Farming Equipment Finance

Farming Equipment Finance for Australian Agribusiness

Farming businesses rely on a wide range of equipment to maintain productivity, manage seasonal workloads and support daily operations.

At My Finance Consultants, we compare farming equipment finance across a broad range of specialist lenders.

We help farmers, contractors and agribusinesses finance new and used farming equipment with repayment structures suited to their business cash flow.

What Farming Equipment Can Be Financed?

Finance is available for a broad range of eligible agricultural and farm equipment.

This can include implements, handling equipment, attachments, trailers and other machinery used within a farming business.

Dealer purchases generally provide the widest lender choice.

Private-sale and selected auction purchases may also be considered, subject to lender requirements and asset verification.

The equipment's age, condition, purchase price and expected working life can affect the available finance terms.

Farming Equipment Finance Options

Chattel Mortgage

A chattel mortgage is commonly used where your business wants to purchase and own the equipment.

The lender provides funds towards the purchase while registering security over the financed asset.

Repayments are made over an agreed term.

Balloon Payments

Selected lenders allow a balloon payment to remain at the end of the finance term.

This can reduce regular repayments and help preserve working capital.

A larger balloon also leaves a larger final amount to repay or refinance.

We compare different repayment structures before you proceed.

Seasonal Repayment Options

Farm income can vary throughout the year.

Selected lenders may offer repayment structures that better align with seasonal or irregular cash flow.

Availability depends on the lender, business and proposed equipment purchase.

New, Used & Auction Farming Equipment

Both new and used farming equipment can be financed.

Used equipment may be subject to maximum asset-age requirements or shorter finance terms.

Private-sale equipment can also be financed with selected lenders.

Additional checks may be required to confirm ownership, equipment details and the purchase transaction.

Auction purchases can also be considered.

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

What Lenders Consider

The lender will assess both your business and the equipment being financed.

This can include your trading history, existing liabilities, credit profile and ability to meet the proposed repayments.

Agricultural lenders may also consider seasonal income patterns and existing farm debt.

The equipment's age, condition, value and resale market can influence lender policy.

Established farming businesses may qualify for streamlined documentation with selected lenders.

Larger or more complex transactions may require financial statements, tax returns or additional supporting information.

Related Agricultural Equipment Finance

For larger machinery purchases, explore Agricultural Machinery Finance.

If you are purchasing a tractor, visit Tractor Finance.

For broader industrial and productive assets, we also provide Machinery Finance.

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

Our Farming Equipment Finance Process

Review Your Equipment Purchase

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

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

Compare Suitable Lenders

We compare lenders familiar with farming and agricultural equipment.

We assess rates, fees, documentation requirements, balloon options and asset policy.

Application & Approval

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

We then manage lender questions and approval requirements.

Settlement

Once approved, we coordinate settlement with the dealer or approved seller.

This helps keep payment and equipment handover progressing smoothly.

Frequently Asked Questions

Can I Finance Used Farming Equipment?

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

Can I Finance Farming Equipment From a Private Seller?

Yes. Selected lenders finance private-sale equipment.

Additional ownership and asset verification may be required before settlement.

Can I Finance Farming Equipment Purchased at Auction?

Yes. Selected lenders finance auction purchases.

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

Do I Need a Deposit?

Not always.

Some established farming businesses may qualify for finance covering 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 regular repayments but leaves a larger balance payable at the end of the finance term.

Are Seasonal Repayment Options Available?

Yes. Selected lenders offer repayment structures designed around seasonal agricultural cash flow.

The available structure depends on your business, income pattern and lender.