Finance your next purchase with AGCO Finance
Serafin Ag Pro can provide you with flexible financing solutions to suit your individual needs through AGCO. Whether you’d like to purchase, lease or rent we can provide you with a competitive solution.
Working with trusted lenders, you can acquire the right equipment to help you grow your business and improve productivity. View our finance options below or contact us for more information.
Contact our team about AGCO Finance
For all finance enquiries contact us via this form and we will get back to you within one business day.
Chattel Mortgage
Features
What is it?
You take ownership of the item at purchase but the lender takes a charge over the item until all rentals are paid in full.
Can I finance 100% of the cost?
Yes.
Is the GST payable?
On the cost of the item.
Can I have flexible repayments?
Yes.
Fixed interest rate?
Yes.
Is there guaranteed ownership at the end of the term?
Borrower owns the item from the outset.
What is the accounting treatment?
On balance sheet.
Can I have residual capital value?
Yes – Optional, called a balloon payment.
Who owns the equipment during the contract?
Ownership is with the borrower.
What can be claimed as a tax deduction?
Borrower may be able to claim interest and depreciation as a tax deduction if the item is used for business purposes.
Finance Lease
Features
What is it?
You lease the item for use for a set period in return for rental payments. You can make an offer to buy the item at the end of the term.
Can I finance 100% of the cost?
Yes, this is mandatory.
Is the GST payable?
Payable on rental.
Can I have flexible repayments?
Yes.
Fixed interest rate?
Yes.
Is there guaranteed ownership at the end of the term?
No.
What is the accounting treatment?
On balance sheet.
Can I have residual capital value?
Yes – Set to ATO guidelines .
Who owns the equipment during the contract?
Legal ownership is with the financier.
What can be claimed as a tax deduction?
Lessee may be able to claim lease rentals as a tax deduction against assessable income if leased item is used for business purposes.
Operating Lease
Features
What is it?
You lease the item for use for a set period in return for rental payments. At the end of the term you return the item to the financier.
Can I finance 100% of the cost?
Yes.
Is the GST payable?
Payable on rental.
Can I have flexible repayments?
Yes.
Fixed interest rate?
Yes.
Is there guaranteed ownership at the end of the term?
No.
What is the accounting treatment?
Off balance sheet.
Can I have residual capital value?
No.
Who owns the equipment during the contract?
Legal ownership is with the financier.
What can be claimed as a tax deduction?
Lessee may be able to claim lease rentals as a tax deduction against assessable income if leased item is used for business purposes.
Please Note: Tax treatment and accounting can be a complex area and varies depending on your individual situation; we recommend you consult your tax advisor for full advise. For more information please visit AGCO Finance.
