Finance question
Can I finance a New Holland tractor for my farm?
Yes, often. A tractor carries a serial number, sells through dealers, brokers and auctions, and a lender can value it, so it is one of the easier farm assets to fund. Age and hours matter: the 2008 T7060 at 6,623 hours is harder than a late-model machine, and very large tracked tractors may need more deposit, subject to lender assessment.
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The short answer
The maker offers cover new stock only, a broker can fund the rest
New Holland publishes no Australian tractor price list, so the useful numbers are asking prices. The 11 used listings in our New Holland price guide run from $25,000 ex GST for a 55 hp TT55 to $585,000 ex GST for a 2024 T9.700, with a 2018 T7.260 at $215,000. Horsepower, hours, loader, guidance and whether the price includes GST move the number most, so write the GST basis next to every quote before you compare.
New Holland advertises its own finance offers, but the guide points out they apply to new machines through a dealer. They do not cover the used tractor you find from a broker, an auction or a private seller. A broker can fund any machine from any seller, with the term and any balloon set by the lender. Lenders mark down old or high-hour machines, such as the 2016 T4.65 at 6,902 hours, and some want an inspection report on used stock.
The biggest machines need more thought. The guide notes that very large tracked tractors may need a bigger deposit or extra security, because one machine can be worth more than the equipment limit a farm business can carry, and the 2019 T9.615 SmartTrax asks $460,000 ex GST. A loan secured on farm property can fund the deposit or most of the purchase. Ventas is a broker across 40+ lenders and there is no upfront fee to you; the lender pays us on settlement.
Do you qualify?
What a lender looks at on a tractor purchase.
The machine
A mainstream model with hours and age that suit the term, plus an inspection on used stock.
The seller
A dealer invoice or a clear auction contract, with the serial number matching.
Farm income
Tax returns and BAS that show the repayments are covered.
Deposit or security
Cash, a trade-in or property to cover the gap.
Why tractors fund well
Easy to identify
A serial number and PPSR registration make the security clear.
Deep resale market
Dealers, brokers and auctions give a lender a price to work from.
Any seller
A broker can fund used stock the maker offers do not reach.
A worked example
A farm buys a used 2018 T7.260 at $215,000 ex GST. GST adds $21,500 and inspection and freight $3,000, so $239,500 is needed at settlement. A chattel mortgage at 75 per cent of the ex GST price is $161,250. The remaining $78,250 covers the deposit, GST and costs, from cash, a trade-in or a loan secured on property. Illustrative only.
Common questions
Frequently asked questions
Does New Holland finance only cover new tractors?
The maker offers shown on its Australian offers page apply to new machines through a dealer. They do not cover a used tractor from a broker, auction or private seller, which a broker can still fund.
Can I finance a high-hour used New Holland?
Often, but lenders mark down old or high-hour machines. Expect a shorter term, a bigger deposit or an inspection requirement. Subject to lender assessment.
Can I finance a large tracked tractor like a T9?
Sometimes. Very large tracked machines may need more deposit or extra security, because one tractor can be worth more than the equipment limit a farm business carries.
Will GST affect how much I need to fund?
Yes. Machines4U listings show ex GST and inc GST prices 10 per cent apart, so confirm the basis and ask your accountant how GST is treated for your registration.