Anyone else think this is BS on Kioti's part

[ovrszd]

I see no malice.

For curiosity sake, what's the total dollars you are going to pay for this tractor at the end of the finance period? When looking at that number the $1000 change would be better measured.

 

[s219]

No way they should be raising rates right now, not even close. Tell them to get back to you when they come down. I would not be paying over 3.5% for anything right now.

 

[Diggin It]

Neglecting to update a website is not something to go chasing lawyers over either.

 

[RickB]

Pay their rate, write a check, get a better rate elsewhere or skip buying a tractor. Looks like you have four options.

 

[Ford850]

I guarantee you there is a "*" on that website where it lists details. There always is, and it will likely include something along the lines of "offer subject to change without notice" and "not all customers qualify". No one's trying to take advantage of you. Follow RickB's advice above, choose an option, and move on.

 

[Sawyer Rob]

Save your money until you have CASH, and then you will save a bundle more in interest, that you won't have to pay!! PLUS, I always get a better deal with cash, so I save even more money!

SR

 

[Diggin It]

Why do they add a point for 84 months? I see 3.99% up to 72 months, but 4.93% for 84 months:

% for 84 Months | Kioti Tractors

.

 

[RickB]

Because if you need 7 years to pay off a tractor there’s an excellent chance you are at greater risk of not being able to.

There is also an excellent chance that in 5 or 6 years a 5% loan will be very attractive.

 

[TractorGuy]

If I were you I would tell him if he doesn't adjust to the agreed upon deal you are walking.

I think dealers can get some kickback if they get you to sign at a higher rate.

I bought my wife a new Mazda 3 in 2004. (worst POS we ever owned) The dealer and I had gone back and forth on pricing and were $500 apart on our trade when they gave in and decided to deal with me. Mazda had 2.9% advertised on their web site. When they presented the deal for me to sign they had 3.9% on it. When I asked how that affected the loan over the total pay back it came out to the $500 I said I wouldn't pay. The salesman said the higher rate was based on my credit rating. HA! My credit rating was 820. I told him if we didn't qualify for the advertised rate nobody would and I slid the unsigned paper work back at him. He got on the phone to the manager and immediately adjusted the rate. From now on if I think someone is trying to pull one on me I just go ahead and walk.

 

[RickB]

If I were you I would tell him if he doesn't adjust to the agreed upon deal you are walking.

If he wanted last months rates he should have signed last month.