Product category:
Manufacturing finance: production investment support
News Release from: 600 Group | Subject: Smart Finance - for machine tools
Edited by the Manufacturingtalk Editorial
Team on 27 May 2003
Machine tool technology acquisition
simplified
The UK's largest machine tool company has introduced a concept in asset finance that allows acquisiton of latest machine tool technology while maintaining or lowering monthly outgoings.
The UK's largest machine tool company 600 Group today announces the introduction of Smart Finance, a new concept in asset finance through which customers can increase their profits by acquiring the very latest in machine tool technology while maintaining or even lowering their monthly outgoings With the new Smart Finance approach, operators can quickly enjoy the productivity benefits of installing the latest technology machines from class leading manufacturers such as Colchester, Electrox, Fanuc, Harrison, Okamoto etc
This article was originally published on Manufacturingtalk on 31 Jan 2008 at 8.00am (UK)
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If customers are already paying for existing equipment then there is a good chance that a new 600 Group machine can be installed with no deposit, without increasing monthly payments and, in some cases, possibly even reducing payments.
The Smart Finance method is simple.
The customer's total monthly finance outgoings are calculated and consolidated into one single, convenient loan with a favourable rate of interest.
Payment holidays can be included, while the loan is as flexible as customers want it to be, with a solution to suit everyone and up to 60 months to pay.
600 Group Product Strategy and Marketing Director, Dr Stephen LeBeau, says: "Smart Finance is the most advanced and flexible financial tool within the machine tool sector and it really does unlock the potential for customers to upgrade capacity without increasing monthly outgoings.".
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