Following two years of COVID-caused disruptions and cancellations, many of the extremely popular field days are back in 2022. These events are very important to the primary industry sector as they present valuable opportunities to inspect a wide range of machinery and equipment in the one place and have one-on-one discussions with reps regarding suitability for individual operations. Operators can prepare for upcoming field days and be in a position to place an order by arranging pre-approved machinery finance prior to the date.
Added benefits of arranging finance at the moment and purchasing possibly by June, are the dual issues of further rises in interest rates later in the year and the current temporary full expensing tax measure available in this financial year.
To assist and guide buyers, we check out what’s on the calendar and what’s on the table in terms of cheap pre-approved machinery finance with benefits!
Upcoming Field Days
From June through August there are a number of great field days scheduled in Victoria, NSW and Queensland:-
- Queensland: 7-9 June, Farmfest. Location: Kingsthorpe Park, Kingsthorpe. Details at event website
- Queensland: 23-25 June, Ag-Grow Emerald Field Days. Location: 26007 Capricorn H’way, Emerald. Details at event website.
- NSW: 8-9 July, Mudgee Small Farm Field Days. Location: 267 Ulan Road, Bombira. Details at event website.
- Victoria: 15-17 July, Australian Wool and Sheep Show. Location: Holmes Road, Bendigo. For more information head to the website.
- Victoria: 31 July- 2 August, Sheepvention. Location: Shakespeare Street, Hamilton.
- Victoria: 3-4 August, Mallee Machinery Field Days. Location: 2574 Sunraysia Highway, Speed.
- NSW: 16-18 August, AgQuip. Location: 134 Black Jack Road, Gunnedah. All the details at website.
AgQuip Field Days are the premier events of this nature for the primary industry sector and a must-attend for many producers, growers and suppliers in the industry. These events are renowned for the vital role that they play in the industry. Showcasing and providing first-hand demos of an extensive range of new machinery, equipment and products as well as services to assist producers. Running for nearing 50 years, AgQuip field days are a great opportunity to see the innovative developments in the sector especially in technology to improve efficiency and productivity across operations.
In preparation to attend a field day, it can be smart to check the event website for any changes in scheduling or arrangements and if possible, preview the suppliers that will be exhibiting. Ear-mark those of special interest and if particularly keen to purchase, contact the supplier to see if they will arrange a special meeting time for you.
These shows attract large crowds and it can be disappointing to arrive at a stand of particular interest to you, only to find a wait to speak to the representatives.
Pre-event Finance Options
For buyers keenly intent on or even have some interest in placing a machinery order at a field day, having the finance arranged ahead of time is very much an essential requirement. We can assist with Pre-approved Machinery Finance across our portfolio of equipment finance facilities.
Pre-approved finance is available for:-
- Equipment Loan/Chattel Mortgage
- Equipment Leasing
- Equipment Rent-to-Own
- Hire Purchase for Equipment
The application process for pre-approved finance is the same as when an application is made after the machinery purchase has been committed to. The key difference is that in most situations the exact amount required for the loan will not be known at the time of applying for pre-approved finance.
The final loan total may not be determined until a purchase price is confirmed with the dealer and any additional costs for delivery, installation and commissioning are agreed upon. Extra expenses can in many cases be included in the finance.
The interest rate, loan term and other factors will all be the same as for post-purchase finance.
Pre-approved allows buyers to know exactly how much they are approved for and select machinery within their finance budget. At field days it allows buyers to commit on the day and eliminate any possible delays in taking delivery which may arise with sourcing finance after the viewing.
New producers and start-up operations are eligible for pre-approved finance. Our Low Docs and No Docs Equipment Finance is structured to suit businesses in the early stages if operation. An added advantage of using Jade Equipment Finance as these types of loans are not available through all banks and lenders.
Machinery Finance Interest Rates
Pre-approved finance is quoted based on the interest rates available at the time of application. With the RBA tipped to move again with another rise in the cash rate in coming months, securing finance and acquiring machinery sooner rather than delaying may result in a better rate and a better repayment.
For pre-approved machinery finance prior to upcoming field days speak with a Jade Equipment Finance consultant on 1300 000 003
DISCLAIMER: IF MISINTERPRETATIONS, MISREPRESENTATION OR ERRORS EXIST IN THIS ARTICLE, NO LIABILITY IS ACCEPTED. THE INFORMATION IS PROVIDED ONLY FOR GENERAL PURPOSES AND NOT IN ANY MANNER INTENDED AS THE ONLY SOURCE FOR MAKING FINANCIAL DECISIONS. THOSE THAT CONSIDER THEY REQUIRE ADDITIONAL GUIDANCE OR ADVICE SHOULD REFER TO AN INDEPENDENT FINANCIAL ADVISOR.
