Why choose Lombard as your Hire Purchase provider?
- Manage maintenance – By adding maintenance into your agreement, you can spread the costs of servicing your farm equipment
- Agreed term set by you – With available durations between 12 and 60 months, you could agree to a term that works best for your business funds.
- Flexible interest rates – With a choice of fixed or variable rates, you could make the choice that suits you and your business best.
- Reduction of tax payments – Allowances and capital grants may be claimable on your agreement. It may also be possible to offset repayment interest against your business profits and claim back VAT.
Tax reliefs referred to are those applying under current legislation which may change. The availability and value of any tax reliefs will depend on your individual circumstances
Agricultural machinery finance with Lombard
Lombard’s Hire Purchase could help you with upgrading your farm equipment to the newest models. It’s an option for those considering farm machinery finance, but wanting to become the owner of the asset in the end.
We buy the equipment you need and hire it to you for an agreed lease period. You are the registered keeper of the machinery, meaning repairs and maintenance of the machinery is your responsibility. We are the legal owner until the last payment is made, then the ownership is transferred over to you.
To find out more about Hire Purchase and how it compares to other types of asset finance we provide, visit the Hire Purchase page.
Get a Hire Purchase quote on your farm equipment now
We offer agricultural equipment financing that allows you to become the owner at the end of the agreement. Get a quick indicative Hire Purchase quote from us now.