Agricultural Machinery Finance

Agricultural Machinery Finance for Australian Agribusiness

Purchasing new machinery can improve productivity, reduce downtime and increase the capacity of your farming operation.

At My Finance Consultants, we compare agricultural machinery finance across a broad panel of equipment lenders.

We help farmers, contractors and agribusinesses finance new and used agricultural machinery with repayment structures suited to their business.

What Agricultural Machinery Can Be Financed?

Finance is available for a broad range of eligible farming and agricultural machinery.

This can include harvesters, sprayers, seeders, loaders, balers and other specialised equipment used to operate your business.

Dealer purchases generally provide the widest lender choice.

Private-sale and auction purchases can also be financed with selected lenders, although additional asset verification may be required.

The machinery's age, condition, purchase price and expected working life can affect the available loan term.

Agricultural Machinery Finance Options

Chattel Mortgage

A chattel mortgage is commonly used to finance machinery purchased for business purposes.

Your business owns the equipment while the lender registers security over the financed asset.

Repayments are made over an agreed term, and a balloon payment may be included where appropriate.

Balloon Payments

A balloon payment leaves part of the loan balance until the end of the finance term.

This can reduce your regular repayments and help preserve business cash flow.

A larger balloon also means a larger final repayment, so we compare different structures before you proceed.

Seasonal Repayments

Agricultural businesses do not always receive income evenly throughout the year.

Selected lenders may offer repayment structures designed around seasonal or irregular business cash flow.

Availability depends on the lender, transaction and strength of your application.

New, Used & Auction Machinery

Both new and used agricultural equipment can be financed.

Used machinery may be subject to maximum asset-age requirements or shorter loan terms.

Auction purchases can also be considered, but the finance should ideally be arranged before bidding.

Auction settlement periods can be short, and finance remains subject to lender approval.

We can review the machinery and your borrowing position before you commit.

What Lenders Consider

The lender will assess your business financial position and the machinery being financed.

This can include your trading history, existing liabilities, credit profile and repayment capacity.

The lender may also consider seasonal income patterns and other agricultural debts.

Established businesses may qualify for streamlined documentation with selected lenders.

More complex or larger transactions may require financial statements, tax returns or additional supporting information.

Related Agricultural Equipment Finance

For broader farm assets, explore our Farming Equipment Finance options.

If you are purchasing a tractor, visit Tractor Finance.

For industrial and other productive equipment, we also provide Machinery Finance.

You can view our complete range of asset-finance solutions at Business Equipment Financing.

Our Agricultural Machinery Finance Process

Understand Your Equipment Purchase

We discuss the machinery, supplier, purchase price and intended business use.

We also review your preferred loan term, contribution and repayment structure.

Compare Suitable Lenders

We compare appropriate agricultural and equipment lenders based on your business and the machinery.

We assess rates, fees, documentation requirements and repayment options.

Application & Approval

We prepare your finance application and coordinate the documents required by the selected lender.

We then manage lender questions and approval requirements.

Settlement

Once approved, we coordinate settlement with the equipment supplier.

This allows the purchase and finance to progress as smoothly as possible.

Frequently Asked Questions

Can I Finance Used Agricultural Machinery?

Yes. Many lenders finance used agricultural machinery, although age, condition and value can affect the available loan term.

Can I Finance Machinery Purchased at Auction?

Yes. Selected lenders finance auction purchases, provided the machinery and application satisfy their requirements.

It is best to organise your finance before bidding because auction settlement periods can be short.

Do I Need a Deposit?

Not always.

Some established businesses may be able to finance the full eligible purchase price, while other applications may require a contribution.

Can I Include a Balloon Payment?

Yes. Balloon payments are available with selected lenders.

A balloon can reduce your regular repayments but leaves a larger amount payable at the end of the loan.

Can I Finance Several Pieces of Machinery Together?

Yes. Multiple assets can often be included within the same finance application.

The lender will assess the combined purchase and your business's ability to meet the repayments.

Is Low-Doc Agricultural Machinery Finance Available?

Yes. Selected lenders offer streamlined documentation for eligible established businesses.

The requirements depend on your trading history, credit profile, equipment and requested finance amount.