Buying Advice 2320 enough horses?

[Reg]

Maybe it's just semantics, but the difference is whether or not you personally can save money. When a manufacturer establishes a 0 interest promotion, there is still only one pricing structure and you can't go back to the manufacturer and get a lower price by paying cash.

When I bought my 2320 I had the money in the money market account to pay cash. However, by financing it at 0%, I keep that money invested (admittedly at a low interest rate today) while I'm paying it off. At the end of three years, when the tractor is paid off, I will have as much as $1000 more in the money market account than I would have had if I had paid cash. John Deere has a little less money than they would otherwise, but that's not my concern. Effectively, they reduced the price for me below what they would have charged a cash buyer.

I guess I dislike the idea of going into debt for things, especially for non-essential things.
Yes, manufacturers can set terms and insist that their dealers/distributors stick to those terms.
I have the freedom to avoid those terms/conditions by not needing dealer/distributor/factory financing.
For me it isn't a question of shopping for 2% vs 1% or 0% ON PAPER with the rest hidden in an inflated price.
If it means buying brand Y instead it is their loss not mine.

Anyway, that has been my experience - and I will state again that I dislike going into debt for anything less essential than housing.
That is paid off too - I failed to refinance it to invest my equity in the various market crashes, silly me (-:

So "debt free" has it's value too (-:
I didn't get to this position overnight, I have had payment books - ~no more~
My credit rating probably sucks anyway, I pay of credit cards fully every month and without loan history I probably couldn't get a loan anyway, so maybe there is a downside (-:

 

[sseelhoff]

We have the 2320, 60 inch cutting deck, FEL and harrow. It's perfect for maintaining our 10 acres of pasture. Can't think of anything I have done that left me longing for more power. That being said, if you can avoid the 2520-go for it. I would always rather have more power and not need it, then less power and need more.

 

[pdp11]

That being said, if you can avoid the 2520-go for it.

I take it that was meant to say "afford" and not "avoid". Looks like what my iPad does to the words I type. **** you auto-correct.

 

[sseelhoff]

I take it that was meant to say "afford" and not "avoid". Looks like what my iPad does to the words I type. **** you auto-correct.

D'oh.:laughing:

 

[CHRISGERACE]

I LIVE IN WESTERN NEW YORK,,AND GET THIS, TWO DAYS AGO IT WENT TO 72 MONTHS 0 %INTEREST,,I DONT CARE WHAT YOUR ISSUE IS WITH FINANCING,,17,000 OVER 72 MONTHS USEING SOMEONE ELSE'S MONEY,,YOU CANT BEAT THAT(YES,I KNOW ITS MY MONEY IN THE END)

 

[Reg]

I LIVE IN WESTERN NEW YORK,,AND GET THIS, TWO DAYS AGO IT WENT TO 72 MONTHS 0 %INTEREST,,I DONT CARE WHAT YOUR ISSUE IS WITH FINANCING,,17,000 OVER 72 MONTHS USEING SOMEONE ELSE'S MONEY,,YOU CANT BEAT THAT(YES,I KNOW ITS MY MONEY IN THE END)

My only "issue" (and I think it should be yours too) is how little I could get the same/similar tractor for if I paid ca$h.

Alternatively, how much MORE TRACTOR would I get for the same $17K money of the CA$H type ?

I deliberately said same/similar because "for the right deal" it may be necessary to change color/emblem loyalty.
If you are already wedded to a particular brand name this option may be closed to you.

This may be the lock-in, i.e. if it is a FACTORY inflexible rule of same price whether cash or credit then they GET those who are foolish enough to pay cash.
I say foolish because when the next round of inflation really gets under way (political cycles, etc) interest rates will go up and $_teen_K could make some interest if left in a CD or money market account - or even the next big thang on the stock market (-: