Financing 0% Interest for 72 months

milkman636 · Sep 30, 2011

Rolandman,

Seems like the dealer may be caught in the middle here since he delivered the tractor and now your holding the tractor and the financing company may be holding back part of the payment to him/Bobcat. It would be interesting to hear how this turns out.

It seems like the obligation would have been on your dealer to understand how the financing that he was offering you worked, and to prepare the paperwork properly. Your acceptance of delivery on the tractor was based on the terms you were presented at the time of sale. If he agreed to pay your taxes with financed money in the contract and now he is not, he may be considered to be breaching the sales agreement.

He should be the one in the hot seat on this, not you. I'd push back firmly and make them sweat. I wouldn't want to hang the guy for a mistake, but I would sure expect them to pony up a little and share the pain if a mistake was made.

After I recieved a new loan agreement with lower payments reflecting both party's contributions, then I would be willing to write a check for the taxes.

Rolandman · Oct 6, 2011

Well after a couple different forms to fill out and numerous phone calls, emails, and texts the 0% for 72 months rate was applied to my ENTIRE purchase.

The dealer was very helpful and was willing to spend time on making sure the deal went through just as we had discussed earlier. So, a couple things to keep in mind: Select your dealer wisely, keep track of any information that you discuss, and stay calm until all the paperwork is complete (this is not always easy but worked out in this case!). Even the professionals (ie: bankers) can prepare paperwork a number of different ways - massage the numbers.

From all the information I have read and discussed, the 0% for 72 months should apply for everyone with no difference between private or business customers.

Oh, and the CT335 is still a fun tractor to work with!

CKJ Farm · Oct 7, 2011

Rolandman said:
Well after a couple different forms to fill out and numerous phone calls, emails, and texts the 0% for 72 months rate was applied to my ENTIRE purchase.

The dealer was very helpful and was willing to spend time on making sure the deal went through just as we had discussed earlier. So, a couple things to keep in mind: Select your dealer wisely, keep track of any information that you discuss, and stay calm until all the paperwork is complete (this is not always easy but worked out in this case!). Even the professionals (ie: bankers) can prepare paperwork a number of different ways - massage the numbers.

From all the information I have read and discussed, the 0% for 72 months should apply for everyone with no difference between private or business customers.

Oh, and the CT335 is still a fun tractor to work with!

My CT335 is being delivered tomorrow. Along with a 6' cutter.