It’s rare when ag producers can reduce their finance costs on farm equipment they bought a year or 18 months earlier, but thanks to low interest rates, there’s a good opportunity to make that happen.
“While no one can predict where interest rates will be in the future, they currently are at historical lows,” notes Dan Takle, an AgDirect territory manager. “This situation gives farm and ranch equipment buyers an opportunity to refinance option of refinancing to their attention.”
AgDirect is the equipment financing program of Farm Credit Services of America and the partners of AgDirect, LLP.
AgDirect is one of few lenders that offers refinancing on farm equipment, Takle says. “Most farm equipment manufacturers’ captive financing arms won’t refinance equipment,” he explains. “But we are well-equipped and experienced in handling that type of activity.”
The refinancing process is quick and simple, Takle adds. “Our financing terms are among the most flexible in the ag equipment business – matching the income stream of ag producers,” he says. “AgDirect also offers a remarkably easy financing application that can be completed in minutes and a system that allows credit decisions for most returned within seconds.”
“Customers can expect the same competitive rates, fast credit decisions and flexible terms they get with AgDirect original financing,” Takle adds. “If you are considering refinancing options and want information about current rates, just call the AgDirect Processing Center at 1-888-525-9805 or visit the Contact page.”