Tractor Finance

Apply for a commercial loan with Savvy today to help you finance the tractor your business needs.

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, updated on August 28th, 2023       

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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're financing a utility tractor, specialty tractor, row crop tractors, or a 4WD track tractors, we're here to help.

Competitive finance options

We put in the work to find you the best solution with the lowest rates on the market so you can 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 get a free, no-obligation quote with us today.

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Keep your business on the move with expert tractor finance solutions

Common questions about tractor finance answered

Do you finance new businesses?

Yes. We can offer solutions for both new and old businesses.

I run a seasonal business, will I be able to get financing?

Many of the lenders we deal with offer products with flexible repayment terms that cater to seasonal and harvest-based agribusiness, so enquire with us today to see if your business qualifies for finance.

I would like to buy more than one tractor for my business, is this possible?

Yes. We can help businesses of all sizes with finance for an entire fleet of trucks, subject to meeting certain criteria. Ask your consultant for more.

Can I still get financing if I have bad credit?

Yes. At Savvy we provide financing designed for people who have bad credit.

Do you offer low doc loans?

Yes. We offer low doc loans for individuals and small businesses to get quicker access to financing.

Is it possible to pay the residual later?

Yes. We offer financing options that allow you to start off with low repayment costs and moving the residual to the end of the loan term. You can contact our team of consultants that will walk you through the benefits and implication of this option.

What will I be paying in terms of the interest rate?

This differs depending on the amount you want to borrow and the financing option you choose. However, you can speak to our consultants for more or use our online calculator to help you.

More about tractor finance

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.


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.

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 it's an expense that can be kept off the books, making it tax-efficient.

Your commercial finance options

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1. Manage your cashflow better Having enough cash flow to manage your businesses expenses is vital to any business. According to research conducted by McCrindle, 51% of business startups do...

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