Financing confused about kubota financing

[shrekbelly]

am getting ready to buy a bx, but am not sure if i read the finance deal properly? will have approximately 50% in cash. will i be able to get the 0% for 36 months on the remainder? thanks for your time and attention-shrekbelly

 

[art]

You should have no trouble getting the rest financed at the 0% as long as your credit rating is acceptable.

 

[asylum575]

I'm of the opinion to finance as much as possible at 0%. If you have 50% cash and you put the cash in a bank CD you can pay for implements with the interest. for example
BX24 Purchase price of $15-16k, half would be $7500-8000.
$8000 at 5% is $400 in one year,that's a box blade.
There are plenty of variable, like the ability to handle the larger payment. You can keep a little on the side to help with the payments. But if you could swing it, you could probably get a box blade and rake with the interest
BTW, ONLY CONSIDER THIS IF YOU ARE DISCIPLINED, otherwise pay down the note as much as you can to make the smallest payment possible

 

[Mike058]

Subtract your down payment from the out the door price and divide the remaining balance by 36. If you can afford that payment, or more, for 36 months you're good to go. Really important to pay it off by the time the deal ends because if you don't, you'll have to pay all the accumulated interest. If it were me, I'd pay it off in 34-35 months just to be safe. They may ask for a smaller monthly payment, but that'll leave you with a big balloon payment at the end.

 

[Skyco]

I didn't put one cent down or pay any up front costs on mine. I was prepared to pay the whole thing but when I found out about the 0% I would have been a fool to put anything into it....let it ride for 36 months with automatic debit from my account. Meanwhile I'm making money on the 15k+ I didn't have to lay out

 

[LBrown59]

am getting ready to buy a bx, but am not sure if i read the finance deal properly? will have approximately 50% in cash. will i be able to get the 0% for 36 months on the remainder? thanks for your time and attention-shrekbelly

Why pay 50% down and loose intrest on yer own money?
I wouldn't pay interest on my own money when I could earn intrest on their money.

 

[TalonDancer]

I didn't put one cent down or pay any up front costs on mine. I was prepared to pay the whole thing but when I found out about the 0% I would have been a fool to put anything into it....let it ride for 36 months with automatic debit from my account. Meanwhile I'm making money on the 15k+ I didn't have to lay out

Exactly!

I was planning to pay cash for the full amount, till I read/understood the implications of the Kubota financing deal.

The $0 down, 0% for 36 month Kubota financing amounts to a steep discount on the TOTAL purchase price, inculuding 3rd party implements. Heck my dealer even financed the "closing costs" (e.g. various fees). I've got Kubota on Auto Pay

Talon Dancer

 

[LBrown59]

Exactly!

I was planning to pay cash for the full amount, till I read/understood the implications of the Kubota financing deal.

The $0 down, 0% for 36 month Kubota financing amounts to a steep discount on the TOTAL purchase price, inculuding 3rd party implements. Heck my dealer even financed the "closing costs" (e.g. various fees). I've got Kubota on Auto Pay

Talon Dancer

Wonder if it also includes used implements and equipment ?
I'm negotiating with a dealer on a new BX and a used BX plus A used Front blade and a tiller and a new or used MMM.
I'm wondering if Kubota Will fiance the whole Package{ with the 0 down 0% financing} which includes both tractors plus the Front blade, tiller and MMM.

 

['Bota Fan]

Wonder if it also includes used implements and equipment ?

From my understanding, you can only finance implements interest-free if they are purchased at the same time as the tractor.

Don't know if they would finance used implements if purchased in the same deal with a new tractor.

Art, Neil, any words of wisdom?

 

[MessickFarmEqu]

This just changed for Oct 1st actually. Kubota tractors and landpride implements can be financed at the promo rates, any other implements can be rolled in but you'll pay a more standard financing rate (8%-10%) for that piece. Its possible that a creative dealer can fit a low cost implement in the deal without blending the rates, but its not easy and the dollar amount will be very limited.