Hire Purchase Agreements
Our hire purchase agreements allow you to structure your repayment profile to maximise tax efficiency and match your cash flow seasonality. During the period of financing, Agribank assumes ownership of the asset being financed. Ownership is automatically transferred to you when the contract expires.
- Payment profiles to match your cashflow seasonality
- Terms of up to 7 years
- Use of the asset with a small upfront contribution
- Ownership passes to you upon the exercise of an option at maturity
- A number of tax advantages relating to capital allowances, VAT and interest expense