Many contractors like the idea of owning equipment and building equity in it. Purchasing equipment enables* you to deduct interest and depreciation in order to cut your tax bill; the downside is that large down payments can be a strain on your resources. Fortunately, John Deere Credit has a number of cost-effective solutions to help you minimize up-front costs.

Instead of making a large down payment, you can choose one of these options:**

Accelerated payments
Start with a smaller down payment, then make larger payments for the first few months to build equity quickly. This arrangement may be the answer for many transactions across Canada, but may not, for example, be applicable to transactions entered into in Quebec. See dealer for details.

Alternate collateral
By pledging a "free and clear" machine as additional collateral, you provide increased security with no out-of-pocket costs.

Skip payments
If you experience a period of decreased workflow, you can avoid monthly equipment cost concerns by scheduling skip payments into your John Deere Credit retail installment finance. The equity you build during your busy season carries over into the downtime.

Variable-rate contracts
This type of contract generally provides lower payments than a fixed-rate contract, improving your cash flow. And even though rates fluctuate with market changes, your monthly payment will remain the same. If an adjustment is needed, it will be included in your final payment. If the final payment increases by more than 1-1/2 times the scheduled final payment, then you have the option to pay the adjusted amount on the final due date, or you may have the option to continue to make the same monthly payments until the amount of the adjusted final payment is paid in full. See your John Deere dealer.

In addition to our competitive rates and flexible terms and payments, we can design any of these special solutions to fit your unique business needs.** For more information on our retail installment finance, see your John Deere dealer.

Contact us if you would like to talk to a customer service representative.

*Please consult your tax advisor.

**Subject to John Deere Credit approval.