Used Equipment Financing
Customized Used Equipment Financing Solutions for Farmers
We are not merely selling products. At John Deere Financial, we offer tailored Used Equipment Financing solutions designed to meet the unique needs of farmers and agri-businesses. Whether you're purchasing pre-owned tractors or other farm equipment, our financing options are structured to enhance operational efficiency. We consider your income sources, creditworthiness, and the production value of your farm—financing up to 90% of the equipment’s value.
Flexible Tenures in Used Equipment Financing
Our Used Equipment Financing plans come with flexible loan tenures of up to 5 years, helping you manage affordability with ease. This flexibility supports long-term farm planning and makes owning reliable pre-owned equipment more accessible.
Repayment Options Tailored for Used Equipment Financing
We understand that cash flow varies with each crop cycle. That’s why John Deere Financial offers Used Equipment Financing with flexible repayment options, including monthly, quarterly, and semi-annual installments. Payments can be structured around your harvesting schedule to support smooth operations and healthy cash flow throughout the year.
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- FAQs About Used Equipment Financing
FAQs About Used Equipment Financing
What is Used Equipment Financing?
Used Equipment Financing is a loan facility that helps farmers purchase pre-owned agricultural machinery like tractors and implements through structured EMI-based repayment options.
How much can I finance under Used Equipment Financing?
John Deere Financial may finance up to 90% of the value of the used equipment, depending on eligibility.
Who is eligible for Used Equipment Financing?
Farmers, agri-entrepreneurs, and commercial farming entities with verifiable income and a good credit history are typically eligible.
What types of equipment are covered under this financing?
Pre-owned tractors, harvesters, and select agricultural machinery qualify for Used Equipment Financing.
What is the maximum loan tenure available?
Loan tenures are flexible and can go up to 5 years based on your repayment capacity and crop cycle.
Do I need a down payment for financing?
Yes, a small down payment is typically required, with the remaining amount financed.
Are interest rates fixed or floating?
Interest rates may vary and can be fixed or floating, depending on the product and your credit profile.
How is the loan amount decided for used equipment?
Loan eligibility is based on the equipment's valuation, your financial background, and your farming income.
Can I prepay or foreclose the loan early?
Yes, prepayment and foreclosure options are generally available, subject to terms and conditions.
What documents are required to apply?
Typically, you'll need KYC documents, land ownership records, equipment details, and income proof.
How long does the loan approval process take?
Approval can be quick—usually within a few working days—after submission of all necessary documents.
Can I apply for financing online?
Yes, you can initiate a loan request online or by contacting your nearest John Deere dealer.
Is insurance required for the equipment?
Yes, insurance for the financed equipment is often mandatory to safeguard your investment.
Are there seasonal repayment options available?
Yes, seasonal repayment plans such as semi-annual or quarterly EMIs are offered to align with your crop cycle.
Why should I choose John Deere for Used Equipment Financing?
John Deere offers customized financing, trusted support, and quick processing, with terms designed around the realities of agricultural income.