Horse farm needs tractor

[Horsetime]

OP: you're doing a good job at homework. so how soon do you need the new equipment?
btw, i used a MF TO35 (diesel) for 28 yrs before finally succumbing to my present rig. so your old school machine is great. purchasing frenzy runs wild, been there several times. if time is not urgent, step back & review before making the commitment. sleep on it for a while, regards

I'd say it depends on when someone sets the MF35 (gas) on fire when it needs another repair.

 

[big bubba]

I'd say it depends on when someone sets the MF35 (gas) on fire when it needs another repair.

hold onto the plow, it's a classic. Continental engine?

 

[Horsetime]

hold onto the plow, it's a classic. Continental engine?

Yes it does! So far we've changed out the points for a electronic ignition, replaced the governor, replaced the carburetor, upgraded from a generator to an alternator, some new wiring in a few places. Next up is a gasket set as it gets warm then it won't run. Love having a classic but it's time for something newer that runs consistently and doesn't have 473 unmarked levers.

 

[big bubba]

Yes it does! So far we've changed out the points for a electronic ignition, replaced the governor, replaced the carburetor, upgraded from a generator to an alternator, some new wiring in a few places. Next up is a gasket set as it gets warm then it won't run. Love having a classic but it's time for something newer that runs consistently and doesn't have 473 unmarked levers.

so after 28yrs of TO35, i retired, & went with Kubota. clueless at the time, i started out w/L4400, & eventually ended up with my current utility model. bought then upgraded several times before i was satisfied. (the reason i've been tough on you to look at a higher hp model but understand the budget)
having said that, feel like the ol' Massey carried me through my youth. but i could never go back now. good luck w/things

 

[arrow]

Yes it does! So far we've changed out the points for a electronic ignition, replaced the governor, replaced the carburetor, upgraded from a generator to an alternator, some new wiring in a few places. Next up is a gasket set as it gets warm then it won't run. Love having a classic but it's time for something newer that runs consistently and doesn't have 473 unmarked levers.

If is of any help, l asked the owner of the Mahindra dealership l work at how much a new 1626 would cost out the door which includes the 6.75 % sales tax.
His pricing came to 24k on the nose. This was a cash price with traditionl financing.
Since every dealership pays the same for their tractors, you should be able to get the same deal or better at one of the multiple Mahindra dealers in Indy.
This is alot of tractor, made in Japan, for the money having weight and substantial lift capacity in its class and will do all of your tasks easily.

There is one main and important caveat in my mind:
you should live near an established Mahindra dealership.

 

[WinterDeere]

This was a cash price with traditionl financing.

What does that mean? Usually cash means no financing, at least in my little world.

 

[rScotty]

His pricing came to 24k on the nose. This was a cash price with traditionl financing.

There is one main and important caveat in my mind:
you should live near an established Mahindra dealership.

What does that mean? Usually cash means no financing, at least in my little world.

Now I've got two questions... One, I didn't understand what cash price with tradtional financing was...but it probably just means what it implies. Cash price and he expects to hold that price with tradtional fiancing.
So my first question is, "What would non-tradtional financing be?"

And question two, how near is near? My shop sends the mechanic out. I pay for his driving time. It's about fifty miles one way. He brings their service truck. That is cost effective for everyone.

rScotty

 

[WM75Guy]

What does that mean? Usually cash means no financing, at least in my little world.

You can get the same price if you pay 100% cash up front or make a down payment, usually 20%, and use their traditional financing options. The 0% interest price has simple interest tacked on and then they determine the payment at 0% over the term. If you add up the total of the payments, the down payment plus traditional finance in the end may be less money than the 0% finance option.

 

[WinterDeere]

You can get the same price if you pay 100% cash up front or make a down payment, usually 20%, and use their traditional financing options. The 0% interest price has simple interest tacked on and then they determine the payment at 0% over the term. If you add up the total of the payments, the down payment plus traditional finance in the end may be less money than the 0% finance option.

I've never financed a tractor, so maybe I'm missing something obvious, but that doesn't seem like a very good deal. At least with autos, you usually get a discounted price if you're willing to finance, versus paying cash. I usually pay cash for my autos (as well as my tractors), but I've financed at least two or three cars in the past, just because the dealer could offer me a better deal with financing. They only ask that I wait until the third payment cycle to pay it off, or else they (the dealer) gets in trouble with the financing company.

I'm assuming most tractor companies handle their own financing, just like Chrysler Capital or Ford Motor Credit Company, as that's where the money is to be made. They're making as much (usually more) money off people financing through them, than actually in manufacturing and selling vehicles, and so it's normal to offer discounts below cash price, if you use their financing.

 

[arrow]

What does that mean? Usually cash means no financing, at least in my little world.

Traditional financing is anything you finance to provide all the money for the purchase itself. You can obtain your financing anywhere else such as your own bank, home equity, savings loan, Agri Credit, etc.
wm75 explains it very well.