Farming & Agriculture Business Loans & Financing
Benefits of Farm Equipment Financing & Leasing
The benefits of farm equipment financing from National Funding go beyond simple affordability. While there’s no doubt leasing will leave farmers with more cash in their pockets, it can also help them save money.
For instance, when buying a piece of farm equipment, depreciation is determined based on the lifespan of the machine. However, when financing, depreciation is based on the term length of the lease, meaning farmers can speed up depreciation and enjoy valuable write-offs.
The tax benefits don’t end there, as Section 179 of the Internal Revenue Code features numerous tax breaks for equipment leasing. In most cases, the IRS considers equipment lease payments to be 100% tax deductible. Of course, you should always consult your tax advisor for all the rules and details.
Better yet, National Funding understands the wide array of equipment farmers require, which is why we offer up to $250,000 in financing with various equipment leasing options. This way you can obtain premium equipment at a fraction of the price, with no down payment or additional collateral required.
Apply online today to find out more about our farm equipment leasing and financing opportunities.
You can print a downloadable application (in pdf format) and fax it to us, or apply online. Just choose your preferred option and click to access. Other financial information may be requested in connection with the lease application.
Give as us call at 888-464-6256 or email us at email@example.com to discuss your needs.
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