Buying outright vs Financing? Any advantage?

   / Buying outright vs Financing? Any advantage? #41  
"I had no idea that there was even much of a call for financing a tractor"
It must happen more than occasionally or they wouldn't spend so much time and money pitching these finance deals would they?
Another thought on a cash deal if you have or can borrow a trailer is that you could open your search up nation wide.
 
   / Buying outright vs Financing? Any advantage? #42  
"I had no idea that there was even much of a call for financing a tractor"
It must happen more than occasionally or they wouldn't spend so much time and money pitching these finance deals would they?
Another thought on a cash deal if you have or can borrow a trailer is that you could open your search up nation wide.
 
   / Buying outright vs Financing? Any advantage? #43  
</font><font color="blue" class="small">( Dargo, I have the same pholosophy, if I dont have the $$$ I dont need it. Needless to say I sleep better that way.

)</font>

I had the money when I bought my bx23 but I liked the idea of earning a return on Kubotas money so I went with the 0% intrest.
 
   / Buying outright vs Financing? Any advantage? #44  
</font><font color="blue" class="small">( Dargo, I have the same pholosophy, if I dont have the $$$ I dont need it. Needless to say I sleep better that way.

)</font>

I had the money when I bought my bx23 but I liked the idea of earning a return on Kubotas money so I went with the 0% intrest.
 
   / Buying outright vs Financing? Any advantage? #45  
</font><font color="blue" class="small">( While we are on this subject I'd like to offer one more thought from my perspective of 25 years as a car dealer . . . cash itself. We cannot accept large amounts of actual currency for a car purchase unless the buyer fills out a currency transaction report that we file with the IRS. In some parts of the country there have been criminal prosecutions of car dealers over this, for assisting unwittingly in money laundering.)</font>

/forums/images/graemlins/laugh.gif Back in the late '60's, before the world got so paranoid, I was in a Camaro club headquartered at a Chevy dealership in Flint, Michigan. One of the stories the sales guys loved to tell was about this elderly black gentleman who was always hanging around the showroom looking at the cars on display. He came to be a fixture, everyone knew him by name, etc.

One day they had a car in the showroom that he really liked. He asked one of the salesman what it cost. The guy showed him the window sticker, and told him the price. The man told him he would buy it and to get it ready, then walked out the door. The salesman had a pretty good laugh with his coworkers about it all. A while later, the customer shows up with a wheelbarrow full of money -- change, dollar bills, 5s, maybe a couple of 10s, but nothing bigger. He told the salesman to count out what he needed and let him know if there was enough. If not, he could go home and bring back some more!

The year was 1968. I had just gotten out of college and was pretty happy to have purchased a new Camaro with 327, 4 speed, disc brakes, and a stereo radio for $2750 out the door.
 
   / Buying outright vs Financing? Any advantage? #46  
</font><font color="blue" class="small">( While we are on this subject I'd like to offer one more thought from my perspective of 25 years as a car dealer . . . cash itself. We cannot accept large amounts of actual currency for a car purchase unless the buyer fills out a currency transaction report that we file with the IRS. In some parts of the country there have been criminal prosecutions of car dealers over this, for assisting unwittingly in money laundering.)</font>

/forums/images/graemlins/laugh.gif Back in the late '60's, before the world got so paranoid, I was in a Camaro club headquartered at a Chevy dealership in Flint, Michigan. One of the stories the sales guys loved to tell was about this elderly black gentleman who was always hanging around the showroom looking at the cars on display. He came to be a fixture, everyone knew him by name, etc.

One day they had a car in the showroom that he really liked. He asked one of the salesman what it cost. The guy showed him the window sticker, and told him the price. The man told him he would buy it and to get it ready, then walked out the door. The salesman had a pretty good laugh with his coworkers about it all. A while later, the customer shows up with a wheelbarrow full of money -- change, dollar bills, 5s, maybe a couple of 10s, but nothing bigger. He told the salesman to count out what he needed and let him know if there was enough. If not, he could go home and bring back some more!

The year was 1968. I had just gotten out of college and was pretty happy to have purchased a new Camaro with 327, 4 speed, disc brakes, and a stereo radio for $2750 out the door.
 
   / Buying outright vs Financing? Any advantage?
  • Thread Starter
#47  
I have a car trailer that will handle a tractor no problem, so that's not an issue. Called Messicks this morning and they were $200 cheaper then the best local dealer...but also 102 miles away. Factor in gas and I'm looking at a $100 savings which isn't to bad, without any attempt at negotiating.

Everything still has to come together or the tractor is just a pipe dream, but based on what I know thus far I think it will become a reality.
 
   / Buying outright vs Financing? Any advantage?
  • Thread Starter
#48  
I have a car trailer that will handle a tractor no problem, so that's not an issue. Called Messicks this morning and they were $200 cheaper then the best local dealer...but also 102 miles away. Factor in gas and I'm looking at a $100 savings which isn't to bad, without any attempt at negotiating.

Everything still has to come together or the tractor is just a pipe dream, but based on what I know thus far I think it will become a reality.
 
   / Buying outright vs Financing? Any advantage? #49  
I just made a purchase and negotiated the deal and once I was happy with the price I then asked now how much better of a deal can he offer me if its cash. He then took off $500 and gave me half off a york rack (saved another $200). It also made it a lot more enjoyable when it was delivered and it was paid for. I remember getting my first new car and it didnt feel too good when that first payment came due.
 
   / Buying outright vs Financing? Any advantage? #50  
I just made a purchase and negotiated the deal and once I was happy with the price I then asked now how much better of a deal can he offer me if its cash. He then took off $500 and gave me half off a york rack (saved another $200). It also made it a lot more enjoyable when it was delivered and it was paid for. I remember getting my first new car and it didnt feel too good when that first payment came due.
 

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