Equipment Financing Interest Rates

Let s say you have a busy medical practice and need a new mri machine.

Equipment financing interest rates.

Equipment finance interest rates summary. Financing rates for new used equipment retail september 1 2020 this financing rates sheet is intended for internal dealer use only. We finance general purpose equipment such as packing machines and office equipment heavy industrial equipment such as manufacturing lines printing presses and stationary machinery construction equipment and commercial vehicles typically greater than 2 5 tons such as heavy trucks and trailers. Equipment loan interest rates can vary wildly depending on your lender 8 30 is an extremely rough range for what you can expect your credit rating the amount of time you ve been in business and any number of other arcane formulas a specific lender decides to apply to your case.

If you fall on the lower end of the interest rate range you ll receive rates that are akin to bank or sba loans. The higher your credit score the lower your interest rate will. Equipment loan interest rates. Financing for excavators wheel loaders articulated dump trucks feller bunchers backhoes skidders compact construction equipment and more.

Of course the interest rate you receive will vary but overall these rates are generally affordable. Special pro put and fpo residuals on new and used grain carts dump carts forage wagons dump wagons tillage equipment and heads cornheads drapers platforms. Lock in a low lease payment with agdirect s special lease residuals. Special pro and put residuals on new and late model used 2015 or newer combines for a limited time only.

To get the best i e. While the variance is as wide as that tractor you re financing it s only because the rate you get largely depends on your credit score and how long you ve been in business. With a lease the manufacturer or the dealer of the equipment may provide the financing. Equipment loan interest rates typically range between 2 and 20.

Climb into the equipment you need for your construction or forestry company with flexible financing options from experts who know your business and the challenges you face. As we mentioned above equipment financing rates typically range from 4 to 40.