# Land Drilling Rigs

Canonical URL: https://fundmyequipment.com/equipment/oil-and-gas/land-drilling-rigs/
Last modified: 2026-05-29T19:39:17+00:00
Type: efin_equipment

## Summary

Land Drilling Rigs financing. Average asset price $8,500,000. Soft-pull pre-qualification, no credit impact.

## Fast facts

- Typical term: 36 - 84 months
- Minimum FICO: 580
- Soft-pull pre-qualification, no credit impact

## Content

Land Drilling Rigs financing covers loans, leases, and equipment finance agreements (EFAs) for businesses purchasing land drilling rigs in the oil & gas category. Average asset price is about $8,500,000. Typical terms 36 to 84 months with a typical replacement cycle of 18 years.Below we cover rates by credit tier, qualifying documentation, used-vs-new dynamics, Section 179 implications, and how to compare lenders on this equipment.