New tractor finance option from John Deere

John Deere Financial has announced a new finance programme for UK customers of the company's comprehensive compact tractor range, which includes 1R, 2R, 3R and 4R Series models from 25 to 66hp.

The 1026 compact tractor. Image: John Deere
The 1026 compact tractor. Image: John Deere

Available to business customers until further notice, the offer is for 4 + 44 monthly repayments at an overall flat interest rate per annum of 1 per cent, based on 60 per cent of the recommended retail price.

For example the 1026R (pictured) – the smallest compact tractor model in the range – an initial financed payment of £586.16 would be followed by 44 payments of £146.54, based on a retail price of £11,273 and a net deposit of £2029.20, giving a representative APR (annual percentage rate) of 3 per cent.

VAT can be paid in total on signing a hire purchase agreement, or on each payment on a finance lease scheme.

The offer is "comfortably ahead" of anything else currently on the market, according to John Deere Ltd turf division manager Chris Meacock.

Advanced technology features on tractors in the range include LoadMatch, MotionMatch and SpeedMatch operating modes for maximum versatility in a wide range of tractor applications. There is also a choice of AutoConnect drive-over rotary mower decks and, on selected models, the Hitch Assist system, which makes it easier and safer to couple up implements and trailers to the tractor's rear hitch.

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