Farm Equipment Financing FAQs

About Tractor Zoom

Tractor Zoom is an online marketplace that connects farmers looking to purchase farm equipment with auctioneers and dealers with available inventory. Established in 2017, we are changing the way the industry researches, values, and manages the purchase of farm equipment. By partnering with 709 auctioneers and 1648 dealer locations nationwide and multiple financial lenders, we make it easy for farmers to browse, filter, and compare dealer and auction listings side-by-side to find and purchase the equipment that best meets their operations’ unique needs.

No, Tractor Zoom is not a lending institution. However, we help facilitate equipment financing with some of the industry’s leading lenders. Equipment buyers interested in financing farm, construction, and other equipment can instantly compare rates, then select a lender to finalize their application directly.

Tractor Zoom facilitates equipment financing with lenders who provide equipment installment loan options for heavy equipment with a focus on agricultural equipment. Those lenders provide fixed and variable rate options with terms from 2 - 7 years and amounts financed of $10,000 and above.

All major categories and brands of agricultural equipment, including John Deere, Case IH, New Holland, and more are available for financing. Equipment used for commercial construction is also available for financing through Tractor Zoom.

Tractor Zoom’s main focus today is Agricultural Equipment. However, other types of equipment are supported by our featured lenders including construction and commercial use.

You must be 18 years old or otherwise have the ability to legally contract for equipment financing in your state of residence, and either a U.S. citizen or resident alien (permanent or non-permanent).

Yes. Tractor Zoom’s lending partners are available for all 50 states.

Tractor Zoom is one of the only equipment marketplaces today that allow equipment buyers to find and value equipment they’re looking to buy. The added ability to locate and secure financing on that equipment in one place, plus compare rates across multiple lenders, make for a more streamlined and transparent buying process. Additionally, the benefit of featuring multiple lenders allows equipment buyers to choose the terms, rates, or lender features, like an instant loan decision, that work best for them.

Today, Tractor Zoom facilitates equipment financing for FBN Finance and Finance Scope. We are actively in conversations with other lenders and plan to expand our network to continue to ensure farmers have the best options to finance their equipment.

Finding Financing with Tractor Zoom

Applying is easy. Visit our finance offer comparison page to view available lenders and rates, then simply hit “Apply Now” to launch your application directly with your lender of choice.

Tractor Zoom does not charge any fee for obtaining estimates from our network of lenders. The lender you ultimately choose to finance with may charge a documentation or closing fee.

During the application process for each lender, a hard credit pull will be completed to identify your credit score and finalize your loan interest rate.

The information required to apply for financing varies from lender to lender. Upon launching your application with the lender you choose, the information required will be outlined for you to collect.

No, your information is not collected by Tractor Zoom rather only the lender you select to finalize your farm equipment loan.

Approval timeframes vary by lender but most are completed within 24-48 hours upon a completed equipment loan application. Tractor Zoom financing, championed by Compeer Financial, provides an instant loan decision upon application completion.

Yes. Tractor Zoom financing, championed by Compeer Financial, provides access to instant farm equipment loan decisions with a completed application.

Yes. Tractor Zoom passes along equipment information to the lender application for any equipment on our website. For equipment financed directly through a dealer or auctioneer, you may need to supply equipment information such as make, model, serial number, or more to finalize your application with your selected lender.

Yes and in most instances, applying ahead of time is a benefit to you because you’ll know what interest rate you’ve secured to help inform your purchase decision.

Yes. This is also a scenario where applying for financing ahead of time is beneficial as most auctions require payment the day of or within 48 hours of the sale.

Yes.

Yes. Everyone is welcome to apply for financing. When comparing available rates and offers, we include a recommended minimum credit score for each lender to give you a better idea of where you might need to be in order to get approved.

Yes.

Farm Equipment Rates & Terms

Interest rates and available terms vary by lender. Compare ag equipment finance rates in seconds.

A required down payment will vary by lender. For instance, the Tractor Zoom financing option, championed by Compeer Financial, may require a down payment of 10-20% depending on the loan amount or your credit history.

Payment plans may vary by lender but most offer monthly, biannual, or annual payment plans.

Utilize our farm equipment loan calculator to input key data points including the amount being financed, interest rate, and term length to estimate what your payment could be.

Still have questions? We’re here to help.

All rates and terms are subject to credit approval and are subject to change. Tractor Zoom does not make any financing decisions and does not guarantee the approval of financing from its finance partners. Tractor Zoom does not retain years in business or estimated credit score, all information entered is used to prepare an estimate of the interest rate and payment based on general parameters. If the finance partner elects to extend credit, the exact rate and terms will be finalized with the finance partner who is wholly responsible for making a financing decision. By selecting a partner above you agree to allow Tractor Zoom to provide that finance partner with information you have provided to start the credit application process.

Find an auctioneer and dealer near you

Farm Equipment Financing & Loans

Discover why ag equipment buyers are choosing Tractor Zoom as the go-to-platform for securing their next equipment loan.

Tractor Zoom is connecting farm equipment sellers and buyers faster than ever before. Finding farm equipment at auction or at a dealership has never been so easy.