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A Flexible Way to Finance Your Farming Equipment
Are you in the market for new farming equipment but need more choices in your financing options? We understand that purchasing new or used equipment is a significant decision, and we're here to help you easily navigate the process.
What is Ag Dealer Financing?
Ag dealer financing is an equipment loan you can obtain through a dealership. The dealership arranges this type of financing, but a third-party lender, such as a credit union, bank, or finance company, usually provides the actual loan.
In ag dealer financing, the dealership acts as a middleman between the borrower and the lender. The dealership usually offers financing options and rates based on your credit score and financial situation. They may also provide incentives, such as cash-back offers or discounted interest rates, to encourage you to finance through them.
Why Choose Ag Dealer Financing?
There are several reasons why you might consider ag dealer financing for your next equipment purchase:
- Convenience: Ag dealer financing is convenient because you can get pre-approved for a loan and choose your equipment all in one place. You won't have to shop for a loan or equipment separately.
- Flexibility: Shopping for your equipment after-hours? No problem! You don't have to worry about the business hours of your lender when you go through the dealer.
- Special offers: Dealerships may offer special financing deals, such as zero percent interest or cash-back incentives, that you may not be able to get through other lenders.
- Easy qualification: Ag dealer financing may be easier to qualify for than other loans, especially if you have less-than-perfect credit.
If you're planning to use ag dealer financing, make sure to mention Cornerstone to your dealer! Working with us means giving back to your community and supporting local. Our rates are competitive, and our loan terms are flexible, so you can get financing that fits your needs.