Compare 80+ lenders — free, no credit check
Get a rate comparison for your specific asset and profile with no obligation.
Key Takeaways
- Overdrive Funding arranges farm and agriculture equipment finance for all asset types — new, used, demo and auction.
- We compare 80+ lenders in one free application to find the most competitive rate.
- Low doc finance available up to $500,000 — no tax returns or BAS required for eligible ABN holders.
- Finance available for established farmers, new ABNs and adverse credit.
- Our service is free — we're paid a "referral fee" by the lender after settlement.
One of the most common questions in farm and agriculture equipment finance is whether to finance a new or used tractor. Both options have distinct advantages depending on your farm's cash flow, tax position and operational needs. Overdrive Funding arranges finance for new, used, demo and ex-demo tractors across all major brands.
New vs Used Tractor Finance: Key Differences
- New tractor finance — lower interest rates, full manufacturer warranty, latest technology, higher purchase price
- Used tractor finance — lower purchase price, faster equity build, older technology, higher rates may apply
- Demo / ex-demo tractor finance — near-new condition at a discount, usually with remaining warranty
- Private sale tractor finance — finance available for tractors purchased from private sellers and farms
- Auction tractor finance — pre-approval available before auction day for fast settlement
- Refinance — replace an existing tractor loan with a better rate or release equity
Farm and Agriculture Equipment Finance Structures
- Chattel mortgage — own the asset from day one, interest and depreciation tax-deductible for GST-registered businesses
- Finance lease — keep equipment off your balance sheet; lender retains ownership until residual is paid
- Seasonal repayment structure — lower payments during growing season, higher at harvest, available from specialist agriculture lenders
- Balloon/residual — reduce monthly repayments with a lump sum at end of term
- Commercial hire purchase — fixed repayments with ownership transferring at end of term
Finance Rates
New tractor finance rates start from around 6.1% per annum. Used tractor finance rates are typically 1–3% higher depending on asset age, condition and the lender. Overdrive Funding compares both new and used tractor finance options across 80+ lenders to find the best farm and agriculture equipment finance deal for your situation.
How to Apply
Fill in the form above or call Simon to get started. We compare 80+ lenders for your farm and agriculture equipment finance in one application — no multiple credit enquiries, no cost to you. Most applications receive a decision within 24 to 48 hours.