Lendus.

Plough Finance

Spread the cost of reversible ploughs from £10,000 to £55,000+ with flexible finance options. HP, lease, or refinance, compare rates from 40+ lenders.

Can you finance a plough?

Yes, ploughs are financed as a standard asset purchase, usually on hire purchase or a lease, with the machine itself acting as the security. UK prices typically run £10,000 to £55,000, and most deals are written over 12–60 months with a deposit of around 10–20%. Decisions typically take 24–48 hours. Used machines are financeable too, usually with a shorter term.

200+ UK lenders
2-minute application
No credit check to apply
FCA-regulated brokers

Typical Cost

£10k – £55k

Approval Speed

24–48 hours

Same-day for < £100k

Rates From

4.5% APR

What would a plough cost per month?

£24,000
10%
60 months
9%
£0

Your estimate

Indicative only. Not a quote and not an offer of finance.

Pre-filled with a typical plough price. Indicative only, not a quote.

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Finance options

Hire Purchase (HP)

Rate
From 4.9% APR
Term
12–60 months
Deposit
10–20%
Ownership
Yours at the end
Best for
Arable and mixed farms wanting to own the plough outright

Finance Lease

Rate
From 4.5% APR
Term
12–60 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Tax-efficient, ploughs are low-wear assets that hold a predictable residual value

Operating Lease

Rate
From 5.2% APR
Term
24–48 months
Deposit
None required
Ownership
Return at end
Best for
Farms wanting the latest auto-reset and depth control technology

Representative example

On a purchase price of £24,000: a 10% deposit of £2,400, then 48 monthly payments of £506 at 5.9% APR representative (fixed). Total amount payable £26,688, including the deposit. The rate you are offered depends on your business and the asset.

What buyers actually specify

Guide prices for sizing a finance agreement, not quotes. Manufacturers in this market mostly price on application, so where a current UK list price could not be confirmed the row describes a specification class rather than naming a model. Your supplier quote is what the agreement is written against.

Machine or specification Guide price Type
Kverneland LD 100 £14,000 – £22,000 4-Furrow Reversible Plough
Kuhn Vari-Master 153 £20,000 – £32,000 5-Furrow Reversible Plough
Lemken Juwel 8 £28,000 – £40,000 6-Furrow Reversible Plough
Kverneland 2500 i-Plough £35,000 – £55,000 7-Furrow On-Land Reversible Plough

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Tax benefits

Ploughs qualify for Annual Investment Allowance (AIA), letting you deduct the full cost from taxable profits in year one, up to £1,000,000. HP gives access to capital allowances; lease payments are fully deductible from farming profits.

Market context

Ploughs remain a core purchase for arable and mixed farms running a conventional cultivation system ahead of drilling, and for contractors ploughing on behalf of several farms in a district. Because a plough has relatively few moving parts and no engine of its own, replacement is usually driven by frame wear, share and point costs, and changing soil type or rotation rather than a fixed number of years, so many farms run the same plough for well over a decade. The used market is steady, particularly for well-known reversible ploughs, with shares, points, and skimmers widely available, which supports resale value across the working life of the machine.

Bad credit?

Several of our 200+ lenders specialise in businesses with imperfect credit histories. You may need a larger deposit or personal guarantee, but options exist. Checking your options here does not affect your credit score, because we do not run a credit search to match you. A lender will run their own checks only if you decide to apply.

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Frequently asked questions

Can I finance a used plough?
Yes, most lenders will finance a used plough up to around 12 to 15 years old, reflecting how simply built and durable a plough is compared with powered machinery that has an engine and hydraulics to wear out. Condition of the frame, legs, and body matters more to a lender than age on its own, so a well-maintained older plough with new shares and points fitted is often still financeable even when it's well past the age where powered kit would be considered too old. A dealer with a documented repair history makes this easier to demonstrate.
How many furrows do I need and does that affect the finance available?
Furrow number itself doesn't change the finance structure, it's mainly driven by your tractor's horsepower and field size, ranging from 3 to 4 furrows for smaller mixed farms up to 7 or 8 furrows for larger arable operations. What does change is the amount you're financing, since a larger plough costs considerably more than a smaller one, so it simply sits at the higher end of the same hire purchase or lease terms. Getting the furrow count right for your tractor and workload matters more for how the finance is sized than for what type of agreement suits you.
Is refinancing an existing plough against other purchases an option?
Yes, because ploughs and other tillage equipment tend to hold their value well over a long working life, releasing capital against a plough you already own outright is a straightforward way to fund a seed drill, cultivator, or tractor purchase without taking on a completely new, unsecured facility. The lender assesses the plough's current condition and value and lends against it, effectively turning an asset that's sitting on the yard into working capital. This is a common route for arable and mixed farms timing equipment purchases around the cultivation season.
Are seasonal payment plans suitable for a plough given it's mostly used at set times of year?
Yes, many agricultural lenders will structure hire purchase repayments around autumn or spring cultivation income rather than spreading them evenly every month, which suits farms and contractors whose cash flow follows harvest and crop sales rather than a steady monthly pattern. This is worth raising with your broker at application stage, since not every lender offers seasonal structuring as standard, and the exact timing of payments can usually be matched to when your main arable income actually lands rather than a generic quarterly or annual date.
What deposit do I need for a plough?
Most hire purchase agreements ask for a deposit of 10 to 20% of the plough's price, while finance leases and operating leases are usually arranged with no deposit at all. Because a plough is a low-wear asset that holds a predictable residual value, some lenders are willing to be flexible on deposit for an established farming business with a clean credit history, particularly on a well-known reversible model. A larger deposit than the minimum will reduce your seasonal or monthly payments, which is worth weighing against keeping working capital free for seed, fertiliser, and other input costs.
Can a plough be part-exchanged or sold while it's still on finance?
Yes, but the outstanding finance needs to be settled first, since the lender retains an interest in the plough until the final payment is made. If you're trading up to a wider plough or newer auto-reset technology through a dealer, the settlement figure is usually rolled into the new finance agreement so you're not left funding the gap yourself. Because ploughs hold their value well and the used market is steady, settlement figures and trade-in values are generally straightforward to agree, which makes upgrading mid-agreement less disruptive than it can be with faster-depreciating machinery.

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