Tractor finance that grows your business
Get financing with low rates from the experts that is designed to make the purchasing of tractors easier
Stay on top of your budget
Finding a financial product that fits your needs should not feel like looking for a needle in a hay stack. At Savvy we understand the need to find affordable agricultural equipment at an affordable price. Our experience in financing for tractors of all kinds will ensure that you get a personalised solution to make owning and operating a tractor easy and affordable. Whether you are financing a utility tractor, speciality tractor, row crop tractors, or a 4WD track tractors, we have the solution for you.
Competitive finance options
We put in the work in terms of finding you the best solution with the lowest rates on the market to finance your next tractor with ease. Our financial products are specifically designed to meet agricultural needs of both small and large businesses. We offer finance options such as chattel mortgage, lease and commercial hire purchase that work with your businesses cash flow so that you can pay your way to owning equipment that comes at affordable prices.
Compare lenders, calculate and save on your truck loan
Thinking of buying your truck? Savvy offers a complete range of car loan options to suit all needs. Compare and save with Savvy. Savvy has access to all major banks and lenders in the country. We hold accreditation with all the major lenders in the country and have experienced consultants to tackle any requirement.
|Lender||Product Name||Advertised Rate||Comparison Rate||Monthly Repayment|
|Savvy||Secured Truck Loan|| 4.14% |
|ANZ||Online Secured Bike Loan|| 7.85% |
|CUA||Fixed Rate Bike Loan|| 7.99% |
|CBA||Secured Bike Loan|| 8.49% |
|NAB||Variable Rate Personal Loan|| 14.19% |
* Commercial loan with the loan amount of $40,000 is looking at a 5 year secured fixed rate of 2.85% p.a. and comparison rate of 3.93% p.a.. WARNING: all fees and charges may not be included on the example above, only the comparison rates, monthly repayment and total cost applies. Therefore, the total cost of the loan might be different. Comparison rate do not include broker fees, redraw fees, early termination fees and fee waivers. Comparison rate may change as a result of the different loan terms, fees and the loan amounts. Establishment fees and monthly fees do not apply to commercial loans, only consumer loans. However, there might be different fees apply.
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What our customers say about their finance experience
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Common questions about tractor finance answered
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Your helpful guides to tractor finance
Our helpful guides on tractor finance will help you make an informed decision that helps grow your business
Not all financing options will allow you to own the equipment outright. Some might come with terms such as paying off the residual in full in order to get ownership of your equipment. Other options such as finance lease mean that the lender will take ownership of the tractor and rent it out to you until the end of the loan term. Before agreeing to any terms, you will have to ask about ownership rights to see if the loan is tailor-made for you.
Potential tax benefits
There are plenty of equipment financing that comes with tax benefits that will ease the pressure on your businesses capital and cash flow. Depending on which option you choose to fund your tractor you can get access to potential tax benefits such as interest on the finance and depreciation of the asset which is tax deductible. However, this will differ according to your business and financing. You will have to check with your tax advisor for potential tax benefits that are applicable to you.
Is hire purchase right for me?
The benefit of Hire Purchase is that it comes with little to no upfront costs, and with its low rates, it makes repayments more manageable for businesses and self-employed people to work their way to eventually owning the equipment by the end of the hire period. You can pay the residual towards the end of the loan term which will help reduce costs for a business that doesn’t want the purchasing of an equipment to take a big chunk of their capital.
What is a lease?
A lease means that your lender will purchase the equipment on your behalf and then rent it out to you for a fixed period. In return, you will have to pay monthly repayments until the end of the loan term. It is beneficial for a lot of businesses that need an immediate financial boost to help them purchase the equipment. It is also budget friendly due to its fixed rates. The good thing is that this is an expense that can be kept off the accounting books making it tax efficient.