bp fick
Super Member
The Fed rate right now is what? A quarter percent?
Sure, there CAN be zero percent. The question is whether there is truly zero tractor loans being offered. If there is a "charge", something akin to a few hundred dollars, then that is a straight out, old fashioned buy down, or pre-pay program. Easy enough to compute as 3-5% interest, or there about.
To move hardware in the midst of a global recession of this magnitude, zero or near zero interest rates are precisely what it takes. Who in the world would pay yesterday's interest rates of 9% or some such? And, who could move hardware at 9%? Nobody. Welcome to the current age where 3% is considered a good return.
Sure, there CAN be zero percent. The question is whether there is truly zero tractor loans being offered. If there is a "charge", something akin to a few hundred dollars, then that is a straight out, old fashioned buy down, or pre-pay program. Easy enough to compute as 3-5% interest, or there about.
To move hardware in the midst of a global recession of this magnitude, zero or near zero interest rates are precisely what it takes. Who in the world would pay yesterday's interest rates of 9% or some such? And, who could move hardware at 9%? Nobody. Welcome to the current age where 3% is considered a good return.