Will 0% financing continue?

[framer]

I believe you don't get something for nothing.Very good marketing plan by
Kubota and other companies.Prices are plenty high enough to make up the losing on intrist mony.For Kubota to make there case for no intrist there is not incentive to buy with cash.Most people use credit.That's my take.

 

[robertwhite]

I would be willing to bet that if any of the major companies drop the 0% financing at this point, in this economy, they will see at least a 25% decrease in sales for the year.

Lets just use a hobby farm/homeowner compact as an example.

$20,000 loan @ 6% for 60 months = 386.66 a month

$20,000 loan @ 0% for 60 months = 333.33 a month

That's an extra $53 in the buyers pocket every month for 60 months, or a total of $3180. That's a huge amount of money for a lot of folks, especially if they are struggling to pay the bills every month.

 

[KeithInSpace]

...continue after 5/31 ?

Funny...the same questions were posted when I started visiting this forum. And there was a 0% offer in place when I purchased in March of 2006. And while there have been some brief breaks in the offer over the past 4+ years, it has generally been a dealership staple.

So it may, indeed, end on May 31. And it'll be replaced by new banners and another 0% offer on June 3.

Funny thing is that I financed 1/3 ($5,000) of my initial purchase through Kubota and DID NOT use the 0% offer. We run our own business and had just purchased a home, so my wife wanted to absolutely minimize our monthly obligation. At the time, you could only do the 0% for 3 years, I think, and there was something weird about the 'small print' that made the 0% more expensive for our situation...don't recall what it was. So we opted for a 2.9% deal over 4 or 5 years. Don't remember the particulars. We paid it off within a year.

 

[Bill in VA]

At the local Kubota dealership on Friday they were coming around to the salespeople making sure that any paperwork was completed to protect any purchases under the 0%. I believe that they believed the 0% would not continue.

My expertise in this area is minimal so I can't venture any opinion but the dealership activity was obvious.

 

[Gale Hawkins]

At the local Kubota dealership on Friday they were coming around to the salespeople making sure that any paperwork was completed to protect any purchases under the 0%. I believe that they believed the 0% would not continue.

My expertise in this area is minimal so I can't venture any opinion but the dealership activity was obvious.

US money supply plunges at 1930s pace as Obama eyes fresh stimulus - Telegraph

I really do not understand a lot of stuff in this article but it seems there is a shortage of money to be loaned. The government I read is upset with money being put into gold, land and other stuff that which means they can not borrow it and less money in the banks makes interest rates increase over time some think.

 

[MATTS875]

I hope they continue the 0% because if they do, I have decided on the L3700SU with cruise control. I think they will wait a month or so before they put it back on, but there is always a deal.John deere has theirs continuing I believe for a couple of more months.I hope kubota does continue because I had rather buy it than the JD's I have looked at.something about plastic hoods and fenders on a tractor...

 

[Gale Hawkins]

Only 18 hours to wait to know.

 

[MATTS875]

I will keep my fingers crossed..

 

[CurtisG]

I have been calling my dealer all day but they must be closed in observance of Memorial Day. I had finally decided on the Kubota B2620HST but now I will have to wait and see if the 0% is coming back. It made a difference in my choice of tractors as the Mahindra 2516HST was about $1300 less, so now I will wait and see! Shucks, I was too slow in deciding!

Curt

 

[Slade]

Mine is closed too. I was going to pick up a BX 2660 with 54" MMM, so I guess I'll see what tomorrow brings.