Farm equipment financing
Tractors, combines and farm machinery, new or used, through a lease or a loan.
At a glance
- Equipment
- Tractors, combines, farm machinery
- Condition
- New or used
- Formulas
- Lease or term loan
The farm machinery we finance
Farm businesses finance their machinery the same way truckers finance their trucks: through a lease or a loan, new or used. Depending on the equipment, its age and your business history, one lender will be more favourable than another.
- TractorsField work and transport
- CombinesGrain harvest
- Haying equipmentMowers, rakes, balers
- Tillage and seedingPlows, harrows, seeders
| Purchase | Lease | |
|---|---|---|
| Taxes paid at delivery | $37,438 | $0 |
| Taxes on each payment | None | 14.975% of the payment |
| At the end of the term | Owner | Buyout value |
A business registered for GST and QST recovers these taxes either way. Leasing only changes when you pay them.
Lease or term loan
On a machine worth several hundred thousand dollars, a lease spreads sales taxes over the term instead of paying them at delivery. A buyout value, set at signing, makes you the owner at the end.
Start your file
Enter the amount you have in mind and we will call you back to complete the file. Free and without commitment.
Or call (514) 648-8487
Free quote, several lenders compared.
Lease or loan: which should I choose?
With a lease, your business rents the equipment and can buy it at the end of the term through a buyout value. Payments are usually lower, and sales taxes are added to each payment. With a loan, you own the equipment from day one. The right choice depends on your tax situation and your goals: check it with your accountant.
Do you finance used equipment?
Yes. We finance used trucks, trailers and machinery, bought from a dealer or a private seller. Each lender has its own age and mileage criteria.
Can payments follow a season?
Some lenders offer structures suited to seasonal businesses. Conditions vary by lender and by file, and we will tell you what applies to yours.
Is a down payment required?
It depends on the lender, the type of equipment and your business profile. Some files close without a down payment, others require one. We tell you after reviewing your situation.
How long does approval take?
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Caroline LavoiePresident, sales and financing
Let's talk about your farm machinery
(514) 648-8487Monday to Friday, 8 a.m. to 5 p.m.
Toll-free (800) 663-8487