Category: Yellow Plant Finance

Farm machinery finance options through Richmond Asset Finance

30th March 2021 / / Comments Off on Farm machinery finance options through Richmond Asset Finance

Richmond Asset Finance are pleased to announce that we offer a wide range of financial payment facilities on most of our new and used tractors and farm machinery.

We offer agricultural and farm machinery finance across the UK. Richmond Asset Finance’s success is reliant on its specialist service and preserving a competitive edge in a very competitive industry. We ensure that our interest rates are monitored regularly so that they remain at the sharp end of the market.

We can provide finance for a wide variety of agricultural assets, from cultivators, tractors and combine harvesters to livestock, robotic milking machines and crop sprayers, and we’ll guide you through every part of the agriculture finance process. 

Having helped thousands of farm owners achieve business growth, we can help you with a tailored flexible agriculture finance funding solution from £10,000 to £500,000. We’ll even take the seasonality of your business into account when tailoring your payment plan.

Speak to one of our specialists today for more information.

What are the benefits of equipment finance?

5th February 2021 / / Comments Off on What are the benefits of equipment finance?

There are many reasons you might choose equipment finance rather than paying up front out of your business’s coffers. Here are four of the best:

Tax efficiency

Some types of equipment finance like equipment leasing and sale and leaseback are more tax efficient than buying outright. That’s because when you lease an item it’s a monthly expense rather than an asset sitting on your balance sheet.

Easy to budget and manage

Equipment finance in most of its forms gives you predictable payments so you can spread the cost over time. That means that managing cashflow is that little bit simpler, and you can focus on running the business.

Flexibility and scalability

If you finance one piece of equipment and your business starts growing, you can get more items quickly without a large outlay. Whether you’re ramping up production using a new piece of state-of-the-art kit, or getting hold of extra vehicles for expanding logistics, equipment finance is a great way to grow your business.

Access to other lines of credit

One of the often forgotten but important reasons to finance equipment rather than buy it outright is access to other lines of credit. For similar reasons as tax efficiency, equipment finance is usually a predictable monthly expense, which means you can get another type of business finance alongside it. This is a huge advantage for some businesses — you could get the equipment you need, and take out a business loan for marketing, for example.

Yellow Plant Finance

29th January 2014 / / Comments Off on Yellow Plant Finance

Yellow Plant Finance

It is a common term heard in the Construction and Farming Industries. It refers to large construction equipment items such as diggers, excavators, tractors and cranes etc. These business sectors, along with others, require such equipment as a vital part of their companies operations. However, they do tend to be costly items, new as well as used equipment for businesses. Richmond Asset Finance Ltd want to provide businesses in these sectors with the cheapest option for obtaining finance for these types of equipment.

Some businesses will avoid tying up their working capital by not going for direct purchase and opting instead for a leasing arrangement for construction equipment. This removes the ownership right but does reduce the cost, and gives the business owner the option to provide a final balloon payment to own the asset outright if desired.

Some businesses will simply prefer to enter into a new lease deal for the latest model, removing maintenance and repair costs from their budget and depreciation costs for accounting purposes.

However, other businesses will prefer to own the asset outright, especially if they have invested in a high-quality model that is likely to have a useful working life of many years. In such instances, it can be far more cost-effective to buy rather than lease. Businesses will often make the purchase via a finance agreement rather than taking money from their reserves and introducing a cash-flow risk into the business.

The right finance product provided by Richmond Asset Finance Ltd, can save money and time for the business. The wrong product can leave the business with a liability they wish they didn’t have for several years in the future. For this reason, many businesses are now seeking to work with specialist business finance providers such as ourselves rather than approach high-street banks. This is why Asset Finance has fast become the third most popular finance option since the start of the credit crunch.

We’re specialists in our field and our sole aim is to help businesses find the right finance for their circumstances from loans with fixed repayment schedules to part-funded loans with variable or staged repayment arrangements, all of which offer tax advantages.

So if you need any help or want to ask us some questions then contact us today!

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