prichard
Veteran Member
When I was talking to the Kubota dealer about their 0% financing, he said that I had to pay insurance on the loan which was more then I liked. I forget the actual numbers, but it was definitely not a zero percent loan!!!
You have to insure the tractor not the loan. Same as auto or home financing. Tractor is collateral and they want to protect their collateral. You can buy insurance from anyone. We talked to our car/home insurer and they did not have any policies to cover it so we went with KTAC. I forget actual cost but didn't think it was bad. There are several threads discussing KTAC and other options available.
Are you saying that if you finance with Deers or Branson (if they finance) or AgSouth or whoever you do not need to insure your tractor?