Tractor Finance

What is tractor finance? 

Tractor finance can be a suitable solution for agricultural businesses looking to invest in essential machinery without the burden of a large upfront payment. Whether you're upgrading your equipment or expanding your operations, bespoke finance options can help make this investment more manageable. 

At UK Business Finance, we can arrange agriculture finance for the purchase of a new or used tractor, restructure existing finance agreements and provide you with flexible seasonal payments options to suit a range of farms and agri-businesses.  

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With full market access and absolutely no ties to any lender, we can objectively match you with the most effective and cost-efficient source of business finance. Contact our team today!

Benefits of tractor finance 

Management of cash flow: Using a finance solution to purchase a new tractor instead of buying it out right can have multiple cash flow benefits. Rather than using business capital to pay for the assets full value upfront, various finance solutions allow you to spread the cost of purchase out over a pre-determined period, where you will make a series of monthly payments. This ensures you can retain cash to be used for multiple business expenses.  

Raise funding with refinance: Refinancing equipment your business owns can be a great way to raise cash. You can sell the asset to the funder and then lease it back, receiving a large percentage of the assets value in a lump sum. With the funding, your business can purchase new assets, make necessary payments, or fund growth investments. Once the finance payments have been made at the end of the agreement, your ownership of the asset resumes.  

Simple budgeting: Finance agreements have set monthly repayment amounts, ensuring you can plan for how much you need to repay and when. Because of this, it ensures you can reserve capital each month to repay the asset back throughout the agreement.  

Improving equipment: Tractor finance provides agri-business an accessible way to upgrade their assets. With a manageable payment structure, farmers can purchase a new tractor without using up a large amount of working capital initially. This ensures the agri-business can acquire an asset that will improve the quality, efficiency, and capacity of their service. 

Financed tailored to your business: You can have terms that align with your financial circumstances. This enables businesses to set the repayment period they want to finance the asset over, ensuring they can set out monthly payments they know they can make each month.  

How we help businesses with tractor finance 

As a commercial finance broker, UK Business Finance connects agricultural businesses with a wide range of lenders capable of providing finance tailored to the purchase or refinancing of tractors and related farm equipment. We take the time to understand your operation so that the solution we present genuinely fits your needs. 

Here is how we can help: 

• A fast, free quote in 60 seconds 
• We search across a substantial panel of lenders to match you with the right financial product 
• From start to finish, our team manages the application on your behalf with the chosen funder 
• Experienced professionals who understand the agricultural equipment finance market inside and out 

To find out more about tractor finance options available to your business, contact our agriculture finance team. 

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Our team of finance experts can provide industry-leading advice on finance options to suit a range of different scenarios. Call the team on 0808 301 0624 or Contact Us