John Deere Financial has announced a new finance programme for customers of its compact tractor range in the UK.

This includes the 1R, 2R, 3R and 4R Series models with power outputs from 25 to 66hp. Some models also have a choice of AutoConnect drive-over rotary mower decks and, on selected models, the company’s award-winning Hitch Assist system, which makes coupling up implements and trailers to the tractor’s rear hitch quicker, easier and safer.

Available to business customers until further notice, the finance offer is for 4 + 44 monthly repayments at an overall flat interest rate per annum of only 1 per cent, based on 60 per cent of the recommended retail price. Using the example of its smallest model, the 1026R, John Deere Financial says that 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 of just 3 per cent. The VAT can be paid in total on signing a hire purchase agreement, or on each payment on a finance lease scheme.

“This tractor finance offer is ahead of anything else currently available on the market,” says John Deere Limited turf division manager Chris Meacock. “Financing new equipment in this way can help any business to forecast and fix its capital investment costs, while also taking advantage of the latest available technology.”

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