Financing Used JD financing?

   / Used JD financing? #1  

ME83

Silver Member
Joined
Sep 26, 2007
Messages
152
Location
Western MA
Tractor
JD 110 TLB
I am going to go look at used JD 110 tlb at a Kubota dealer. Does anyone know what is available for financing a used JD tractor? Does JD themselves offer anything? Most people seem to recommend taking out a home equity loan, but I don't know if that will work since I don't own a house and my soon-to-be wife own a horse barn, which is under a LLC. Business loans have high interest also. Aside from saving my money and buying one with cash, what are my options?
 
   / Used JD financing? #3  
LB is right, the JD web site now shows 0% for 36 months on the 110 between today and the end of April.
 
   / Used JD financing?
  • Thread Starter
#4  
I have been seeing used 110's with less than 500 hrs advertised for 30k and less. It is hard to justify spending an extra $10k just to get a new one, especially when 500 hrs is just broken in. If I do look at new I would wait and see what comes out after May 4th. Even then Kubota is running 0% for 60 mo with 15% down for the M59, which cost only slightly more list and is more tractor. I would prefer used at this point.
 
   / Used JD financing? #5  
I bought a used JD 4110 last year (October) from a JD dealer. The interest rate for a used machine from JD Credit was about 10% at that time. However, as part of "my deal" the dealer was willing to buy down the JD Credit interest rate to about 5% for 4 years.

For me, the used tractor price at 5% interest was more attractive than a new tractor at 0%.
 
   / Used JD financing? #6  
Doesn't matter what interest rate JD has right now on a used unit if you are buying from a Kubota dealer you need to be asking what rates Kubota Finance has on used equipment.
 
   / Used JD financing? #7  
Quoted today from my JD dealer...........

New.......0% for 36 months.
Used.....2.49% for 60 months.........and.......1.49% for 48 months.

Northwest Pennsylvania.
 
   / Used JD financing? #8  
Quoted today from my JD dealer...........

New.......0% for 36 months.
Used.....2.49% for 60 months.........and.......1.49% for 48 months.

Northwest Pennsylvania.

That was a gaffe:eek: Those were new prices past the 36 month mark.......if you were going to buy used......go with a home equity loan.....much cheaper than a conventional equipment loan. It all depends on you credit rating
 

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