Financing 2014 Intrest Rates

jwcinpk · Jan 3, 2014

What are Mahindra's rates for the new year?

LindenBruce · Jan 4, 2014

I thought I saw the other day it was either 3.4% or 4.3% for 84 months on rock bottom pricing. But I don't see it now. All I see is the 0% for 84 months with the profit margin built into the price of the unit. B.

kcflhrc · Jan 24, 2014

Their 0% for 84 months is a joke, all they do is jack up the price of the tractor. Lots better deals out there. Kubota and JD both have 0% for 5 years

cletus99 · Jan 28, 2014

kcflhrc said:
Their 0% for 84 months is a joke, all they do is jack up the price of the tractor. Lots better deals out there. Kubota and JD both have 0% for 5 years

That's what everyone does for 0% financing, even car manufacturers. Kubota and JD are no different. They're all going to get their money from somewhere.

leveled · Feb 18, 2014

0% just means you just pay upfront hiding load fee close to 18%, which averages roughly 3-5% annual interest.

kcflhrc · Feb 18, 2014

leveled said:
0% just means you just pay upfront hiding load fee close to 18%, which averages roughly 3-5% annual interest.

You would be wrong about the JD 0%. The John Deere 0% financing is a true 0%. The cash price or finance price was exactly the same. I asked. Now the Mahindra 0% for 84 months is a scam, they tack on $2k to the price. Don't know about Kubota, never got that far. So unless you really know I wouldn't make assumptions.

kcflhrc · Feb 18, 2014

I guess I'll play along but for the life of me I cant understand why.

2013 JD 3032E
305 Loader
Frontier RC2060 Lift-Type Rotary Cutter
Frontier RB2072 - 6 Ft. Standard Duty Rear Blade
Loaded tires
I-match coupler
Delivered to my house, about 80 miles one way
0% financing for 5 years
$18,944.50 this included insurance and document fee's, total price delivered.

So now your gonna tell me Kubota, Mahindra, Kioti are all better tractors, and blah, blah, blah. This thread is about financing and what's real, not what tractor has better specs.

jel1988 · Feb 18, 2014

I bought my Max22 last year, wanted the 0% for 84 months they said they couldn't offer that in Canada but I worked out the price before we talked financing. The bank wanted 8% on a personal loan, the dealer financed the offered price through Agri Credit at 0% over 60 mons.