• 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 installment payments.

    Lease Advantages

    • An opportunity to pay less upfront.
    • Generally, you may make lower payments than with an installment 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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    It’s easier than ever to stay on top of your PowerPlan? account when you SIGN UP for free Transaction Summary Alerts. You’ll get a weekly email of your account activity, including purchases, payments, and credits — everything you need to track your spending, due dates, and more.

    Keep Your Cash - Put It on PowerPlan

    Gain financial flexibility - take advantage of special financing for parts, service, equipment rentals, technology, and more.

    Learn more about different ways to acquire equipment.

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    See how you can keep older iron profitable while boosting your cash flow.

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