Welcome to
LSI Equipment Leasing
LSI provides the ability for our clients to achieve their industry goals without worrying about the asset acquisition
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- Minimum equipment lease amount – $30,000
- Eligible equipment purchased from Dealerships, Auctions, Private Party or Online
- Owners must personally guarantee leases involving corporations, partnerships and other entities
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If equipment is intended for custom or commercial use, the lease factor or residual (buyout) may vary
- Utilize our Sale-Leaseback Program to utilize equity in your equipment
- More Pre-Approval Info!
What do I need for Farm Equipment Leasing?
Leasing allows you to upgrade to newer equipment more frequently as new technologies emerge. With a lease, you’re not stuck with the same equipment for years.
Lease Structure
- New Equipment: 3-7 Year Terms
- Used Equipment: 3-6 Year Terms
- Quarterly, Semi-Annual, Annual Payment Structures
- Flexible Residual Options
Equipment Qualifications
- Minimum of $30,000.00
- Tractors: < 5,000 Hours
- Combines/Forage Harvesters/Cotton Pickers: < 3,500 Hours
- Excavators/Backhoes/Dozers/Wheel Loaders: <4,000 Hours
- Skid Steers: < 2,500 Hours
- Self-Propelled Sprayers & Windrowers: < 2,500 Hours
- Other Used Equipment/Implements: < 20 Years
- Semi-Trucks/Trailers: < 500,000 Miles
*Higher Hours/Age/Price/Mileage Dependent Upon Condition
Flexible Terms
Leases can be structured with flexible payment and duration terms to meet your specific operating requirements.
Farm Equipment Planning
More reasons to lease equipment with LSI
Why Lease
Maintenance costs are often bundled into the lease payment. This simplifies budgeting for maintenance.
Pre-Approval
Lease payments may be tax deductible as a business expense. This can provide tax savings compared to other financing options.
Locator Service
With a lease, the residual value risk lies with the lessor. You don’t have to worry about equipment depreciation or resale value.
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Leasing contracts allow you to update equipment frequently to take advantage of technological innovations.
Ready to start leasing equipment?
Common Questions about Equipment Leasing
What are the benefits of leasing vs buying farm equipment?
Lower upfront costs, flexible terms, upgraded equipment, manageable payments, tax advantages, less liability risk.
What types of farm equipment can be leased?
Most major equipment can be leased including tractors, combines, hay tools, planters, sprayers, harvesters, tillage equipment, and more.
How long do farm equipment leases usually last?
Typical lease terms range from 3-7 years. Lease duration depends on factors like use and type of equipment.
Who is responsible for repairs and maintenance?
The lessee performs routine maintenance and repairs for the equipment. Dealer or manufacturer warranty’s will still apply.
Are there any tax benefits to leasing farm equipment?
Yes, lease payments may qualify as tax deductible business expenses. Consult your accountant about potential tax benefits.
Discover the best in Farm Equipment
Contact LSI
2701 Grand Ave, Galesburg, IL 61401
(309) 343-2099