John Deere

Mehmi Financial Group helps businesses finance and lease John Deere equipment, including tractors, excavators, combines, harvesters and wheel loaders, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used John Deere units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.

About John Deere

John Deere was founded in 1837 by a blacksmith and inventor, John Deere, in Grand Detour, Illinois, according to the company's own history. Today Deere builds equipment for agriculture, construction, forestry, landscaping and turf, and in Canada the company operates separate agriculture and construction and forestry divisions. Our eligible equipment list reflects that spread: John Deere dozers and excavators, harvesters and forwarders for logging, and tractors and combines for farms.

John Deere after the Hitachi joint venture

For decades, many John Deere excavators were built through the Deere-Hitachi joint venture. In February 2022, Deere acquired full ownership of the joint venture factories and moved to license and supply agreements with Hitachi. For buyers, this mainly matters when comparing older and newer excavators and when checking which dealer supports a given machine.

Financing John Deere across three industries

John Deere buyers come from very different businesses, and lenders treat them differently. A farm buying a tractor or combine is usually assessed on its crop or livestock cash cycle, and payments are often set annually or seasonally around harvest. A contractor buying a Deere dozer or excavator is assessed on contracts and construction cash flow. A logging contractor buying a harvester or forwarder is assessed on cutting rights, contracts and seasonal access, and fewer lenders specialize in forestry equipment. Knowing which group you fall into helps match the deal to the right lender.

Used John Deere equipment

John Deere equipment has an active resale market through its dealer network, auctions and private sales, which helps lenders value used units. Lenders will still look closely at hours, maintenance history and, for farm equipment, separator or engine hours on combines and the implements included with tractors. For forestry machines, harvesting heads and cranes are key value items. John Deere Financial and dealer programs may be available on many units, and it is worth comparing them with bank and independent lender offers, especially for used, private-sale or mixed-brand purchases.

How John Deere equipment financing works

Most John Deere 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.

John Deere equipment we help finance

Financing John Deere 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.

John Deere tractors on our eligible equipment list include John Deere 5E Series Tractor, John Deere 6R Series Tractor, John Deere 7R Series Tractor and John Deere 8320R Tractor.

Financing John Deere excavators

Excavators are financed for site prep, utilities, demolition and trenching work. Lenders focus on hours, undercarriage wear, hydraulic condition and whether the machine has the right tail swing and attachments for your jobs. Mid-size crawler excavators have deep resale markets, which lenders like, while very large or highly customized units are reviewed more closely. Buckets, thumbs, hydraulic hammers and quick couplers can often be added to the financed amount when they are on the same invoice.

John Deere excavators on our eligible equipment list include John Deere 135G Excavator, John Deere 200D LC Excavator, John Deere 210G Excavator and John Deere 230D LC Excavator.

Financing John Deere combines

Combines are high-value seasonal assets. Lenders look at engine and separator hours, header packages and the acreage or custom-harvest work behind the purchase. Annual or semi-annual payments that follow harvest income are common. Headers can sometimes be financed with the combine when they are on the same invoice.

John Deere combines on our eligible equipment list include John Deere 9770 STS Combine, John Deere 9870 STS Combine, John Deere S670 Combine and John Deere S760 Combine.

Financing John Deere harvesters

Harvesters (forestry or crop) are specialized machines. Lenders look at hours, head condition and the cutting rights, contracts or acreage behind the purchase. Because fewer lenders specialize in these assets, comparing several lenders matters more than usual.

John Deere harvesters on our eligible equipment list include John Deere 1170E Harvester, John Deere 1270H Harvester, John Deere 853MH Tracked Harvester and John Deere 903MH Harvester.

Financing John Deere wheel loaders

Wheel loaders are financed for aggregates, snow removal, agriculture, waste and general construction. Lenders weigh hours, tire condition, bucket size and whether the loader is tied to steady work such as a yard, pit or municipal contract. Mid-size loaders resell well, which helps on terms. Tires on large loaders are expensive, so their condition can affect the appraised value.

John Deere wheel loaders on our eligible equipment list include John Deere 344P Wheel Loader, John Deere 624K Wheel Loader, John Deere 624P Wheel Loader and John Deere 644P Wheel Loader.

What lenders check on a John Deere tractor

Lenders look at machine hours, service records, undercarriage or tire condition, and whether the unit is tied to contracts or a steady work program. Used machines with strong resale demand are usually easier to finance than specialized units.

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 John Deere models with financing pages

Tax treatment of John Deere equipment

In Canada, power-operated movable equipment used to excavate, move, place or compact earth, rock, concrete or asphalt generally falls in CCA Class 38. Confirm the class for your exact asset with your accountant. 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.

Can a farm finance a John Deere tractor with annual payments?

Many farm lenders and dealer programs offer annual or semi-annual payments that line up with harvest income. Availability depends on the lender and your operation's cash cycle.

How do lenders view John Deere excavators built before and after 2022?

Lenders mainly care about hours, condition and service history. Deere took full ownership of the former Deere-Hitachi factories in 2022, so it is worth confirming which dealer has serviced an older unit.

Can a logging contractor finance a John Deere harvester or forwarder?

Yes, though fewer lenders specialize in forestry. Expect questions about cutting rights or contracts, seasonal access and the condition of the harvesting head or crane.

Can I finance a used John Deere combine with its header?

Usually, if the header is on the same invoice. Lenders review engine and separator hours and the header's condition.

Is John Deere Financial my only option?

No. Banks with agriculture or equipment teams, Farm Credit Canada and independent lenders also finance John Deere equipment, which helps on used, auction and private-sale purchases.

Can I finance John Deere construction and farm equipment in one deal?

Some lenders can structure several pieces together, but farm and construction equipment are often reviewed differently. It depends on the business and how each machine earns income.