New Zealand Launch Offers New Asset Finance Opportunities for Agriculture Customers June 3, 2021 New Zealand businesses have an exciting new option when it comes to funding their new machinery purchases, with this month’s launch of a new lender with a long history in agriculture, construction and commercial vehicle equipment finance. CNH Industrial Capital is the financial services arm of CNH Industrial, one of the largest capital goods manufacturers in the world, and has more than 60 years’ experience offering finance solutions to customers across the agriculture, construction and commercial vehicle sectors. “It’s an exciting chance for our team as there’s rarely an opportunity to launch into a brand new market, particularly one that’s so dynamic and diverse,” said Aaron Bett, Managing Director for CNH Industrial Capital Australia & New Zealand. “We’re confident we have the knowledge and expertise necessary to fulfill the expectations of New Zealand farmers, construction businesses and transport operators and offer them financing solutions tailored to their particular needs.” The CNH Industrial Capital product offering will be launched at this month’s Mystery Creek Field Days at Ōhaupō, with the company working directly with 55 Case IH, New Holland Agriculture, Case Construction and IVECO dealerships across New Zealand. For the local dealers, it’s a chance to offer customers finance assistance from the company that actually manufactures the machinery they’re buying – a manufacturer-operated finance product that allows dealers to offer customers a complete equipment solution that ultimately streamlines the purchasing process. “We know the products sold through these dealerships and we have a real understanding of the industries in which our customers operate and a deep appreciation for the challenges these businesses face at certain times – like changing climatic conditions, fluctuating commodity prices, trade tensions and natural disasters,” said John Gilbert, National Sales Manager for CNH Industrial Capital New Zealand. “In the case of agriculture, our team appreciates the seasonality and unique income cycles of farming operations and the need for flexible payment options that suit a customer’s cashflow. In short, we understand the products we’re selling and what’s required to finance that. “Financing machinery purchases with CNH Industrial Capital spreads cash flow across the life of the equipment and in turn puts cash back into the business. When you have such high variability of returns, cash flow is important for operating. It’s a tough and competitive environment in which our customers operate, and freeing up cash helps them meet these challenges,” John says. In the lead-up to the official launch into the New Zealand market, CNH Industrial Capital has been participating in a pilot program with Giltrap Agrizone, a Case IH dealership in the Waikato/Bay of Plenty region, where customer interest has been high and the first loans have been approved and drawn down. “CNH Industrial Capital know about the challenges, they know farmers and contractors go through good times and bad times, and they’re used to working through these with our customers and driving the most appropriate solutions for them,” said Andrew Giltrap, Managing Director of Giltrap Agrizone. Aaron said the CNH Industrial Capital team understood just how quickly customer circumstances could change and the need for flexibility around the terms of their loan. “We always aim to support our customers through business challenges, reviewing situations on a case-by-case basis and working with them on alternative solutions. We know better times can be just around the corner and our job is to provide the advice, understanding and assistance that’s needed until then.” CNH Industrial Capital has no transaction fees, no account-keeping fees and, unlike many of its competitors, customers can exit their contract early without incurring early termination fees. Aaron said his team was proud of CNH Industrial Capital’s reputation and experience over so many years and was keen to show New Zealand customers just how the company could assist in sustaining and growing their businesses. “We have strong ties to the agricultural, construction and commercial vehicles industries and know what it takes to stay at the top of these markets. Like our customers, we’re always looking ahead and appreciate the need to keep innovating, providing finance solutions that allow them to make the most of their business opportunities. We work hard to ensure we retain the trust and respect of our dealers, and most importantly, our customers, and that commitment is our highest priority,” he said. CONTACT: Media are welcome to visit site C51 at the Mystery Creek Field Days to speak to the CNH Industrial Capital team, where Aaron Bett and John Gilbert will be available for interviews. For more information or inquiries, please contact Kylie Galbraith (Seftons) on 0411 480 208. CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com