Monarch Tractor Announces Financial Services Arrangement with CNH Industrial Capital

Jun 01, 2023

Monarch Tractor, the maker of the MK-V, the fully electric, driver-optional, connected tractor, today announces a new financial services agreement with CNH Industrial Capital America.

As a result of this new arrangement between Monarch Tractor and CNH Industrial, Monarch Tractor’s technology will reach new farmers in expansive geographies across the country, and leverage CNH Industrial Capital’s expertise in the agricultural equipment financing sector within the CNH Industrial dealer network.

“CNH Industrial Capital will support dealers in floor-planning and in delivering the new Monarch Tractors to their customers, while acquiring knowledge in the electric equipment market, which is expected to grow in importance in the future, including with the introduction of electric equipment by CNH Industrial brands,” said Doug MacLeod, President CNH Industrial Capital, North America.

As Monarch Tractor is currently processing deliveries for Q4 2023, Monarch Tractor welcomes dealers to contact their team as they prepare for their 2024 national rollout. Monarch Tractor is actively fulfilling a backlog of orders. As production continues to run, orders received now can be anticipated in Q4 2023. To become a Monarch Tractor dealer, visit https://www.monarchtractor.com/become-a-dealer.

Source : Farm Equipment

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