Insurance john deere vs kubota ins

[smstonypoint]

The insurance stuff is unrelated to the 0% interest stuff. The actual cost of the "0% interest" shows up as the cash discount. If you were motivated you could easily figure out the interest rate by calculating the cash discount price vs. the asking price. Probably need to figure in compounding & junk, but I don't like math.

You don't like math? You are missing out on one of the great pleasures of life.

See http://www.tractorbynet.com/forums/kubota-buying-pricing/192605-cash-purchase-versus-0-financing.html for a lesson on the comparison of 0% financing to a cash discount/rebate.

Steve

 

[Bluegill2]

More confusing than obamacare

You think it's bad now? Just wait...

 

[ranchland]

The insurance stuff is unrelated to the 0% interest stuff. The actual cost of the "0% interest" shows up as the cash discount. If you were motivated you could easily figure out the interest rate by calculating the cash discount price vs. the asking price. Probably need to figure in compounding & junk, but I don't like math.

While the 0% interest thing is a bit of a misdirection, it isn't an outright lie & most of the manufacturers seem to be doing it. As I said I went for it knowing full well what was going on behind the scenes.

The insurance is built into the loan. It is not a separate entity. I asked if I could pay cash for the ins and was told no. They did say I could put $2k down if I wanted. So if you subtract 2k from what my loan is then my total would be about 30k. That is everything, cutter,box blade, auger,pallet forks.
I told the guy who delivered it the deere vs kubota ins story and he had nothing but good things to say (biased obviously) about katc. He told me about a guy who had run a stick through the radiator and continued to work the tractor and the engine seized up. Katc put a new engine in it with no arguments.

 

[ranchland]

Anyway here it is

 

[ranchland]

View attachment 344137

Anyway here it is

 

[ranchland]

Funny, wasn't delivered upside down or twice. Forgive me not real good at this:confused2: trying to do this on a cell phone

 

[smstonypoint]

View attachment 344137

Anyway here it is

You had it delivered to Australia?

Steve

 

[ranchland]

Apparently or as my daughter used to say "WELL DUH!" :shocked:

 

[econometrics]

Good looking tractor and set up there!

 

[TripleR]

Hope this works.