financing a used tractor

/ financing a used tractor #1  

coryip

Member
Joined
Feb 26, 2004
Messages
31
Location
ny
Tractor
deere 4200 hst
I am shopping for a good compact, new or used. i understand most of the new tractors have some nice financing options but i have also found a few deals on some used CUTs and was wondering what options are available for financing a used tractor at a reasonable rate.
thanks
 
/ financing a used tractor #2  
Buying from a dealer? Ask them about their financing. Deere does reasonably well on used machines.
Private owner sale? Depending on how much you'll need to finance, a personal loan or home equity might be the way to go.
When I bought my older Deere 670, I tried the bank but they don't consider used tractors a good risk (my bank didn't, anyway). I ended up financing through the dealer.

As far as interest rates...they change pretty frequently so I wouldn't venture a guess.

Personal opinion...the Home Equity loan or line of credit. That's probably going to be the best interest rate and you can deduct the interest or at least part of it.
 

Marketplace Items

2022 John Deere 317G (A64126)
2022 John Deere...
GREAT PLAINS 3P600-0975-03 SOLID STAND SEEDER (A64280)
GREAT PLAINS...
2017 FREIGHTLINER CASCADIA TANDEM AXLE SLEEPER TRUCK (A59904)
2017 FREIGHTLINER...
KBH Tender Trailer (A63688)
KBH Tender Trailer...
2012 Isuzu NPR HD w 5.2L 4HK1-TC Turbo Diesel (A63689)
2012 Isuzu NPR HD...
2016 KENWORTH T680 6X4 T/A SLEEPER TRUCK TRACTOR (A59914)
2016 KENWORTH T680...
 
Top