If you’re in the market for a new header and harvester machinery, Jade Equipment Finance is available to source you a great loan. As a asset equipment finance broker, we support the agricultural farm equipment finance sector with a comprehensive selection of commercial loan products to suit every business structure – the owner-operator farm, larger multi-property concerns and large-scale properties operated at a corporate level.
The choice as to whether you should take on a Chattel Mortgage, Equipment Lease, Equipment Rental or CHP for your harvester loan, should be arrived at after discussions with your accountant. Your Jade consultant will assist by explaining the details of each of these loan products.
When considering a harvester loan, we caution you of FOIR – fixating on interest rates! Following the interest rate fluctuations has become a national past-time and while the interest rate is an important aspect of your harvester loan, there are other details to consider. A low interest rate won’t transfer well into monthly repayments if the lender insists on a short loan term and you are wanting a longer term to cover your purchase. Shorter loan terms mean higher monthly payments and vice versa.
At Jade your equipment finance interest rates we are focused on – on getting our customers the cheapest interest rate for their loans. That gives us a great basis to structure the harvester loan to suit the individual purchaser.
We fully understand the seasonal nature of agribusiness and the variations in income based on fluctuations in market prices. This scenario presents unique challenges to us as finance brokers, to ensure we structure your harvest loan with terms and conditions that will work with your cash flow.
Flexibility and Freedom
As a commercial loan broker, we are not hamstrung by a limited number of loan products as many banks and lenders are. We are accredited with heaps of lenders, including most major Australian banks, and have access to hundreds of loan products.
Greater choice means we have the freedom to source you exactly the right loan. As we are working only in your interests, we can maximise our flexibility to negotiate not only the cheapest interest rates but the most favourable terms and conditions for your loan.
Your consultant will listen to your requirements, fully consider the price of the harvester you are purchasing, new or used, and in discussions with you, arrive at the monthly repayment level that suits you. The term of the loan can then be worked to suit. If the loan includes a balloon figure, CHP and Chattel Mortgage include a balloon, that may also be set to suit you. With Asset Lease, the residual is set in line with the required ATO residual Value Guidelines.
Speak with a Jade Consultant to discuss a financing solution for your harvester loan. Call 1300 000 003