Kubota New Pricing

[SDT]

The cost of the financing is built into the cost of the item.

Actually, it isn't.

One must buy down the interest rate.

 

[SDT]

I bet there is a heavy discount for cash purchase. back in 2017 the cash discount was around 3500$ CAD so... not really 0% If you need to borrow always find out the cash discount and do the math.

There is a discount for cash buyers, which is why 0% is not really 0%.

There is no free lunch.

 

[scootr]

Actually, it isn't.

One must buy down the interest rate.

The prices got jacked way up (15-20%) and 0% financing was offered in leu of the old price or to attract buyers at the new higher price.
However you look at it you are paying a lot more - so much more that the dealer can offer free finance - and we know the dealer has done the math and you are not getting the sweet 0% deal portrayed because the price has been artificially inflated to cover the loss of the interest.
Remember though with Kubota you must carry their insurance on any financed machine. So there is $600-700 a year in insurance on your free finance.
Just buy used, pay cash, and be done with it.

 

[jyoutz]

There is a discount for cash buyers, which is why 0% is not really 0%.

There is no free lunch.

There is a very small cash discount, not enough to account for 6 years 0 interest. I think they make up the finance costs by requiring the purchase of KTAC insurance.

 

[jyoutz]

I bet there is a heavy discount for cash purchase. back in 2017 the cash discount was around 3500$ CAD so... not really 0% If you need to borrow always find out the cash discount and do the math.

The current cash discount is negligible.

 

[Goose1776]

I just bought a new BH77 backhoe for my L2501.
Price quote was the same regardless of financing or paying cash..
I do think there were $300 worth of fees for financing
So technically there was a $300 price difference on a $10k backhoe
But at 0% interest.
I ended up financing.
And yes the backhoe pricing has gotten stupid.
But I have the $$ and I wanted it

 

[5030]

Bingo. So-called 0% costs money.

Minimim 'Service charge' from Kubota on a 0 percent loan is 400 bucks btw.

 

[Jrasband]

There is a very small cash discount, not enough to account for 6 years 0 interest. I think they make up the finance costs by requiring the purchase of KTAC insurance.

They do not require KTAC. I just bought a m7060 and it is insured by Farm Bureau

 

[Hay Dude]

Anyone see the newly posted pricing on the Kubota Canada web site? May as well buy John Deere now.

My RTV-X1100C is now $32,000 before any options (or the same I paid for mine last year fully loaded with a Boss vee plow)

My bare B2620 before loader or options was 16 grand. Then it went to 18 when covid started. Now it starts at $24,000

M7060 cab bare without loader was $66,000 last month. It's $72,614 now.

I realize thats a new tractor, but you can get a nice used 15HP farm tractor with a loader and maybe 3-5K hours on it for that. And it would last about 20 more years and do 3X the work.

There’s an upcharge for small-ness.

 

[Hay Dude]

It's looking like Kubota is now approaching Deere pricing...

Mike

I don’t know why they wouldn’t. They’ve done a great job over the last 40 years building a reputation and a network that customers can trust.
They do an incredible job catering to the smaller farmer, excavator and large homeowner.

 

[ovrszd]

It's looking like Kubota is now approaching Deere pricing...

Mike

I'm guessing JD price went up accordingly.

 

[ovrszd]

My dealer is Deere and Kubota. I asked if Deere took a big jump and he said no, Deere does small increases. He was shocked by the jump Kubota took. And he certain Deere models are now cheaper.

I should have read down....

 

[ovrszd]

In regards to 0%.

I compare this to the fees charged if you use a credit card to pay for products. The seller is eating that charge. So they increase the price of their product to offset that charge. So the cash buyer pays the fee as well. Win/win.

Same with tractors, autos, UTVs, etc. They don't have to offer a cash discount because they are getting the finance fee on every sale using the current method. So every product they sell has "financed" profits built into the price. Win/win.

Move along folks, no free ride here.

 

[Rdrcr]

I don’t know why they wouldn’t. They’ve done a great job over the last 40 years building a reputation and a network that customers can trust.
They do an incredible job catering to the smaller farmer, excavator and large homeowner.

Can’t argue with that. IMHO, Kubota makes a better product. And, I can think of several brands I’d buy before considering another JD.

Mike

 

[jonsstihl]

dont forget guys, these prices are in CAD so subtract about 35% but sometimes things are cheaper up here so start figureing the exchange rate and you guys may want to start buying your tractors up north. Also canadian models come standard with two remotes, defrost and worklights on the cab models and they throw in the rear wiper too so you have to compare apples to apples.

I have a quote request in for trade in price on similarly equipped models. Will see how much It costs for tier 4 upgrades. I would like to fill up standing on the ground instead of balancing on the tire.

 

[scootr]

I don’t know why they wouldn’t. They’ve done a great job over the last 40 years building a reputation and a network that customers can trust.
They do an incredible job catering to the smaller farmer, excavator and large homeowner.

Now if they could just supersize their ergonomics for the northern hemisphere And -


"I would like to fill up standing on the ground instead of balancing on the tire.
James"

If you are still juggling 5gal cans you need to upgrade your refueling system.

 

[SDT]

There is a very small cash discount, not enough to account for 6 years 0 interest. I think they make up the finance costs by requiring the purchase of KTAC insurance.

You're still buying it down.

There is no free lunch.

KTAC is to protect Kubota.

 

[Hay Dude]

You're still buying it down.

There is no free lunch.

KTAC is to protect Kubota.

Thanks you and the others that realize Kubota is not selling tractors with true 0% financing.
I realize people like their Kubotas and I have 3, but the blind brand loyalty is just silly.

 

[5030]

Never used their insurance on anything we have bought but you are probably correct. We have a blanket farm policy.

 

[5030]

Now if they could just supersize their ergonomics for the northern hemisphere And -


"I would like to fill up standing on the ground instead of balancing on the tire.
James"

If you are still juggling 5gal cans you need to upgrade your refueling system.

Both mine are side fill (saddle tanks) between the loader frame and the front cab glass (on the cab) and the loader frame and the foot rests on the open station.