irrigating, tilling, feeding and processing.
The term of loan can vary, depending on how the equipment is used. If it is not used heavily or only on a seasonal basis, then longer-term loans may be available.
Farm Equipment Finance can take the form of rental agreements, leases and hire purchase. It can help you obtain farm and agricultural equipment now without paying upfront for the full cost. One of the great benefits of this type of finance is that the equipment you are purchasing can be used as collateral, so you will not have to use property as security.
Because you are using the equipment as security for your loan, the amount you can borrow depends on the value of the equipment you are buying. The equipment type, age of equipment, useful life and how much you will be using it are important factors for determining the amount of your finance approval. You can finance up to 100% of the value of the equipment.
Most equipment finance has fixed interest rates and a set term with regular monthly payments. The certainty of fixed monthly payments can help your business planning and budgeting. Another benefit of financing your equipment is that it frees up your capital to be used as working capital and towards your business growth.
Pure Capital Finance Benefits
Get funding fast
The equipment acts as security for the loan
Frees up working capital
Get equipment without paying for it upfront
Manage your cash flow with fixed instalments
You can claim tax deductions
Options are available for bad credit
Start a new contract with the latest technology at the end of your current contract
Agricultural Equipment Finance
Up to 100% of Equipment Value
1 to 10 years
Starting at 4.09%
Time to fund:
As little as one day
How does Agricultural Equipment Finance work?
Getting an agricultural or farm equipment loan or lease can be a short, streamlined way to finance up to 100% of the value of any equipment you need.
It comes in many options including leases, hire purchase, loans and chattel mortgages, for example:
A standard equipment loan allows you to borrow up to 100% of the cost of equipment with fixed repayments. The equipment is generally the only security required for the loan.
A finance lease is a form of a rental agreement because the lessor owns the asset. At the end of the lease you have the option of purchasing the asset (for a residual amount agreed upfront), trading in the asset for new equipment or simply terminating the lease.
There is a risk that at the end of the lease the asset will be worth less than the residual value. One of the advantages of a finance lease is that the lender pays the GST component; this makes your payments lower.
This type of lease is ideal for equipment such as technology equipment that needs regular replacement. It is similar to a finance lease but the risk of the market value being lower than the residual value is with the lender, not with you.
At the end of the lease period, you simply return the goods to the financier. In this type of lease, the equipment is not listed as an asset on your balance sheet and therefore you cannot claim depreciation. You can, however, claim the lease payments as a tax deduction.
A “chattel” is a moveable asset (i.e. it’s anything other than real estate). With a chattel mortgage you own the equipment from the beginning of the term of the lease. With a chattel mortgage, only the interest component of the lease payments are tax deductible – but you can also claim a deduction for the depreciation of the asset. In addition, you can claim a credit for the GST component on your BAS statement.
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Pure Capital is committed to helping meet your asset finance needs. We want to be your trusted business advisor and hope to build a partnership for life. We work hard to ensure that you receive great service and a bespoke package to suit your unique needs and financial requirements.
We offer different loans to suit different situations. Whatever yours is, we’ve got you covered:
No age limit on assets
Credit impaired Approvals
Low doc finance up to 500k
Same day funding
Dealer or Private sale
Access to over 20 lenders