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.

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

Package refinance
Instead of making a down payment, you can refinance another machine in which you already have equity, then add the cost of the current machine into the loan package. This also eases your bookkeeping by consolidating your payments.

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 calculated at the final payment.

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.

If you have enough information and have decided that an installment loan is right for you, use the printable application to apply. Or contact us if you would prefer to talk to a customer service representative first.