kubota or mahindra

kenmac · Jan 28, 2020

airbiscuit said:
Here's one that does 0% interest.
View attachment 639000

That is an either or deal. It's .99% or money off MSRP for 60 mo..And it's only select mod tractors.
Kubota offers 0% on every model, and at one time, it was up to 84 mo. Don't know if 84 mo still applies

arrow · Jan 28, 2020

0% is the biggest come-on in the marketing world and is surprising how many people fall for it whether it's a tractor, car or furniture. People think, "well, I'll just use their money to buy what I want"and leave mine in the bank". All the while they are forgetting that whatever finance charges they think they're not paying, is already built into the pricing of what they're buying.

Some stores used to give you an option of 0% or low financing and reduce the pricing. What has made it worse is that many are not doing that anymore because it showcased that indeed you were paying something more for 0% and that "0" is not really free". So now that $32,000 tractor that has no business being that high of msrp but has "take it or leave it 0%," has about 3 or 4 grand "built in" to cover the finance charges that they make believe you're not paying.

It has shown to be a very effective marketing tool.

rScotty · Jan 28, 2020

I don't think that people "fall for it". My own opinion is that people are aware of how and why that 0% financing is offered and also have a pretty good idea where the costs are coming from.
They accept it for other reasons. I think most understand what 0% is and know what and why they are buying. It is worth it to them. It was to us.
rScotty

4570Man · Jan 28, 2020

rScotty said:
I don't think that people "fall for it". My own opinion is that people are aware of how and why that 0% financing is offered and also have a pretty good idea where the costs are coming from.
They accept it for other reasons. I think most understand what 0% is and know what and why they are buying. It is worth it to them. It was to us.
rScotty

I don’t think most people understand otherwise it wouldn’t be a successful marketing ploy. For those of use that do understand there’s not much choice but to follow along. Sure we could pay the full amount up front but there’s not much point since you don’t get a discount.

Industrial Toys · Jan 28, 2020

Their Evil plan would be revealed if they gave a discount. So I guess they forgo those few cash sales they might loose. I bought a battery in a very comptitive marketplace and then at the end of the day, the guy didn't care that I put it on CC. Makes no sense financially. I ALMOST felt like asking for a cash discount if the three or whatever percent didn't matter to him. An asian business person, I found tends to be more astute in that regard.

5030 · Jan 28, 2020

I prefer Poweraide myself....

rScotty · Jan 28, 2020

4570Man said:
I don’t think most people understand otherwise it wouldn’t be a successful marketing ploy. For those of use that do understand there’s not much choice but to follow along. Sure we could pay the full amount up front but there’s not much point since you don’t get a discount.

OK. We agree to disagree. Nothing wrong with that.I think most people are more asture than you are giving them credit for.
I'd agree if a discount was the only possiblity. But there are lots of other reasons that make 0% credit attractive.
rScotty

coobie · Jan 28, 2020

rScotty said:
OK. We agree to disagree. Nothing wrong with that.I think most people are more asture than you are giving them credit for.
I'd agree if a discount was the only possiblity. But there are lots of other reasons that make 0% credit attractive.
rScotty

My old southern friend of many years would say don't tell me how much it costs but what is the monthly payment.LOL.Agree with you rScotty

desertdog71 · Jan 28, 2020

The real question is how much do you pay total in the long run. Plenty of these tractors have a cash/outside finance price and then you can get your own outside financing and often save money vs going with the zero finance. You have to look at it several different ways. Plus never just pay the price they tell you. Be willing to walk.