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Heavy Equipment Loans & Leases

Heavy Equipment Financing That Works for You

At John Deere Financial, we understand that a construction company’s work and cash flow are seasonal, so everything we do is designed to finance you in the smoothest and most efficient way. For example, we can accept another machine as collateral for your heavy equipment loan. And if you experience a period of decreased workflow, you can avoid monthly equipment cost concerns by scheduling skip lease or loan payments.

Heavy Equipment Financing: Benefits of Loan vs. Lease

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Taking out a loan to purchase and leasing heavy construction equipment both have their advantages. Which one is best for you depends on your goals as a contractor at any given time. Compare the advantages of loans and leasing to find out which one matches your needs best.

Loan Advantages

  • You’re building equity - you own the equipment when you’re done paying for it.
  • You can depreciate the asset.
  • The equipment appears as an asset on your balance sheet.
  • No limit on your equipment’s hours and wear.
  • You will build equity with installment payments.

Lease Advantages

  • An opportunity to pay less upfront.
  • Generally, you may make lower payments than with an installment loan.
  • Deploy equity elsewhere in your business instead of building equity in equipment.
  • Pay for the use of the heavy equipment, return it at lease-end, or exercise your purchase option.
  • Return machine at lease maturity, and enjoy more flexibility and potentially easier scheduled equipment replacement.

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Used Heavy Equipment

John Deere Financial offers competitive financing for the top-quality used construction equipment offered by your local John Deere dealer.

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†John Deere Financial does not provide legal or tax advice. Please consult a professional tax advisor or accountant for your specific needs or qualifications.

‡This pricing estimate is for research purposes only. The pricing above is not a price quote and does not represent a financing offer from John Deere Financial or any other party. Actual prices, payments, and taxes may vary. Prices are in US Dollars only. See your local dealer for information and details regarding John Deere Financial and other financing programs.