In the conditions of the financial crisis, the purchase of agricultural machinery through a lease agreement is practically the only way to expand and renew the equipment fleet. To a greater extent, this applies to those agricultural enterprises that have already firmly established themselves in the market of agricultural producers and cannot afford to allow downtime in their work. Equipment on lease allows you to update funds without withdrawing large sums of money from the company's turnover.
Terms of registration and conclusion of a lease agreement
To conclude a contract, a list of the following documents is required :
- Directly an application from an agricultural producer to a leasing company. These applications, as a rule, can be downloaded or filled out directly on the website of the organization-lessor.
- A full package of constituent documents (Certificate of registration, INN, PSRN, Charter of the enterprise and an extract from the Unified State Register of Legal Entities).
- Copies of accounting statements for the previous 3 years of the enterprise. You can submit these documents as a scanned version.
- Information on the turnover of funds from the bank where the accounts are opened, as well as information on loan debts (if any) are also provided.
- A number of leasing companies are also requesting copies of current business contracts.
After the lessor checks the package of documents, approves the application, and the parties sign the contract, the agricultural company must make the first payment (prepayment). Standard terms of the contract assume an advance payment of 20-30% of the contract amount. But this applies only to liquid agricultural machinery, that is, the one that is in demand. This technique includes all types of self-propelled and trailed equipment (tractors, sprayers, combines). All agricultural machinery of narrow branches of agricultural production (for example, agricultural machinery of the sugar industry, or equipment that is specially mounted) can be classified as illiquid. An advance payment upon registration of a lease agreement for such equipment can be up to 50%.
Thus, having received agricultural machinery at its disposal, an agricultural enterprise actually leases it from the lessor. There is also a positive point in this. Since the ownership does not pass to the agricultural enterprise until the debt is paid off, the leasing company also pays the property tax. Debt repayment under the lease agreement can be made at the choice of the agricultural enterprise. Payments can be made monthly, quarterly. Seasonal debt repayment is also provided for operating enterprises. These conditions must necessarily be reflected either in the agreement or in the annex to the lease agreement.
Currently, more and more enterprises of the agro-industrial complex turn to the services of leasing enterprises, purchasing agricultural machinery. Unlike a bank, the lessor has the ability to build a flexible system of interaction with the client: reduce the amount of the advance payment or increase the term of payments under the contract. According to clients, the amount of interest on leasing agreements for agricultural machinery compares favorably with the terms of loans provided by banks.
