1st payment done

TripleR · Jan 2, 2011

crazyal said:
Don't forget Kubota is offering a discount for paying cash (at least the last time I looked they were). When I bought it was $1000.

I agree do what you feel comfortable with and get the tractor that fits your needs.

I have said this several times and been essentially called a fool or a liar because they didn't get a discount. There may very well be true 0% interest loans, but I have always gotten a better deal paying cash, the last time $1500; not a deal maker or breaker, but a consideration.

As to financial advice, I just got a 100 plus page summary of my investment portfolio and PLEASE anyone getting 15% or even 5% regularly let me know. I had a relative lose almost 200k in the stock market in the last year and a half and he is no rank amateur either.

Agree very much, do with what makes you the most comfortable or least uncomfortable.

westcliffe01 · Jan 2, 2011

3 more payments left on the B200 TLB I bought 2 years ago
3 more payments on my 2004 Dodge Ram 1500, but I will settle this month

That leaves about $25k on the 2008 F250 that I am going to pick up in Texas tomorrow and about $190k on my home that is only worth about $110k...

The property bubble still makes some of this other stuff look like a joke.

Oh, and I pay a lower interest rate on the vehicles than the house - go figure...

crazyal · Jan 2, 2011

TripleR said:
I have said this several times and been essentially called a fool or a liar because they didn't get a discount. There may very well be true 0% interest loans, but I have always gotten a better deal paying cash, the last time $1500; not a deal maker or breaker, but a consideration.

As to financial advice, I just got a 100 plus page summary of my investment portfolio and PLEASE anyone getting 15% or even 5% regularly let me know. I had a relative lose almost 200k in the stock market in the last year and a half and he is no rank amateur either.

Agree very much, do with what makes you the most comfortable or least uncomfortable.

They can call you what they like but this web page tells a different story.
Finance Customer Rebates
When I bought my tractor I was going to finance a part of my tractor so I had a deal all worked out. After rethinking just paying outright Brady told me that the Kubota CIR (consumer instant rebate) would mean $1000 more off the price. It helped make the decision. CIR comes from Kubota, not the dealer so if a dealer tells you it doesn't apply then I would find a new dealer.

crazyal · Jan 2, 2011

westcliffe01 said:
3 more payments left on the B200 TLB I bought 2 years ago
3 more payments on my 2004 Dodge Ram 1500, but I will settle this month

That leaves about $25k on the 2008 F250 that I am going to pick up in Texas tomorrow and about $190k on my home that is only worth about $110k...

The property bubble still makes some of this other stuff look like a joke.

Oh, and I pay a lower interest rate on the vehicles than the house - go figure...

That sucks on the house but you're not alone. Around here property values have held up pretty good. But at least you'll have a couple less payments very soon.

montelatici · Jan 2, 2011

TripleR said:
As to financial advice, I just got a 100 plus page summary of my investment portfolio and PLEASE anyone getting 15% or even 5% regularly let me know. I had a relative lose almost 200k in the stock market in the last year and a half and he is no rank amateur either.

If you are not earning at least 5% on average, you are dealing with a rank amateur. I invest on my own and here are my results, as stated in my Nov. 30 statement. My ten year average is over 18%, Year to date is 10.63% and the worst is the one year (last year) at 4.52%. Putting cash into a tractor instead of investing the 25K and taking the zero interest 60 month loan will have cost me about 6K if I could only manage the 4.52% but more realistically $12,500 over the 5 year period.

______________________________________________________________

Rate of Return **
as of 11/30/2010

* Annualized
Annualized Return shows how much your investments grew or declined -- on average -- each year of a multi-year period.
* Cumulative
Cumulative Return shows how much your investments grew or declined -- in total -- over a multi-year period.

* Annualized
Annualized Return shows how much your investments grew or declined -- on average -- each year of a multi-year period.
* Cumulative
Cumulative Return shows how much your investments grew or declined -- in total -- over a multi-year period.

* How is this calculated?. Opens video in a new window.
* Export data to spreadsheet

Accounts Value YTD 1-Year 3-Year 5-Year 10-Year Since Inception*

Brokerage: 13760XXXX

* Balances
* Positions
* Performance
* Orders
* History
* Statements
* Trade sub menu
o Trade Stocks/ETFs
o Trade Mutual Funds
o Trade Fixed Income
o Trade Conditional
o Trade/View Baskets
* Contribute to IRA
* Withdraw from IRA
* Convert to a Roth IRA
* Update Accounts
* Portfolio Analysis
* Bond & CD Analysis
* Hypothetical Trade

All Accounts

$2,043,496.29 +10.63% +4.52% +15.38 +17.55% +18.91%

smstonypoint · Jan 2, 2011

montelatici said:
A rank amateur will easily be able to earn 5% a year investing in any 4 star diversified mutual fund.

montelatici said:
If you are not earning at least 5% on average, you are dealing with a rank amateur.

There's a change in your message -- from a year to on average. There's a big difference.

"When men are most sure and arrogant they are commonly most mistaken, giving views to passion without that proper deliberation which alone can secure them from the grossest absurdities." David Hume

Steve

mjarrels · Jan 2, 2011

Just bought a B-710... No not a Kubota, a can of paint in the Philippines. Dang numbers are so confusing.

mark

MF 1532 · Jan 2, 2011

I just got done reading all of the opinions in this post . IMO good credit is a valueable asset , whether you use it or just have it in the back of your mind that its available . Myself , I have not borrowed any for sometime . Local banks call on my business regularly offering lines of credit . It looks like most post on this subject have one thing in common , acting responsible with their credit , whether they choose to use it or not . I wonder if our elected officials read any post like this , maybe they could be more responsible with our money and credit .

montelatici · Jan 2, 2011

MF 1532 said:
I just got done reading all of the opinions in this post . IMO good credit is a valueable asset , whether you use it or just have it in the back of your mind that its available . Myself , I have not borrowed any for sometime . Local banks call on my business regularly offering lines of credit . It looks like most post on this subject have one thing in common , acting responsible with their credit , whether they choose to use it or not . I wonder if our elected officials read any post like this , maybe they could be more responsible with our money and credit .

I don't want to appear insistent, but our company receives offers of lines of credit regularly from the banks we use and from other sources. These lines of credit have an interest rate associated with them. What we are talking about here is free money, zero interest rate. This is highly unusual when the benefit offered for paying cash is a measly $1,000 on tractors that can cost upwards of 40K. Anyone that has cash in that amount would be extremely foolish to tie it up for a depreciating asset when that same cash, invested, can earn even a 2 or 3 percent rate of return (and that can be had with a CD). Even put in a 2% CD, 40K in 5 years will earn you $4,000. Why would anyone take accept a discount of anything less than that for paying cash.

Come on folks, it isn't rocket science.