As profit margins tighten and the cost of new and used equipment continues to climb, many producers are leveraging financing to spread out their machinery costs and reduce the financial burden of keeping their equipment up to date.
For more than a decade, GreenStone has partnered with AgDirect®, one of the fastest growing equipment financing programs in the nation, to offer competitive loan, lease and refinancing* options.
Through this partnership, GreenStone customers can count on attractive rates, fast decisions and flexible terms no matter where you choose to buy. Because AgDirect has no manufacturer rebate or financing restrictions, customers can also take advantage of manufacturers’ cash payment discounts and still finance though the AgDirect program, allowing you to leverage the best of both worlds.
“One of the reasons AgDirect has been successful is its connection to the Farm Credit System,” says Scott Welden, an AgDirect Territory Manager in Michigan, Indiana and Ohio. “As part of the Farm Credit System, customers can count on a lender that has been serving agriculture just as long or longer than some of the major equipment manufacturers. It’s rewarding to play such a critical role in helping producers afford the equipment they need so they can remain competitive and profitable. And AgDirect earnings help offset the operating expenses of participating Farm Credit System associations which helps pay their eligible customers patronage.”
Celebrating 25 years of simple, fast and flexible financing
Since 1998, AgDirect has been serving customers and dealers by offering loan, lease and refinancing options for both new and used equipment purchases completed at the dealership, at auction or through private party transactions.
The AgDirect model scales back the length of the application and accelerates credit decisions. Customers can complete their loan application and have a credit response within minutes.
At the dealership, 70% of AgDirect’s credit decisions are made in less than 30 seconds, allowing customers to count on quicker closing and funding for their equipment needs. To apply, participating AgDirect dealer salespersons simply enter the customer’s financing application online.
A dedicated financing team and network of AgDirect territory managers are available to assist with auction and private party purchases and can help both dealers and producers with quoting and selecting the best financing solutions. And when it comes to customer service, 100% of calls are answered by a live person during business hours.
Dedicated to the customer experience
As part of AgDirect’s evolution, the technology used to support customers and dealers through the transaction process has evolved. Online tools like a built-in payment calculator allows dealers to provide customers with accurate pricing options and financing comparisons were introduced.
An online application, electronic signatures and a mobile app also contribute to the ease of use and provide anytime access. Thanks to these tools, customers can now submit secure financing applications 24/7, sign documents remotely and run different scenarios before making a purchase decision all from their mobile phone.
“It goes back to our focus of serving agriculture’s machinery and equipment financing needs,” says Scott. “All of our digital tools serve a fundamental purpose of maintaining that focus while creating flexibility, faster turnarounds and a sense of convenience.”
*Farm Credit System debt is ineligible for refinance.
**Excludes leases over $500,000.
Nobody finances ag equipment like AgDirect
Subject to approval, there are several other advantages to choosing AgDirect equipment financing:
• As low as $0 down
• 2-7 years terms on most equipment – up to 10-year term on pivots
• Competitive variable and fixed rates for new and used equipment
• Delayed payments up to 15 months
• No prepayment penalties**
When you are in the market to buy, lease or refinance equipment, be sure to ask for AgDirect financing. Call your financial officer with any questions or contact AgDirect at agdirect.com or 888-525-9805.
AgDirect is an equipment financing program offered by Farm Credit Services of America and other lenders, including participating Farm Credit System Institutions.
To view the article in the online 2023 Summer Partners Magazine, click here.
