New Tractor Sales Are Declining

[hiddentacocatneddih]

If I read the 0% interest argument one more time !

 

[TN8Man]

I don't like debt and I really don't like paying interest so I minimize either. The only debt I have is a zero percent truck loan but taking the deal did not raise the purchase price. I went to a local dealer that sets and advertises a fixed low price up front, lower than competitors, and either you buy it or not, haggling not allowed. The no interest loan was through the manufacturer so the dealer only honored the incentive. The interesting thing was I purchased just as the chip shortage was starting and new manufacturers had just started delays on deliveries.

My two tractors I bought with a low interest loan but paid them off within a year.

 

[Yander]

If I read the 0% interest argument one more time !

Anxiously awaiting our consequence for you reading it one more time?

 

[Hay Dude]

These manufacturers aren’t stupid enough to give you the lowest price and finance you for free for 5 years. Anyone who thinks so is fooling themselves.
I credit the manufacturers for playing games with people like that. It makes them feel smart, like they took advantage of the manufacturer.

 

[tacticalturnip]

If I read the 0% interest argument one more time !

Hey, kid, did I hear you're looking for 0% Interest?

 

[ddbackhoe]

Drove by the local Kubota shop yesterday. Their lot was full of shiny orange stuff, wonder how many will be left come October.

 

[5030]

Drove by the local Kubota shop yesterday. Their lot was full of shiny orange stuff, wonder how many will be left come October.

That will all depend on what the economy does and presently, it don't look good.

 

[TN8Man]

These manufacturers aren’t stupid enough to give you the lowest price and finance you for free for 5 years. Anyone who thinks so is fooling themselves.
I credit the manufacturers for playing games with people like that. It makes them feel smart, like they took advantage of the manufacturer.

Doesn't the manufacturer sells to the dealer and its up to dealer to set or negotiate a selling price above true invoice for a profit? In my case the dealer did not know how I was going to pay for the truck until I got to the finance person which was after the deal was made.

 

[bridge4]

These manufacturers aren’t stupid enough to give you the lowest price and finance you for free for 5 years. Anyone who thinks so is fooling themselves.
I credit the manufacturers for playing games with people like that. It makes them feel smart, like they took advantage of the manufacturer.

I don't feel like I tricked anyone using a 0% deal. I did it because I was okay losing 1500 or whatever it is on a cash deal, to use 25k on a house remodel that brings income.
For me, it was the smart thing to do. House has made me much more than the 1500 I "lost" on that tractor deal.

edit: each persons situations differ, so whats smart for some is dumb for others. I understand both sides of this argument and depending on the view, agree with both.

 

[ruffdog]

Doesn't the manufacturer sells to the dealer and its up to dealer to set or negotiate a selling price above true invoice for a profit? In my case the dealer did not know how I was going to pay for the truck until I got to the finance person which was after the deal was made.

Normally, there will be a flooring plan between the dealer and manufacturer. There will be free flooring until a certain time and then the dealer will start paying interest on unsold units. Models that are known to be hard to sell may come with a much longer free flooring plan. If a dealer doesn't pay the interest, a manufacturer can repo the stock. Few dealers choose to pay off the units instead of paying interest.