Should I pay Kubota Credit Corp off or make payments?

[Verticaltrx]

I can say that for me personally I would pay off the Kubota loans (or any other consumer debt) first, then go for the mortgage. I know a lot of people will disagree, but really the interest rate games aren't making you much money.

I bought my Kubota back when there were no cash incentives (as close to 0% interest as you could get) and decided to finance because I could keep the money and have it earn interest. I had the money to pay cash up front but decided to finance due to the thought of using 'free money'. Well, I decided that what I truly made on interest was small and I'd rather be debt free. I wrote Kubota a check for the remaining balance last month and payed it off 2yrs early.

Not sure what all else you may owe money on, but putting the money towards being debt free would be my goal. When you aren't making payments on anything you can pile up money fast...

:thumbsup:

 

[JOHNTHOMAS]

:laughing::laughing:Buy another Kubota:laughing::laughing:. Without the rental property that has the 6 septic tanks and the garden to plow and till for the renters and also now having a paid for F2680 that was exclusive to the rental property so no need for it at all now of all the things I don't need is another Kubota.
I did evaluate trading the excess F2680, B2320 and BX25 for one machine but alas I don't need/want anything bigger than the BX25 and the B2320. Actually have the F2680 excess but I'll look for some interesting trades with it, maybe adjoining land to my current home property.
I will pay off the loans on my Challenger and Avalanche and keep back enough to pay the IRS for their hunk of my capital gains.
I'm a buyer and seller so will hold Kubotas cash for awhile before getting rid of it looking for that 'bargain" for resale. Actually been buying and selling real estate for over 30 years and even ended up having to take 2 building lots in a nice Subdivision to make the deal/sale in addition to the cash.
I don't write checks or send payments to Kubota. They take it out of my checking account so there is no forgetting to make a payment or bother.
Was wondering how many would say to pay Kubota now due to concern for whatever but that's not going to happen. I'd put it in jars and bury it in my yard first. That's where I'm coming from attitude wise but I'll buy candy bars/soft drinks/pop and double or triple my money at yard sales first.:laughing:
I have Kubota insurance on the RTV1140 but want their insurance on it anyway since I drive it off te property. May have Kunota Ins on the B2320 but will also maybe be using it to plow and till for other people in my neighborhood so want their insurance on it. Don't have Kubota Ins on the others just my homeowners which covers them for my needs and Kubota requirements.
I guess having been a Real Estate Broker/Professor and being involved in Real Estate Sales/Development for fun and profit/money for 25 years will get alot of my attention but Real Estate Speculation/Investing has changed and is a different beast than in the past but there will always be opportunities in Real Estate but will just require a few new rules.
All I will owe will be a house payment which doesn't bother me one bit, it is a small part of my monthly income and the Kubota payments which will be dropping off some each year until "poof" one day they to will be gone and they to are not a big drain on my monthly income. I'll still be able to travel and buy "toys and tractor implements" on the credit cards that I always pay off each month, love those free Motel at Quality Inns for using credit cards.
Any way I'll not be paying off Kubota.
Now where to find a bunch of jars.
I do have a hundred hour or less F2680 60" rear discharge Kubota for sell or trade.:thumbsup:

 

[OrangeRidge]

The only sound answer is pay down your home loan. I wouldn't be
buying any stocks at the moment . There's trouble in the wind.
I'm holding a load of cash , since I'm hoping on a bear-run in 2012........
I sure wouldn't pay out a zero loan ; makes no sense whatsoever.

 

[KTAC]

Just a quick note on your insurance... Yes. The insurance will terminate at the time the loan is paid off or reaches maturity. However, you do receive a refund for the unused portion that is applied to your account (it is automatically deducted from your payoff when quoted over the phone). If you have a Kubota we will cover you and the rest of your equipment (for the most part) regardless if you have a loan with KCC. We have annual policies for Customers that payoff their loan, paid cash, financed elsewhere, etc... Our thought is if you have a Kubota paid for and we (KTAC Insurance Agency) help you out when you need it most, it may be the deciding factor on staying a Kubota Customer or not. :thumbsup:

 

[bigbull338]

if it was id pay off the kubota loans.because if you dont itll be ate up in taxes.if i foundout that im gonna have to pay taxes since i run a farm.i usually go buy equipment thats a write off an save money in the long run.

 

[beppington]

:laughing::laughing:Buy another Kubota:laughing::laughing:. Without the rental property that has the 6 septic tanks and the garden to plow and till for the renters and also now having a paid for F2680 that was exclusive to the rental property so no need for it at all now of all the things I don't need is another Kubota. ...

You plow/till the renters' garden(s)? Is that included in the rent, or separate?

Why are you selling the rental property?

 

[devildog1]

JT paying off the Kubota loans gets you nothing except the satisfaction of having them payed off. My opinion would be to hold money in either a savings account or put it in a tax shelter investment for later use. If you pay off some of your mortgage then you loose the only tax write off you can claim when you do your taxes. Humm, makes sense to me.
DevilDog

 

[KeithInSpace]

I would not pay of Kubota loans at 0%.

I would not pay down house at 3.75% unless payoff somehow coincided with retirement or some other event leaving me with a very fixed income.

We are 'under the mattress' types of people. I would put the 'spare' money in an account and either get interest for it (low-risk investment or CD) or make tractor payments against it, removing the monthly pain of ownership.

 

[JOHNTHOMAS]

You plow/till the renters' garden(s)? Is that included in the rent, or separate?
I had a big field that had leetch lines in part of it and I wanted a tax deductable tractor soooo I bought the B2320 to plow and till a garden for renters at no additional charge, Keeping good renters is a good thing.
Why are you selling the rental property?

A good friend is a home building contractor and he's 56 with no real retirement plan. I was encouraging him about buying a good clean properly priced mobile home park such as I have for his retirement. He couldn't find one as nice as the one I have which I've worked for 5 years making into the nicest and safest one in my County. I'm also a tackle a project, work hard, get it to running good then I'm done other than Counseling, it's my passion and where my heart is. I'm 64 so we came to the understanding that I can dedicate more time to my Christian Family/Marriage Counseling Practise with free office space for one year and free storage for one year. Worked it out to help him for a year and move on to whatever else the Lord sends for me to do.

JT paying off the Kubota loans gets you nothing except the satisfaction of having them payed off. My opinion would be to hold money in either a savings account or put it in a tax shelter investment for later use. If you pay off some of your mortgage then you loose the only tax write off you can claim when you do your taxes. Humm, makes sense to me.
DevilDog

Your right except for Charitable Contributions so I'll hang on to the home mortgage until the Gvmnt eliminates that or Charitable Contributions or both and then pay it off.

I would not pay of Kubota loans at 0%.

I would not pay down house at 3.75% unless payoff somehow coincided with retirement or some other event leaving me with a very fixed income.
I have been living on a fixed income for over 10 years which meets all of my payments, travel, contributions, house payments and tractors and some left over for "stuff". The Lord Blessed me with a good retirement fixed income package. I even got a $7 raise this year on one of the retirement checks. Still have no interest in paying ff the home loan. Retired but not senile or dead. Will be using the money and not at Casinos or Horse racing tracks. Cars, tractors and travel are my vices.
We are 'under the mattress' types of people. I would put the 'spare' money in an account and either get interest for it (low-risk investment or CD) or make tractor payments against it, removing the monthly pain of ownership.

That is no pain to me. That's an attitude thing but again I know my normal monthly expenses and my fixed monthly income and they match pretty well. When I have excess there are always other people that can and do use the excess. I don't need it so I give it away which is where the Charitable Contributions deduction comes in.

 

[ridger]

theres nothing more rewarding than being debt free