CNH to Offer Financial Support to Customers Investing in Equipment

As the end of financial year fast approaches, CNH Industrial Capital has announced a number of tailored financial offerings to make it easier for customers to invest in equipment and other measures to support and grow their business.

CNH Industrial Capital has launched conditional pre-approval for existing customers to obtain new loans and, to coincide with the recently announced Federal Government stimulus package, an Instant Asset Write-Off (IAWO) Express Application Form for equipment within the $150,000 threshold.

Aaron Bett, Managing Director, CNH Industrial Capital, Australia and New Zealand said,

“We understand the local market, business and communities, and recognise that our customers are continuing to look for finance solutions to help manage their businesses in ever changing times. We want to provide tailored options for our customers and dealers to make upgrading and investing in their businesses easier. This end of financial year, we are working to make equipment upgrading simple with the launch of our conditional pre-approval and instant asset write-off application form. We know the importance for farmers to update their machinery regularly and reinvest in equipment to keep up to date with the changes in technology and the newest farming methods. We will be contacting eligible customers to access conditional pre-approval for a new loan to replace their existing loan and with this conditional pre-approval in place, customers can speak with their dealership to take delivery of a new machine and replace their existing finance commitment,”

he said.

CNH Industrial Capital includes the financing responsibilities for Case IH, New Holland Agriculture, CASE Construction Equipment, New Holland Construction, Flexi-coil, K-line Ag, Horwood Bagshaw and IVECO. Understanding each customer’s requirements and tailoring finance packages to suit is something CNH Industrial Capital prides itself on, with an experienced team who appreciate the unique challenges farmers and contractors face.

“We know this is a busy period for customers and we are simplifying the upgrading process. Customers can contact their local dealership for more information and the options that will be of most benefit to their individual business,”

he said.

He emphasised, too, that CNH Industrial Capital, unlike many of its competitors, allows customers to exit the contract early without incurring early termination fees.

CNH Industrial Capital products can also include finance for the service, warranty and maintenance costs of a machine. This means the total cost of ownership for a machinery purchase can be known for the term of the loan.

“Our understanding of the need for flexible finance solutions is built on 40 years in the Australian agriculture industry. Just as farmers understand the need for constant change and innovation within their own businesses, we know we have to maintain that momentum within CNH Industrial Capital to ensure we retain the trust and respect of the people who matter most – our customers,”

Aaron said.