Finance Options

At AgriFinance Hub we pride ourselves in offering leading-edge Asset Finance Solutions. Together with AGRICON we source finance for all assets available at AGRICON. Our service is similar to that of a Bond Originator, we do the legwork and submit the paperwork to the 4 major banks and get comparison quotes, should you qualify we also submit the application to a FSB approved Funder who offer an Operating Lease with ownership ( Rent-to-Own). You can now compare all the rates without having to jump through hoops at each financial institution, making the process of owning your next asset purchased at AGRICON so much easier , you sit back and choose the option that suits you best, either a Bank Loan or Rent-to-Own.

The Rent-to-Own finance option is available only to farmers trading for more than three years with an annual turnover of R2-million or more. For more details about an Operating Lease with Ownership ( Rent-to-Own) read below .

Products available for financing

AGRI 10 PELLETING MACHINE

AGRI 20 PELLETING MACHINE

AGRI 50 PELLETING MACHINE

AGRI 100 PELLETING MACHINE

AGRI 150 PELLETING MACHINE

AGRI 250 PELLETING MACHINE

AGRI 50 PELLETING PLANT

AGRI 100 PELLETING PLANT

AGRI 250 PELLETING PLANT

All of the above options and various other configurations can be customized according to the client’s needs. You are not bound by these configurations and the rent to own option is available for any of Agricon’s products.

The plant layouts may vary and be changed to fit a certain product, power limitation or customer requirement. These options can be discussed with Agricon’s sales team in Bloemfontein on 071-877 3324 or by email to info@agriconrsa.com.

Once a new configuration is finalised, Agricon will be able to provide an adjusted monthly instalment as a rent-to-own option.

  • What is an Operating Lease with ownership ( Rent-to-Own)?      
    An operating lease is a term contract for the use of equipment during a fixed term, with ownership option and the end of term. Product therefore does not reflect in client`s asset register.
  • Why Operating Lease rather than Hire Purchase?
    An operating lease does not affect your balance sheet`s debt ratio, which means it has no impact on your other facilities such as over draft, production loans or bonds , it is Off Balance Sheet Funding.
  • What is value of product at end of term?             
    Value of product is determined by dealership that does trade-in, full value of product belongs to the client, this is the reason ownership option is given on contract.
  • What is benefit of 0% Deposit?
    Creates cash-flow, opportunity cost of capital is important for any business.       
  • What is interest rate?
    Premium is calculated according a fixed rental premium, no interest rate is quoted.
  • How does VAT payment work? 
    Vat is payable monthly on invoice, creating a better Vat claim over term
  • Premium Terms.            
    Premiums are payable monthly or quarterly, normally in advance or arrears depending on client.   
  • TAX Benefits
    Premiums are 100% TAX DEDUCTIBLE as an Operating Expense over term.
  • Can I settle anytime?     
    Yes, settlement can be requested and will be calculated according to outstanding term.
                 
  • Who Pays Insurance and Maintenance?
    The client pays as per normal conditions for hire purchase.

Frequently Asked Questions

  • What is an Operating Lease with ownership?
    An operating lease is a term contract for the use of equipment during a fixed term, with ownership option and the end of term. Product therefore does not reflect in client`s asset register.
  • Why Operating Lease rather than Hire Purchase?
    An operating lease does not affect your balance sheet`s debt ratio, which means it has no impact on your other facilities such as over draft, production loans or bonds , it is Off Balance Sheet Funding.
  • What is value of product at end of term?
    Value of product is determined by dealership that does trade-in, full value of product belongs to the client, this is the reason ownership option is given on contract.
  • What is benefit of 0% Deposit?
    Creates cash-flow, opportunity cost of capital is important for any business.
  • What is interest rate?
    Premium is calculated according a fixed rental premium, no interest rate is quoted, but due to VAT deductions and SARS deductions the nett cost on balance sheet over term is better than Prime rate.
  • How does VAT payment work?
    Vat is payable monthly on invoice, creating a better Vat claim over term
  • Premium Terms.
    Premiums are payable monthly or quarterly, normally in advance or arrears depending on client.
  • TAX Benefits
    Premiums are 100% TAX DEDUCTIBLE as an Operating Expense over term, creating a better tax calculation that normal depreciation and interest claims.
  • Can I settle anytime?
    Yes, settlement can be requested and will be calculated according to outstanding term.
  • Who Pays Insurance and Maintenance?
    The client pays as per normal conditions for hire purchase

To have a representative of AgriFinance assist you, simply provide your contact information below: