Guide to Financing Plant Machinery |
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Plant & Machinery - gaining a competitive advantage through financing
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If you are a producer, you need sophisticated equipment and technology producing maximum productivity. Company owners in industry, the building trade and agriculture know that the latest plant and machinery can provide a decisive competitive edge. Whether you are acquiring heavy equipment, construction equipment, printing machines, plastics machines, agricultural machines, machine tools, the costs can be considerable. |
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What are your options?
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Cash Purchase.
It may be easier to negotiate improved terms when paying by cash but
there are other important implications that need consideration. What
happens if the equipment becomes outdated? How will the assets be
maintained to ensure they remain in good working condition,and will there be potential for you to re-market the equipment if and when you want to sell
it? Manufacturer sales aid finance. Due to the large values involved when purchasing heavy plant and industrial machinery, many manufacturers provide their own sales aid financing plans to help businesses purchase their equipment. This can often be attractive to customers as its easy to arrange, but make certain you understand the true cost of the arrangement. Additional services, warranties and maintenance contracts can significantly bolster the selling price, generating additional revenues for the manufacturer over and above the cost of the equipment itself. For this reason, you may want to consult an independent asset finance professional. Asset Finance. Your asset finance provider should act as an additional resource, working on your behalf during the buying process. From validating the supplier, to placing the equipment order on your behalf, to ensuring the equipment is commissioned correctly and beyond. Spreading the cost of these types of assets over their useful working lives makes sound economic sense, allowing investment in other key business areas. Predictable fixed payments provide for easy budgeting and you can relate benefits from the equipment to costs. |
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