New Holland is encouraging farmers to lock in machinery purchases before the end of the 2022-23 financial year.
As interest rates continue to rise, increasing potential costs for both customers and businesses, New Holland is urging farmers to take advantage of tax incentives and finance offers until June 2023, easing financial burdens in the long term.
New Holland national sales manager Aron Shelly says there is plenty of stock available across the company’s range of tractors and balers at a rate that is not to be repeated this year.
“New Holland dealerships are offering great EOFY deals across our wide range of compact and subcompact tractors, low to mid horsepower T-Series tractors, plus our renowned round and large square balers,” he says.
“In an environment with external pressures and rising interest rates, some of these pressures on farmers can be alleviated through New Holland’s finance offers.
“They can lock in the cost of a new machine for a competitive weekly or monthly repayment period.”
New Holland says it has seen a huge response from customers who are purchasing new machinery and planning 12 months in advance.
“We’ve seen demand start to increase for machines coming in, taking advantage of the government tax incentives which end 30 June 2023,” Shelly says.
“From a financial standpoint, it’s a good time to lock in the rates which end in June 2023, giving our customers greater certainty before the government instant asset write-off and incentives end.
“We want to give our farmers the choice to do what’s in their best interest, in discussion with their accountant or financial advisor.”
New Holland’s current finance offers include:
- Finance rate of 0.95 per cent across its range of tractors and balers.
- Customer Mastercard cashback now available on a wide range of New Holland compacts and T-series tractors (up to $3,000 in value)
- $20K Travel giveaways for New Holland customers (Win 1 of 5 travel vouchers valued at $20,000)
Terms and conditions apply to each offer and are available through New Holland.
New Holland Australia and New Zealand general manager Bruce Healy says the dealerships have continued to order stock for customers and for availability on the dealership floor.
“Our dealers currently have stock both on the dealer floor and on the way, to ensure farmers can take delivery of their tractors before June 30th,” he says.
“The New Holland EOFY financial offer and customer incentives aim to ease the interest rate pressures felt by our farmers and reward them at a time investment allowance is set to end.
“Now is the best time to secure a New Holland tractor and baler deal and we are excited to give back to our customers.”