Under the program, Franna Assure will provide surety for buyback value of up to 48% at the end of five-year contract terms to Franna owners in India.
‘Franna Assure’ provides buyback assurance for crane owners in India, protecting them from losses incurred due to low resale values, resulting in further reduced balance sheet risks. Under the program, buyers have the added advantage of focusing on core competencies by securing services from authorized Franna dealers,” said Mr. Jaideep Shekhar, Managing Director, Terex India Pvt. Ltd.
The buyback assurance enables customers to upgrade from preceding models and range after completion of the tenure via utilizing the buy-back value for the purpose of purchasing a new model with greater capacity.