Apply for a commercial loan with Savvy today to help you finance the tractor your business needs.
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Finding a financial product that fits your needs should not feel like looking for a needle in a hay stack. At Savvy, we understand the need to find affordable agricultural equipment at an affordable price. Our experience in financing for tractors of all kinds will ensure that you get a personalised solution to make owning and operating a tractor easy and affordable. Whether you're financing a utility tractor, specialty tractor, row crop tractors, or a 4WD track tractors, we're here to help.
We put in the work to find you the best solution with the lowest rates on the market so you can finance your next tractor with ease. Our financial products are specifically designed to meet agricultural needs of both small and large businesses. We offer finance options such as chattel mortgage, lease and commercial hire purchase that work with your businesses cash flow, so get a free, no-obligation quote with us today.
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There are plenty of equipment financing that comes with tax benefits that will ease the pressure on your businesses capital and cash flow. Depending on which option you choose to fund your tractor you can get access to potential tax benefits such as interest on the finance and depreciation of the asset which is tax deductible. However, this will differ according to your business and financing. You will have to check with your tax advisor for potential tax benefits that are applicable to you.
Not all financing options will allow you to own the equipment outright. Some might come with terms such as paying off the residual in full in order to get ownership of your equipment. Other options such as finance lease mean that the lender will take ownership of the tractor and rent it out to you until the end of the loan term. Before agreeing to any terms, you will have to ask about ownership rights to see if the loan is tailor-made for you.
The benefit of Hire Purchase is that it comes with little to no upfront costs, and with its low rates, it makes repayments more manageable for businesses and self-employed people to work their way to eventually owning the equipment by the end of the hire period. You can pay the residual towards the end of the loan term which will help reduce costs for a business that doesn’t want the purchasing of an equipment to take a big chunk of their capital.
A lease means that your lender will purchase the equipment on your behalf and then rent it out to you for a fixed period. In return, you will have to pay monthly repayments until the end of the loan term. It is beneficial for a lot of businesses that need an immediate financial boost to help them purchase the equipment. It is also budget friendly due to its fixed rates. The good thing is that it's an expense that can be kept off the books, making it tax-efficient.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
