What retail finance options do we offer?
Our Cornthwaite Group Retail Finance team provide flexible finance solutions for our business and commercial customers. Our team has a wealth of experience in retail finance and has established business relationships with the UK’s best asset finance and funding specialists, including:
- John Deere Financial
- Novuna Business Finance
- Anglo Scottish
- Close Asset Finance
- De Lage Landen
- And Many More!
What can Cornthwaite Group Retail Finance assist with?
We can assist business and commercial users with the finance of:
- A new asset
- Re-finance of an existing asset
- Loans for commercial buildings
- Vehicle Funding
- Business loans
- And much more!
What does our service to you include?
Finance plays an important role in the acquisition of new and used machinery and our finance specialists are keen to help you through the process from start to finish. Our service to you will include:-
- Obtain competitive quotes from our network of finance partners.
- Call to see you at your farm/business premises to discuss various options and talk you through the paperwork.
- Sort the paperwork efficiently (finance agreement, VAT invoices etc), ready for the delivery of your equipment.
Various finance options available are:
HIRE PURCHASE
Pay a deposit plus the whole VAT amount at the beginning. What is left to pay, plus interest and fees, is split into easy-to-manage payments, typically over 1-5 years. After you make the last payment, you own the machine. This option allows you to claim capital allowances so that you can enjoy the privileges of ownership with a repayment structure that meets your needs now.
Fixed scheduled payments, no surprises and you will own your machine by the end of the contract period.
FINANCE LEASE
An attractive leasing option with fixed repayments. VAT is payable on each lease payment rather than in full at the outset. The Finance Lease starts with a primary lease period, typically 2-5 years, which covers the full cost of the machinery. At the end, you may request the equipment to be sold to a 3rd party and the proceeds from the sale are yours to keep. Or you can opt for a secondary lease period, continue to use the machinery in exchange for a prearranged annual fee. Start using your new machine quickly, with a low deposit and easily budgeted fixed payments.
Finance Lease requires low initial capital outlay and features fixed payments, fixed interest, and no usage restrictions.
OPERATING LEASE/ CONTRACT HIRE
Minimum commitment, low payments. A straightforward, all-inclusive rental option with minimal commitment, lower monthly payments, and a worry-free maintenance package. It combines the advantages of an operating lease with comprehensive maintenance packages in one fixed price agreement. After an upfront rental payment, enjoy lower fixed monthly rental payments, and return the machine at the end of the term of the agreement. You can offset the rental payments against taxable profits since they are a business expense.
Total cost control. Pay only for what you use, with low payments and no ownership commitment. The contract hire option also includes maintenance packages for peace of mind.
Get in touch:
Email our Retail Finance team at retail.finance@cornthwaitegroup.com
Cornthwaite Agricultural Ltd is regulated and authorised by the Financial Conduct Authority. Our firm reference number is 663123. We are permitted to act as a credit broker and not a lender. For acting as a credit broker to the lenders, the lenders may pay us a commission for these introductions.
Rob Mullock, Group Retail Finance Manager, 07375 520169
