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  1. #1
    Silver Member
    Join Date
    Mar 2007
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    219

    Default WHY is kubota finance for bx now 42 months, was 48 in '08

    guys,
    same old intro- am not the brightest bulb in the lamp (took 11 years, 3 schools & 2 majors to earn my sheepskin).
    so WHY in these challenging economic times would/did kubota reduce the 0%
    financing from 48 months down to 42 months (yes i know, it's not really zero, due the lower cost you could buy the tractor for, were one to have cash in hand).
    is the bx that good a seller? at least in my area it's thousand(s sss) less than anything green.
    i wasn't an econ major . . . so any insight, theory or explanation from our dealers or those with a better handle on it than me on this site, please weigh in.

    p.s. was taking the trash out to the street this am, and could easily see whether or not i had traction with the ags on my bx looking through the lever slots . . . those kubota boys- think of everything! shrekbelly

  2. #2
    Super Member
    Join Date
    Apr 2002
    Posts
    6,687
    Location
    Northern Virginia
    Tractor
    Kubota's, John Deere's

    Default Re: WHY is kubota finance for bx now 42 months, was 48 in '08

    IMHO everyone is trying their best to hoard cash. Lowering months of credit is another attempt at trying to bring in cash.

    Good luck with the future BX.

  3. #3
    Super Member
    Join Date
    Dec 2003
    Posts
    5,544
    Location
    NC
    Tractor
    Kubota Grand L3830

    Default Re: WHY is kubota finance for bx now 42 months, was 48 in '08

    I wonder why we did not need "Bail Outs" or tax payer subsidized loans to industry prior to the days when one purchased an automobile or tractor they paid an interest rate of 6-8% for three years. Now we have 0% percent finance rates and finance for six - seven years and everyone needs tax payer money. Does anyone else see a problem with the 0% percent loans? Do we need to return to the days of paying an honest interest rate for money that we borrow rather than inflate the price to conceal what we are really paying and making people think they are getting some thing for nothing?

  4. #4
    Super Member
    Join Date
    Apr 2002
    Posts
    6,687
    Location
    Northern Virginia
    Tractor
    Kubota's, John Deere's

    Default Re: WHY is kubota finance for bx now 42 months, was 48 in '08

    It is what it is, take advantage of it if you think it is a good deal for you.

  5. #5
    Elite Member
    R.I.P.
    ChuckinNH's Avatar
    Join Date
    Jun 2003
    Posts
    3,075
    Location
    NH
    Tractor
    (B2620, had BX22) Simplicity Legacy w/48" mmm

    Default Re: WHY is kubota finance for bx now 42 months, was 48 in '08

    Quote Originally Posted by Gator6x4 View Post
    I wonder why we did not need "Bail Outs" or tax payer subsidized loans to industry prior to the days when one purchased an automobile or tractor they paid an interest rate of 6-8% for three years. Now we have 0% percent finance rates and finance for six - seven years and everyone needs tax payer money. Does anyone else see a problem with the 0% percent loans? Do we need to return to the days of paying an honest interest rate for money that we borrow rather than inflate the price to conceal what we are really paying and making people think they are getting some thing for nothing?
    It is what it is, but it sure doesn't help those of us that try to save, and then pay cash for something.
    B2620,Loaded R-4's , Wallenstein BX42 chipper, Bush Hog SQ148 RC, 4' x 8' chain harrow, Blizzard 54" 3PT snowblower, Tirechains. com v-bar duo grip chains (hate them), Simplicity Legacy with 48"mmm, turbo collector, Country Line carry all, Countryline Middlebuster, Woods 48" BB, Kubota QA for loader, Kubota forks, Kuhn EL23 rototiller, and more to come...

  6. #6
    Silver Member
    Join Date
    Apr 2002
    Posts
    151
    Location
    Pensacola Fl
    Tractor
    Kubota bx2200, L3940

    Default Re: WHY is kubota finance for bx now 42 months, was 48 in '08

    I recently purchased a L3940 and offered cash vs. financing. The dealer said the price was the same whether I financed it or paid cash. I financed it. He said the dealer didn't participate in the financing options. The Deere dealer said I'd pay more for cheap financing b/c the dealer paid part of the financing costs.

    Different policies for different companies.

    Interestingly, I just got a Form 1099 stating I paid 0 interest. Why bother?

  7. #7
    Platinum Member Evil the Weasel's Avatar
    Join Date
    May 2007
    Posts
    701
    Location
    Central NY
    Tractor
    Kubota B2620

    Default Re: WHY is kubota finance for bx now 42 months, was 48 in '08

    0% for 42 months is still a great deal. If the difference in payment between this loan and the 48 month kills the budget, it's time for a down payment or a lower priced machine. It doesn't help that the credit market is practically frozen right now. I'm sure the 48 month 0% deal will reappear. They change the financing options all the time, so maybe waiting a bit would work. Good luck.
    EtW - Kubota B2620

  8. #8
    Gold Member
    Join Date
    Sep 2008
    Posts
    285
    Location
    Central Maine
    Tractor
    Kubota BX24 TLB

    Default Re: WHY is kubota finance for bx now 42 months, was 48 in '08

    I purchased my BX in 08 and it was 42 months 0%. Price was the same cash or finance.

  9. #9
    Veteran Member bandit67's Avatar
    Join Date
    May 2004
    Posts
    1,544
    Location
    Foothills, Colorado
    Tractor
    B3000 HSDCC

    Default Re: WHY is kubota finance for bx now 42 months, was 48 in '08

    Also, every winter for the last half dozen years, the rates or term lengths have gone up, only to drop again come springtime when the old man's fancy turns to buying a new tractor.

    Since sales are a bit slow in winter, maybe mfr's figure the folks buying in the 1st quarter really need a machine and can't necessarily wait, so are willing to pay a bit more in finance charges. Come spring, when buyers are out shopping in full force, demand requires the best possible financing to help seal the deal.
    2012 Kubota B3000, block heater, filled rears, rear wheel spacers, fender extensions, LA403 w/60" bucket, BH77 w/12" bucket & mechanical thumb, Kubota pin-type QA, Kubota forks, Caroni TM1600 flail, Buhler Allied YC6010 3pt blower, Meyer 72" FEL mounted plow, Midwest LR2072 rake



    Previous machines:

    2008 Kubota B3030 (Open Station), LA403, BH75, 4 - 55w halogen front & rear ROPS mounted worklights with L39 dash switches
    2004 Case NH DX24E Subcompact

    Kubotas from Barlow's

  10. #10
    Member
    Join Date
    Jan 2009
    Posts
    45
    Location
    Washington State
    Tractor
    Kubota BX-24

    Default Re: WHY is kubota finance for bx now 42 months, was 48 in '08

    HEY I just got ripped. I bought a BX24 2 days before Christmas '08 and Offered Cash. The price was the same as financing so I financed it but they only give me 36 months. I think larger loans had longer terms. Now I check the Website at KubotaCreditUSA and they aren't offering 0% financing just three programs 2% adjustable rate, 0% for 7months then 7.99% and then a parts and service rate.

    I'm a bit confused, apparently they don't advertise their different promotions 0% promotions on their website? It doesn't bother me much since I was going to pay cash but now I just need a 1/3rd sitting in a savings account to make the auto payments for the year. The rest doesn't make much interest anyhow so it is not much different.

    Johnny

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