Why use Lombard as your Agricultural equipment leasing provider?
Experience in the sector – With extensive knowledge of Residual Value Lease agreements, our team is ready to help with your agricultural venture.
Boosting cash flow – With the residual value of the asset set at the start of lease, you will usually end up with lower Residual Value Lease payments compared to other financing solutions.
Giving you interest choices – you could choose fixed or variable interest to suit your needs.
Two end of term arrangements – At the end of your Residual Value Lease commitment, return the asset for resale or rehire.
Reducing your tax payments – you could reclaim VAT on the equipment and you could offset your lease payments against taxable profits.
Tax reliefs referred to are those applying under current legislation which may change. The availability and value of any tax reliefs will depend on your individual circumstances.
Customers need to insure and maintain the asset. We can not say for definite whether a particular tax treatment will definitely apply. Contact us or see your contract terms for more details.
Agricultural Residual Value Lease with Lombard
If you are looking for asset financing that could allow you to avoid depreciating market values and lengthy lease periods, Lombard’s Residual Value Lease could be the solution for you.
We provide the assets and act as owners, freeing you from risks associated with ownership. The value of the assets is fixed from the start, reducing your repayments and costing you less than conventional leasing, as the equipment is not hired for its entire life cycle. At the end of the lease, you can choose to either return the asset to Lombard for sale or re-hire the asset for a reduced price.
To find out more about Lombard’s Residual Value Lease and how it compares to other types of asset finance, visit the Residual Value Lease page.
Is an Residual Value Lease right for me?
No matter what kind of specialist farming equipment you need for your business, this type of commercial leasing could instantly boost your cash flow. You could choose fixed rental costs that suit your income, something particularly useful for seasonal businesses such as farms.
If you feel like your current equipment is hindering your farming, a Lombard Residual Value Lease could be the solution for getting brand new machinery without spending a lump sum.