MLinOleMiss
Silver Member
Pay cash and put the note in a proven mutual fund or an education savings fund if you have kids ot grandkids.
Buying outright vs Financing? Any advantage?
- Thread starter MOPAULY
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MLinOleMiss
Silver Member
Pay cash and put the note in a proven mutual fund or an education savings fund if you have kids ot grandkids.
Dargo
Super Member
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- S. IN
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- Jinma, Foton, TYM, Belarus, Yanmar, Branson, Montana, Mahindra and maybe some green and orange too.
</font><font color="blue" class="small">( It's probably so rare to buy strait out that dealers don't even consider it in pricing. )</font>
Really? I've bought nearly 2 dozen new tractors and have never considered financing any of them. I had no idea that there was even much of a call for financing a tractor. Maybe I'm old school, but I was always taught to never finance a depreciating asset, and only when you have to finance an appreciating asset. I guess maybe I'm an oddball. /forums/images/graemlins/crazy.gif My first couple of tractors I bought were very used and not very pretty, but I paid for them. From there I simply saved ahead of time for whatever tractor I wanted. It really did seem to be a better negotiating tool when the dealer knew that I was not going to ever finance anything and that he had to get the tractor to fit into the amount of money I had allocated for the tractor.
Really? I've bought nearly 2 dozen new tractors and have never considered financing any of them. I had no idea that there was even much of a call for financing a tractor. Maybe I'm old school, but I was always taught to never finance a depreciating asset, and only when you have to finance an appreciating asset. I guess maybe I'm an oddball. /forums/images/graemlins/crazy.gif My first couple of tractors I bought were very used and not very pretty, but I paid for them. From there I simply saved ahead of time for whatever tractor I wanted. It really did seem to be a better negotiating tool when the dealer knew that I was not going to ever finance anything and that he had to get the tractor to fit into the amount of money I had allocated for the tractor.
Dargo
Super Member
- Joined
- Mar 6, 2004
- Messages
- 5,981
- Location
- S. IN
- Tractor
- Jinma, Foton, TYM, Belarus, Yanmar, Branson, Montana, Mahindra and maybe some green and orange too.
</font><font color="blue" class="small">( It's probably so rare to buy strait out that dealers don't even consider it in pricing. )</font>
Really? I've bought nearly 2 dozen new tractors and have never considered financing any of them. I had no idea that there was even much of a call for financing a tractor. Maybe I'm old school, but I was always taught to never finance a depreciating asset, and only when you have to finance an appreciating asset. I guess maybe I'm an oddball. /forums/images/graemlins/crazy.gif My first couple of tractors I bought were very used and not very pretty, but I paid for them. From there I simply saved ahead of time for whatever tractor I wanted. It really did seem to be a better negotiating tool when the dealer knew that I was not going to ever finance anything and that he had to get the tractor to fit into the amount of money I had allocated for the tractor.
Really? I've bought nearly 2 dozen new tractors and have never considered financing any of them. I had no idea that there was even much of a call for financing a tractor. Maybe I'm old school, but I was always taught to never finance a depreciating asset, and only when you have to finance an appreciating asset. I guess maybe I'm an oddball. /forums/images/graemlins/crazy.gif My first couple of tractors I bought were very used and not very pretty, but I paid for them. From there I simply saved ahead of time for whatever tractor I wanted. It really did seem to be a better negotiating tool when the dealer knew that I was not going to ever finance anything and that he had to get the tractor to fit into the amount of money I had allocated for the tractor.
YanmarFever
Elite Member
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- Eating a melon..
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- Mahindra 5010C- Branson 4520r- 5520C- Yanmar FX235-D - Bad Boy rogue mower
Dargo, I have the same pholosophy, if I dont have the $$$ I dont need it. Needless to say I sleep better that way.
Life is to short to worry about the end of the month ! /forums/images/graemlins/grin.gif $$
Life is to short to worry about the end of the month ! /forums/images/graemlins/grin.gif $$
YanmarFever
Elite Member
- Joined
- Mar 10, 2002
- Messages
- 3,366
- Location
- Eating a melon..
- Tractor
- Mahindra 5010C- Branson 4520r- 5520C- Yanmar FX235-D - Bad Boy rogue mower
Dargo, I have the same pholosophy, if I dont have the $$$ I dont need it. Needless to say I sleep better that way.
Life is to short to worry about the end of the month ! /forums/images/graemlins/grin.gif $$
Life is to short to worry about the end of the month ! /forums/images/graemlins/grin.gif $$
<font><font color="blueclass=small">( just the thought of thumbing out that much cash at one time makes me shudder. )</font>
You hit the nail on the head there /forums/images/graemlins/grin.gif
One dealer I spoke to did mention the 0% financing, but said that could change come July, I suppose depending on overall sales for the year thusfar, so i don't know if it will be an option for us. I think the tractor prices are locked in, but the incentives and / or financing could change.
I would consider that for the reasons listed, free money is free money, invest the cash in something else short term.
However I do subscribe to the pay it now and get it over with theory, I don't like having any extra debt hanging out there.
The one dealer was only $189 cheaper then the other, apparently they just ship the BX24 with the loader and hoe standard. I could use a tiller, but can always buy something used later on. What would be nice is the mowing deck, although I still have my toro for those duties, if I could work a discount on the belly mower then maybe cash would be best. I'll have to talk more with the dealer when the time comes.
You hit the nail on the head there /forums/images/graemlins/grin.gif
One dealer I spoke to did mention the 0% financing, but said that could change come July, I suppose depending on overall sales for the year thusfar, so i don't know if it will be an option for us. I think the tractor prices are locked in, but the incentives and / or financing could change.
I would consider that for the reasons listed, free money is free money, invest the cash in something else short term.
