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Finance PDF Print E-mail

FinanceAvon Equipment offer a range of flexible finance options to assist in the purchase of new and used machines.

Finance can be arranged on both new and used machines at very competitive interest rates allowing you to stretch the payment and making it affordable.

All Finance is subject to status and is not available to anyone under the age of 18

Finance Options include:

Hire Purchase
Hire purchase where a deposit is paid and balance plus interest is repaid over a set period.
Example: Used Machine at £10'000-00 Plus VAT of £1750-00 (Total: £11750.00), Deposit of 20% plus total VAT making total deposit £3750-00. Balance on finance £8000-00 repaid over 36 months at an interest rate of 4.5% flat PA would be £252-00 per month.

Hire Purchase with balloon payment
Hire purchase where a deposit is paid and the balance plus interest is repaid over a set period but the final payment is larger. The advantage of this type of finance is that the repayment per month is reduced enabling less pressure on cash flow and the opportunity for the machine to earn it's final payment.
Example: Used machine at £10000-00 Plus VAT of £1750.00, Deposit of 20% plus the total VAT (£3750-00) balance on finance £8000.00 Final Balloon payment of £3000-00 with 35 monthly payments at a flat rate of 5.9% Flat PA would be £183-50

Lease Purchase
This is similar to hire purchase but may suit customers who are not VAT registered as the VAT is payable on each monthly instalment rather than upfront on the total purchase price, thus reducing the deposit required and may be advantageous in regard to accounting and cash flow.
Example: Used Machine at £10000-00 Plus VAT of £1750.00, Deposit of 20% (£2000-00 plus VAT of £350, total of £2350-00), 36 Monthly repayments of a flat rate of 4.5% PA at £252-00 Plus VAT of £44-10 (£296-10) per month.   

Kubota New Machine Finance
Kubota offer a subsidised finance scheme with 3.5% flat rate interest PA
, Please contact us for details

Last Updated ( Monday, 05 May 2008 )
 
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