Anyone else think this is BS on Kioti's part

airbiscuit · May 11, 2020

I once read an article about two brothers who built a thriving auto parts distribution business. Unfortunately, it consumed a lot of their time. Their wives said, either spend more time with your families or we're leaving. So, they fired 25% of their customers (those who complained the most and spent the least). They sent out letters thanking them for their business, and gave them the contact information of several of their competitors. The next year, their profits went up 10% !

Some customers just cost you more than they are worth.

WoodDuck · May 12, 2020

I've never seen the appeal of paying more base price for something to get their 0% financing either. Lots of people bite on that scam though. Usually you're money ahead to finance through a normal lending institution at a decently low rate, taking advantage of the cash discounts from the dealership, then pay it off early if possible. At least in my experience. After I had been talking cash prices with my dealer, I asked about their 0% financing. He laughed, and said he would have to add (what roughly equated to ~15%!) to the selling price if I wanted the 0% Kioti "deal". I financed through DLL Ag loans right there at their dealership instead. Got the cash discount, a low interest rate, and my payment was roughly $200 less per month than the 0% payment would have been. I'd skip financing anything through the manufacturer if I were you, regardless of what brand you end up with. You'll likely get a lower rate from a regular lending institution, and take the cash discount too. Good luck with your decision!

J2Jonner · May 12, 2020

I had the same situation as the OP and was hit with the slight increase in Kioti/DLL rates, but the deal wen through anyway as I was happy with the price and do a lot of shopping. Anyone who thinks that website content is anything more than marketing adverts is not working under the correct pretext. "Subject to change without notice" IS your notice. From talking to dealers here, they are busier and have more traffic and sales than last year by a good margin - capitalism allows them and the finance company to profit from that, and I'm ok with it.

finn1 · May 13, 2020

Rates are higher if you have a low credit score.

You are usually better off taking the cash discount and using your local credit union for financing.

Went through this with my Kioti, truck, Jeep, CTL, and excavator, with
four different manufacturers. All had better rebates without their in house financing, and my local credit union had the best rates I could find.

Urakunu · May 13, 2020

finn1 said:
Rates are higher if you have a low credit score.

You are usually better off taking the cash discount and using your local credit union for financing.

Went through this with my Kioti, truck, Jeep, CTL, and excavator, with
four different manufacturers. All had better rebates without their in house financing, and my local credit union had the best rates I could find.

It's need the credit score driving it. Score is 790. It's the fact they advertised a rate that wasn't actually available for anyone to obtain.

Urakunu · May 13, 2020

Urakunu said:
It's need the credit score driving it. Score is 790. It's the fact they advertised a rate that wasn't actually available for anyone to obtain.

Not the credit score

airbiscuit · May 13, 2020

ovrszd said:
I'm afraid if I were the dealer and/or Kioti I'd be questioning whether I wanted to do this deal or not.

Best post on this thread so far :thumbsup:

downslope · May 13, 2020

J2Jonner said:
I had the same situation as the OP and was hit with the slight increase in Kioti/DLL rates, but the deal wen through anyway as I was happy with the price and do a lot of shopping. Anyone who thinks that website content is anything more than marketing adverts is not working under the correct pretext. "Subject to change without notice" IS your notice. From talking to dealers here, they are busier and have more traffic and sales than last year by a good margin - capitalism allows them and the finance company to profit from that, and I'm ok with it.

I think OP is of the opinion that either:
1. There should be no website disclaimers, OR
2. The disclaimer should not be utilized by the manufacturer even though it is clearly stated.

Unfortunately things don't usually work like that in today's business world.

Diggin It · May 13, 2020

downslope said:
I think OP is of the opinion that ...

... Truth In Advertising should mean something. Websites are easy to change, and can even be automated. There is no reason for prices or rates to be out of date. If the OP wanted to go to their State agency responsible, they could probably get the rate advertised.

I've been in stores looking at items shown to be on sale by a sign or shelf tag. I get to checkout, it rings higher. I take the Manager back to the display, show them the sign or tag ... 'Oh, that was last week. But we'll honor it' they say as they're removing the sign.