Machinery Finance Explained

Finance lets you spread the cost of a machine and keep your cash working elsewhere. If you've not financed plant or agricultural machinery before, here's a plain-English guide to how it works — and how to get the best deal.

The main types of finance

• Hire Purchase (HP) — you pay a deposit, then fixed monthly payments, and the machine is yours at the end. The most common route for buyers who want to own the asset.
• Finance Lease — you rent the machine over an agreed term, usually with lower upfront cost. Good for managing cash flow when ownership isn't the priority.

Which suits you depends on whether you want to own the machine, how you account for it, and your cash-flow preferences. A good broker will talk you through it.

What affects your monthly payment

• The amount financed — the cash price minus your deposit.
• Your deposit — a bigger deposit means lower monthly payments and less interest overall.
• The term — longer terms lower the monthly figure but increase the total you pay.
• The rate (APR) — set based on your circumstances; all finance is subject to status.

You can get a feel for the numbers with our finance calculator — drag the price, deposit and term to see an illustrative monthly figure.

Getting the best deal

A few things help:

• Have your figures and accounts ready — clean, organised paperwork speeds approval.
• Consider a larger deposit if you can — it cuts the total cost.
• Don't just chase the lowest monthly payment — look at the total payable over the term.
• Factor in delivery, warranty and any attachments so you're comparing like for like.

A note on figures

Any figure from a calculator is illustrative only — it's not a quote or an offer of finance, and all agreements are subject to status and affordability checks. The real numbers are confirmed once your application is assessed.

Finance with NNVS

We can arrange a range of finance facilities for new and used stock, tailored to you. Browse our machinery for sale, try the calculator, then enquire and we'll sort a package that fits.