Low cost finance now available on all new Krone machines
The schemes, which have advertised profiles over two or three years, can be used for the acquisition of any new Krone machine supplied to dealers by Krone UK Ltd from 1 September 2010 until the end of August 2011, subject to availability.
Example finance advances are limited to 55 per cent of Krone UKs retail list price for the machine with a minimum balance to finance of more than 5,000.
Three specific repayment profiles can be selected by customers over two years or three years, as shown below.
TWO YEAR SCHEME
Repayment profile For deals approved between Customer flat rate
2 + 22 monthly payments 1 Sept 2010 – 31 Dec 2010 0.00%
OR
4 x half-annual payments (1 + 3) 1 Jan 2011 30 April 2011 1.00%
OR
2 annual payments (1 + 1) 1 May 2011 31 Aug 2011 1.50%
THREE YEAR SCHEME
Repayment profile For deals approved between Customer flat rate
3 + 33 monthly payments 1 Sept 2010 – 31 Dec 2010 1.00%
OR
6 x half-annual payments (1 + 5) 1 Jan 2011 30 April 2011 1.50%
OR
3 annual payments (1 + 2) 1 May 2011 31 Aug 2011 2.00%
NB: Alternative repayment profiles can be tailored to suit customers business requirements and cashflow patterns.
Krone Finance has calculated typical payment profiles for the acquisition over two years of a new Krone EasyCut 3210 CV trailed mower-conditioner with a retail list price of 21,345.
Assuming a balance to finance of 11,739.75 after discount and part-exchange, a customer choosing a monthly payment profile would pay 978.45 on signing the agreement followed by 22 further monthly payments of 489.15 at 0% customer flat rate per annum, for deals approved prior to 31 December 2010.
Using the same 0% flat interest rate example, customers preferring to make two annual payments would pay 5,869.88 on signing followed by one further payment of 5,869.87. Similarly, half annual payments at 0% flat rate interest over two years would require 2,934.96 on signing followed by three further half annual payments of 2,934.93.
The following payment profile has been calculated for the acquisition over three years of a new Krone Comprima V150 XC round baler with a retail list price of 33,420. Assuming a balance to finance of 18,381 after discount and part-exchange, a customer choosing a monthly payment profile would pay 1,577.73 on signing the agreement followed by 33 further monthly payments of 525.90 at 1% customer flat rate per annum, for deals approved prior to 31 December 2010.
Using the same 1% flat interest rate example, customers preferring to make three annual payments would pay 6,310.81 on signing followed by two further payments of 6,310.81. Similarly, half annual payments at 1% flat rate interest over three years would require 3,155.43 on signing followed by five further half annual payments of 3,155.40.
The latest Krone Finance schemes are available to UK businesses only through appointed Krone UK dealers and are subject to credit acceptance and approval. Further details and written quotations can be obtained from Krone Finance, Parkshot House, 5 Kew Road, Richmond, Surrey TW9 2PR.
Krone Finance is provided and managed on behalf of Krone UK Ltd by SG Equipment Finance (SGEF), a subsidiary of Socit Gnrale and a leading European financial services company with offices in 24 countries around the world. Based in Richmond, Surrey, SGEFs UK operation provides an extensive range of finance products to customers including farmers, growers, contractors, grounds care professionals, machinery manufacturers, distributors and dealers. SGEF is represented in the field by a network of trained and knowledgeable independent brokers, all of whom are equipped to advise customers on the SGEF finance product most appropriate to their needs and arrange SGEF-funded advances.