Financing Financing options for personal use

[alia176]

What financing companies give tractors for personal use (vs ag use)?

I called AgDirect and they all only insure equipment for Ag use. Searching on "finance" produces too many hits!

 

[kenmac]

What financing companies give homeowners loans for new or used tractors?

I called AgDirect and they all only insure equipment for Ag use. Searching on "finance" produces too many hits!

Personally, I pay cash for my stuff. If you must finance, most of the tractor manufactures offer financing for a new tractor

 

[Timm250]

Depending on where you live Farm Credit is a good option. They usually have good rates & service.

 

[alia176]

Personally, I pay cash for my stuff. If you must finance, most of the tractor manufactures offer financing for a new tractor

Yeah I do the same but my money is doing well in the market I'm looking for non dealer/manufacture financing options.

Depending on where you live Farm Credit is a good option. They usually have good rates & service.

Thanks, let me look into it.

 

[kenmac]

Yeah I do the same but my money is doing well in the market I'm looking for non dealer/manufacture financing options.

I'm not talking about your investments. I'm talking about the $$ you keep in your savings (liquid cash)incase, you find something you want to buy

 

[RoyJackson]

If you have the money for a cash purchase (without wiping out your savings), do that.
But, like most of us, we don't have the tens of thousands required for a purchase.
Deere offers pretty good rates (I've financed three tractors and a UTV through Deere), so do check dealer financing on a new or used tractor (if purchased from the dealer).
If a private sale...you might consider a home equity loan...

 

[kenmac]

If a private sale...you might consider a home equity loan...

I wouldn't . If you have to finance. I would buy new and finance through a dealer. If you can't make the payment , they only take the tractor. Not the house

 

[GManBart]

AgriCredit is another option....they say they finance everything down to hobby farmers working a few acres.

 

[alia176]

AgriCredit is another option....they say they finance everything down to hobby farmers working a few acres.

AgriCredit doesn't deal with individuals, only with dealers. Mahindra uses AgriCredit and I was trying to find a lower interest rate.

 

[arnoldziffel]

About how much money are we talking?