Used Farm Equipment Financing
Finance used tractors, combines, sprayers, and all types of farm equipment. Streamlined file review to about $400k, B/C credit welcome, private-party and.
Most farms run more used equipment than new. The math usually supports it. A tractor that is five years old and has been maintained by a careful operator does the same field work as a new one at fifty or sixty cents on the dollar. Finding the right used machine, at the right price, from a source you can verify, is the skill. Financing it quickly through a lender who does not treat a used purchase like a problem is our part of that equation.
We finance used farm equipment of all types: tractors, combines, sprayers, planters, drills, tillage, hay equipment, loaders, specialty crop machinery, grain handling, and more. Deals start at $50,000. Payment timing can match the seasonal cash flow of your operation. Credit that has seen better days does not automatically close the door.
Who Buys Used Farm Equipment on Financing
Used equipment financing is not a second-tier option. It is the primary financing path for a wide range of farm buyers who are making smart capital decisions. The farmers who use this program include:
- Established operations replacing aging machines with later-model used equipment that retains decades of productive life
- Farms expanding their machinery line on a measured capital budget rather than committing to full new-equipment prices
- Beginning farmers and first-generation farm operators who need to build a machinery base without the cash to buy new
- Custom operators and contractors who need specific machines for a contract and cannot justify a new purchase on projected hours
- Operations buying out a neighbor's estate or retirement sale where quality equipment becomes available at realistic prices
The category of buyer does not determine the quality of the equipment. An eight-year-old combine from a meticulous operator can be a far better purchase than a three-year-old machine from a farm that deferred maintenance.
Farm Equipment
Forage Harvester Financing & Refinancing
Finance or refinance forage harvesters and choppers for dairy and beef operations. Seasonal payment options, fast approvals, B/C credit.
Tillage Equipment Financing & Refinancing
Finance or refinance tillage equipment including chisel plows, vertical tillage, strip-till, and subsoilers. Seasonal payments, fast.
Grain Cart Financing
Finance or refinance a grain cart to keep harvest moving without bottlenecks. Streamlined file review to about $400k, seasonal payment.
How Used Equipment Financing Works
The process for used farm equipment financing starts the same way as a new purchase: a credit application and the equipment details. We look at the machine's make, model, year, hours or acres, and general condition. For dealer purchases, a quote or purchase agreement covers what we need. For private-party and auction buys, a bill of sale and basic equipment information work equally well.
Decisions come back in a few business days. Funding on a completed-file timeline. For auction purchases where timing is tighter, tell us upfront and we will prioritize the file. If you have already purchased an eligible machine on a credit card or with operating cash and want to refinance it, we can look at that too.
Term length on used equipment is calibrated to the machine's age and condition. An older or higher-hour machine may qualify for a shorter term than a newer, lower-hour one, because the loan term needs to sit inside the remaining productive life of the asset. We match terms to reality rather than offering maximums that put the loan past the equipment's useful life.
Private-party purchases are a specific area of strength for us. Many lenders avoid the complexity of private-party farm equipment deals. We have process experience with these transactions, including handling the lien payoff on trade equipment and verifying title on machines that changed hands multiple times.
Farm Refinance Questions
Yes. Private-party purchases from any source, including online farm classified listings, qualify. We will need a bill of sale once you have a purchase agreement in place, and information about the machine. The seller's contact information helps us verify the transaction.
Age is one factor but not the only one. The machine's value, hours, condition, and remaining productive life matter more than the year alone. A well-maintained 12-year-old combine from a reputable manufacturer may still have substantial value and work years of harvest ahead of it. We will look at the specifics.
Yes. Recently purchased equipment can often be refinanced into a term loan to free up the operating line. We treat this as a new financing transaction based on the current value of the machine and your credit picture.
A conditional pre-approval based on your credit and a target machine type and budget range is possible. This gives you confidence when you go to an auction or approach a private seller. We will still need the specific equipment details before final approval and funding.
Yes. A lien is placed on the equipment title in our name until the loan is paid off. The title is held or the lien is noted on the title certificate depending on state requirements. Once the loan is paid in full, the lien is released and the title is clear in your name.
Ready to refinance this equipment?
Send the equipment list, payoff details, estimated values, and timing for a direct refinance review.
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