Finance makes DMG MORI the easy choice

DMG MORI Finance is enabling UK engineering companies to upgrade their machining technology at an affordable cost. Running in Germany since 2007, its introduction in the UK market has resulted in a step change in the way in which machine tools can be financed.

DMG MORI Finance is in a unique position to understand the needs of manufacturing businesses together with the technical benefits that can be generated through investing in DMG MORI advanced technology, resulting in increased revenue and profits. This highlights DMG MORI’s commitment to be a total solution provider to its customers.

Traditionally a lending assessment is based on historical financial information, with little credence placed on the positive effect of a new machine tool to a business; often this can result in less than favourable terms being offered. The reality of these limitations results in delayed investment and the continued use of old technology and equipment far longer than managers would like. This can have a detrimental effect on competitiveness and make taking advantage of new growth opportunities, which necessitate new machinery, very difficult.

The advent of DMG MORI Finance and its intrinsic knowledge and understanding of the industry has enabled it to take a future related view on machine tool investment. Instead of concentrating almost exclusively on historic financials, DMG MORI Finance is able to place priority on the intended outcome of the investment as it is funded by DMG MORI itself. James Clist, Director – UK Business, DMG MORI Finance gives an example, “We have recently concluded a successful leasing arrangement with a small but very stable subcontractor that has been in the business for over 20 years.

The flexibility offered by DMG MORI Finance played a key role in making the investment affordable. Payments can be structured to match the cash flow from contracts, so arrangements can include no deposit, delays in the start date for payments or payments which ramp up to suit earnings growth.”

Contracts can be written to suit the length of a project so, for example, a three year contract would be matched with a three year leasing agreement; this enables the customer to make an informed choice & “future proof” his business. He can simply hand the machine back, pay the outstanding amount to purchase the machine or he can upgrade to a new different machine to take advantage of the latest developments in cutting techniques and the changing requirements of his company.

In addition to writing contracts in pounds sterling, DMG MORI Finance also has the ability to write leasing contracts in Euros or US dollars, a facility ideally suited to UK customers exporting & collecting income in those currencies. This can make a significant difference, protecting them from currency fluctuations. DMG MORI Finance aims to be fully transparent creating certainty for the customer.

Furthermore, DMG MORI Finance has a clear understanding of the residual values of its machines; this can make the monthly cost highly competitive, enabling companies to install more advanced machinery than would otherwise be possible, while at the same time taking advantage of the expertise of
DMG MORI engineers to automate and innovate processes for maximum productivity, delivering significantly better results than originally envisaged.

Additionally, items such as preventative maintenance can be written into the lease as can equipment such as a rotary 4th  axis or metrology  equipment from a 3rd party supplier, installed as part of the DMG MORI package.

Many companies in the UK have already seen the benefits DMG MORI Finance can bring, allowing them to grow their businesses. Replacing out of date and low productivity equipment brings them right to the forefront of world class manufacturing through the use of highly reliable machines incorporating the very latest advances in metal cutting.