Agricultural Hire Purchase

More Benefits

• Flexible – payment patterns tailored to your farming business
• Tax benefits – interest charges can be offset against taxable profits and capital allowances can be claimed
• Ownership – the title will pass on to you after payment of the completion fee

Further Features

• Competitive fixed or variable interest rates
• Goods are treated as assets on the balance sheet from the start of the agreement
• Fixed or variable terms available

Complementary Solutions

• Farm Investment Loan

Important Information

• Interest rate
• Rates may be individually negotiated and the amount you are charged will depend on your circumstances. Speak to your local Agribusiness Partner for more details
• Fixed or variable rates
• Fixed – calculated at inception
• Variable – calculated daily
• Minimum term – 6 months
• Maximum term – negotiable
• Alternative option - Agribusiness Finance Lease
• Costs
• Documentation Fee – paid at the outset of the transaction
• Completion Fee – paid to transfer ownership at the end of the transaction
• Charges may be individually negotiated and the amount you are charged will depend on your circumstances. Speak to your local Agribusiness Partner for more details
• Terms and conditions
• A deposit may be required
• You claim capital allowances
• Security may be required
• The ongoing maintenance of the asset is your responsibility
• Full terms and conditions are available on request

In the event of non payment, breach of covenant, or non compliance with terms and conditions, we may proceed to make call on, or realise any security pledged in support of the borrowing.

Terms and conditions apply. All facilities are subject to status and applicants must be aged 18 or over.

Tax treatments are in accordance with current Statements of Accounting Practice. The VAT and other tax restrictions described apply to new and some used cars. The restrictions do not apply to commercial vehicles and other assets. The value of any tax benefits to you depends on your individual circumstances which can change.