The North American arm of German aq equipment maker Claas has revamped the warranty and financing options it offers on sales of company-inspected pre-owned tractors, combines and forage harvesters.
The new program, dubbed ‘Claas Used,’ will offer warranty protection on certified late-model units in Canada and the U.S., along with lower-rate financing through Claas Financial Services.
The Claas Used program replaces the ‘First Claas Used’ program set up in 2018, which in turn was billed as the “next generation” plan following the Lexion Field Ready Reconditioned program set up in 2011.
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The new program also scraps the First Claas Used system of gold-, silver- and bronze-level classifications on used Claas equipment in favour of a new certified pre-owned (CPO) standard.
The ‘Claas Used’ plan comes as “supply chain disruptions and financial constraints have affected many growers across North America,” the company said Tuesday.
“By combining the superior power and efficiency of Claas machines at a pre-owned price with a one-year protection plan and excellent low-rate financing, growers who take advantage of the Claas certified pre-owned program can have the best of both worlds,” Allen Miller, the company’s remarketing manager for North America, said in Tuesday’s release.
The company will also offer “flexible” protection plans for CPO combines, forage harvesters and tractors under the Claas Used program.
All certified machines to be sold under the program will have been “inspected, repaired and approved based on rigorous criteria by Claas certified technicians,” the company said.
The one-year plan will also provide repairs, done with Claas parts, plus standard one-year drive-train protection with an option to upgrade to a “comprehensive” protection plan.
The level-up plan, dubbed Maxi Care Comprehensive Extended Protection, will be “an optional layer of coverage” for Claas CPO machines meeting the “strictest inspection standards.”
On eligible combines and forage harvesters, the standard one-year plan will provide protection for either a year or 500 hours of use, whichever comes first, with a $500 deductible.
On tractors, the coverage will be for either a year or 1,000 hours of use, whichever comes first, with a $500 deductible — or $250 under the Maxi Care plan.
Eligible CPO combines and forage harvesters must have fewer than 2,500 hours use and be no older than five years of age by machine model year. Eligible tractors must also be no older than five years, with less than 5,000 hours’ use.
Equipment certified under the Claas Used program will be available through the company’s used equipment website. As of Tuesday afternoon, in the CPO category, just three self-propelled forage harvesters are listed for sale on that site, all in the U.S.
For the Canadian market, the company said it will offer a low financing rate on CPO Lexion combines and Jaguar forage harvesters, at zero per cent for the first 24 months up to a maximum financed amount of $450,000. That offer expires Dec. 31 this year.
Claas bills itself as an early adopter of the CPO system for sales of pre-owned equipment, which has given major manufacturers the opportunity to boost their brands’ sales beyond the showroom floor.
John Deere and Agco rolled out CPO programs for their late-model equipment in North America starting in 2014, followed in 2015 by Case IH and New Holland. — Glacier FarmMedia Network
