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CW Asset Finance | Vehicle & Equipment Finance Yorkshire

← All finance questions

Can I finance a combine harvester?

Yes. Combines, foragers and other high-value harvesting machinery are financed regularly, usually on hire purchase or lease over a term matched to how long you expect to keep the machine. Because the values involved are large, lenders look closely at the acreage the machine will cover and how the payments will be met.

Harvesters are a particular case because they earn for a short, intense part of the year and sit idle for the rest of it. Lenders that know agriculture understand this, and repayment profiles are often shaped around it — see the question below on structuring repayments around harvest income. Not every lender will offer that, and it has to be agreed at the outset rather than requested later.

Expect more scrutiny than on a smaller purchase. Lenders will typically want to see accounts, an idea of your cropping and yields, and how the machine fits the business — whether it is replacing an older combine, supporting contracting work, or expanding capacity. Contracting income is often viewed positively because it spreads the machine’s earning power across more than one holding.

The risks are proportionate to the size of the commitment. A large agreement over several seasons is exposed to weather, yield and commodity price movements that are outside your control. Build in headroom rather than assuming a good year, and remember the machine can be repossessed if payments are not maintained.

Thinking about it for your own business?

Tell us what you are looking to fund and we will search our panel of 60+ lenders. No credit search at this stage, and indicative decisions in as little as 24 hours.

CW Asset Finance is a credit broker, not a lender. Finance is subject to status and lender approval.