chh said:Your on the right track with paying cash. I do not finance anything anymore. If I can't pay cash I can't afford it.
Well said.
chh said:Your on the right track with paying cash. I do not finance anything anymore. If I can't pay cash I can't afford it.
chh said:My personal choice is to stick to all mainstream brands do to the fact that I trade tractors often enough that resale is an important issue to me. (Skip blasting me about Mahindra going the be #1 someday, I've heard it all before and I'm not knocking them except on resale)
GaryCrowell said:. In my opinion there's really no good reason to go outside of John Deere, Kubota, Massey Ferguson, or Case/New Holland when purchasing a tractor. These are the first tier companies and what sets them apart from the others are their vast dealer and parts networks. If you need something for one of their tractors it's most likely in a warehouse within 200 miles of you and can be there within 24 hours. Need something for a Mahindra, Kioti, or Branson? Good luck. Stick with the first tier brands, you'll be glad you did in the long run.
wvtechs said:The way I see it is simple. If Agricredit (or any other lending institution) doesn't think I am trustworthy enough to pay them back, I am quite happy to pay cash and pay myself the interest that I would have been paying to them. In fact, before I got the "itch" to buy a tractor, I had always insisted on paying cash for everything.
Negligence said:Sure, it's nice to say the tractor is yours, but the interest you can earn over four years will help offset the depreciation cost of the tractor if you bought with cash. Just a thought!
Negligence said:Either way you look at it, the 0% financing is better than a cash deal unless you sleep on top of piles of money surrounded by beautiful ladies. You did say it would eat into the security of your savings, and to me that's a stoplight. I wouldn't run from financing just because you got denied. Offer a larger down payment and try again, or try another manufacturer.