tillboy2001
Gold Member
- Joined
- Sep 7, 2004
- Messages
- 455
We plan on buying a new tractor soon and I was wondering about the John Deere financing. We plan on paying cash, but if the deal is right, we'd buy earlier than originally planned and use the Deere financing. My specific question is, do they have penalties for paying off the loan early, like say within 6 to 12 months after you get the loan? There's a 6 month no interest/no payment offer going right now. That might work for us if...
1. They don't charge a bunch of goofy fees to process the loan.
2. We don't get any penalties at all for paying it off early.
Basically, I'm looking to simply use the financing option to buy it sooner, but I'd still like it to end up looking like a cash deal (since we'll pay it off before 12 months). So if there are no big fees or any penalties for paying off very early, I say it's a win/win situation.
Anyone familiar with the JD financing and can speak to this? If not I'll havr to go to a dealer and talk to a sales guy.
1. They don't charge a bunch of goofy fees to process the loan.
2. We don't get any penalties at all for paying it off early.
Basically, I'm looking to simply use the financing option to buy it sooner, but I'd still like it to end up looking like a cash deal (since we'll pay it off before 12 months). So if there are no big fees or any penalties for paying off very early, I say it's a win/win situation.
Anyone familiar with the JD financing and can speak to this? If not I'll havr to go to a dealer and talk to a sales guy.