AGCO Finance, partner No. 1

Since this March, the AgroCentre Company has been offering Russian farmers a prompt and affordable leasing scheme from AGCO Finance. Together with the Kursk branch of AgroCentreLiski, the AGCO Finance Company presented its financial product and provided detailed information about the features of this new service.   

 

AGCO Finance LLC resulted from the merger of the AGCO Corporation and the De Lage Landen leasing firm. The company offers cost-effective leasing programmes for acquiring the complete range of AGCO products and trailing equipment from other suppliers.

“Our principal task is to become partner No. 1 for AGCO dealers in Russia,” says Yevgeny Astashkin, AGCO Finance LLC sales director. “Today we are prepared to offer convenient high-quality financial services that can help create profits.”

The company offers a prompt and competitive leasing scheme for up to 5 years to enterprises of any kind of ownership, including farming cooperatives and private enterprises. The minimum advance payment is 15% of the cost of self-propelled equipment, 30% in case of towed vehicles and 25% in the self-propelled + towed combination. The funding is provided both in hard currency (euros, US dollars) and roubles at a fixed interest rate. 

Practice shows that leasing is now a preferred option for farmers who cannot quickly get a loan are seeking prompt leasing without bureaucratic rigmarole.

The processing time for an application at AGCO Finance depends on the total leasing value. On average, the decision takes a day or two! The most convenient payment schedule is chosen for the customer. This can be seasonal, monthly, quarterly and in equal or diminishing installments. Additionally, the contract may include a warranty and servicing extension. It is possible to provide funding for second-hand equipment.

The company also proposes specials offers and seasonal discount sales. At present, the Spring-2014 (1-2 quarters) programme is underway. This covers Challenger MT700 and MT800 caterpillar tractors, the Challenger RoGator and Spra-Coupe sprinklers, as well as Challenger seeding and tilling machines. All this equipment is available for up to 5 years with a down payment of 20 to 30 percent of its cost.

“Our special offers and programmes enable the dealers and customers to plan their financial flows on a long-term basis,” says Yevgeny Astashkin. “We invariably seek the optimum funding schemes. We’d like to explain to our farmers that leasing is also subject to subsidies, just like loans. Many don’t know this!”    

In addition to consulting, the AGCO Finance specialists are ready to negotiate with customers and hold training sessions for specialists of the dealer sales departments. Starting this summer, a unique interactive application, known as the AGCO Finance Calculator, will be made available to dealers. Using this tool, equipment sellers will be able to independently calculate the leasing payments, establish schedules and prepare other options.