John Deere Lease Rates Calculator
24 Months
36 Months
48 Months
60 Months
500 Hours/Year
750 Hours/Year
1000 Hours/Year
1500 Hours/Year
Calculated Residual Value:
$0.00
Total Depreciation:
$0.00
Monthly Rent Charge:
$0.00
Estimated Monthly Payment:
$0.00
How to Use the John Deere Lease Rates Calculator
Leasing John Deere agricultural equipment, from 8R Tractors to S-Series Combines, requires understanding how usage impacts cost. Unlike a standard loan, a lease focuses on the depreciation of the machine during your possession.
To get an accurate estimate, input the total equipment cost, your preferred term, and most importantly, your engine hour usage. John Deere Financial heavily weights the residual value (the price of the machine at the end of the lease) based on these hours.
Key Factors Influencing Your Lease Rates
- Engine Hour Limit: High-hour limits (1500+/year) decrease the residual value, which increases your monthly payment.
- Residual Value: John Deere equipment typically holds a high residual value (50-65% after 3 years), which keeps payments lower than competitors.
- Lease Rate Factor: This is the cost of borrowing. While it functions like interest, it is applied to the combined value of the equipment price and residual.
- Advance Payment: Any capital reduction or trade-in value applied at the start of the lease to lower the base capitalized cost.
Example Calculation
| Variable | Input Value |
|---|---|
| Equipment: 6155M Tractor | $180,000 |
| Lease Term | 48 Months |
| Annual Hour Limit | 750 Hours |
| Residual Percentage | 52% ($93,600) |
| Monthly Payment (Est.) | ~$2,300.00 |
Why Lease Agricultural Equipment?
John Deere leasing is often preferred for cash flow management. By only paying for the portion of the machine's life you use, you free up capital for seed, fertilizer, and labor. Additionally, many agricultural leases qualify as operating expenses, offering potential tax advantages under Section 179 or standard deduction rules (consult with a tax professional).
Leasing also ensures your fleet stays under warranty. By cycling machines every 36 or 48 months, you avoid the high maintenance costs associated with out-of-warranty tractors and combines, ensuring maximum uptime during critical planting and harvest windows.