Our company has a good reputation amongst the farming community as a Finance Company that provides honest and good advice with respect to Tilage and Seeding Finance.
As with all types of Farming Equipment Finance, it is important that clients consider a specialised finance company like ours, in order to achieve a finance approval that best suits their needs.
Example Funding Scenario – Tilage and Seeding Finance
- Customer was referred to us by an existing customer.
- Client had advised that they had been finding it difficult to obtain finance on a seeding machine based on the age and type of the goods.
- Purchase Price – $88,000 (gst inc)
- Goods older than 10 years old – yes
- Time in the farming – 3 years
- Equity in the farm – yes
- Equity in unencumbered equipment – yes
- Finance statements available from Accountant – no
Outcome – Tilage and Seeding Finance
- Application taken over the phone by a Consultant specialising in Farming Equipment Finance.
- Given the age of the goods, we proposed to credit that collateral security be taken over a tractor client owned outright.
- Last 6 months bank statements requested from the client on their business trading account.
- Deal submitted to credit on the basis of seasonal payments.
- Approval was granted for 100% of the purchase price.
- Inspection had to be completed on the goods.
- Deal settled 2 weeks later and client took delivery of the seeding machine.
- Client was really surprised that we were able to assist with the finance of the Seeding Machine, as other finance companies had been unable to do so.
Below is a list of the makes for Tilage and Seeding Machines that we have financed over the years:
Deals relating to Farm Machinery can be very complex as age and type of the goods vary from deal to deal. We specialise in Tilage and Seeding Finance and can therefore always provide a solution to our customers.
Please call us on 1300 788 740 or complete our ONLINE PRE-APPROVAL FORM to get the ball rolling.