Approaching the end of financial year is a busy time as business operators seek to optimise the tax benefits of acquiring new machinery and equipment before the tax year cut-off. As we countdown to the end of financial year, we take a look at what some of the leading manufacturers have in the way of new machinery and what’s happening with equipment finance rates.
Acquiring new machinery at cheap equipment finance rates, fixed for the entire finance term can be pivotal to achieving greater productivity from the purchase. In developing new equipment, manufacturers place special focus on upgrading features to allow operators to realise improvements in productivity. But when new machinery is purchased with finance at interest rates and resultant repayments which place pressure on cash flow and don’t work for the business, any productivity gains from that machine may be compromised.
Focussing on achieving cheaper interest rate equipment finance for the purchase of the latest machines from top manufacturers can provide the ideal combination to achieve targets, better output and that all-important bounce to the bottom line.
New Caterpillar Loaders
CAT has built on the successes of its M-Series with a new generation, dubbed Next Gen, of wheel loaders – the 908, 907 and 906. These new machines feature reengineering of the operator station for an improved experience for the operator and provide the comfort of a larger machine on a small platform.
The new loaders have the C2.8 new engine with an upgrade to the drive and powertrain to deliver increased performance and roading speeds. Also receiving an overhaul are the structures and hydraulics.
The cab is pressurised and seal and retain many of the design aspects of previous models. Visibility is optimised with the larger side mirrors. Options include heated mirrors, parabolic lens, rear and front cameras. Operators will also appreciate the increased wiper coverage achieved with the new single-piece windshields. Ergonomics are also improved with seat-mounted controls and a multi-functional joystick to elevate safety.
The powertrain upgrade has the new engine which delivers the same power as the previous version but with 13% increase in torque. Along with plenty more detail to check out, these models allow operators to control the implement and to operate attachments simultaneously and seamlessly with the pressure compensated valve. For operators in agriculture, industrial and waste operations, the option CAT 908 high-lift configuration is sure to be of special interest.
There are plenty of other new features to check out on these next gen CATs. Prior to talking to your local CAT dealer, talk to us about pre-approved equipment finance. With finance set and sorted you’ll be ready to place that order and receive your new CAT loader faster.
John Deere News
New from John Deere is a range of Precision Air Hoe Drills – the P600. What’s on offer? 15.5% increase in working width and 24% reduction in weight, when compared with the P500. This decreases compaction, lowers labour time, reduces consumption of fuel and optimises productivity and seed-to-soil contact.
The range includes models with working widths of 12.2m to 27.4m. Each with 25.4cm to 30.5cm spacing, duel knife openers which consistently place the fertiliser to achieve even emergence and provide equal nutrient access.
According to Ben Kelly, the manager of this product segment for John Deere, this new range gives small grain operators a comprehensive selection of machinery to meet their specific preferences. He said the focus is on adaptable and flexible solutions in offering wheel, 2-track and 4-track tractors and other machines.
For forestry operators, the company recently announced Smooth Boom Control (SBC) is now available of its MH Series Harvesters and the M Series Tracked Feller Bunchers. This is now standard on new machines and available as an upgrade on existing models. SBC improves control overall by responding instantaneously to input from the operator while smoothing deceleration and acceleration of hydraulics.
Check the specs and check the interest rates on finance to acquire a new JD for your operation.
June Equipment Finance Rates Update
The May rise by the RBA signalled the start of what could be several months of cash rate increases this year. The central bank is normalising rates after the period of record lows required as pandemic stimulus. As the RBA Board meets this week, another rise is highly anticipated. By how much is more the question that many are pondering.
As the RBA moves so do the banks and non-lenders across the lending sectors. Business owners that want to stay ahead of further rises would be wise to move quickly with machinery acquisitions requiring finance.
While much is being talked about the rise in interest rates, these increases are coming off the historic low base and are effectively normalising the scenario. Lending rates on equipment finance available through Jade Equipment Finance still remain extremely attractive as we continue to secure better rates across our loan portfolio.
For rough repayment estimates on a new John Deere or CAT machine, refer to our Equipment Finance Calculator or simply contact us for pre-approved finance so you can proceed confidently to place your order.
Contact Jade Equipment Finance on 1300 000 003 for better rates on equipment finance
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.
