Tips for Financing Your Farm Equipment

It’s well-known that farm equipment is quite pricey, and financing a model is often the best way to get your hands on an important piece of machinery in a reasonable amount of time. However, before you start filling out applications, we recommend reading through the helpful financing tips we’ve listed below to ensure you and your finances are ready for your upcoming loan.

Raise Your Credit

Raising your credit score is one of the best ways to ensure you get a great loan for your new farm equipment. While it will take a little time, we strongly recommend trying to raise your score to at least 650 or 700 before you begin applying for loans. Thankfully, you can easily raise your score by using and paying off your credit card on a regular basis, as well as paying off or removing old debts that may be affecting your credit. 

Apply With Multiple Lenders

There are a number of lenders out there willing to help you finance your new farm equipment. To ensure you’re getting a loan that fits your unique financing needs, we recommend applying with several lenders in order to directly compare your options. However, be careful not to put out more than 5 to 6 applications at one time, or you may risk lowering your credit score. 

Having trouble finding affordable farm equipment financing near Battleboro or Swanzey, NH? Then we recommend driving out to our location in Winchester, NH to take advantage of our amazing equipment financing services. Our expert staff will be happy to walk you through our application process and answer any questions you may have about our many services here at Gary's Power Equipment.