LS Mtron Launches 'LS Dream' Tractor Residual Value Guarantee Lease Program

[Asia Economy Reporter Jeong Hyunjin] LS Mtron announced on the 1st that it has launched the lease program "LS Dream (LS does everything for you)," which allows the use of tractors without an upfront payment burden and guarantees residual value in used transactions.

LS Dream is a lease program (FMV Lease1) that guarantees the residual value of tractors. LS Mtron explained, "It is the first lease program in the domestic agricultural machinery industry that guarantees the residual value of tractors." Previously, farmers had to pay 20% upfront because only 80% of the purchase price was available as a loan when purchasing tractors, which was a burden. However, with this program, tractors can be purchased without an upfront payment.

Also, the existing loan method allowed financing for only one tractor, so additional tractor purchases could not be financed. But through this program, even if there is existing financed equipment, additional purchases are possible through LS Dream. Loans of up to 150 million KRW are available.

The contract period for tractors under LS Dream is five years, and after the period expires, customers can choose to either purchase or return the tractor. The residual value is set at 30% based on the consumer price, and customers can acquire the tractor they have been using by paying the residual value either as a lump sum or in two annual installments. It is also possible to return the tractor and use another tractor through LS Dream. Eligible models include the MT4, MT5, and XP series EDPS/SPS.

These tractors are equipped with a remote management system (iTractor2) that allows remote monitoring of the tractor’s condition, and this information is transmitted in real time to both the seller and the user (customer). Through this, customers receive maintenance timing alerts and can easily schedule inspections via text or phone reservations. LS Mtron is also conducting launch events such as supporting communication fees for five years exclusively for customers who purchase tractors through LS Dream.

For inquiries about LS Dream, contact LS Mtron sales offices and dealerships nationwide, the call center, or the domestic sales headquarters.

This content was produced with the assistance of AI translation services.