AGCO
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Mehmi Financial Group helps businesses finance and lease AGCO equipment, including tractors, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used AGCO units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About AGCO and Challenger
AGCO is a global agricultural equipment company whose brands include Massey Ferguson, Fendt, Valtra and Challenger. The Challenger rubber-track tractor line was originally developed by Caterpillar, and AGCO launched its own Challenger product line and distribution network in March 2002 after acquiring Caterpillar's agricultural track tractor business. Older AGCO materials note that the Challenger trademark is used under licence from Caterpillar.
AGCO Challenger tractors on our list
Our eligible equipment list includes Challenger track tractors such as the MT765B, MT800 series and MT835C. These high-horsepower track tractors are built for heavy tillage, large planters and air seeders, and they reduce soil compaction compared with wheels.
How lenders view Challenger track tractors
Track tractors are high-value farm assets. Lenders review horsepower, hours, transmission and the condition of the rubber tracks, idlers and undercarriage, which can be costly to replace. They also look at the farm's acres, crops and income. Payments are often set annually or semi-annually around harvest.
Financing AGCO equipment
AGCO Finance offers programs through dealers, and Farm Credit Canada, bank agriculture teams and independent lenders also finance AGCO equipment, which is useful for used and auction purchases.
How AGCO equipment financing works
Most AGCO purchases are financed with an equipment loan or a lease. A loan gives you ownership from day one, with the lender registering a security interest (PPSA in Canada, UCC in the USA). A lease keeps title with the lessor and can lower the monthly payment, with a buyout, renewal or return option at the end.
AGCO equipment we help finance
Financing AGCO tractors
Tractors are financed for row crops, hay, livestock and property work, and for some construction and municipal uses. Lenders look at horsepower class, hours, transmission type and the implements bought with it. Payment schedules can often be matched to harvest or sales seasons. Used tractors with documented service history and common configurations are usually easier to place with lenders than rare or heavily modified units.
AGCO tractors on our eligible equipment list include AGCO Challenger MT765B Tractor, AGCO Challenger MT800 Tractor and AGCO Challenger MT835C Tractor.
What lenders check on a AGCO tractor
Lenders look at hours, maintenance history and how payments fit your crop or livestock cash cycle. Seasonal or annual payment schedules are common for farm equipment.
Expect to provide a credit application, recent business bank statements, the dealer quote or bill of sale with serial number and hours, and financial statements or tax returns for larger amounts.
See the full list of eligible equipment, compare equipment financing options, or estimate payments with the equipment financing calculator.
All AGCO models with financing pages
| Model | Type | Category |
|---|---|---|
| AGCO Challenger MT765B Tractor | Tractor | Farming |
| AGCO Challenger MT800 Tractor | Tractor | Farming |
| AGCO Challenger MT835C Tractor | Tractor | Farming |
Tax treatment of AGCO equipment
In Canada, the CCA class depends on the asset and how it is used. Your accountant can confirm the right class. With a loan, you generally claim capital cost allowance and deduct interest. With a true operating lease, lease payments are generally deductible instead. See the CRA classes of depreciable property. In the USA, Section 179 and bonus depreciation may apply; see IRS Publication 946. Always confirm with your accountant.
Frequently asked questions
Can I finance a used Challenger MT800 track tractor?
Yes. Lenders review horsepower, hours, transmission and track and undercarriage condition.
Who makes Challenger tractors?
AGCO took over the Challenger track tractor line from Caterpillar in 2002.
Do track condition and undercarriage affect financing?
Yes. Tracks and undercarriage are expensive, so their condition affects value.
Can I get annual payments on an AGCO tractor?
Many farm lenders offer annual or semi-annual payments.
Is AGCO Finance my only option?
No. Farm Credit Canada, bank agriculture teams and independent lenders also finance AGCO equipment.
Can I finance a Challenger with a planter or drill?
Some lenders will finance several pieces in one deal.
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