Landoll

Mehmi Financial Group helps businesses finance and lease Landoll 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 Landoll units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.

About Landoll

Landoll, based in Marysville, Kansas, has built trailers, farm equipment, material handling and construction equipment since 1963.

Landoll equipment

Landoll traveling-axle trailers and tillage tools are used by haulers and farms.

What lenders look at

Trailer deals are reviewed on haul work; tillage on farm revenue.

Financing Landoll equipment

Trailers are often financed with tractors; tillage with farm packages.

How Landoll equipment financing works

Most Landoll 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 Landoll 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.

Tax treatment of Landoll 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 Landoll 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 Landoll equipment

Farming: grain and oilseed farms, dairy and livestock operations, custom operators, orchards and vineyards, and agricultural contractors finance Landoll 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 Landoll 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.

Can I finance a Landoll trailer?

Yes.

How long has Landoll been building?

Since 1963.

Can tillage tools be financed?

Yes.

Can used Landoll units be financed?

Yes.

Are seasonal payments available?

For farm use, often.

Where is Landoll based?

Marysville, Kansas.