Agricultural Finance Lease
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All the benefits of agribusiness buying without the hefty outlay
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Benefits
Features
Important Facts
Your agribusiness has cash flow requirements that need to be met if it is to grow and prosper. Agricultural Finance Lease, offered to businesses operating within the farming sector, enables you to purchase farm equipment, motor vehicles and business equipment, allowing you the use of an asset whilst paying a rental rather than a repayment. An alternative to Agricultural Hire Purchase, you can enjoy the same freedom and flexibility of a cash buyer without the headache and financial pressures associated with heavy initial outlays.
How it works
We can provide you with pre-arranged finance to fund the agribusiness asset you are looking to acquire. You have full use of the asset without committing any capital in return for rental payments during an agreed period. Although ownership of the asset never passes to you, at the end of the rental term you will receive a proportion of the proceeds from the asset sale or have the choice of extending the lease as a secondary rental. Additionally, capital allowance benefits are reflected in the rentals.
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Benefits
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- Personal attention - dedicated pro-active relationship management
- Flexibility - to choose a payment option that best suits your needs or cash flow
- Sales proceeds - receive a proportion of the proceeds from the asset sale at end of rental term
- Cash boost - capital allowance benefits are reflected in the rentals
- Save money - pay VAT only on each rental which is normally recoverable if you are VAT registered
- Latest equipment - keep your business up-to-date with the latest technology and most efficient plant and equipment
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Features
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- Competitive fixed and variable interest rates
- No capital outlay or upfront deposit needed
- The rental is generally tax deductible to the extent that the asset is used in your business
- Flexible payment patterns to suit your individual needs
- Personal attention - dedicated Relationship Partner who can make decisions - fast
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Complementary solutions
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Important facts
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Interest rate
- Available on application - individually negotiated with your Relationship Partner
Interest type
How is interest calculated?
- Dependant on fixed or variable term taken
How is interest charged?
- Flexible repayment terms to suit your cashflow
Minimum term
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Maximum term
What it costs
- Documentation Fee - paid at the outset of the transaction
- Full fees and charges - available from your Relationship Partner
Terms and conditions
- Capital allowances claimed by Asset Finance
- Sharing of proceeds from the asset sale - negotiated with your Relationship Partner
- All terms and conditions are available on request
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Your home maybe repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
Yorkshire Bank is a trading name of Clydesdale Bank PLC which is authorised and regulated by the Financial Services Authority. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. Clydesdale Bank PLC, Registered in Scotland (No. SC001111), Registered Office: 30 St Vincent Place, Glasgow, G1 2HL. A member of the National Australia Bank Group of companies.
Finance Lease provided by Yorlease Limited. Yorlease Limited is a wholly owned subsidiary of Clydesdale Bank PLC.
The value of any tax benefits to you depends on your individual circumstances, the law and Inland Revenue practice, which are subject to change.
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