Kubota UK has launched a bespoke finance solution for its range of market-leading and high performance construction machinery, further boosting its commitment to increase customer value.
The company has joined forces with BNP Paribas Leasing Solutions to introduce Kubota Finance, which is designed to provide customers with the most flexible and competitive financial packages available on the market.
Neil Winfield, Construction Business Development Manager at Kubota, said: “The launch of our own bespoke finance packages means we can now offer highly competitive, secure and tailor-made financial solutions to our customers. This is all about enhancing our service offering by providing our dealers with the means to support customer investment using tailor-made finance solutions.
“Ultimately, the aim of Kubota Finance is all about giving end-users better and more affordable access to Kubota machinery. We launched the solution across our Agricultural and Groundcare machinery divisions last year and the feedback we have received to date has been excellent. We are therefore delighted to now be rolling this out across our range of mini-excavators and construction equipment.”
Kubota’s customers can choose between four finance packages: Hire Purchase, Operating Lease, Contract Hire and Finance Lease. Each option offers unique benefits for total flexibility.
Hire Purchase is designed to put customers in complete control, deciding how much deposit to set down, how long the contract lasts and the value of their regular payments. At the end of the contract, customers own the machinery and they also may be able to claim the value of the machinery as part of their Annual Investment Allowance, reducing tax liability.
Operating Lease reduces the risk for customers that don’t wish to own the machinery at the end of the agreement. This minimises upfront and total costs. Contract Hire is similar to Operating Lease but has the added benefit of including service and maintenance with the periodic payments.
The final option is Finance Lease, which helps keep rental payments low and avoid a large upfront deposit by allowing customers to spread the VAT cost over the term of an agreement. These payments can also be normally offset against taxable profits, making this an efficient option*.
“By working in partnership with BNP Paribas Leasing Solutions, it gives our customers peace of mind that Kubota Finance is backed by one of Europe’s leading banks,” continued Neil. “We also want to make it easy for our dealers to stock and sell Kubota machinery, whilst also supporting the long term growth of their businesses, and the launch of this new service is designed to do exactly that.”