Buying outright vs Financing? Any advantage?

[MOPAULY]

If things go the way they are I will be looking at a new BX24 come fall. Is there any advantage to buying outright vs financing? From a better deal standpoint?

I've wondered if it really matters to the dealer, either way they get paid, so is there any incentive for them to give a slightly better deal if you go one way or the other? I'm leaning to the outright purchase. Even if you get 0% financing, I don't see a point unless there is an advantage of some sort...comments?

 

[MOPAULY]

If things go the way they are I will be looking at a new BX24 come fall. Is there any advantage to buying outright vs financing? From a better deal standpoint?

I've wondered if it really matters to the dealer, either way they get paid, so is there any incentive for them to give a slightly better deal if you go one way or the other? I'm leaning to the outright purchase. Even if you get 0% financing, I don't see a point unless there is an advantage of some sort...comments?

 

[rogdan]

It's probably so rare to buy strait out that dealers don't even consider it in pricing. When I shopped around few even asked if I had a trade when quoting price.
I can only see buying strait out as an advantage over 0% financing maybe when dealing with online dealers for the absolute rock bottom.
I would make a significant down payment to enable a low monthly payment with Kubota's 36 month 0%. Use the rest of the bank roll on attachments /forums/images/graemlins/grin.gif

 

[rogdan]

It's probably so rare to buy strait out that dealers don't even consider it in pricing. When I shopped around few even asked if I had a trade when quoting price.
I can only see buying strait out as an advantage over 0% financing maybe when dealing with online dealers for the absolute rock bottom.
I would make a significant down payment to enable a low monthly payment with Kubota's 36 month 0%. Use the rest of the bank roll on attachments /forums/images/graemlins/grin.gif

 

[Brack]

For JD there is a charge between Deere and dealers for money used for financing. The 0% financing would have put an additional cost a little more than $100.00 on my 2210. I had planned on paying cash and negotiated a price based on that. When I discussed the financing option with my dealer he told me he couldn't give me the same price due to his charge from Deere. Based on this experience I'd say you can a lower price cash, but you can also make your money work harder to make this amount up over 36 months.

 

[Brack]

For JD there is a charge between Deere and dealers for money used for financing. The 0% financing would have put an additional cost a little more than $100.00 on my 2210. I had planned on paying cash and negotiated a price based on that. When I discussed the financing option with my dealer he told me he couldn't give me the same price due to his charge from Deere. Based on this experience I'd say you can a lower price cash, but you can also make your money work harder to make this amount up over 36 months.

 

[simonis]

When I was shopping for tractors, both Kioti and New Holland offered a discount for cash purchase. It was in the range of several hundred dollars. Kubota did not offer any difference in pricing.

 

[simonis]

When I was shopping for tractors, both Kioti and New Holland offered a discount for cash purchase. It was in the range of several hundred dollars. Kubota did not offer any difference in pricing.

 

[firemanpat2910]

pay cash advantages.
1 Done deal yours right now no payments to worry about
2 some dealers will give a discount for cash in hand, they see greenbacks and you say throw in that there bush hog and we got us a deal... and some will fall all over themselves.
3 no fees for doc stamps, credit checks, time spent with paper work.
pay cash disadvantages.
1 If you can get 0 intrest, no points or fees then you would be better off to put cash in any type of interest earning account and pay off tractor for as long as you can.
2 If you finance through the dealer and have major problems with the machine you have some leverage as in it dont work and I aint paying ( I do not recomend this personaly but have seen people use it to their advantage) {depends on your personality, some can pull it off others cant}
3 just the thought of thumbing out that much cash at one time makes me shudder.

so I guess it there are several ways to look at it, If you can pay it all in one shot and dont think you will worry about it later go for it. But with 0 % you could probably come up with other options that would either make a little on that money or at least have a "nest egg" that you draw off of every month and pay the tractor bill. but at least if an emergency pops up you still have the cash.

 

[firemanpat2910]

pay cash advantages.
1 Done deal yours right now no payments to worry about
2 some dealers will give a discount for cash in hand, they see greenbacks and you say throw in that there bush hog and we got us a deal... and some will fall all over themselves.
3 no fees for doc stamps, credit checks, time spent with paper work.
pay cash disadvantages.
1 If you can get 0 intrest, no points or fees then you would be better off to put cash in any type of interest earning account and pay off tractor for as long as you can.
2 If you finance through the dealer and have major problems with the machine you have some leverage as in it dont work and I aint paying ( I do not recomend this personaly but have seen people use it to their advantage) {depends on your personality, some can pull it off others cant}
3 just the thought of thumbing out that much cash at one time makes me shudder.

so I guess it there are several ways to look at it, If you can pay it all in one shot and dont think you will worry about it later go for it. But with 0 % you could probably come up with other options that would either make a little on that money or at least have a "nest egg" that you draw off of every month and pay the tractor bill. but at least if an emergency pops up you still have the cash.