Tractor Financing Options
Tractor financing options include equipment loans, personal loans, dealership financing, and manufacturer financing.
Equipment loans can be used to purchase new or used tractors, with the tractor itself acting as collateral.
Personal loans from a bank or credit union are another option for financing a tractor.
Dealerships and manufacturers also offer competitive financing options for purchasing tractors. These options provide flexibility and affordability to meet the needs of farmers and small business owners.
Tractor financing rates can start at 5% per year and may vary based on credit, time in business, and other factors.
The maximum amount that can be financed for a tractor varies depending on the lender and the specific financing program. For example, the USDA guarantees loans of up to $1,750,000 with terms between one and seven years.
Other sources mention that most farm equipment lenders can loan up to a quarter-million dollars, while dealership financing options may have a maximum amount financed ranging from $2,500 to $75,000.
Lenders also provide fixed and variable rate options with terms from 2-7 years and amounts financed above $10,000.
Therefore, the maximum amount that can be financed for a tractor can range from a few thousand dollars to over a million dollars, depending on the lender and the borrower's qualifications.
If you need any further help or have any questions about service, tractors, implements, or anything else equipment-related, please contact your dealer, local mechanic, or call us at 602-734-9944. Please ask about our current new and used tractor supply.
If you are looking for old, vintage, classic, or new tractor parts, send us a part request.
Team Tractor Ranch - #1 Tractor Dealer in Arizona. We sell and service most major brands of tractors including Yanmar, Kubota, John Deere, TYM, Mahindra, Kioti, Case, New Holland, Massey Ferguson, Ford, Deutz, Case IH, Farmall, International Harvester, Branson Tractors, LS, Shibura, Claas Tractor, McCormick Tractors, Valtra, Solis, YTO, Montana, and Nortrac.
