Hire Purchase Solution reduces operational costs for Agricultural Contractor

An agricultural contractor contacted their bank to arrange asset finance on two pieces of equipment but was declined due to the age of the assets. Breadalbane Finance was quickly able to place the assets with a funder that was delighted to support the client’s growth plans.


A valued Accountancy contact asked Breadalbane Finance if we could assist one of his clients, an Agricultural Contractor looking to buy a Telehandler and Excavator on Hire Purchase. Although his Bank had helped him with a previous purchase, they were not interested in these transactions because the equipment was more than 5 years old.


The Client already had the work lined up for the machines and was currently renting equipment. He realised he could dramatically reduce monthly outgoings if he could arrange Hire Purchase on the Equipment he had identified. However, he operated as a Sole Trader and had only been in business for 18 months. That, combined with the age of the equipment, limited the number of funders who would have an appetite for the deal.


Our experience in the market allowed us to quickly identify a funder who is comfortable lending to Sole Traders and had already demonstrated the ability to fund older equipment.
By utilising our strong relationship with that Funder we were able to get an approved offer of Hire Purchase to the client within 48 hours of receiving all of the relevant information for the deal.


Having paid a 50% deposit to his Bank of the previous deal, the client was delighted that we were able to negotiate him a 10% deposit, hence reducing the initial demands on his cash flow.
The monthly repayments were approximately half of what he had been paying when renting equipment for the same job, providing a boost to both cash and profitability.

What the client said

“I’m very glad that I was introduced to Breadalbane Finance. As well as finding me a solution that saved me money and allowed me to own assets, they have provided me the chance to build up a decent credit profile as I grow my business. I will definitely use Breadalbane Finance to arrange any future purchases.”

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