Heavy Equipment Financing Rates

The interest rate on heavy equipment loans is dependent on the lender as well as the borrower s financial qualifications.

Heavy equipment financing rates. Heavy equipment financing rates from 5 5. Equipment financing transactions are provided in canada by wells fargo equipment finance company. Subscribe to our construction newsletter. Some interest rates may also fall outside of this range.

You ll see this advertised all over the internet. Perhaps you ve noticed that certain lenders advertise rates as low as 5 6 for heavy equipment financing. The higher your credit score the lower your interest rate will. While those rates are possible to obtain the reality is only a limited number of companies will qualify.

Special pro put and fpo residuals on new and used grain carts dump carts forage wagons dump wagons tillage equipment and heads cornheads drapers platforms. Call us at 1 866 726 4714 or request a contact from our equipment finance professionals. What is the interest rate on heavy equipment loans. We finance general purpose equipment such as packing machines and office equipment heavy industrial equipment such as manufacturing lines printing presses and stationary machinery construction equipment and commercial vehicles typically greater than 2 5 tons such as heavy trucks and trailers.

About wells fargo. Climb into the equipment you need for your construction or forestry company with flexible financing options from experts who know your business and the challenges you face. Take someone financing a trencher for 75 000. Why heavy equipment leasing rates matter less than you think.

While the variance is as wide as that tractor you re financing it s only because the rate you get largely depends on your credit score and how long you ve been in business. Equipment loan interest rates. Some leasing companies quote heavy equipment financing rates at 4 9 or 5 or whatever but those rates are often bogus. However interest typically ranges from 10 1 to 35 99 on the high end.

You should be aware that financing rates can range widely when it comes to purchasing a major piece of machinery. However these programs might feature interest rates. However these programs might feature interest rates. Equipment loan interest rates typically range between 2 and 20.

Many heavy equipment manufacturers offer financing for their products. If you bought from a dealer at a 5 rate over 5 years your payment would be 1 400 a month. Financing for excavators wheel loaders articulated dump trucks feller bunchers backhoes skidders compact construction equipment and more. And since you re not using the equipment as collateral the manufacturer might assign a higher rate to offset the risk.

Special pro and put residuals on new and late model used 2015 or newer combines for a limited time only.