Business-purpose estimate
Model the payment before the paperwork.
Estimated monthly payment
$1,947- Amount financed
- $96,000
- Total interest
- $20,792
- Total paid
- $116,792
- 12-month payment total
- $23,358
View monthly amortization schedule
Principal and interest use the same equal-monthly-payment assumptions shown above. The final payment can vary by a few cents because each row is rounded to cents.
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Check partner pathway statusIllustrative comparison
See what a transparent provider comparison will include.
| Fictional provider and path | Best fit | Purchase channel | Equipment scope | Illustrative amount | Structure to verify |
|---|---|---|---|---|---|
| Field Term FinanceStandard equipment term | Established operations buying a defined machine for ongoing business use. | Dealer / Private seller | New or used titled equipment | $25,000–$500,000 | Equal monthly payments |
| Harvest Flex CapitalSeasonal payment structure | Operations that need payment timing evaluated against a seasonal revenue cycle. | Dealer / Auction | Production agriculture equipment | $50,000–$750,000 | Seasonal or annual review |
| Rural Equipment FundingUsed and private-party equipment | Buyers comparing an older machine or a transaction outside a captive program. | Private seller / Auction | Used equipment and attachments | $15,000–$350,000 | Monthly term with asset review |
Field Term FinanceStandard equipment term - Best fit
- Established operations buying a defined machine for ongoing business use.
- Purchase channel
- Dealer / Private seller
- Equipment scope
- New or used titled equipment
- Illustrative amount
- $25,000–$500,000
- Structure to verify
- Equal monthly payments
Harvest Flex CapitalSeasonal payment structure - Best fit
- Operations that need payment timing evaluated against a seasonal revenue cycle.
- Purchase channel
- Dealer / Auction
- Equipment scope
- Production agriculture equipment
- Illustrative amount
- $50,000–$750,000
- Structure to verify
- Seasonal or annual review
Rural Equipment FundingUsed and private-party equipment - Best fit
- Buyers comparing an older machine or a transaction outside a captive program.
- Purchase channel
- Private seller / Auction
- Equipment scope
- Used equipment and attachments
- Illustrative amount
- $15,000–$350,000
- Structure to verify
- Monthly term with asset review
01 · Complete package
Define what the negotiated planter price includes.
List the planter frame, row units, meters, monitor, harnesses, seed-delivery components, fertilizer equipment, row cleaners, closing system, spare parts, delivery, setup, and any dealer service as separate transaction lines. Mark what is included in the purchase, paid in cash, traded, or expected to be financed if a provider permits it. The calculator models only the amount you enter; it does not determine which items are financeable.
02 · Planting capacity
A manageable payment does not prove the planter fits the field window.
Keep the payment model separate from the operating case. Working width, transport width, field speed, fill time, acres, available tractor power and hydraulics, labor, tendering, field shape, and expected workable days all affect whether the package can complete the job. Test that capacity with your own field records and agronomic plan before treating a lower payment as evidence that the machine is the right size.
03 · Condition and calibration
Put row-unit readiness beside the financing assumptions.
For a used or upgraded planter, document meter condition, seed tubes, openers, gauge-wheel arms, parallel linkage, chains and sprockets, row cleaners, closing components, bearings, wiring, sensors, and fertilizer equipment. Iowa State Extension emphasizes depth, spacing, residue management, and closing performance; Penn State Extension recommends checking meters, row-unit movement, driveline wear, and in-field performance. Use the operator manual and a qualified inspection for the specific machine.
04 · Technology and compatibility
Price the useful system—not a list of options.
Record which tractor, display, guidance, power, hydraulic, data, and subscription requirements each feature creates. Downforce, electric drives, high-speed components, adjustable row cleaners, and alternative closing systems can change both purchase cost and the operating setup. Confirm compatibility, transfer rights, activation costs, support, and which components remain with a traded tractor or planter.
Review Iowa State Extension’s planter-technology considerations →05 · Trade position and term
Use net trade equity, then hold the package constant.
Subtract any expected payoff from the trade allowance before entering the amount that reduces the new purchase. Keep additional cash down separate in your working notes. When comparing terms, hold the planter package, equity, tax, and rate assumptions constant so a lower monthly estimate does not conceal higher modeled interest or a longer period with a balance on equipment that may change as technology and operating needs evolve.
Compare the same planter package across five monthly terms →06 · Quote comparison
Ask questions that keep planter offers comparable.
- Which planter, technology, accessories, delivery, setup, or service items are included?
- What cash is due, and how are trade equity and any existing payoff handled?
- What rate, term, fees, first-payment date, and payment schedule apply?
- Are there machine-age, condition, seller, inspection, appraisal, or insurance requirements?
- Who owns software, subscriptions, data access, and removed or traded components?
- What are the payoff, prepayment, replacement, and collateral-release terms?