Financing Issue(s) getting financed?

[ovrszd]

Not trying to be a butt..but I think you asked a "loaded question" here. Kubota, in my opinion, was well within their rights to require whatever they felt most comfortable with on the loan. You can always get financing elsewhere...

Or pay cash.

 

[GAFarmer2]

Or pay cash.

That too!

 

[Steppenwolfe]

Actually you just proved ovrszd's point. The system has kept you in debt (every time you use your credit card you are borrowing money, which literally makes you "in debt"). Also you have to try to trick the system just to stay in the game. Like ovrszd says, it's soooo stupid :thumbdown:

Not so fast... I use two credit cards for everything; job materials, travel, motels, fuel, buy a tractor, attachments, whatever... everything. Wifey pays them off every due date. Last year alone I got just over $4000 back in " points ", and our credit score is an 829. Gotta be smart about it. To me they are tools, and not for borrowing money.

 

[ovrszd]

Not so fast... I use two credit cards for everything; job materials, travel, motels, fuel, buy a tractor, attachments, whatever... everything. Wifey pays them off every due date. Last year alone I got just over $4000 back in " points ", and our credit score is an 829. Gotta be smart about it. To me they are tools, and not for borrowing money.

See post #39.

I'll add this. If you everything off, or basically pay cash, why do you care what your score is? I couldn't tell you within 100 points mine is. I checked it once back when this scam started and haven't looked again.

 

[smstonypoint]

See post #39.

I'll add this. If you everything off, or basically pay cash, why do you care what your score is? I couldn't tell you within 100 points mine is. I checked it once back when this scam started and haven't looked again.

For one thing, it affects your insurance premiums: https://www.forbes.com/sites/robertharrow/2016/04/25/is-your-credit-score-affecting-your-insurance-premiums/#75043b3420df.

Steve

 

[cford36]

See post #39.

I'll add this. If you everything off, or basically pay cash, why do you care what your score is? I couldn't tell you within 100 points mine is. I checked it once back when this scam started and haven't looked again.

Because other companies, including insurance companies, use your credit score to determine your rate. Like someone else said they pay cash for everything but have high insurance rates because they have no credit history and resulting poor credit score.

 

[smstonypoint]

Not so fast... I use two credit cards for everything; job materials, travel, motels, fuel, buy a tractor, attachments, whatever... everything. Wifey pays them off every due date. Last year alone I got just over $4000 back in " points ", and our credit score is an 829. Gotta be smart about it. To me they are tools, and not for borrowing money.

At least two additional advantages:

1. I assume that one of your cards is reserved for your business. The associated expense records for the business card would make life easier for your bookkeeper/accountant.

2. Credit cards offer advantages over debit cards, checks, or cash if you want to dispute a charge.

Steve

 

[Steppenwolfe]

At least two additional advantages:

1. I assume that one of your cards is reserved for your business. The associated expense records for the business card would make life easier for your bookkeeper/accountant.

2. Credit cards offer advantages over debit cards, checks, or cash if you want to dispute a charge.

Steve

Yes, you are correct. The debit card is only used to get cash out of the atm, nothing more.

 

[Steppenwolfe]

See post #39.

I'll add this. If you everything off, or basically pay cash, why do you care what your score is? I couldn't tell you within 100 points mine is. I checked it once back when this scam started and haven't looked again.

Well, you are wrong in thinking this is a scam. I made 1500 bucks last fall financing a new f150. Could've paid cash, but Ford offered an extra 1500 off for using FMC. Paid loan off at 90 days... And, being a business the fico score determines my insurance rates, business licensing acceptance, and many other things.

 

[txdon]

At least two additional advantages:

1. I assume that one of your cards is reserved for your business. The associated expense records for the business card would make life easier for your bookkeeper/accountant.

2. Credit cards offer advantages over debit cards, checks, or cash if you want to dispute a charge.

Steve

3. Some credit cards (Discover) will add additional year of warranty coverage on eligible items, and if you purchase you plane ticket $500,000.00 accident insurance, and $25,000 coverage to a rental car. Also If your new purchase is damaged or stolen within 90 days coverage to $500. Also some cover the difference if you find a better price
If you see a lower advertised sale price after you've already bought an item, they will refund the difference on eligible, identical items within 90 days of your purchase, up to $500 per item and $2,500 per year. Also some will provide a refund if the store won't accept your return
If you're not satisfied with your purchase, we can help you get your money back—up to $500 on eligible items, within 90 days of purchase, for up to $2,500 per year.