The best financing solutions for purchasing agriculture and forestry machinery

Below you will find more information about our financing solutions for agriculture and forestry machinery – hire purchase and leasing.

Our partners have plenty of experience in selling agriculture and forestry machinery, and they specialise in various financing solutions for these investments. Your machinery and equipment needs may cover tractors, combines, harvesters or balers, for example. 

You can sign the financing agreement digitally or in person at our vendor partner’s office.

Hire purchase of agriculture and forestry machinery

Under a hire-purchase agreement, the asset secures the financing, so your company does not need any other collateral besides the deposit. The monthly payments are agreed in advance, and once you have repaid the financing, your company takes ownership of the asset. The financed asset usually has a long service life. Your company can also recognise the annual depreciation of the assets in its accounts. 

Benefits of hire purchase for your company:

  • Fits into your company’s budget with suitable monthly payments – seasonal variations are possible.
  • The financed asset is on your company’s balance sheet, and you can recognise normal depreciation and deduct the value-added tax included in the price.
  • When the agreement ends, your company takes ownership of the asset.
  • Investment grants can also be used to purchase assets.
  • The financed asset can be a new or used machine, device or equipment. The vendors are trained to provide more information.

Assets that can be financed via hire purchase include:

  • tractors
  • combines 
  • harvesters 
  • balers
  • forest trailers
  • timber hoists
  • log splitters
  • forwarders
  • milling machines 
  • road maintenance machines 
  • snowploughs
  • agriculture trailers
  • mowers

Leasing of agriculture and forestry machinery

When you lease agriculture and forestry machinery, the monthly costs of your investment are predictable, and you do not need any separate collateral. Leasing is suitable for companies that do not want to own the assets. Leasing can also be granted in limit form (AssetMaster), providing your company with an ongoing financing facility for purchases.

Benefits of leasing for your company:

  • Get started with a lower initial investment. 
  • Leasing of agriculture and forestry machinery and equipment for your company to use in return for a suitable monthly payment. 
  • The lease payments are deductible expenses in taxation.
  • When the term of the lease ends, contact the vendor to learn about your options, such as extending the agreement or purchasing a new asset to replace the old one. You can also designate an external buyer for the asset.
  • If your company needs new machinery and equipment often, leasing can be granted in limit form (AssetMaster), allowing you to finance investments without the need to apply for new financing every time. 

Assets that can be financed via leasing include:

  • tractors
  • combines 
  • harvesters 
  • balers
  • forest trailers
  • timber hoists
  • log splitters
  • forwarders
  • milling machines 
  • road maintenance machines
  • snowploughs
  • agriculture trailers
  • mowers