1st payment done

[vaskeet]

well I took the money that I was going to pay for the tractor with and paid off other bills and will use the 0%. Even if the only bill you have is your house payment it still makes sence to me to get as much at 0% as I can and put my available cash on the principal of the house/property. There is 4.5 or more % If you have any credit cards or other loans it could save you some big bucks. By the way I run my cars/trucks until they fall apart I have a 94 ranger 180000 miles a 98 ram 1500 190000 miles a 06 ram 2500 diesel 70000miles a 07 honda 85000 mile and just junked a 96 avalon with 370000 miles. but I shoot skeet with a krieghoff K80

 

[JJZ 109]

well I took the money that I was going to pay for the tractor with and paid off other bills and will use the 0%. Even if the only bill you have is your house payment it still makes sence to me to get as much at 0% as I can and put my available cash on the principal of the house/property. There is 4.5 or more % If you have any credit cards or other loans it could save you some big bucks. By the way I run my cars/trucks until they fall apart I have a 94 ranger 180000 miles a 98 ram 1500 190000 miles a 06 ram 2500 diesel 70000miles a 07 honda 85000 mile and just junked a 96 avalon with 370000 miles. but I shoot skeet with a krieghoff K80

Your motives sound reasonable to me, but I'm sure that the resident financial wizard of this topic will come along to tell you that you're mistaken. :2cents:

 

[JOHNTHOMAS]

well I took the money that I was going to pay for the tractor with and paid off other bills and will use the 0%. Even if the only bill you have is your house payment it still makes sence to me to get as much at 0% as I can and put my available cash on the principal of the house/property. There is 4.5 or more % If you have any credit cards or other loans it could save you some big bucks. By the way I run my cars/trucks until they fall apart I have a 94 ranger 180000 miles a 98 ram 1500 190000 miles a 06 ram 2500 diesel 70000miles a 07 honda 85000 mile and just junked a 96 avalon with 370000 miles. but I shoot skeet with a krieghoff K80

To me this is the best financial option.:thumbsup: Mentally, not financially, the driving vehicles that long would kill me, notice I said mentally and not financially. There is a difference in good mental health and financial health..

 

[TripleR]

Giving really good "one size fits all" financial advice not knowing someone's full details is almost impossible. My niece is a CPA for one of the largest financial companies in the country who deals with multimillion/billion dollar accounts, my sons, son in law and others are business owner/operators, we have rent houses, farms, LLC and some of the professional advice given often seems counter-intuitive, but it works out in the long run.

I am sure glad I don't have to depend on my own financial acumen.

Just an observation; not aimed at anyone in particular.

 

[JJZ 109]

Giving really good "one size fits all" financial advice not knowing someone's full details is almost impossible. My niece is a CPA for one of the largest financial companies in the country who deals with multimillion/billion dollar accounts, my sons, son in law and others are business owner/operators, we have rent houses, farms, LLC and some of the professional advice given often seems counter-intuitive, but it works out in the long run.

I am sure glad I don't have to depend on my own financial acumen.

Just an observation; not aimed at anyone in particular.

That's right Triple R. Everyone has a different financial situation. Then there's also the issue that John brings up about mental and financial health not necessarily always meshing. :laughing:
When I was in the process of setting up a business the first thing I did was to spend some time with my accountant. Time well spent.
On the personal finance side of things, I have an advisor who's done well in my book. I don't have the time to evaluate different mutual funds and other financial vehicles. These guys do this day in and day out so I turn to them. They don't tell me how to hang gutters and I don't suggest investments or tax strategies to them. :thumbsup:

 

[rScotty]

Absolutely terrible financial advice in the context of a no interest loan. A rank amateur will easily be able to earn 5% a year investing in any 4 star diversified mutual fund. If you take 25K cash on hand and spend it on a 25K tractor instead of investing it you will lose $6,250 unless the dealer gives you a $6,250 discount for paying cash. Sheesh, come on people, think.

Ah....I wish it were so easy, but it isn't.

I do agree that it's easy in hindsight for anyone to see how they could have made a small profit over a short period of time.

But in my experience it takes real work in real time to do more than merely break even....and a bit of luck helps too. In fact, it can be eye-opening and sometimes discouraging realizing how often a bit of luck is just as important as any other factor.

Here's some solid advice on whether to use Kubota's financing or not:
Take the price of the tractor and compare that to what your local bank will pay you if you buy a bank CD for the same amount of money over the same finance period. That will give you a usable dollar number for how much Kubota's 0% financing is worth on the market today. Then structure the deal to fit your own situation.

But don't let any of this stop you from getting a tractor. Some things are just too important to miss out on.

good luck, rscotty

 

[logdog]

But don't let any of this stop you from getting a tractor. Some things are just too important to miss out on.

Aint that the truth!:thumbsup:

 

[TripleR]

That's right Triple R. Everyone has a different financial situation. Then there's also the issue that John brings up about mental and financial health not necessarily always meshing. :laughing:
When I was in the process of setting up a business the first thing I did was to spend some time with my accountant. Time well spent.
On the personal finance side of things, I have an advisor who's done well in my book. I don't have the time to evaluate different mutual funds and other financial vehicles. These guys do this day in and day out so I turn to them. They don't tell me how to hang gutters and I don't suggest investments or tax strategies to them. :thumbsup:

Don't I know it, on that John and I agree. There are times I will over rule my financial advisor because I want something that may not makes the best of financial sense. I am old enough and have learned enough however never to put our financial health/stability at jeopardy. Overall, it would make more financial sense to sell some of of our tractors, bush hog much less often and pay to have someone else do much of the work. I did now however retire to sit around and rot nor did we buy these farms to make money; we enjoy it.

 

[crazyal]

Absolutely terrible financial advice in the context of a no interest loan. A rank amateur will easily be able to earn 5% a year investing in any 4 star diversified mutual fund. If you take 25K cash on hand and spend it on a 25K tractor instead of investing it you will lose $6,250 unless the dealer gives you a $6,250 discount for paying cash. Sheesh, come on people, think.

On more than one occasion rank amateurs have lost lost their shirts too because of bad advise. How many more Bernie Madoff type people are out there? I bet in November of 2008 brokers would have said "that's a safe place to put your money, a Madoff fund is as good as gold", we now know how that turned out. Rank amateurs are best not investing money they can't afford to loose.

 

[crazyal]

Ah....I wish it were so easy, but it isn't.

I do agree that it's easy in hindsight for anyone to see how they could have made a small profit over a short period of time.

But in my experience it takes real work in real time to do more than merely break even....and a bit of luck helps too. In fact, it can be eye-opening and sometimes discouraging realizing how often a bit of luck is just as important as any other factor.

Here's some solid advice on whether to use Kubota's financing or not:
Take the price of the tractor and compare that to what your local bank will pay you if you buy a bank CD for the same amount of money over the same finance period. That will give you a usable dollar number for how much Kubota's 0% financing is worth on the market today. Then structure the deal to fit your own situation.

But don't let any of this stop you from getting a tractor. Some things are just too important to miss out on.

good luck, rscotty

Don't forget Kubota is offering a discount for paying cash (at least the last time I looked they were). When I bought it was $1000.

I agree do what you feel comfortable with and get the tractor that fits your needs.