Working with farm businesses Australia-wide · Regular farm visits on the east coast0412 759 847 · nick@farmcfo.com.au
Checklist · Before signing a finance contract

Before you buy machinery

Work through this before signing for a tractor, header, ute or any big item of plant.

Do you need to own it?

DoneItem
Hours or hectares a year it will actually do
Cost per hectare to own and run it against a contractor's rate
How much timeliness matters for this job

The finance

DoneItem
Rate, term, fees and any balloon, in a written quote
Monthly repayments and what they do to your lowest cash month
Whether a balloon suits you, and how you'll pay or refinance it
Compare at least two written quotes

The deal

DoneItem
Trade-in value, checked against recent sales
Warranty, servicing and parts support nearby
Delivery date, so repayments don't start before it's working

Tax and records

DoneItem
Ask your accountant how GST, depreciation and any instant asset write-off apply before you sign
Add it to your machinery register with its replacement year

Checked 26 October 2026. General information only. It doesn't take account of your circumstances and isn't tax, legal or credit advice. Farm CFO is a business name of Levelhead Capital Pty Ltd (ABN 15 703 134 918). farmcfo.com.au · 0412 759 847

Want a hand with it?

Read Farm equipment finance, or talk to us about the Equipment and vehicle finance.