Buying outright vs Financing? Any advantage?

[daTeacha]

If you sit down and crunch numbers with the dealer, you will find that 0% financing will still cost more than cash outright. There are various charges associated with starting up a loan that they will include ranging from initiation fees to credit checks to trying to convince you that you need to insure the tractor with them for the period of the loan. (Homeowners insurance will more than cover the cost of the tractor if your place burns or something.)

Ask them to write up the deal showing you the bottom line both ways, including all applicable charges, taxes, fees, gratuities, or what have you until the thing is paid for. Cash will probably be a couple hundred cheaper.

 

[daTeacha]

If you sit down and crunch numbers with the dealer, you will find that 0% financing will still cost more than cash outright. There are various charges associated with starting up a loan that they will include ranging from initiation fees to credit checks to trying to convince you that you need to insure the tractor with them for the period of the loan. (Homeowners insurance will more than cover the cost of the tractor if your place burns or something.)

Ask them to write up the deal showing you the bottom line both ways, including all applicable charges, taxes, fees, gratuities, or what have you until the thing is paid for. Cash will probably be a couple hundred cheaper.

 

[LeadPoison]

Kubota requires a purchase of an insurance policy while financing the tractor. If you buy it outright then you avoid it.

 

[LeadPoison]

Kubota requires a purchase of an insurance policy while financing the tractor. If you buy it outright then you avoid it.

 

[MOPAULY]

I see...more things I did not know. Guess it will be outright, if everything comes together right.

 

[MOPAULY]

I see...more things I did not know. Guess it will be outright, if everything comes together right.

 

[riptides]

Hah.

I just love to read the replies on this mostly personal and psychological issue of money. To me it is a tool to get me something or something else. It all depends on the persons needs and wants.

I want a lot out of life, I need just a little. But I use other peoples monies all the time. In the end, it will not matter to me, and I'll have gotten what I want.

As long as your responsible with your debt, I view this as a cash stretching exercise to get MORE tractor stuff.

-Mike Z.

 

[riptides]

Hah.

I just love to read the replies on this mostly personal and psychological issue of money. To me it is a tool to get me something or something else. It all depends on the persons needs and wants.

I want a lot out of life, I need just a little. But I use other peoples monies all the time. In the end, it will not matter to me, and I'll have gotten what I want.

As long as your responsible with your debt, I view this as a cash stretching exercise to get MORE tractor stuff.

-Mike Z.

 

[MOPAULY]

</font><font color="blue" class="small">( I view this as a cash stretching exercise

-Mike Z. )</font>

We don't want any unecessary debt when we move...although 'cash stretching exercise' makes me laugh /forums/images/graemlins/grin.gif

 

[MOPAULY]

</font><font color="blue" class="small">( I view this as a cash stretching exercise

-Mike Z. )</font>

We don't want any unecessary debt when we move...although 'cash stretching exercise' makes me laugh /forums/images/graemlins/grin.gif