New Holland extends finance offers

New Holland has announced it is extending its 0.49 per cent* finance offer across its 25 to 300 horsepower range of tractors and light construction equipment to the end of July.

This includes the compact and subcompact tractors, low- to mid-horsepower T-Series tractors, and across the New Holland Construction range. 

Due to the Temporary Full Expensing incentive, which ended in June last year, New Holland said it experienced a record 2023 in terms of sales, and expects this year’s figures to be much more subdued and a return to normal.

However, dealers are still anticipating fairly strong sales on the back of high demand for hay.

“The stockpile is gone, and prices have doubled for a round bale of hay, so our farming customers are buying tractor and balers for themselves, while the contractors know they are going to be busy and are upgrading their equipment,” said Gavin Dunstan of De Rosa’s Highway Motors in Waroona, Western Australia.

On Trac Ag Director Peter Russell said farmers in Bathurst, Mudgee and Orange were purchasing their own equipment for feed, fodder and silage.

“We’ve had rolling seasons back-to-back for the past three years which is unheard of. There’s a lot of mixed farming across our region; sheep, cattle, livestock grazing, hay production with horticulture and viticulture in some areas,” he said.

“We’re selling a lot of mid-range 100 to 150hp tractors, as well as skid steers and hay and silage equipment, with the offer.

“It’s been a good boost to close the deal, with the rising cost-of-living and tax changes subduing activity a bit.”

Even though the Temporary Full Expensing incentive has ended, the Federal Government has replaced it with a much more subdued Instant Asset Write-Off scheme which has a threshold of $20,000.

New Holland’s extended finance offers include*:

New Holland’s end of financial year offers are now available until July 31, 2024.