McCormick

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

About McCormick tractors

McCormick tractors are built by Argo Tractors of Italy. According to Argo Tractors, assembly of McCormick tractors moved from Doncaster, UK to Fabbrico, Italy in 2007, and by the end of 2010 all tractor production was in Italy. McCormick Tractors International was a subsidiary of Argo before production moved. Argo also owns the Landini brand.

McCormick tractors

McCormick builds utility, mid-range and high-horsepower tractors used on mixed farms, livestock operations, vineyards and orchards.

How lenders view McCormick tractors

McCormick is a smaller brand in North America, so lenders consider dealer support and resale values. They review horsepower, hours, transmission, loader and implements, and the farm's income. Annual or seasonal payments are common.

Financing McCormick tractors

Farm Credit Canada, bank agriculture teams, dealer programs and independent lenders can all be compared, especially for used tractors.

How McCormick equipment financing works

Most McCormick 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.

McCormick equipment we help finance

Financing McCormick 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.

McCormick tractors on our eligible equipment list include McCormick Tractors.

What lenders check on a McCormick 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 McCormick models with financing pages

Tax treatment of McCormick 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.

Who makes McCormick tractors?

McCormick tractors are built by Argo Tractors in Italy.

Can I finance a used McCormick tractor?

Yes. Lenders review hours, transmission, loader and dealer support.

Can I get annual payments on a McCormick?

Many farm lenders offer annual or seasonal payments.

Is McCormick related to Landini?

Both brands are owned by Argo Tractors.

Does dealer coverage matter?

Yes. Confirm parts and service support nearby.

Can a vineyard finance a McCormick specialty tractor?

Yes. Lenders review the operation's income and the tractor.