Finance deals offered to concerned clubs

Alistair Dunsmuir
By Alistair Dunsmuir September 28, 2011 14:51

Finance deals offered to concerned clubs

Two of the biggest suppliers of golf course machinery have responded to economic concerns by launching finance deals for golf clubs.

Toro turf maintenance machinery distributor Lely UK has announced a trio of new finance deals that enable customers to ‘mow now, pay later’.

Designed to help customers purchase the machines they need to maintain turf to the high standards required, sooner rather than later – and without busting their budget or compromising cash flow – the three deals are:

• Option 1: Buy now and pay April 2012, with a simple interest-free pause to April that sees you pay only the VAT on signing the deal.

• Option 2: A single initial payment, followed by four annual payments. To illustrate, a Greensmaster 3250-D with a balance to finance of £20,000 could be purchased with one payment of £4,000 on signing, followed by four annual payments in 2012, 2013, 2014 and 2015 of £4,000, and with a final payment in 2016. (All figures exclusive of VAT.)

• Option 3: One payment plus 59 monthly payments. (In the above example, this would equate to one payment of £333.33 on signing, followed by 59 further monthly payments of £333.33 and with a final payment in 2016.)

The offer ends on November 21.

Meanwhile John Deere Financial has announced a new interest-free finance programme for this autumn, aimed at all golf clubs in the UK. Under the terms of this latest credit scheme, customers may order any new golf and turf machine from John Deere dealers, at any time from now up until November 30, 2011. The offer is for one plus two annual payments at zero per cent interest, with the amount financed limited to 60 per cent of the recommended retail list price. As usual, other credit profiles are available on request, and the availability of finance is subject to status and to the usual terms and conditions.

The wide range of machines eligible for purchase under this new scheme include John Deere’s new walk-behind greens’ mowers, which were featured on the company’s stand at IOG SALTEX 2011.

Alistair Dunsmuir
By Alistair Dunsmuir September 28, 2011 14:51
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