CNH Industrial Capital Reviews - Financial Lender Pros & Cons


romi-levine writer
By Romi Levine
Updated June 23, 2021
Editor's Rating
Top Rated Yellow Iron Financing
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Overview

CNH Industrial deals in financial services under the head “CNH Industrial Capital”. CNH Industrial Capital is an equipment financing institute that has entered the global marketplace as a financial choice for brokers and customers. Today, CNH Industrial Capital is present worldwide with nearly 25 billion dollars of assets under management across Australia, North America, Europe, the Middle East, Africa, Asia, and South America with a broad spectrum of financial products and services. With over 550,000 customers, CNH Industrial Capital supports some 3,100 resellers worldwide.

Services Offered

CNH Industrial Capital offers financing to both its wholesale dealers and to the retail businesses for acquiring new and used Industrial equipment. CNH Industrial Capital has a wide range of equipment loans and lease services. The financial solutions are listed as follows:

Loans & Goods Mortgage

This is the fastest way to get equipment ownership upon purchase whereas the company holds the mortgage, as a standard procedure, till the end of the loan period.

Finance lease

CNH Industrial Capital offers finance lease services to customers without tying up their working capital. It follows the model of buying equipment for the customer and providing it on rental terms for a set period of time at a fixed amount. At the end of the agreement, the business can purchase the equipment for the agreed remaining value.         

Operating Lease

An operating lease is a simple lease program, that may be completely tax-deductible. The business can return the equipment to the designated dealership at the end of the upgrade period if the equipment is no longer needed. The regular rotation of the equipment enables the business to benefit from the latest technological improvements and efficiency while minimizing the environment.

CNH Industrial Capital offers two options for an Operating Lease:

Rent to Buy

These services are designed for those who are looking for an immediate solution for their non-current asset requirements. The Rent to Buy option allows the customer to get acquainted with the asset they are thinking of buying before making a final decision. 

By entering into a rental agreement the business can begin to maximize its profit while enjoying a flexible end of the period. The duration of this equipment is up to eighteen months. If a business chooses to purchase the equipment at the end of the rental period, they just have to pay residual values. CNH Industrial Capital can make rapid adjustments to the capital needs of the business.

Iveco Active Plus

Active Plus is a service that is being backed by the strength of CNH Industrial Capital,where a business can get a new Iveco on monthly lease that covers both the new Iveco truck and its predefined maintenance schedule. The services includes the following:

Customization Of The TRUCK

Either choose from Iveco’s locally assembled ones or imported heavy-duty trucks models.

Choose The Maintenance Method

Selection of the level mechanical and maintenance services according to your business requirement is so much possible now..

Control Monthly Costs

No more confusion in calculating the money expended to acquire the truck and the amount to be spent on its maintenance as there is only a single monthly cost.

Updation Of The TRUCK

After a couple of years, just get back to the Iveco dealership and have the newest model, Bingo!

Extend Your Warranty

To go the extra mile for its customers, an option to extend the warranty is very much there in addition to Iveco's standard warranties.

Terms and Conditions

CNH Industrial Capital has different terms and rates for its financial services:

Time period is from 12 months to 60 months where the minimum amount is $10,000 and there is no limit to the maximum amount. There are fixed underlying interest rates but the payment structure is flexible and the payment has to be made annually. Moreover, there is a once-off establishment fee of $425 to each new loan that can be paid upfront. An option for balloon payment is also very much there.

In asset loan the customer holds the ownership of the equipment whereas in financial lease CNH Industrial Capital holds the ownership.

Loans & Goods Mortgage

The duration for this service is 12 to 60 months with a minimum amount of $10,000. There is no maximum amount limited which can be a benefit for businesses. The underlying interest rate is fixed for the duration of the borrowing.

Finance Lease

Payment by balloon at the end of the term is optional, the length of this service is from 12 months to 60 months. The customer can borrow a minimum amount of $10,000 and there is no limit on the maximum amount of the loan. There is a fixed underlying interest rate for the term of the lease Payment Structure. Generally, a financial lease is structured with rentals ahead of time, but it offers flexibility with the rental structure so that the business can adapt the commitments to match the cash flow.

Rent to buy

A tenancy is required after every 12 months. CNH Industrial Capital owns the leased equipment. The fee includes an establishment fee of $425, without a permanent monthly fee.

Operating lease

The residual value is agreed upon in advance. At the end of the lease, the business must cover the residual value plus the value of the GST. The duration of the loan is from 12 months to 60 months without a maximum limit and unlimited interest rate. The underlying interest rate is fixed over the life of the rental payment structure. Typically, an operating lease is structured with rentals in advance but offers flexibility with the rental structure so that the business can tailor its commitments to balance the cash flow. 

The Bottom Line

CNH Industrial Capital has a proud legacy showing its profound connection with the agriculture and commercial vehicle industry. Its commitment to offer flexible terms to its customers makes things easy. It provides easy to use financial products and services that are a huge support to their business. The company recognizes the need of businesses for flexible financial solutions and provides tailored solutions to meet customer requirements.

CNH Industrial Capital works hard to understand its client, his goals, challenges, and prospects. The company offers  flexible solutions to help businesses grow.

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