| Term | Fixed Rate | Variable Rate |
|---|---|---|
| 2 - 3 years | 6.25% | 6.75% |
| 4 years | 6.25% | 6.75% |
| 5 years | 6.25% | 6.75% |
| 6 - 7 years | 6.45% | 6.75% |
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Get the equipment you need with competitive financing rates designed to keep your farm growing. Affordable and flexible, our financing options make it easier to invest in your operation with confidence.
Rates Based on Financed Amount
| Term | Fixed Rate | Variable Rate |
|---|---|---|
| 2 - 3 years | 6.50% | 6.75% |
| 4 years | 6.50% | 6.75% |
| 5 years | 6.50% | 6.75% |
| 6 - 7 years | 6.75% | 6.75% |
| Term | Fixed Rate | Variable Rate |
|---|---|---|
| 2 - 3 years | 6.75% | 6.75% |
| 4 years | 6.75% | 6.75% |
| 5 years | 6.75% | 6.75% |
| 6 - 7 years | 6.95% | 6.75% |
| Term | Fixed Rate | Variable Rate |
|---|---|---|
| 2 - 3 years | 7.25% | 6.75% |
| 4 years | 7.25% | 6.75% |
| 5 years | 7.25% | 6.75% |
| 6 - 7 years | 7.45% | 6.75% |
Equipment Financing Requirements
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Purchase or Refinance
- Used Machinery and Titled Equipment
- Sales Price Minimum of $25,000
- Irrigation Equipment Not Eligible
- Titled Equipment Not Eligible for Leases
Rates effective August 01-31, 2025. *All rates and terms are subject to credit approval. Free fixed-rate lock for 0 to 45 days. Applications not funded within 45 days of application date are subject to rate change. Contact AgDirect® for rate locks greater than 45 days. Rates outlined herein are for informational purposes only and may be canceled or changed at any time without notice. The final rate for each transaction will be set forth in the financing documents signed by the customer. ^Minimum finance amount higher for recipients in NM. **Rates outlined herein are for illustrative purposes only to assist in comparing lease payments to the cost of a loan. They are not intended as, and should not be relied on as, tax or accounting advice. Applicants should consult their tax accounting advisors regarding appropriate treatment of any lease transaction. ***Variable rate is based on the Prime Rate plus or minus a fixed spread. This is subject to change as the Prime Rate changes. Variable rate not available for leases. DOCUMENTATION FEES: The maximum documentation fee (i.e., origination fee, document fee, processing fee, application fee, closing fee, or similar fee) for each transaction shall be the lesser of $300 or the amount allowed under applicable state law. All such fees shall be disclosed on the final financing documents; AgDirect and/or the financing company shall receive up to the first $150 of such fee, and Dealer's share, if any, will equal the remainder of the fee disclosed on the financing documents.
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Rates and Terms FAQs
1
Whether you purchase through a dealer, private party or at an auction, AgDirect offers attractive fixed and variable interest rates. Rates and available terms vary by equipment type and amount financed.
2
Generally, AgDirect borrowers need to put down 0% to 30% of the purchase price.
3
Subject to approval, the typical period used to amortize equipment debt is three to seven years and up to 10 years on pivots.
4
If you make annual payments, you may prepay up to one year in advance; up to six months in advance for monthly payments; and up to two early payments for quarterly payments. You can also pay off early at any time with no penalty.**
5
Typically, payment plans are set up on standard annual, semiannual, quarterly or monthly frequencies.
Variable vs. Fixed Interest Rates
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If you select a fixed interest rate, you’ll pay the same percentage of interest for the duration of your financing term. No matter what happens in the market or to AgDirect’s standard interest rates, the rate stays the same.
2
With equipment financing, most agricultural operations know precisely how much they need to borrow. If you’re looking to acquire a specific type of equipment and use it for a specific time frame, fixed interest rates usually line up with an operation’s need for predictable fixed costs. Fixed interest rate equipment loans and leases can help protect producers against the risk of rising interest rates that increase the cost of their equipment financing.
3
You don't plan to have the loan for the full term (i.e., early payoff, early trade in).
By opting for a variable rate, you can take advantage of a lower payment in the short term but carry the risk of a sudden rate increase.
In the case of smaller transactions, a lower variable rate contract might make sense, allowing you to maintain working capital.
Another instance where variable rates might be favorable is if the interest rate on your line of credit is equal to or higher than the variable rate of a loan.
4
You will receive a rate change notice letter via mail within 45 days.
5
AgDirect's variable rate is tied to the prime index, which can be found at federalreserve.gov.
Payments adjust when the prime rate changes so a customer's loan remains fully amortized. There is no charge for this, and the customer will receive a notice of the rate change and new payment.
6
AgDirect customers can convert from a variable interest rate to a fixed rate. The fixed rate is determined by the published AgDirect rate at the time of conversion for the remaining term of the note at no cost.
7
Typically, within 48 hours of when the prime rate moves, which is influenced by the Federal Reserve’s actions.
8
The variable rate will fluctuate any time the prime rate changes as a result of the Federal Reserve’s actions.
9
These fluctuations can happen as often as every month or quarter or annually. Historically, the Federal Reserve meets quarterly; however, the Federal Reserve can meet as deemed necessary.
10
No. For example, between 2004 and 2006, the Fed moved rates for 17 consecutive meetings. And between 2015 and 2018, the Fed moved the rate nine times.
11
No, but movement is normally in increments of 25 basis points (.25%, .50%, .75%, etc.).
What Can I Finance with AgDirect?
Not sure if your equipment qualifies? We finance a wide variety of ag equipment and brands to support your operation. Whether you're upgrading, expanding, or replacing, our flexible options are built to fit your needs. If it’s used on the farm, chances are we finance it.
Types of Financing
Available for Tractors, Combines, Sprayers and Other Equipment Used in Agriculture.
How to Apply
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Most credit decisions are returned within hours — often while you're still at the dealership or on the same business day.
3
Once you've selected your equipment (or won an auction bid), provide purchase details or invoice to AgDirect.
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AgDirect or your dealer will provide all necessary financing documents for your review and signature.
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Simply sign and return the documents electronically or in person.
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Once documents are complete, funds are disbursed and your financing is finalized.
Your Local Contact
Many areas of the country have an assigned Territory Manager who works with ag equipment dealers and ag producers for quoting and selecting the best financing solution. Customers who do not have a Territory Manager in their area are assigned an Inside Sales Officer from our corporate office.
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