Re: Tractor Financing
[ Edited ]01-16-2013 12:38 PM - edited 01-16-2013 12:40 PM
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
. 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 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)
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Re: Tractor Financing
01-16-2013 12:53 PM
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?)
Last app 08/08/2012. App free in 2013!
Current Scores: EX 665 (FCR) TU: 668 (Wally) EQ: Your guess is as good as mine.
Zero percent financing is where the devil lives...
Last app 08 Aug 12. Next app 01 January 2013.
