How does it work?
AGCO FINANCE purchases the equipment from your Massey Ferguson dealer. You lease the equipment from AGCO Finance for a specific time and in return, make a series of payments. The customer can apply to purchase and own the equipment at the end of the contract period but must guarantee the residual. Title to the equipment remains with AGCO Finance until disposal.
Best for?
Borrowers wanting to preserve working capital without the need for ownership.
Ownership?
Machinery ownership remains with AGCO Finance. You can apply to purchase and own at the end of the contract period but must guarantee the residual.
Finance Amount?
100% purchase is mandatory^
Interest Rate?
Fixed for the term of the finance agreement.
Deposit?
None
Payment Schedule?
Tailored to your needs. Just like a AGCO Finance chattel mortgage, we are pleased to discuss the repayment profile that will best match your requirements.
Terms?
12-66 Months
Balloon / Residual?
Mandatory and is an estimate of the value at the end of the term.
Generates Equity?
No
GST?
Included in each rental, customer claims on next BAS after each payment.
Can I claim full instalments as tax deductions?
Yes
Can I claim depreciation and interest as tax deductions?
No
"Matching farm cash flow ensures your business reaches its full potential"