Reply
New Member
Posts: 4
Registered: ‎08-09-2011
0

Tractor Financing

Thinking about financing a tractor so that we can work on our land (Kubota, Bobcat, etc.). Does anyone know what acceptable scores are for tractor financing? Trying to get some ideas since I've never financed a tractor...

Moderator
Posts: 10,530
Registered: ‎12-30-2011
0

Re: Tractor Financing

[ Edited ]

tony_stewartfan20 wrote:

Thinking about financing a tractor so that we can work on our land (Kubota, Bobcat, etc.). Does anyone know what acceptable scores are for tractor financing? Trying to get some ideas since I've never financed a tractor...


I don't even know where to put this one :smileyhappy:.  Moving to general credit for now just for the most generic and theoretically wide distribution of users.

 

Since a tractor falls under equipment, it's likely an installment loan through the manufacturer or similar, or perhaps as a business expense when it comes to farming through usual business type financing if needed.  I'm sure there's options out there, I just don't think we're going to be the best place for finding out that information since this forum traditionally deals with personal finance, and Google is likely a better bet in this instance.

 

May even be subsidized loans available for agricultural equipment.  

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 683, EQ 8 690, TU 710, EX 715 (01/01/15)
Goal Score: 700 on EQ 04 (01/01/16)


Take the myFICO Fitness Challenge
Valued Contributor
Posts: 2,648
Registered: ‎09-26-2011
0

Re: Tractor Financing

How much tractor are you looking for?

 

John Deere offers a consumer credit card that I think you can get if your score is in the high 600's or so...  (680 maybe?)

Current Scores: EX 706 (FCR) TU08: 660 Wally. 01/03/2015.
Garden? What is a Garden? :smileytongue:
Zero percent financing is where the devil lives...

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.