As one of the fastest-growing equipment financing brands in the nation, AgDirect is committed to serving customers and dealers while changing to meet marketplace needs.
For more than two decades, the program has brought digital solutions to the forefront of the equipment financing industry.
Today, AgDirect offers a suite of digital tools and online resources to give dealers and customers the competitive edge and time they need to focus on what matters most.
“It goes back to our focus of serving agriculture’s machinery and equipment financing needs,” says Scott Welden, AgDirect territory manager in Michigan, Indiana and Ohio. “All of our digital tools serve a fundamental purpose of maintaining that focus while creating flexibility, faster turnarounds and a sense of convenience.”
Find out how offerings, like the new AgDirect online financing application, plus the AgDirect Mobile App*, electronic signatures and online payment calculator can help your customers find the best financing solutions.
AgDirect online equipment financing
Dealers have access to an online AgDirect application and quoting tools that can be used to enter customers’ financing information from the dealership, farm or field. Most decisions and financing documents are returned within seconds.
“Doing business with AgDirect is very quick and streamlined,” says Brian Still, salesperson with Vetter Equipment in Mount Ayr, Iowa. “When I put in an application, I typically have docs within minutes and can close the deal with the customer sitting at my desk right then and there. Speed is everything in these situations.”
Now, in addition to applying for AgDirect financing at the dealership, customers can apply for equipment financing or refinancing on new or used machinery purchases at agdirect.com using a simple, secure application that can be completed 24/7.
Using the online equipment application, customers can get the same attractive AgDirect rates and ag-friendly terms. If the transaction involves an active AgDirect dealer, the dealer will have the option of closing the deal and earning a sales incentive.
To get started with an application, customers simply enter information about the equipment they want to buy or refinance, the type of loan they desire and their financial background, including gross farm and net non-farm income.
The application takes roughly 10 minutes and applicants will typically receive a response within three business hours.
AgDirect Mobile App
The AgDirect Mobile app allows users to calculate individual payment quotes and compare payment options side-by-side from their mobile phone or tablet.
Other key features include access to real time interest rates, a downloadable lease residual matrix, cost/hour versus cost/acre calculations, and the ability to save and compare finance options, or email and text payment quotes.
“The AgDirect Mobile app is really handy for running multiple scenarios before making a decision,” says Chad Minnis, owner of Car-Min-Vu Dairy Farms near Webberville, Michigan. “You can be in the middle of the field, and if something pops into your head, it’s easy to grab your phone and do a quick calculation.”
The app also includes Secure Snap, a digital tool that allows AgDirect equipment salespeople to securely send driver’s license images, financial documents and other personal information to the AgDirect finance team using their mobile device.
When AgDirect Mobile was first rolled out in 2012, there were various payment calculator apps available, but few were geared toward the ag equipment industry. Since then, the mobile-friendly platform has supported more than 7,800 users, giving dealers and customers direct access to the tools they need to explore their financing options.
Electronic signatures are one of the most popular applications for streamlining document management processes. Since the AgDirect eSign pilot program was launched in 2018, more than 3,785 dealer locations have started using the application to help customers save time and accelerate transactions. In 2022, nearly 60 percent of AgDirect transactions have been closed using eSign.
Using eSign, customers can count on quicker closing and funding for their equipment needs thanks to a seamless financing process that can take place at the dealership or any location using their mobile device.
From small operations to larger entities, eSign can accommodate remote signatures no matter how many parties are involved. Multiple customers can sign from multiple locations, and every signer can authorize the transaction simultaneously rather than emailing, faxing or mailing documents.
Additionally, eSign provides a more secure method for capturing signatures by encrypting documents and keeping an audit trail of the routing process.
Online payment calculator
Another convenient tool for estimating costs and comparing payments includes AgDirect’s easy-to-use online payment calculator.
“The payment calculator is one of my favorite features because it allows you to factor in different scenarios like how many years you want to go on term length and different types of interest rates, says Minnis.
Whether planning to lease or finance, customers can estimate their annual, semiannual, quarterly or monthly payments in a matter of minutes. It’s as easy as entering the equipment price, interest rate, terms, payment frequency and amortization type.
“Agriculture is constantly evolving, which is why AgDirect works to develop digital tools and resources that accelerate transactions, enhance the customer experience and streamline the equipment financing process,” says Welden.
“Ultimately, the AgDirect online equipment application and other digital tools we offer help dealers and customers save time, add convenience and focus on what matters most in their business or operation.”
Article Written By AgDirect
Learn more about AgDirect equipment financing options by locating your nearest AgDirect territory manager or contacting the AgDirect financing team at 888-525-9805.