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  1. #11
    Elite Member DT86's Avatar
    Join Date
    Dec 2010
    Posts
    2,790
    Location
    SWVA
    Tractor
    Kubota 9540, RTV 900 and David Brown 885.

    Default

    Quote Originally Posted by kiotiken
    Yearly payments??? I've never heard of such a thing.
    On both machines I paid 20% down with four yearly (20%) payments at 0% interest. It helps because we sell cattle in the fall, that's when I have the most money and that's when the payments are due. I had to buy them in a business name to get this from kubota.

  2. #12
    Veteran Member kiotiken's Avatar
    Join Date
    Aug 2011
    Posts
    2,085
    Location
    Dunrobin, Ont
    Tractor
    2012 Kioti DK45 HST Cab

    Default Re: Whoo-ee..Finally I own it!

    Quote Originally Posted by Gator6x4 View Post
    Used to be the prefered way to pay with the agriculture industry. Keep cash on hand in the event a large equipment repair or replacement was needed just before or during harvest time. Yearly payment was usually made during harvest time when cash flow intake was at it peak.
    Quote Originally Posted by DT86 View Post
    On both machines I paid 20% down with four yearly (20%) payments at 0% interest. It helps because we sell cattle in the fall, that's when I have the most money and that's when the payments are due. I had to buy them in a business name to get this from kubota.
    Thanks guys, this makes sense to me now. It's very interesting and probably unique to agricultural equipment. I do see a lot of risk for both parties if there were a crop failure or other issue that wiped out a years income.

  3. #13
    Elite Member DT86's Avatar
    Join Date
    Dec 2010
    Posts
    2,790
    Location
    SWVA
    Tractor
    Kubota 9540, RTV 900 and David Brown 885.

    Default

    My two machines cost me about $30/day right now just in payments. There is no way I could make normal monthly payments. But come fall its not hard to have the money ready.

  4. #14
    Platinum Member
    Join Date
    Jun 2012
    Posts
    932
    Location
    Mt Crawford Va
    Tractor
    massey GC 2400 JD LA 145

    Default Re: Whoo-ee..Finally I own it!

    Cool, but I think I hear your dealer calling to sell you a new tractor.

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