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For many of us the purchasing of a new or used car is one of the most significant financial transactions we will carry out during our lifetime. Deciding on how best to pay for this purchase can be a challenge. The questions can include: Should I use my own savings? Should I borrow some or all of the cost from my own bank or credit union? Is there a funding solution available at the dealership?

Farmhand Ltd. has announced the commencement of a strategic partnership with First Citizen Agri Finance. The aim of this partnership is to offer more finance options for Irish farmers purchasing machinery from Krone or Amazone.

As an Agri or Equipment supplier, you may be considering to offer your customers repayment options on your products. This is how First Citizen Finance can help your business.

While the company name First Citizen Finance might have been registered in October 2012, the story, management and success of this company spans over three decades. The company, born from an MBO during the chaotic days of the last recession, has proved it can stand on its own...

Speaking today, Chris Hanlon, founder and Managing Director, said that the securitisation had been well supported by institutional investors; “The Investors, most of whom had invested in prior placements identified the strong management engagement through the Pandemic. It also attracted interest from larger investors. This is good news for the Irish motor industry and the strong response testifies to the confidence in the underlying strength of that market. There are over 2.2 million passenger cars on the road and they will need replacement over time. The replenishment period means that we can tap into additional funds through next year without having to organise a full new securitisation.”

A constant demand on any business is the requirement for investment. This demand is driven by the need for growth, adaptation to changing market demands and competitive forces challenging market share.