Farm Equipment & Machinery Finance
When it comes to keeping your agriculture business operating at optimal performance, the right equipment is essential. Whether you need to upgrade your existing farm machinery or purchase new equipment to meet growing demands, our farm equipment financing and leasing options offer practical pathways to acquire the equipment you need without bearing its full upfront cost. In addition, depending on your location and the type of equipment financing arrangement, you may be able to enjoy unique tax incentives that can further lower the total cost of ownership making financing a very attractive option.
Farm Equipment & Machinery Finance: Leasing vs Buying Equipment
There are a variety of farm equipment financing options available, including loans, lease options, and hire purchase agreements. Loans are a traditional and popular form of financing that involves borrowing a lump sum from a lender and repaying it over a set period with interest. Transparent Loan Conditions can be used to finance a variety of equipment, from tractors to irrigation systems. In some cases, they are backed by government agencies and offer special tax benefits such as depreciation.
Lease and hire purchase agreements are another form of equipment financing that allows you to acquire and use the equipment you need at a monthly payment that fits your cash flow. This can be particularly useful when you want to expand your operations but don’t have enough capital on hand, or when you require the equipment to complete an urgent project. In some cases, you can also negotiate bespoke payment profiles to better match your seasonal cash flow and make the payments more affordable.
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