rScotty
Super Member
- Joined
- Apr 21, 2001
- Messages
- 9,517
- Location
- Rural mountains - Colorado
- Tractor
- Kubota M59, JD530, JD310SG. Restoring Yanmar YM165D
there is a cost. Kubota was $700 cheaper if I paid cash.
Some makers are higher
What you say does make sense to me, and it's what I expected back when I bought our TLB. But it that is how it works now, it does mean that Kubota's policy has changed in the last decade.
It used to be that there was no difference TO THE DEALER between the cash price and the zero percent interest price. That was hard for me to believe, so I looked into it a bit at the time.
When I talked to my dealer about that in 2008 he confirmed that to him it was all the same. If a customer used the financing option, the dealer simply sent the completed contract to Kubota Corporate Office who then wired 100% of the purchase price on the contract directly back into the dealer's bank account. Often it all happened the same day. The dealer never had to handle the note, so to him there really wasn't any difference between cash and financing.
I've got to say that I didn't care much for it. I'm old fashioned enough that I like to bargain using either cash or a loan from my own bank - and Kubota had just taken some of the fun out of the whole bargaining game.
rScotty