RobJ
Elite Member
As to the new v. used question, yes there are numerous used tractors for sale, but I'm no expert on judging how well the machine has been maintained etc. I've done maintenance on my diesel trucks, and on my other vehicles, but how someone has maintained their equipment is a large question mark that I don't have the expertise to judge.
I've always bought new automobiles and trucks, and then kept the vehicles for 10+ years making sure that they're well maintained, and keeping the documents for resale. In this case, there won't be another tractor in my lifetime, at least not for working the land, so making payments for 5 years, although painful, is an easier pill to swallow than trashing my savings for a used tractor that will cost almost as much. I peruse tractorhouse.com quite a bit, and most of the newer CUTs seem to hold their value very well-or else the owners are very proud of them. The one's under $12K seem to be pretty well used.
As to the "free money" line, interest rates are by definition the cost of money. Borrowing at 0% when inflation is officially at 6.5% is actually better than free. Kubota is losing on the money because it's getting paid back in currency of less value over the length of the loan.
Anyway, thanks again for all the input, it has been very helpful.
If you are looking used, ask if they are a TBN member. If yes then the tractor has been lightly used and well cared for!! Otherwise you have to be patient. 4-5 months for me but for $5k I got the tractor, FM and RC. about 1200 hours 6 years old.
Sounds like you are use to buying new and there is nothing wrong with that at all, wis I could. Nothing like being the first to use something. I buy 1-3 year old cars and still keep them 9-10 years.
And that was me with the free money line.. I guess inflation is a lot higher than I thought, but I think you missed my point, not a biggie. U.S. Inflation Rate Forecast
Good luck and post some pics when you take delivery!!! we love pics here!
Rob