However I do subscribe to the pay it now and get it over with theory, I don't like having any extra debt hanging out there.
The one dealer was only $189 cheaper then the other, apparently they just ship the BX24 with the loader and hoe standard. I could use a tiller, but can always buy something used later on. What would be nice is the mowing deck, although I still have my toro for those duties, if I could work a discount on the belly mower then maybe cash would be best. I'll have to talk more with the dealer when the time comes.
<font><font color="blueclass=small">( just the thought of thumbing out that much cash at one time makes me shudder. )</font>
You hit the nail on the head there /forums/images/graemlins/grin.gif
One dealer I spoke to did mention the 0% financing, but said that could change come July, I suppose depending on overall sales for the year thusfar, so i don't know if it will be an option for us. I think the tractor prices are locked in, but the incentives and / or financing could change.
I would consider that for the reasons listed, free money is free money, invest the cash in something else short term.
However I do subscribe to the pay it now and get it over with theory, I don't like having any extra debt hanging out there.
The one dealer was only $189 cheaper then the other, apparently they just ship the BX24 with the loader and hoe standard. I could use a tiller, but can always buy something used later on. What would be nice is the mowing deck, although I still have my toro for those duties, if I could work a discount on the belly mower then maybe cash would be best. I'll have to talk more with the dealer when the time comes.
You hit the nail on the head there /forums/images/graemlins/grin.gif
One dealer I spoke to did mention the 0% financing, but said that could change come July, I suppose depending on overall sales for the year thusfar, so i don't know if it will be an option for us. I think the tractor prices are locked in, but the incentives and / or financing could change.
I would consider that for the reasons listed, free money is free money, invest the cash in something else short term.
However I do subscribe to the pay it now and get it over with theory, I don't like having any extra debt hanging out there.
The one dealer was only $189 cheaper then the other, apparently they just ship the BX24 with the loader and hoe standard. I could use a tiller, but can always buy something used later on. What would be nice is the mowing deck, although I still have my toro for those duties, if I could work a discount on the belly mower then maybe cash would be best. I'll have to talk more with the dealer when the time comes.
browns40
Gold Member
Hi mopauly,
Cash in hand is the ultimate purchasing leverage, especially at the end of a month or quarter, when it's gravy on the total or that much closer to the "target"... not to mention it gives them that much more to work with towards new stock when you go at period ends... a valid check is nice, but green money adds that psychological edge to things! /forums/images/graemlins/grin.gif
That being said, repayment of obligations is what builds one's credit, and if you can further build your credit rating for free (0%) and have the means to keep that chunk separate & earning money, why not do it?
Try riding the fence during purchase negotiations & get a solid figure with them knowing you are waffling on outright vs. finance (maybe, say, the missus needs her .02 worth). Either way, they know you are a buyer & not a looker, and either way, they'll get paid, either today or when financing gets them their $$$ in 2-8 weeks. Then take the credit builder at the greenback price--heck, you need 10% down anyway, right?
I figure 0% to be a no-brainer, out of this world deal if the price is right.
Cash in hand is the ultimate purchasing leverage, especially at the end of a month or quarter, when it's gravy on the total or that much closer to the "target"... not to mention it gives them that much more to work with towards new stock when you go at period ends... a valid check is nice, but green money adds that psychological edge to things! /forums/images/graemlins/grin.gif
That being said, repayment of obligations is what builds one's credit, and if you can further build your credit rating for free (0%) and have the means to keep that chunk separate & earning money, why not do it?
Try riding the fence during purchase negotiations & get a solid figure with them knowing you are waffling on outright vs. finance (maybe, say, the missus needs her .02 worth). Either way, they know you are a buyer & not a looker, and either way, they'll get paid, either today or when financing gets them their $$$ in 2-8 weeks. Then take the credit builder at the greenback price--heck, you need 10% down anyway, right?
I figure 0% to be a no-brainer, out of this world deal if the price is right.
browns40
Gold Member
Hi mopauly,
Cash in hand is the ultimate purchasing leverage, especially at the end of a month or quarter, when it's gravy on the total or that much closer to the "target"... not to mention it gives them that much more to work with towards new stock when you go at period ends... a valid check is nice, but green money adds that psychological edge to things! /forums/images/graemlins/grin.gif
That being said, repayment of obligations is what builds one's credit, and if you can further build your credit rating for free (0%) and have the means to keep that chunk separate & earning money, why not do it?
Try riding the fence during purchase negotiations & get a solid figure with them knowing you are waffling on outright vs. finance (maybe, say, the missus needs her .02 worth). Either way, they know you are a buyer & not a looker, and either way, they'll get paid, either today or when financing gets them their $$$ in 2-8 weeks. Then take the credit builder at the greenback price--heck, you need 10% down anyway, right?
I figure 0% to be a no-brainer, out of this world deal if the price is right.
Cash in hand is the ultimate purchasing leverage, especially at the end of a month or quarter, when it's gravy on the total or that much closer to the "target"... not to mention it gives them that much more to work with towards new stock when you go at period ends... a valid check is nice, but green money adds that psychological edge to things! /forums/images/graemlins/grin.gif
That being said, repayment of obligations is what builds one's credit, and if you can further build your credit rating for free (0%) and have the means to keep that chunk separate & earning money, why not do it?
Try riding the fence during purchase negotiations & get a solid figure with them knowing you are waffling on outright vs. finance (maybe, say, the missus needs her .02 worth). Either way, they know you are a buyer & not a looker, and either way, they'll get paid, either today or when financing gets them their $$$ in 2-8 weeks. Then take the credit builder at the greenback price--heck, you need 10% down anyway, right?
I figure 0% to be a no-brainer, out of this world deal if the price is right.
