Financing a used tractor

[nickjoky]

You can finance anything in minutes these days, it’s almost too easy. Heck I noticed my 4510 on Craigslist at 9am, called the guy and had a deal in place by 9:05. Had a loan (via my bank thru the Internet) and money in my account by 9:10. Took me longer to hook up the trailer than get a loan.

Getting a loan is simple, Go now.

Opting for reputable online bad credit installment loans with monthly payments you will be able to choose more flexible conditions and less hassle. There are minimum requirements so that almost every borrower has a chance to receive prompt financial assistance and solve their issues. You can get extra funding near time.

 

[Rockbadchild]

my tractor was used from the dealer and I got a good deal it only had 600h. Most loan nowadays can all be done via email especially with covid ... you could also get a line of credit and sign you tractor as collateral for cheaper interest.

Good luck.

 

[EddieWalker]

I spent almost half of last year looking at used tractors. During that time, I saw them increasing in price dramatically. Same tractor, same hours, same dealer, but all of sudden it was $5,000 more!!! Some of the used tractor dealers offered financing, others said to go that everyone goes to the bank down the road, or they find something online. The few times I looked into it, the interest rates where higher then I wanted. It seems that if the tractor is ten years old, they don't want to give you the good rate. If it's newer, then that changes.

I wanted something before Tier4 emissions, and something that could pull a 15 foot batwing, which meant 80 hp at the PTO. The more I looked, the more I liked the 70 hp sized tractors. I have a lot of woods, and my pastures are only a few acres big. I finally realized that 70 hp was plenty, and I could just get a 12 foot batwing instead.

That led me to looking at new tractors that where under the 75 HP limit for Tier4 emissions. Some of them do not have DEF and Regen, which is what I wanted to avoid. All of a sudden, zero percent interest on a brand new tractor became an option. They are more money, but they do not have any hours and abuse on them already, and the monthly payment at zero percent was very close to the payments on those used tractors at 5 to 8 percent.

I'm now waiting for my brand new Massey Ferguson 4707 to arrive at the dealer.

 

[5030]

Financing a used tractor means saying goodbye to anything appearing to be a "good deal".

That covers it. No romance to the finance I always say, but having said that as a bona fide farm we write the interest off as a farm expense anyway. Last one I bought was through Ag Direct with quarterly payments.

 

[coobie]

I spent almost half of last year looking at used tractors. During that time, I saw them increasing in price dramatically. Same tractor, same hours, same dealer, but all of sudden it was $5,000 more!!! Some of the used tractor dealers offered financing, others said to go that everyone goes to the bank down the road, or they find something online. The few times I looked into it, the interest rates where higher then I wanted. It seems that if the tractor is ten years old, they don't want to give you the good rate. If it's newer, then that changes.

I wanted something before Tier4 emissions, and something that could pull a 15 foot batwing, which meant 80 hp at the PTO. The more I looked, the more I liked the 70 hp sized tractors. I have a lot of woods, and my pastures are only a few acres big. I finally realized that 70 hp was plenty, and I could just get a 12 foot batwing instead.

That led me to looking at new tractors that where under the 75 HP limit for Tier4 emissions. Some of them do not have DEF and Regen, which is what I wanted to avoid. All of a sudden, zero percent interest on a brand new tractor became an option. They are more money, but they do not have any hours and abuse on them already, and the monthly payment at zero percent was very close to the payments on those used tractors at 5 to 8 percent.

I'm now waiting for my brand new Massey Ferguson 4707 to arrive at the dealer.

Glad you found the right tractor to fit your needs Eddie.Please post pics when it arrives would love to see it.

 

[cathy liebchen]

Buy it with cash then get a loan