Buying Advice Kubota or Kioti or Mahindra or LS or McCormick????

[TomSeller]

They had a Earthquake that caused a Meltdown.

Right. They cover earthquakes, but not earthquakes that trigger tsunamis that trigger nuclear accidents.

 

[murphy1244]

I guess it depends on where you were at in Japan.

 

[freewookie]

Insured my Kioti with State Farm under their personal articles rider. It's just under $300 a year. Added my JD GT235 at the same time for another $40. I could have had them on my homeowners but only protects on property and is subject to my $1k deductible.

 

[TomSeller]

Insured my Kioti with State Farm under their personal articles rider..

State Farm Auto policy?

 

[freewookie]

State Farm Auto policy?

Nope "Personal Articles Policy". Used to be called a Marine Policy, go figure.

I probably misspoke when I said it was a rider. I think it's a separate policy.

 

[arlen4720]

What company does NOT require insurance as a condition of financing?

 

[GManBart]

Well, there ya' go. You just proved my point. I suspect if you want to pay Kubota 28% or 30% interest on the loan like you do on a credit card, they'd be happy to make you a loan with no insurance. Talk about missing the forest for the trees!

Far from proving your point, it actually just illustrates that you're missing both the forest and the tress.

There are credit cards, and other finance programs that aren't remotely close to the interest rates you're citing, that don't require insurance. In fact, all the other tractor finance places that don't require insurance are in that group! They offer reasonable rates (to include 0%), and no insurance required. How can that be? Other companies finance tractors at 0%, and they don't require insurance, but you want to use houses, and automobiles to suggest the Kubota program is reasonable?

dI'm not going to continue to argue with you on this point. Kubota has elected to offer a zero percent interest loan, but they require insurance on the collateral. There are other places to finance a tractor that don't require insurance but don't offer 0%. Pick your poison.

I'm not sure why you're calling it an argument, it's just talking about a topic, and nothing says everybody has to agree. If you were actually trying to argue, I'd hope for some more firepower ;-)

Again, if there was a solid business model showing the need for insurance on financed tractors, ALL of the companies would require it, not just one or two.

 

[arlen4720]

Bart, are you saying that there are companies that will finance a tractor without requiring that the collateral be insured? I guess I've never heard of that before. Does Kubota require that you buy their over priced insurance? Is that what the big "stink" is? I know JD requires that you have insurance, and wants the policy info, if you don't buy THEIR over priced policy.

 

[GManBart]

Bart, are you saying that there are companies that will finance a tractor without requiring that the collateral be insured? I guess I've never heard of that before.

Yes, I'm saying there are companies who will finance a tractor without requiring insurance. AgDirect didn't require it when I was buying my LS. I just saw someone recently say they weren't required to have insurance when the financed a new tractor through Case. I've read the Mahindra 0% finance service agreement, and they don't mention insurance. I also read the New Holland, and Massey Ferguson program details…also no mention of insurance requirements.

 

[Poopdeck Pappy]

Far from proving your point, it actually just illustrates that you're missing both the forest and the tress.

There are credit cards, and other finance programs that aren't remotely close to the interest rates you're citing, that don't require insurance. In fact, all the other tractor finance places that don't require insurance are in that group! They offer reasonable rates (to include 0%), and no insurance required. How can that be? Other companies finance tractors at 0%, and they don't require insurance, but you want to use houses, and automobiles to suggest the Kubota program is reasonable?




I'm not sure why you're calling it an argument, it's just talking about a topic, and nothing says everybody has to agree. If you were actually trying to argue, I'd hope for some more firepower ;-)

Again, if there was a solid business model showing the need for insurance on financed tractors, ALL of the companies would require it, not just one or two.

I'm done with this discussion. I'm not willing to continue beating myself in the head with a hammer on the premise that it will feel good when I stop.