Will 0% financing continue?

[Gale Hawkins]

With a real concern about deflation due to too few dollars chasing a glut of goods it is hard to see much increase in the cost of money unless it is the nations debts that drive it up trying to borrow the fewer dollars there are to borrow.

 

[Monster5601]

I just check Kubota's WEB site and good news, the 0% interest continues but they dropped the customer cash back of $300 when you bought with an FEL on the 0%.

 

[robininni]

I just check Kubota's WEB site and good news, the 0% interest continues but they dropped the customer cash back of $300 when you bought with an FEL on the 0%.

I think that was only on particular tractor/FEL combinations, so many purchases would not have benefited from this.

 

[bp fick]

Sure, it's back. Zero percent has been the norm, not the exception, for most of the past 3 years. This coincides with the going interest rate (in the sewer) and the general economy. (also in the sewer)

When they drop this for real and couple it with some hefty prices increases is when you'll know the economy is back. The downturn has already lasted longer than most, and the uptick is seemingly very, very slow and quite uneven.

 

[crazyal]

Does anyone know how the CIR works? Is it a rebate if you don't use the 0% financing? Is it something the dealer just takes off the price of the tractor?

 

[Ductape]

and the uptick is seemingly very, very slow and quite uneven.

What uptick ?????

 

[JOHNTHOMAS]

What uptick ?????

We're upticking in Somerset.

 

[bp fick]

We're upticking in Somerset.

That's the uneven part of it. Most regions have experienced nothing positive yet.

 

[Gale Hawkins]

We're upticking in Somerset.

Maybe we were so low up is the only way we could go.

While we are between KY Lake and the MS River I am impressed with the home and business construction in how it has been steady for the last 5 years and we see sale pending signs often within a couple weeks after a home has been listed.

i doubt there many who have purchased in the last 5 years that are upside down even and those looking for work seem to find it for the most part. Food banks are reporting an up tick in those they serve each month in 2009 but I know some of them were already retired and living on fixed incomes or retired early due to loss of jobs and were not prepared for retirement.

We hope chicken little's view does not become reality for us.

I know some states have been slammed harder than others. Farmland is selling higher than anytime in history and home prices have been steady for years. We will see how the lack of easy credit will impact things. I see new tractors and farm equipment of all types being delivered.

 

[Tractor Factor]

We're upticking in Somerset.

We're upchucking in New York.