The economic climate might not look quite so gloomy, but it's still tough out there. So it's good news that distributor Lely UK has launched four flexible finance options for golf clubs and others buying its new Toro equipment and TYM tractors.
The plans are designed to help customers buy the machinery they need without compromising cash flow at a challenging time. With four options from which to choose, customers can find the most economical and manageable funding route to suit their own particular needs. The new deals are:
• Option 1: Buy now and pay later. A simple interest-free pause until April 2014. All customers pay at the time of purchase is the VAT.
• Option 2: One payment at the time of purchase and one annual payment. The first is paid, along with the total VAT, on signing the deal, followed by one further interest-free payment a year later.
• Option 3: One payment at the time of purchase followed by four annual payments of capital with a final payment in month 60. For example, the Groundsmaster 3250-D has a net price to finance of £28,700, plus VAT. Finance customers can enjoy the machine straight away with five annual payments of £5,740, the first due on signing, and the final payment in month 60 of £3,874.50.
• Option 4: One payment at the time of purchase followed by 59 monthly payments of capital with a final payment in month 60.
With both options three and four, customers can buy on a hire purchase (HP) agreement, in which case VAT is payable in full when the agreement is signed. For those opting for a lease agreement, VAT is payable on each payment.
Jeff Anguige, Lely's Toro UK sales manager, says: "Our annual range of payment plans suits most clubs and budgets, and allows clubs and others to match cash flow to expected business benefits. They provide clubs with the opportunity to invest in the best turfcare equipment available, to ensure their course is maintained to the highest standards. And there is no better time to buy."
The deals are available until 15 November 2013.