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CW Asset Finance | Vehicle & Equipment Finance Yorkshire

← All finance questions

Can agricultural machinery dealers offer finance?

Yes, and agricultural machinery is a well-established asset class for it. Tractors, combines, balers, sprayers, telehandlers and implements are all commonly funded through asset finance. What varies for a dealer is the regulatory picture, because agriculture has an unusually high proportion of sole traders and partnerships.

Farming has its own rhythm, and lenders active in agriculture understand it. Payment profiles can sometimes be shaped around harvest or subsidy timing rather than assuming twelve equal payments a year, and seasonal use is not treated as a red flag. That familiarity matters when a proposal reaches underwriting.

The point that catches ag dealers out is customer type. A limited company farming business buying for business use sits outside the consumer credit regime. A sole trader or a family partnership is made up of individuals in law, so the agreement can be regulated depending on the amount and the purpose — broadly, business lending above £25,000 to an individual sits outside the regime, though check the current position rather than relying on a remembered figure. Do not assume that selling into agriculture makes the consumer credit regime irrelevant.

This is general information, not legal or compliance advice, and your position depends on your customer mix. CW Asset Finance is an independent credit broker, not a lender, and is an Appointed Representative of Rural Finance Limited (FRN 630701). See the agricultural-machinery-dealers page for more.

Thinking about it for your own business?

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