Machinery Finance Leader Celebrates 40 years of Assistance to Agriculture Community Sydney, June 11, 2019 Understanding each customer’s requirements and tailoring finance packages to suit is something CNH Industrial Capital prides itself on, with an experienced team who appreciate the unique challenges farmers and contractors face. It’s something the financial services arm of CNH Industrial has been doing for a long time too, this year marking its 40th anniversary as a major lender to the Australian agricultural industry. CNH Industrial Capital today assumes the financing responsibilities for Case IH, New Holland Agriculture, CASE Construction, New Holland Construction, Flexi-coil and IVECO. “This is an exciting year for us as we reflect on how far the business has come since its inception in 1979, while at the same time looking to the future and appreciating the need to keep innovating, to keep working hard for our customers and to keep producing the financial solutions they need to grow and sustain their businesses,” said National Sales Manager for CNH Industrial Capital, Aaron Bett. “Our company has a proud heritage, one that reflects our strong ties to the agricultural, construction and commercial vehicles industries. We are proud of our reputation and we know what it takes to stay at the top of such a competitive industry - we know the markets, we know the equipment and we know our customers.” The team at CNH Industrial Capital also know the challenges so many of their farming customers are facing at present, as dry conditions maintain a grip on large parts of the nation. “The Australian agricultural industry operates in a very difficult market, with variable returns, seasons and income. Dry conditions are just one of the variables impacting so many of our customers at present and we know the impact on farmers, their families and livelihoods,” Aaron said. “Seasons can change quickly, but until they do we will continue to support our customers, reviewing situations on a case-by-case basis. We’re committed to working with them to find a good solution and wherever possible we will let customers ride it out. We know better times are ahead and our job is to provide the advice, understanding and assistance that’s needed until then.” Despite the challenges, the team is also constantly alert to new opportunities for their customers, one of those coming in the shape of the recently-announced Federal Budget. There was some good news for small businesses, with an immediate boost to the instant asset write-off scheme that took the threshold from $25,000 up to $30,000, and increased the number of businesses eligible for the program. Aaron said it was a positive initiative for small businesses such as farming operations, with the ability to immediately depreciate eligible asset purchases offering a host of benefits for businesses, while boosted spending and investment by operators also had broader economic benefits. The CNH Industrial Capital team are always on hand to answer any questions customers have about the scheme and how it can work for their business. As a major lender to the agricultural industry for 40 years, CNH Industrial Capital has a range of flexible finance solutions, all designed to help customers address the challenges and remain abreast of technology advances. “Financing machinery with CNH Industrial Capital spreads cash flow across the life of the machine 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 industry and freeing up cash helps farmers meet these challenges,” Aaron says. He emphasised, too, that CNH Industrial Capital, unlike many of its competitors, allows customers to exit the contract early without incurring early termination fees. CNH Industrial Capital products can also include finance for the service, warranty and maintenance costs of a machine. This means the total cost of ownership for a machinery purchase can be known for the term of the loan. “Our understanding of the need for flexible finance solutions is built upon 40 years in the Australian agriculture industry. Just as farmers understand the need for constant change and innovation within their own businesses, we know we have to maintain that momentum within CNH Industrial Capital to ensure we retain the trust and respect of the people who matter most – our customers,” Aaron said. 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 Contacts: Peter Elias Marketing and Sales Support Manager CNH Industrial Capital Australia Pty Ltd Tel: 1800 807 934