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Looking into purchasing farm equipment? Do you already know what kind of equipment you need? The brand? The cost?
We know you’ve probably already done a lot of research, and chances are you’ve come to the same conclusion as us: John Deere is usually the way to go when it comes to finding quality farm equipment; it’s a well-known brand after all.
As you’re looking at the prices for John Deere equipment (or any farm equipment for that matter), the price tag can seem a little overwhelming at first, unless you’ve been in the farming business for a while and know what to expect.
This is where the debate comes in: do you get a loan or try to lease John Deere equipment? What’s the best financing option?
Like most financial situations: it’s depends. Every farm business is unique, and therefore the answer for you will depend on your situation. So consider the questions and financial factors below as you decide which is best for you.
