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Category: Finance

FINANCING FARM MACHINERY

For Irish Farmers or Agricultural Contractors paying cash for a tractor or machine can be a significant drain on your working capital. Leasing the tractor or machine, however, gives you access to the asset without paying for it all at once. All forms of leasing are basically rental agreements giving you (the lessee) the right [...]

Leasing and hire purchase explained

Introduction
Many Farmers and Contractors today are confused about hire purchase and leasing, What,s the difference? How can I claim back VAT ? How do they show in my account ?
The acquisition of assets – particularly expensive capital equipment – is a major commitment for many businesses. How that acquisition is funded requires careful planning.