August 16, 2009
TAX BREAK LEADS TO EARLY UPGRADE
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The Federal Government's recent tax breaks combined with fast finance approvals from CNH Capital, the finance company behind Case IH, have made it possible for New South Wales farmer Ian Coxhead to upgrade his equipment sooner than originally planned.
Ian and his brother, Bruce, along with their wives, Elizabeth and Wendy, jumped on the opportunity provided by the tax breaks to replace their two Case IH MX100C tractors with two brand new Maxxum 110 tractors. The tax breaks will potentially save the Coxheads' mixed farming business approximately $30,000 on the purchase.
"The MX100C tractors still had a lot of life left in them and we planned to upgrade them in 12 to 18 months, but when these tax breaks were announced we decided to do it straight away," explained Ian. "It's fantastic to be able to get into new equipment like the Maxxum 110s, which are more fuel efficient, comfortable and easy to use than our older tractors. I rarely get to operate the new tractors, though, because my wife always gets there first!"
Having easy access to fast, no-fuss finance helped simplify the Coxheads' equipment purchase. CNH Capital customers since the mid 1990s, Ian says the family chooses CNH Capital for the competitive rates, outstanding service and convenience.
"Our local dealership, Cornish's Tamworth, is a one-stop-shop for equipment and finance and they're really great at explaining everything fully and helping you choose the best option. The rates are very competitive and the application and approval process is so easy: why would we waste our time shopping around?" said Ian.
"CNH Capital is an agriculture specialist, which means they understand our needs and they're always happy to tailor our repayments to our income cycle. They're great to deal with and take the hassle out of organising finance for new gear. The finance is always approved within a couple of days, which usually means we've settled the finance before the machine is ready for delivery."
The Coxheads have opted for a Goods Mortgage on the new Maxxum 110 tractors and have also accepted an offer from CNH Capital to set up a line of credit for future purchases.
