Tractor finance
Funding for new and used agricultural tractors, from a yard loader tractor to a high-horsepower cultivation machine, placed with agricultural and general asset lenders.
Whole-of-market — 60+ lenders searched, including
Can you finance a tractor?
Yes. Tractors are the most straightforward asset in UK agriculture to fund and almost every asset lender will write them. They are normally funded on hire purchase so the machine ends up owned outright, or on a lease or contract hire where cash flow and VAT treatment suit that better. Used is fine, including tractors that are well into their second or third owner. The thing that catches people out is a private sale: funders will still do it, but they need to see the V5 or CESAR record, proof the seller owns the machine, and evidence there is no outstanding finance against it.
Used kit: Yes, routinely, including machines well past fifteen years old
Get a quoteor call 0333 772 4864
What would a tractor cost per month?
Asset finance is quoted on a flat rate, so that is what the buttons show, with the equivalent APR beside it. Your exact rate depends on the asset, the term, the deposit and the lender.
Prime is an established, profitable business with clean credit. Specialist covers newer businesses and credit that needs explaining — the asset itself carries part of the risk, which is why finance is often available where an unsecured loan is not.
Representative example: on Hire Purchase, borrowing £25,000 over 48 months at a 5.15% flat rate (equivalent to 9.9% APR representative), you would repay around £628 a month; total amount repayable approximately £30,150, of which £5,150 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 will receive a commission from the lender that funds your agreement. All finance is subject to status, affordability and lender approval.
Rates shown are indicative flat rates with the equivalent APR alongside — the two are not the same number. Indicative only and does not constitute a quote or an offer of finance. Subject to status and lender approval.
How lenders treat it
Tractors have the deepest secondhand market of any farm asset, so lenders treat them as prime security and competition for the business is genuine. Underwriting looks at make, hours against age, and whether the machine is a mainstream marque a dealer would take in part exchange. High hours matter less than a patchy service history. A tractor bought through a main dealer with a warranty will be looked at more kindly than a private import. Arable customers can usually get repayments shaped around harvest income rather than spread evenly, while dairy and livestock farms with monthly milk or store cattle income are underwritten on regular cash flow. Declines tend to come from the accounts, not the machine.
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.
| Machine | What it is |
|---|---|
| John Deere 6R 155 | Mid-horsepower arable and livestock tractor |
| Fendt 724 Vario | Stepless transmission tractor for heavy draft |
| New Holland T7.270 | High-horsepower tractor with suspended cab |
| Massey Ferguson 5S.135 | All-round loader and field tractor |
| Case IH Puma 240 CVX | Continuously variable heavy cultivation tractor |
| Claas Arion 660 | Mid-range tractor for grass and arable |
| Valtra N175 | Four-cylinder tractor for mixed farms |
| Deutz-Fahr 6185 TTV | Variable transmission tractor for field work |
| McCormick X7.624 | Six-cylinder tractor for general farm duties |
| Kubota M7-173 | Large frame tractor for grassland contractors |
Get a quoteor call 0333 772 4864
Who buys one
Mixed and arable farms replacing a worn machine before drilling or silage, livestock units adding a second tractor so the loader tractor is not being taken off feeding, and contractors adding horsepower before a season. The trigger is usually a big repair bill on the existing tractor, a dealer demonstrator that suddenly comes available at the right hours, or a machine coming to the end of its warranty and the farm deciding to move it on before it costs money.
Get a quoteor call 0333 772 4864
We publish the deals we arrange, with no client named and no rate quoted. See what we have funded in agriculture.
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.
Tractor finance questions
Can I finance a tractor bought privately rather than from a dealer?
Yes. Private purchases are funded every week, but the paperwork is tighter. A funder will want the V5 or CESAR registration, confirmation the seller is the legal owner, an HPI-style check for outstanding finance, and usually an independent inspection or a video walkaround. Money is paid to the seller directly, never to you.
Does it matter how many hours are on the tractor?
Less than most people assume. A funder is really asking whether a dealer would take the machine back in and resell it. A high-hour tractor with full service history and a mainstream badge is easier to fund than a low-hour machine with no records and an obscure marque. Very high hours may shorten the funding period rather than stop the deal.
Should I use hire purchase or lease for a tractor?
Hire purchase suits most farms because you own the tractor at the end and can claim capital allowances. A lease or contract hire can work better where you replace on a fixed cycle, want the residual risk sitting with the funder, or want the cost treated as an operating expense. We will set both out side by side before you commit.
Can I settle a tractor agreement early if I trade the machine in?
Yes. Every hire purchase agreement can be settled early and the funder will issue a settlement figure your dealer can pay off as part of the part-exchange. Some agreements rebate more of the unearned charges than others, so if you replace machinery on a short cycle it is worth asking about settlement terms up front.
Will finance be affected if the farm made a loss last year?
Not automatically. Agricultural underwriters understand that a bad harvest, a TB breakdown or a heavy year of investment can produce a loss on paper. What they want is context: management accounts, the subsidy and diversification income, and a sensible explanation. A loss with a clear cause is far less of a problem than unexplained pressure on the bank account.
Get a quoteor call 0333 772 4864
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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 0333 772 4864 · serving Leeds, York, Harrogate, Wakefield, Selby, Tadcaster & across North & West Yorkshire.
Specialist agricultural funding
Machinery, livestock and land — each with its own page, because each is assessed differently.