In addition to loans, AgSouth offers leases, an excellent option for those needing to get the most out of available credit.  

Equipment:

• Obtain the equipment you need without maxing out your available credit.

• No down payment leases allow you to keep your money working for you where you need it. 

• Your lease payment is generally 100% tax deductible. Your tax deductions may be affected if you buy equipment in the last quarter of the year. If 40% or more of the total equipment you buy over the year is purchased in the last quarter, the IRS imposes the "mid-quarter convention." The right lease may help you avoid the deduction issue. See your accountant for details.

• Payments are based on use during the lease, not the equipment's whole life. Therefore, payments are usually lower than with a typical purchase.

• Your lease terms are custom fit to your situation. Need quarterly payments? Annual? Because our leases are flexible, we have the terms you need at the rate you want!

• Purchase option - more choices! Upon expiration of your lease, buy the equipment, renew your lease or return it for a newer model. 

• Set up so you have the equipment during its prime. YOU determine the length of the lease.

• Leases can be set up on a  monthly, quarterly, semi-annually or yearly schedule so that  your lease payments match your cash flow. 

• Already have the equipment? Talk to us about a sale-leaseback. 

Buildings:

• Need a barn, equine facility or a cold storage bin? Leasing may offer a quicker write-off than depreciation.

Vehicles:

• No mileage limitations on vehicles! 

Leasing may also help you realize a tax advantage. To get all the details about leasing so you can determine what's best for your situation contact:

Loans | Leases | Services | Insurance

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