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  1. #1
    Silver Member Waldershrek's Avatar
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    Default John Deere financial for used equipment

    Just wondering if anybody has financed through a JD dealer for a used tractor and if so what the terms are as far as money down and interest rate. My local dealer has a tractor I'm interested in: Caznovia Equipment

    Tractor has pretty much everything I'd want except for maybe a bush hog but I can get that later.

    They also have this one which is four years newer but only has 100 hours less and is $2000 more and only has the FEL: Caznovia Equipment

    I guess I don't understand the pricing on these two machines.

  2. #2
    Platinum Member corey9212's Avatar
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    Default

    Quote Originally Posted by Waldershrek View Post
    Just wondering if anybody has financed through a JD dealer for a used tractor and if so what the terms are as far as money down and interest rate. My local dealer has a tractor I'm interested in: Caznovia Equipment

    Tractor has pretty much everything I'd want except for maybe a bush hog but I can get that later.

    They also have this one which is four years newer but only has 100 hours less and is $2000 more and only has the FEL: Caznovia Equipment

    I guess I don't understand the pricing on these two machines.
    I haven't financed a used tractor but have financed used attachments, from what the dealer said the process is exactly the same, good enough credit and nothing down, ok credit is 20% down. The interest rate was the same if buying new and there is no warranty on the used attachments.
    - 2013 John Deere 6125R
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  3. #3
    Super Star Member RoyJackson's Avatar
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    Default Re: John Deere financial for used equipment

    I've financed 3 used tractors through JD Financing. As long as you have decent credit, the rate will be lower then a bank loan...but do check.
    As far as a down payment, that's pretty much on a case by case nature. Obviously, the more you put down, the less you have to borrow.
    deere financing is, IMHO, definitely something to consider...
    Roy Jackson

    "Any government that does not trust its citizens with firearms is either a tyranny, or planning to become one."
    -Joseph P. Martino

  4. #4
    Silver Member Waldershrek's Avatar
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    Default Re: John Deere financial for used equipment

    I have good credit. Was a 750 a year ago and it's either the same or higher now so that should be no problem. I have just heard in the past that deere financial requires 20% down payment.

  5. #5
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    Default Re: John Deere financial for used equipment

    Quote Originally Posted by Waldershrek View Post
    Just wondering if anybody has financed through a JD dealer for a used tractor and if so what the terms are as far as money down and interest rate. My local dealer has a tractor I'm interested in: Caznovia Equipment

    Tractor has pretty much everything I'd want except for maybe a bush hog but I can get that later.

    They also have this one which is four years newer but only has 100 hours less and is $2000 more and only has the FEL: Caznovia Equipment

    I guess I don't understand the pricing on these two machines.
    I'm seeing the 2006 as $17.9k and the 2010 as $16.9k. The 2006 has a MMM which is worth at least $2k used and that makes up for the price difference due to the older machine.
    Also, the 2006 is listed as "off lot" so it may be there on consignment and the price may be set by the owner, not the dealer.

    Aaron Z
    A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects.
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  6. #6
    Silver Member Waldershrek's Avatar
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    Default Re: John Deere financial for used equipment

    Quote Originally Posted by aczlan View Post
    Also, the 2006 is listed as "off lot" so it may be there on consignment and the price may be set by the owner, not the dealer.

    Aaron Z
    That could be too although in the background I saw the service truck and some other stuff that made believe it was at the dealers.

    Do the 2520's have the same leaking problem with the gasket on the tranny as the 2320's?

  7. #7
    Super Star Member RoyJackson's Avatar
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    Default Re: John Deere financial for used equipment

    Quote Originally Posted by Waldershrek View Post
    That could be too although in the background I saw the service truck and some other stuff that made believe it was at the dealers.

    Do the 2520's have the same leaking problem with the gasket on the tranny as the 2320's?
    Consignment tractors would be at the dealer, but the pricing is set by the seller (with dealer input, normally). The seller normally provides the dealer with a bottom line price.

    As far as aczlan's comment:
    The 2006 has a MMM which is worth at least $2k used
    Well, the asking price might be $2K...but the actual sale price would probably be a lot less.
    Roy Jackson

    "Any government that does not trust its citizens with firearms is either a tyranny, or planning to become one."
    -Joseph P. Martino

  8. #8
    Silver Member Waldershrek's Avatar
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    Default Re: John Deere financial for used equipment

    Heck brand new a MMM is like $2500

  9. #9
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    Default Re: John Deere financial for used equipment

    The 2006 also includes a 47 snow blower.
    JD 4120, 400CX Loader, 72" HD bucket, I Match, Ballast Box, Frontier BB5084 Box Blade, Frontier 48" Pallet Forks
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  10. #10
    Silver Member Waldershrek's Avatar
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    Default Re: John Deere financial for used equipment

    Quote Originally Posted by chevy View Post
    The 2006 also includes a 47 snow blower.
    Yes it does.

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