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Golf Financing

Golf Financing

Dedicated to Your Course

At John Deere Financial we are committed to providing the right financing solution for your Golf Club. That’s why we offer a full range of financing choices including innovative leasing and rental options that can include servicing and extended warranty plans.

You want the best for your course and that means mowing equipment you can rely on. Our finance solutions can be tailored to your individual cash flow needs and provide you affordable ways to maintain a reliable and up to date fleet of premium mowing equipment.

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Hire Purchase

You pay the VAT due on the equipment at the outset and make regular fixed repayments over an agreed period. Once all repayments have been made you have the option to become the owner of the equipment.

For tax purposes you are treated as the owner from the outset of the finance agreement and can therefore claim any capital allowances available.

You are responsible for the maintenance and insurance of the equipment.

Key benefits of Hire Purchase:

  • The Certainity of fixed term finance which can be withdrawn only if you do not keep to the terms and conditions of the contract.
  • The regular nature of repayments, and fixed interest rate, makes budgeting easier.
  • A cost effective way to fund acquisitions by spreading the cost over a fixed term.
  • Straightforward form of financing which leaves you in control of both the used equipment value and the claiming of capital allowances.

Finance Lease

Although you never gain ownership of the equipment, a finance lease is similar to hire purchase in that you make regular fixed repayments over an agreed period, fully paying the cost of the equipment. A key difference though, is that VAT is payable on each lease payment rather than paying the full VAT due on the equipment at the outset of the agreement. At the end of the primary leasing period a nominal 'secondary lease period' annual payment is charged for continued use of the equipment. Alternatively you can arrange for the equipment to be sold to an unrelated third party for which you will receive the full sales proceeds.

Another key difference to the hire purchase option is that whilst you cannot claim capital allowances, you are able to offset the lease repayments against any taxable profit.

You are responsible for the maintenance and insurance of the equipment.

Key benefits of Finance Lease:

  • Certainty that the finance agreement cannot be withdrawn as long as you continue to abide by the terms and conditions of the contract. This contrasts with bank overdrafts which are repayable upon demand.
  • The regular nature of repayments, and fixed interest rate, makes budgeting easier.
  • A cost effective way to fund acquisitions. Using a traditional bank overdraft to fund equipment purchases can result in a growing hardcore of debt that can prove more costly to your business in the long run.
  • Enhanced business cash flow with the ability to spread VAT across the life of the lease agreement.
  • A straightforward form of leasing which leaves you in a position to control the used equipment value.

Operating lease

Operating lease* is different to both hire purchase and finance lease options in that you do not repay the full value of the equipment over the rental period. You enjoy lower rental payments, paying only for what you use, rather than the full cost to purchase the equipment. At the end of the rental period you return the equipment.

Like the finance lease option though, VAT is payable on each rental rather than at the outset of the agreement. Although you cannot claim capital allowances, you are able to offset rental payments against any taxable profit.

Key benefits of Operating Lease:

  • Certainty that the rental agreement cannot be withdrawn as long as you continue to abide by the terms and conditions of the contract. This contrasts with bank overdrafts which are repayable upon demand.
  • The regular nature of repayments, and fixed interest rate, makes budgeting easier.
  • A cost effective way to fund acquisitions. Using a traditional bank overdraft to fund equipment purchases can result in a growing hardcore of debt that can prove more costly to your business in the long run.
  • Enhanced business cash flow with lower payments than with hire purchase or finance lease and the ability to spread VAT across the life of the rental agreement.
  • None of the uncertainty and effort associated with remarketing used equipment and the opportunity to develop a more planned equipment replacement cycle, ensuring you can benefit earlier from the latest productivity enhancing technology.

Contract Hire

Contract Hire** is different to both hire purchase and finance lease options in that you do not repay the full value of the equipment over the rental period. You enjoy lower rental payments, paying only for what you use, rather than the full cost to purchase the equipment. At the end of the rental period you return the equipment.

Like the finance lease option though, VAT is payable on each rental rather than at the outset of the agreement. Although you cannot claim capital allowances, you are able to offset rental payments against any taxable profit.

John Deere Financial Contract Hire** is an Operating Lease that also includes a professional maintenance package.

Key benefits of Contract Hire:

  • Known running costs. Extending the principal of fixed interest costs, this type of agreement goes further and fixes all equipment usage and servicing costs for your business.
  • Lower repair costs with preventive maintenance. Although a dealer maintenance plan will not cover the cost of repairs outside warranty, the likelihood of a major breakdown is reduced with more regularly maintained equipment.
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John Deere Parts

John Deere Parts

Your equipment operates in a tough environment. Breakdowns do happen. Why not purchase some peace of mind by choosing a contract hire solution that adds a professional dealer maintenance package to your operating lease and utilizes genuine John Deere parts !

* Operating lease options are offered through select dealerships on a select range of equipment.

** Contract Hire options are offered through select dealerships on a select range of equipment.

Make sure to ask your Local Dealer for availability.