Degelman
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Mehmi Financial Group helps businesses finance and lease Degelman equipment, including farming equipment, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Degelman units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Degelman
Degelman Industries began in 1962, when Wilf Degelman built a heavy-duty rock picker in his barn in Raymore, Saskatchewan, according to Degelman. The company's motto, "build it right, build it heavy and build it to last", is quoted on the Degelman website.
Degelman equipment on our list
Our list includes the Degelman 7900 rock picker and Degelman Industries equipment, which also includes land rollers, heavy harrows, blades and dozer blades for tractors.
How lenders view farm implements
Implements are financed on the farm's income cycle. Lenders review the implement's size, age and condition and the farm's acres and financials.
Financing Degelman equipment
Implements are often financed with a tractor or as part of a spring package. Farm Credit Canada, banks, dealers and independent lenders can be compared.
How Degelman equipment financing works
Most Degelman 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.
What lenders check on a Degelman farming equipment
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 Degelman models with financing pages
| Model | Type | Category |
|---|---|---|
| Degelman 7900 Rock Picker | Equipment | Farming |
| Degelman Industries | Equipment | Farming |
| Degelman Strawmaster | Equipment | Farming |
Tax treatment of Degelman 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.
End-of-term options on a Degelman lease
A $1 buyout lease is built for ownership: you keep the machine for a nominal amount at the end. A fair market value lease usually has a lower payment, and at the end you can buy the equipment at its market value, return it or upgrade. Read the return conditions, such as hour limits and wear standards, before you sign.
Who finances Degelman equipment
Farming: grain and oilseed farms, dairy and livestock operations, custom operators, orchards and vineyards, and agricultural contractors finance Degelman equipment to take on new work, replace aging units or add capacity.
The right structure depends on how the equipment earns money. A machine tied to a long contract can support a longer term, while seasonal work may call for skip or seasonal payments that some lenders offer.
Questions to ask the dealer or seller before you finance
- What is the exact model year, serial number and hours?
- Is there a service history or recent inspection report?
- Is any warranty or extended coverage included, and does it transfer?
- Are attachments, delivery, installation and taxes itemized on the quote?
- For a private sale, is the equipment free of liens, and who will provide the bill of sale?
Insurance on financed Degelman equipment
Lenders and lessors require the equipment to be insured for its replacement or financed value, with the lender named as loss payee, before funding. Some also ask for liability coverage. Getting an insurance quote early avoids last-minute delays.
Frequently asked questions
Can I finance a Degelman rock picker?
Yes. Lenders review the implement and the farm's income.
Is Degelman a Canadian company?
Yes. Degelman started in Raymore, Saskatchewan in 1962.
Can I get annual payments on implements?
Many farm lenders offer annual payments.
Can a land roller be financed with a tractor?
Some lenders will finance them together.
Can I finance used Degelman equipment?
Yes. Lenders review condition.
Is Farm Credit Canada an option?
Yes, along with banks, dealers and independent lenders.
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