01 · Payment math
Start with the amount financed—not the sticker price.
A basic estimate starts with the equipment price, subtracts the modeled down payment, then adds any tax assumption. The result is the modeled amount financed. An amortization formula spreads principal and interest across the selected number of monthly payments.
Real transactions may also include fees, trade equity, irregular payment schedules, seasonal structures, or taxes handled differently from this simple model. The calculator is a planning tool, not a payoff statement or finance offer.
02 · Tradeoffs
A lower monthly payment can carry a higher total cost.
A larger down payment usually reduces both the amount financed and the interest paid in the modeled scenario. A longer term usually lowers the monthly payment while increasing the time interest accrues. Compare monthly payment and total modeled interest together.
If you have more than one rate assumption, use the rate comparison tool to hold the purchase and term constant.
| Change | Likely monthly effect | Other consideration |
|---|---|---|
| Larger down payment | Lower | Uses more cash at purchase |
| Longer term | Lower | Often increases total modeled interest |
| Higher rate assumption | Higher | Raises modeled interest cost |
| Higher purchase price | Higher | May change program eligibility ranges |
03 · Equipment facts
New and used equipment may follow different program criteria.
Providers can define eligible equipment by condition, age, type, amount, geography, and term. A calculator estimate does not determine eligibility. When approved partner criteria are available here, matching uses only those equipment and transaction facts; the provider still owns its application and credit decision.
To see which organizations document these facts publicly, filter the farm equipment lenders and financing companies directory by condition, purchase channel, and equipment. A loan is also not the only structure: if a provider quotes an equipment lease, the ownership and end-of-term questions change—compare providers with documented lease programs separately before treating the two payments as equivalent.
04 · Preparation
Clarify the transaction before gathering documents.
- Year, make, model, equipment type, condition, and purchase price
- Dealer or private-party seller and the state where the transaction occurs
- Cash down or trade equity you expect to use
- Preferred timing and a monthly payment range the operation can support
- Who provides the financing and where its official application is hosted
Do not upload tax returns, bank statements, identification, or underwriting documents to this site. If a provider requires them, submit them only through that provider’s verified process.
05 · Provider questions
Verify the details the calculator cannot know.
- Is the rate fixed or variable, and when can it change?
- Are there origination, documentation, filing, or early-payoff charges?
- When is the first payment due, and are non-monthly schedules available?
- Does the quoted amount include tax, delivery, attachments, or warranties?
- Who services the financing after closing?
Third-party published rates
Providers publishing rate information.
This site sets no rate of its own. The entries below quote what third-party lenders publish on their own pages, with the date each page was observed. These are research references, not offers from this site and not a single current market rate. A source may publish an interest rate, APR, promotional rate, amount band, term, fees, or conditions; the cited statement shows only what the current catalog evidence supports. Confirm every figure and condition on the source page before relying on it.
| Lender (public source) | What the source publishes | Where it is published, as observed |
|---|---|---|
| AgDirect | Publishes a $5,000 dealer-financing minimum and typical equipment terms from two to seven years. The reviewed pages document two-to-seven-year used-equipment terms, multiple payment frequencies, delayed-payment options, and published rates for eligible transactions. |
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| American AgCredit | Through AgDirect, buyers finance, lease, or refinance new or used equipment via dealers, auctions, private parties, or online, with terms of two to seven years (up to ten years on center pivots) from a $5,000 minimum, with published indicative rates. |
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| Peach State Federal Credit Union | Published 'as low as' APR tiers are 3.99% up to 60 months, 4.25% for 61-72 months, and 5.25% for 73-84 months, with up to 100% financing for qualified buyers and a $15 loan application fee. |
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Compare the full lender cost-transparency directory to inspect each lender's sources and observation dates.