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CW Asset Finance | Vehicle & Equipment Finance Yorkshire

Rural and agricultural finance

Compact tractor finance

Compact and utility tractors for equestrian yards, smallholdings, estates and groundcare — usually with a loader on the front.

Whole-of-market — 60+ lenders searched, including

BarclaysAldermoreParagonAllica BankPraetura Asset FinanceSimply Asset FinanceOxburyBraemar FinanceBibby Financial ServicesBPCE Equipment SolutionsCatfoss FinanceDavenham Asset FinanceFleximizeiwocaKingsway Asset FinanceLombardMetro BankBNP ParibasBarclaysAldermoreParagonAllica BankPraetura Asset FinanceSimply Asset FinanceOxburyBraemar FinanceBibby Financial ServicesBPCE Equipment SolutionsCatfoss FinanceDavenham Asset FinanceFleximizeiwocaKingsway Asset FinanceLombardMetro BankBNP Paribas

Can you finance a compact tractor?

Yes, but the use matters more than the machine. A compact tractor bought by a working farm is straightforward agricultural kit. The same tractor bought for an equestrian yard, a smallholding, a school or a large private garden is not agricultural at all in a lender’s eyes, and an application routed to an agricultural funder will fail on the category rather than on the credit. Placed with a lender that funds groundcare and amenity machinery, it is routine, new or used.

Used kit: Yes, routinely to around ten years old

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What would a compact tractor cost per month?

Business asset finance is quoted on a flat rate, so that is what this shows — with the equivalent APR underneath, because the two are not the same number. A quick guide only; your actual rate depends on the asset, term, deposit and lender.

Indicative flat rate
Approx. monthly£—
Get my exact rate
Total repayable£—
Cost of finance£—
Equivalent APR—%

Representative example: on Hire Purchase, borrowing £25,000 over 48 months at a 6.0% flat rate (equivalent to 11.5% APR representative), you would repay around £646 a month; total amount repayable approximately £31,000, of which £6,000 is the cost of finance. This calculator is for illustration only — it is not a quote or an offer of finance, and the rate and repayments you are offered will depend on the asset, term, deposit and your circumstances. CW Asset Finance is a credit broker, not a lender, and may receive a commission from the lender that funds your agreement. All finance is subject to status, affordability and lender approval. CW Asset Finance is an Appointed Representative of Rural Finance Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 630701).

How lenders treat it

A compact tractor is easy to fund and easy to place badly. Agricultural lenders want to see a farming enterprise behind the application, and an equestrian yard or a grounds contractor is not one, so an obvious lender can decline a perfectly good deal on category grounds. The machine itself is straightforward: a deep used market, strong residuals and terms to five years with little or no deposit.

Makes and models we fund

Examples of the machines we are asked to fund. This is not an exhaustive list — if what you are buying is not here, it does not mean we cannot fund it. Your supplier quote is what the agreement is written against.

MachineWhat it is
Kubota BX231Sub-compact tractor with mid mower
Kubota L1-382Compact tractor with front loader
Kubota L2 SeriesMid-range compact tractors with cab
John Deere 3038ECompact utility tractor for smallholdings
Massey Ferguson 1740MCompact tractor with loader option
New Holland Boomer 45Cab compact tractor for yard work
Iseki TM3267Hydrostatic compact tractor for grounds work
Yanmar SA424Small four-wheel drive compact tractor
Deutz-Fahr 3060Compact tractor for mixed smallholding work
Solis 26Budget compact tractor for light tasks

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Who buys one

Livery yards, smallholdings, estates and contractors who need a machine for muck, feed, topping and general yard work rather than field-scale farming. The buyer is often a limited company that is not a farm, which is where placing it gets interesting.

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We funded this

£15,500

Used John Deere for a livery yard, over four years with no deposit, paid out eleven days after first contact.

Read the case study →

How it is treated for tax

Bought on hire purchase, business plant and machinery normally qualifies for capital allowances on the full cost even though you pay for it monthly, which is a large part of why hire purchase is the common structure. On a finance lease you generally set the rentals against profit instead. The rules change between budgets and your position depends on how you trade, so treat this as the direction of travel and get your accountant to confirm the detail before you commit.

Compact tractor finance questions

Can a non-farming business finance a tractor?

Yes. Equestrian yards, estates, grounds contractors and smallholdings all fund tractors. The application needs to go to a lender that funds the asset rather than one that funds farms, which is the usual reason a straightforward deal gets declined.

Can I finance a used compact tractor?

Yes, to around ten years old as a rule. Hours, condition and service history carry more weight than the year, and the used market for mainstream makes is deep enough that lenders are comfortable.

Do I need a deposit on a compact tractor?

Often not. Nil-deposit agreements are common on mainstream machines. A deposit is more likely on a newer business or an unusual specification.

How long does it take?

Usually one to two weeks from enquiry to the dealer being paid. The case study below took eleven days.

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Also in rural and agricultural finance

See everything we fund in rural and agricultural finance →

Not an offer of finance. All finance is subject to status, affordability and lender approval.

Get your quote

Tell us what you’re looking to fund and Conor will come back to you personally — usually the same day.

Prefer to talk? Call 07581 364281 · serving Leeds, York, Harrogate, Wakefield, Selby, Tadcaster & across North & West Yorkshire.