Kubota still offering 0 percent financing

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Yeah, but it’s the same price for cash (or a very small difference), so no incentive to buy with cash.

Exactly. Otherwise It would present the "zero percent" as the scam that it is. In reality, it is "captive" financing.
What if I didn't want to finance and pay $3000 less for the tractor? I and others simply do not have that choice with "0"%.
Everyone is doing it because it is a rather ingenious marketing ploy.

 

[Hay Dude]

I don’t know how the US ever returns to manufacturing of cheap consumer goods; high end manufacturing yes. I can give some examples of great US products I own that will never be economically feasible as a mass product: I buy Whites boots (completely US made) for $500. I own several Pendleton wool shirts at $125 each. This is the cost of US made goods. I love these products and am proud to continue to support these companies, but I think they will always be a niche market. The US cannot compete in the mass market with affordable prices.

Whew mr big spender! Govy payin big bucks!
The reason they can no longer compete is extremely high union wages, excessive regulations and for a long time high corp taxes.

 

[Lineman North Florida]

Yeah, but it’s the same price for cash (or a very small difference), so no incentive to buy with cash.

I just purchased a Kubota skid steer and after we negotiated the price the salesman told me if I qualified I could get 0% financing for up to 48 months so after running my credit he said I was good if I wanted to finance thru them, at that point I asked him what if I wanted to pay cash what could they do? He didn't bat an eye and told me $2700 more off the price on the model that I ordered, so not a lot but every little bit helps.

 

[Hay Dude]

I just purchased a Kubota skid steer and after we negotiated the price the salesman told me if I qualified I could get 0% financing for up to 48 months so after running my credit he said I was good if I wanted to finance thru them, at that point I asked him what if I wanted to pay cash what could they do? He didn't bat an eye and told me $2700 more off the price on the model that I ordered, so not a lot but every little bit helps.

Just goes to show that the $2700 is the financing cost. Probably even higher since that was his first offer to you. Who knows, he might have gone to $4000.

So if you take $2700/48 thats approximately $56/month.

 

[jyoutz]

I just purchased a Kubota skid steer and after we negotiated the price the salesman told me if I qualified I could get 0% financing for up to 48 months so after running my credit he said I was good if I wanted to finance thru them, at that point I asked him what if I wanted to pay cash what could they do? He didn't bat an eye and told me $2700 more off the price on the model that I ordered, so not a lot but every little bit helps.

That seems to be a local dealer thing. I had quotes from dealers in TX, NM, and CO. One said no price difference, one offered $500, one said $650. I took the 0%.

 

[jyoutz]

Whew mr big spender! Govy payin big bucks!
The reason they can no longer compete is extremely high union wages, excessive regulations and for a long time high corp taxes.

My personal troll is back. Where have you been? None of those companies whose high quality goods I quoted are unionized, nor are shoemakers and clothing makers highly regulated. You’re just doing your typical political anti-government thing. The facts are that the cost of living, housing, etc… in this country require something better than $10/hour wages to survive. And most consumers will not pay those prices for US made goods. People like myself who use those products for our work see the value in those quality goods, but they aren’t mass market and the US isn’t going to see mass manufacturing of consumer goods again.

 

[rScotty]

I just purchased a Kubota skid steer and after we negotiated the price the salesman told me if I qualified I could get 0% financing for up to 48 months so after running my credit he said I was good if I wanted to finance thru them, at that point I asked him what if I wanted to pay cash what could they do? He didn't bat an eye and told me $2700 more off the price on the model that I ordered, so not a lot but every little bit helps.

Good for you. I wonder where the truth is on these prices and financing? Lots of guessing going on, but little real knowledge is my guess.

Many years ago I worked doing sales and busting wrenches for an importer who was a real shark. He was an importer, East & west coast distributor, AND a retail dealer (motorcycles) with several satellite shops. From that job I got a pretty good education in how manufactured goods traveled to the US.

It is still just amazing to me how little actual money is represented by a mass produced item like a motorcycle or tractor. Especially one manufactured in western Europe and delivered still crated to a loading dock in the middle of the USA. At that point it has already been sold at least 3 times although it is still unassembled and unviewed as an ID # in a shipping crate.

I grew up cutting wheat for farmers whose world-view started at the implement dealer & stopped when their mortgaged grain was weighed into the local Coop elevators. You could see the entire world from the platform of the combine (no cabs in those days) Later I harvested for extended family farms in North Dakota who not only owned all the local elevators, they also owned the land, and local tractor & implement companies, and were also involved in shipping. For there, who knows?

Certainly not me. All I know is that new tractors today seem affordable & used ones are amazing.
rScotty

 

[rScotty]

My personal troll is back. Where have you been? None of those companies whose high quality goods I quoted are unionized, nor are shoemakers and clothing makers highly regulated. You’re just doing your typical political anti-government thing. The facts are that the cost of living, housing, etc… in this country require something better than $10/hour wages to survive. And most consumers will not pay those prices for US made goods. People like myself who use those products for our work see the value in those quality goods, but they aren’t mass market and the US isn’t going to see mass manufacturing of consumer goods again.

Up with small business! I just hope we have retained enough craftsmanship and technical knowledge to be successful with small high-quality manufacturing.
I'm afraid it takes more than a single generation's "want to do".
rScotty

 

[jyoutz]

Up with small business! I just hope we have retained enough craftsmanship and technical knowledge to be successful with small high-quality manufacturing.
I'm afraid it takes more than a single generation's "want to do".
rScotty

I actually took a factory tour at Whites Boots one day. Yes craftsmanship is still alive. I saw both sides of the factory: new and repairs/rebuilding. On both sides there were craftsmen at benches hand cutting and sewing leather and hand lasting the boots. The only machines I saw were sewing machines and a few buffing wheels. That is old school craftsmanship and why the boots fit and wear so well. They will also personally measure your feet and create a custom fit record for you. There are plenty of examples of this type of small manufacturing craftsmanship in this country, but the cost assures that these will remain small niche businesses.

 

[Lineman North Florida]

That seems to be a local dealer thing. I had quotes from dealers in TX, NM, and CO. One said no price difference, one offered $500, one said $650. I took the 0%.

No sir this came straight off the Kubota web site, I had already done my homework before I went in and knew what the current programs were, but mind you this was on construction equipment/ skid steers, I just wanted to see if the salesman was going to be straight with me and he was, so he has a new customer.