John Deere 670G LC Excavator Heavy Construction equipment excavating a field

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 instalment payments.

Lease Advantages

  • An opportunity to pay less upfront.
  • Generally, you may make lower payments than with an instalment 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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Financing FAQ

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