Kubota not honoring original deal

[bnold]

But Green doesn't fade like K orange.

The green plastic sure does.

 

[rScotty]

Yeah it's zero percent after the jacked the price up $6K or $7K!

I have to admit the zero percent financing scheme is effective at deceiving consumers.

Maybe it's not deception at all. It could be real, and the loss or revenue could simply be considered as an advertising expense.
I found 0% very useful and it simplified our bookkeeping when buying our Kubota.

 

[Cahaba Valley Farm]

Cash buy discounts when 0%, 1%, 2% and now even more is offered often don’t exist or are too small to make sense.

Kubota used to offer a 20% discount for cash buyers. Don't know what it is now. It wouldn't surprise me if their cash discounts are negligible right now given where they are in the economic cycle. The industry has been so successful with duping consumers by the free financing that they are trying it again thinking it will get buyers back to take the bait but this time I don't believe it will work. There is no appetite for tractor purchases in this economic climate.

 

[bnold]

Kubota used to offer a 20% discount for cash buyers. Don't know what it is now. It wouldn't surprise me if their cash discounts are negligible right now given where they are in the economic cycle. The industry has been so successful with duping consumers by the free financing that they are trying it again thinking it will get buyers back to take the bait but this time I don't believe it will work. There is no appetite for tractor purchases in this economic climate.

Local Kubota dealer network hasn’t offered cash discounts in at least 10yrs that made any sense to accept.

Can call it duping, any intelligent person just realizes it is baked in. Realize that intelligent people are becoming less frequent.

 

[ddbackhoe]

Local Kubota dealer network hasn’t offered cash discounts in at least 10yrs that made any sense to accept.

Can call it duping, any intelligent person just realizes it is baked in. Realize that intelligent people are becoming less frequent.

Way too many people are more concerned with “whats the monthly payment”? Wasnt that long ago a 4 year car note was difficult to get. Now you can get longer furniture payments than that.

Too many of these types are getting in over their heads, then refinancing/restructuring their debt. Another thing, IMO, we have let happen. File for bankruptcy and start over with new house, new furniture, new pool, new deck, new landscaping, new car(s)..…all on a payment plan.

 

[oosik]

I've always paid cash for everything. I REALLY hate the thought of monthly payments. Just save up and pay for it once. I don't care to knock heads with sales people or finance managers.

 

[bnold]

I weigh each situation
- rent v buy
- new v used
- cash v finance

Had absolutely zero issue financing anything when rates were hovering 2%.

My house is 2.02%
2 - vehicles at 1.99%
A tractor at “0%”

I have a big toy that is at 4%, that’s the only one I actually work to pay down faster than scheduled as I don’t like the interest.

 

[rScotty]

Kubota used to offer a 20% discount for cash buyers. Don't know what it is now. It wouldn't surprise me if their cash discounts are negligible right now given where they are in the economic cycle. The industry has been so successful with duping consumers by the free financing that they are trying it again thinking it will get buyers back to take the bait but this time I don't believe it will work. There is no appetite for tractor purchases in this economic climate.

Do you have a reference or proof on that 20% discount for cash buyers?

Our local Kubota dealers haven't offered anything like that in the last 15 years that I've patronized them. They haven't needed to. They do have periodic sales for oil and maintenance items, but no discount for cash.

Nobody is "duping consumers" with free financing. Consumers aren't stupid about buying things. Especially consumers who are well off enough to need a tractor in the first place.Those buyers got where they are by being smart enough to know that 0% financing is made up somewhere else. It may be made up in the price, or it may be considered in the costs of doing business.

Either way, 0% definitely does help people who go looking for a loan. It does't affect cash buyers, they are still free to negotiate however they want..

rScotty

 

[Goose1776]

Do you have a reference or proof on that 20% discount for cash buyers?

Our local Kubota dealers haven't offered anything like that in the last 15 years that I've patronized them. They haven't needed to. They do have periodic sales for oil and maintenance items, but no discount for cash.

Nobody is "duping consumers" with free financing. Consumers aren't stupid about buying things. Especially consumers who are well off enough to need a tractor in the first place.Those buyers got where they are by being smart enough to know that 0% financing is made up somewhere else. It may be made up in the price, or it may be considered in the costs of doing business.

Either way, 0% definitely does help people who go looking for a loan. It does't affect cash buyers, they are still free to negotiate however they want..

rScotty

Equine discount had been 20% off MSRP price for the last few years that I know of
That included cash buyers,
and standard rate finance buyers.
I bought 2 tractors, and an RTV using it.
RTV was only 15% off I think.
Dealers around me were usually making cash deals around 15% off MSRP on tractors without using the equine discount
Equine changed this year, and isn’t nearly the deal it was.

 

[Cahaba Valley Farm]

Bingo ^^^ This

 

[Fixastuff]

When shopping excavators the kubota dealer was the only one that didn't offer a cash discount around me.

 

[JJT]

I had a $500 discount for cash on a $30K UTV+plow in Feb. I was told the Equine discount expired in 2022. They had a waiting list of folks willing to pay msrp if I declined the $2,500 price increase in the 6 months from order to delivery. Another local dealer wasn't taking any additional UTV orders, they had 18 months of units in the queue, with a waiting list of 32 people. I never expected them to honor a price on a unit with a 6+month lead time from order to delivery. I did prepay for the vplow, so there was no increase on that item.

 

[bnold]

Bingo ^^^ This

That was offered for cash and 0% however.

 

[nrosario]

Equine discount had been 20% off MSRP price for the last few years that I know of
That included cash buyers,
and standard rate finance buyers.
I bought 2 tractors, and an RTV using it.
RTV was only 15% off I think.
Dealers around me were usually making cash deals around 15% off MSRP on tractors without using the equine discount
Equine changed this year, and isn’t nearly the deal it was.

That equine discount is not being honored 100%, at least in my area.
They list an increased MSRP and then apply the "Equine" discount.
The tractor-buying experience is becoming worse than buying a car.

 

[Goose1776]

That equine discount is not being honored 100%, at least in my area.
They list an increased MSRP and then apply the "Equine" discount.
The tractor-buying experience is becoming worse than buying a car.

That’s why I said the equine discount had changed this year.
It was 20% off MSRP for tractors
Now it’s only a max of $1000 off
With some models being less than that.

 

[BleedingOrange]

Out of curiosity, why do equine folks get such a huge discount ?
If they can discount products for them, and still make a profit, why not do it for everyone ?

 

[hosspuller]

Out of curiosity, why do equine folks get such a huge discount ?
If they can discount products for them, and still make a profit, why not do it for everyone ?

Just my guess... It's to penetrate the market for compact tractors. Homeowners are the market for subcompacts. Horse people need a larger machine with a FEL. Then when the horse person gets an even larger acreage, they move to utility sized machines. I started small with one brand and kept the same brand through multiple machines getting larger each time.

 

[BleedingOrange]

Thanks for the info, but why do only the equine folks get the 20% discount ? Why don,t they give it to everyone ?

 

[Goose1776]

Thanks for the info, but why do only the equine folks get the 20% discount ? Why don,t they give it to everyone ?

I believe that it was a deal made between Kubota and the equine organization or organizations,

 

[Stickboy81]

I had a similar situation where my tractor was in stock and the backhoe was not and I debated taking delivery of only the tractor and getting the backhoe delivered when it arrived. The way that Messick's explained it to me was that the 5/6/7 year Kubota loans were for Tractors and the attachment/accessories that were delivered at the same time as the tractor. The dealer needs to provide the serial number for each piece of equipment associated with the loan. If you have the backhoe delivered separately, then it needs it's own loan and they can only be financed for up to 2 years.