At LS Tractor Sacramento, our professional sales team takes great pride in offering customers the ideal financing terms on compact or utility tractors – including service warranties of six years on certain models! When purchasing any compact or utility tractor from us, our sales guarantee includes service guarantee coverage. Plus, we can arrange financing solutions that best suit you whether utility tractor financing, sub-compact tractor financing or subcompact tractor financing needs are met!
In most seller-financed transactions, your equipment dealer works with a credit partner to cover the purchase and then collects payments from you over time. Each partner may have its requirements and interest rates – some focus more heavily on your credit score, while others, like Halo Capital, take into account cash flow. If your new tractor increases revenue streams, then Halo may even consider providing loans with lower credit scores than your own!
SBA loans provide government-backed funding options for a more formal approach to tractor financing to small business owners with outstanding credit and income. While private providers do not require collateral as security against loans from SBA lenders, these loans do. By offering your land or other assets as collateral for an SBA loan, you could qualify for low interest rates from this funding source.
Commercial leases for your tractors may also be an attractive financing solution, offering tax savings without incurring monthly tax payments. They’re usually cheaper than traditional loans with fixed monthly payments – though you must understand all terms and conditions before deciding on this option.
Alternative financing solutions could include using an independent tractor finance company. Such lenders tend to be less restrictive with credit criteria and offer higher approval percentages compared with banks. They also have more experience working with farmers and provide better loan terms and repayment periods than large banks.
Before applying to any credit provider, you must contact them for details regarding how and what documentation is needed for an application. Some accept online applications, while others require paper copies of documents submitted. Certain lenders only offer loans to borrowers working in agriculture or owning other assets, while others may provide financing to more diverse borrowers. If one credit provider doesn’t meet your needs or you find one you like more easily than another, continue looking until one does; compare rates among companies to ensure you get the best offer possible.
LS Tractor Sacramento is committed to helping customers find the perfect tractor financing deals for them. Our professional sales team offers competitive financing terms, extended warranties, and customized solutions. Whether you’re іn the market for a compact tractor, utility tractor, оr sub-compact tractor, we can arrange financing that suits your unique needs. With our tractor financing deals, you can drive away with the tractor оf your choice and a payment plan that works for your budget. At LS Tractor Sacramento, we’re dedicated tо ensuring our customers have access tо the equipment they need tо succeed, and we’re here tо guide you through the entire purchasing process.
Published by: Khy Talara
