Kubota still offering 0 percent financing

[Torvy]

If you think about it, we 'borrow' 2000-5000 a month on our credit card every month. We pay it in full every month on auto pay. Ultimately, we use their money for free indefinitely. Toss in the cash back and we actually make a little money on the deal.

 

[arrow]

2 things. It is not complicating things to explain how it actually works. If you told me exactly how logging works, it would sound complicated. If I said ' logging is easy, you just cut the tree and it falls over', it would be about on par with how you are understanding finance. I'm honest-to-god trying to help, but you have to open yourself to the fact that you don't know enough about this topic and some of us do. Let us help.

How what actually works? 0% as it comes to goods and services? Simple, your financing is imbedded within the purchase price.
You have bequeathed to the conversation stating 0% is a good thing. This is where our great divide resides.
As it applies to more business, I agree completely as I have said it is an ingenious way to increase business.
I just delivered a 1626 ystrdy to a Brown University Earth Science professor.
We were conversing about the tractor and other things related to the planet and ended with him saying "hey, if they're giving you free financing, it's no brainer"
I stood dead still and said,"your financing is imbedded within your purchase price". He was rather astounded.
I went on to explain to him how companies do that

So in my vernacular, its an around the bend scheme to sell goods. In other words, people are being lured in and lied to with the inference of "this borrowed money is costing me nothing."
I think it's a rotten thing to do to people simply for commerce.
You think it's a good thing to do simply because of the increase in business it creates and how that trickles down to a myriad of other things. He)), even the victim feels good!

As it applies to this conversation, righteousness is in eyes of the beholder.
I've been in that situation before and have done things never in a million years I would think to do to save something else.
I do not know who is correct here or who even stands on the high ground as a result.
All I can say is "peace to your silly arse" and you can ask me any questions you'd like as it applies to tractors and their purchase.

sp500-investors-lost-201-billion-this-year-on-these-giant-losers

 

[arrow]

5-7, no. 2, yes.

I currently have balances on four CCs that I have not and will not pay a penny of interest on. All offered 0% interest periods on anywhere from 12-24 months based on the amount of the purchase.

All four offered initial bonus, coupon or rebates that have totaled around $600 for me.

I got $600 or so, got the items I wanted and am taking the life of the term to make the payments. I've worked it out to pay all off about a month before the of the terms to avoid any 'balloon' penalties

That's also helping my credit rating so I can take advantge of more similar offers after the first of next year.

That $600, plus more from other bonus or rebate programs has gone into a higher interest savings account to build even more.



Not sure if you're familiar with the US Thrift Savings Plan, basically a 401K type plan for Federal Employees. I was around 15% or more until this past quarter in a fund that tries to follow the S&P. Currently down, but it looks like it will recover some soon.



.

I believe that to be incentive for you to grab their card. Short term sacrifice for their long term gains.
Sort of like the pitcher who sets up his batter with 3 straight fastballs and strikes the guy out with a curvy dropper.

 

[Torvy]

How what actually works? 0% as it comes to goods and services? Simple, your financing is imbedded within the purchase price.
You have bequeathed to the conversation stating 0% is a good thing. This is where our great divide resides.
As it applies to more business, I agree completely as I have said it is an ingenious way to increase business.
I just delivered a 1626 ystrdy to a Brown University Earth Science professor.
We were conversing about the tractor and other things related to the planet and ended with him saying "hey, if they're giving you free financing, it's no brainer"
I stood dead still and said,"your financing is imbedded within your purchase price". He was rather astounded.
I went on to explain to him how companies do that

So in my vernacular, its an around the bend scheme to sell goods. In other words, people are being lured in and lied to with the inference of "this borrowed money is costing me nothing."
I think it's a rotten thing to do to people simply for commerce.
You think it's a good thing to do simply because of the increase in business it creates and how that trickles down to a myriad of other things. He)), even the victim feels good!

As it applies to this conversation, righteousness is in eyes of the beholder.
I've been in that situation before and have done things never in a million years I would think to do to save something else.
I do not know who is correct here or who even stands on the high ground as a result.
All I can say is "peace to your silly arse" and you can ask me any questions you'd like as it applies to tractors and their purchase.

sp500-investors-lost-201-billion-this-year-on-these-giant-losers

So not only do you truly not understand how finance works, you share that ignorance with others as if you understand.

It would be accurate to say that those of us who get 0% do so at the expense of those who have been less responsible with their credit. It is not accurate to say that the 0% is built into my price. If that is how it works at Mahindra, that may explain why they struggle in the US market.

 

[rScotty]

One of the great freedoms in working for yourself comes when you realize that it isn't necessary to make a dollar profit on every deal. The only necessity is that the bottom line eventually be positive.

As boss and owner, you even have complete freedom as to how long you want "eventually" to be - as well as how you plan to get there.
And that is just as true for financial businesses.

rScotty

 

[buckeyefarmer]

And Amazon doesn’t have free shipping.

 

[arrow]

So not only do you truly not understand how finance works, you share that ignorance with others as if you understand.

It would be accurate to say that those of us who get 0% do so at the expense of those who have been less responsible with their credit. It is not accurate to say that the 0% is built into my price. If that is how it works at Mahindra, that may explain why they struggle in the US market.

You need to stop with the "you don't know how finance works". I will definitely say I do not know how ALL finance works and would no more question your expertise in finance as i would argue the earth is flat, but your insistence on substantiating some of the other possibilities on how 0% works as a sales initiative on goods and commodities is eye rolling to me.
The lenders and the product sellers join hands to attract buyers. They aim to sell more by not charging any interest.
The catch is in the selling price of the product. As the product pricing remains uniform across the region, buyers do not feel the difference in the pricing easily.

You yourself have stated here that you cannot equate the price of Kubota with what you're seeing as a tractor. We share the exact same thought then and now.
What you are seeing as I did in 2012-13, is the additional mark up to cover their 0% interest financing scheme.
As plain as the nose on your face and what you are forgetting is that dealerships talk amongst themselves whether it'd be Kioti, Kubota or Mahindra. It is basically done the same way amongst dealerships.

What you are also proving to me is your predilection toward arrogance. You just had to throw in that last quibble on your thoughts about Mahindra's declining market share in the United States.
Didn't matter that you could prove your alledged assertion of financial carelessness as a cause, you just felt compelled to throw in that last dig for your own justifications.

For your info, Mahindra's decline in market share here, is due to the intense competition of this particular vehicle commodity. What this is coupled with recently, is the devastating aspects of covid in India basically shutting that country down to extremes we have never experienced here..

The Mahindra dealership I work at has sold Mahindra's since 1995 and has been in business since 1976. This dealership has been in a steady growth oriented direction since its inception. It has succeeded because of the forthright way they treat their customers, exemplary service care, dedication to doing what's right for customers and staff and satisfaction in the products themselves.
I carry on that tradition no matter what your attempts are to besmirch myself, this company or the brand.

 

[arrow]

And Amazon doesn’t have free shipping.

Correct. Plus they charge you additional monies for the privilege of being in the "free shipping"club.

 

[JethroB]

That hi/low transmission is awesome. Do you set yours to shift H/L automatically - or do you prefer to shift it yourself with the lever on the steering column?

It is awesome. The high/low and the small sensitive GO pedal. I tried the automatic high/low early on but didn’t care much for it, the unexpected lurches.

 

[rScotty]

It is awesome. The high/low and the small sensitive GO pedal. I tried the automatic high/low early on but didn’t care much for it, the unexpected lurches.

Same here. I tried the auto shift feature but prefer to use the lever on the steering column.