eMax 22/25 info?

[LindenBruce]

Well, the JD 700 series can get up to like 13,000.00+ MSRP. So they ain't cheap either. The GR2120 is a fair amount cheaper. I would not even consider a backhoe at this level. Not with the type of soil's I have here. ****, Case 580's have a hard time digging a hole on this hill, which would prolly be better called a rock. A FEL yes. A small appropriately sized blade or yard rake yes. The MMM is a definite yes. B.

 

[whizdbiz2]

here is how the numbers work out:
cash price = X ($21,589)
special financing, 2.99% 60 mo. = X + $2351 (what you pay over 60 months) $399/ mo.
special financing 3.99% 72 mo. = X + $3395 $347/ mo.
special financing 3.99% 84 mo. = X + $3863 $303/ mo.
0% 60 months = X + $1600, $385/ mo.
0% 72 months = X + $1800, $325/ mo.
0% 84 months = X + $2100, $282/ mo.
Those are the costs to buy over the Cash Price.
What do you want to spend per month?
0% is cheaper verses low rate financing.

Here's a quote I just got on an eMax 22 with a loader and R4s from our local dealer:
Cash price: $12,072
Financed: $12,672 (same price for all payback periods) 2.99% for 60 months = $228 per mo.
0% price 60 month: $ 13,672 / $228 per mo. Price varies by payback period.

If you pencil it out, you'll note there is no difference in the 0% and 2.99% in the total amount paid.

Another nearby dealer was about $85 less on the cash price and the financed prices were the exact same.

 

[ODT]

If you take the loan to term, that is correct (excepting tax if applicable). What the low rate (2.99%) does allow is the option of early payoff with no penalty--simple interest loan.
So if you are budgeted for 60mons then the 0% option may make more sense. Conversely, if there is the possibility of paying off the 2.99% early, say 48mons or less then you would save vs. the 0% option.

 

[architect]

my price was for eMax 25 with FEL, Backhoe, Thumb, 12" bucket msrp 60" MMM $25,205.
Cash price $23,189 -$600 -$1000 = $21,589.
Rock Bottom Pricing $23,189. - $1000 = $22,189
2.99%/ 60 mo. $399 = $23,940 w/o early payment
3.99%/ 72 mo. $347 = $24,984
3.99%/ 84 mo. $303 = $25,452
Value Pricing
$23,189 0%/ 60 mo. = $386 = $23,189
$23,389 0%/ 72 mo. = $325 = $23,389
$23,689 0%/ 84 mo. = $282 = $23,689
NO TAX in numbers
If you finance, 'rule of 72' Has highest interest in early payments, less as you near end.
With today's fantastic economy I have NO idea what I can afford tomorrow.

Also do not have any other Mahindra dealers close, only one Kubota dealer close and I will not deal with them.

 

[DavesTractor]

Exactly ODT. The only way a 0% deal is good (at least the way Mahindra prices it) is if you put little or nothing down and then do not pay it off early. It then becomes pretty cheap. Also, if you add a backhoe the cost for doing 0% does not go up (the payment does, the "surcharge" does not) so that makes it even better. Therefore, my suggestion on 0% is give little or nothing down and load it up with everything you want and then never pay it off early.

Alternately, if the package is bare tractor or just tractor/loader, you can get all cash discounts and still finance at the standard rate of 4.99%. Put maximum down payment and pay off early and you are ahead of the game.

Some people use 0% and pay off early....not a good deal.

 

[whizdbiz2]

If you take the loan to term, that is correct (excepting tax if applicable). What the low rate (2.99%) does allow is the option of early payoff with no penalty--simple interest loan. So if you are budgeted for 60mons then the 0% option may make more sense. Conversely, if there is the possibility of paying off the 2.99% early, say 48 mons or less then you would save vs. the 0% option.

Good information and makes sense. Planning on early payoff, likely 48 mo. or less) so the 0% option wouldn't work. We are a working farm so we are sales tax exempt so no issues there.

Still want to look at an LS J2023 before I pull the trigger but the price I was given on it was almost a $1,000 more than the Mahindra and don't know if he can or will come down on it (making it even harder to decide if he does!). Supposed to get one on the truck in about a week or so, if not will have to travel a bit to find another dealer, this one is about a 20 min. drive away.

Edit: wife reminded me it's been 3 weeks since I've been there and no call from them and no one is answering the phone there today.

 

[Code54]

If you are not set on the Emax you may want to price the Kubota a bit more - The BX25D with FEL, Backhoe, Thumb, 12" bucket, 60" MMM, loaded tires can be purchased for $19,400 + tax so you have a 2K difference on the little one - that buys a lot of implements. I also don't personally feel the warranty is an issue, I have owned several machines and the most I replaced was a safety switch under warranty (think they said it was $20 if I bought it). Just saying this to give you more info, not saying anything is wrong with Emax by the way...

 

[whiz]

Went ahead and pulled the trigger on an eMax 22 with loader, quick hitch and a 4' sliding blade for $13,142 (that's the 60 mo. conventional finance price) but with the accessories it qualifies for $300 cash back and doesn't include my down payment. Loading the rear tires is $58 extra, both tires, not calcium or beet juice but will add some weight I won't have to move around by hand.

Was pretty impressed how heavy duty that "little" tractor really is. They did cut back on some things like using plastic for the hood and side panels from the Max 22 but I liked the dual peddle hydro vs. the treadle peddle on the Max 22 and the general layout of the controls. It is Tier 4 compliant without any add-ons like their bigger tractors have. I did sit and drive both and the Max 22 wasn't showing me any more than I was getting on the eMax that would justify the higher price.

Sign all the paperwork on Monday and they can deliver it Weds. evening (it's Sat. today). Dealing with Specialty Tractor in Lancaster, OH, good folks and a growing dealership. They are building a new huge service building for the Mahindras and their RV business. Will post some pictures once we get it here.

 

[madmax12]

Went ahead and pulled the trigger on an eMax 22 with loader, quick hitch and a 4' sliding blade for $13,142 (that's the 60 mo. conventional finance price) but with the accessories it qualifies for $300 cash back and doesn't include my down payment. Loading the rear tires is $58 extra, both tires, not calcium or beet juice but will add some weight I won't have to move around by hand.

Was pretty impressed how heavy duty that "little" tractor really is. They did cut back on some things like using plastic for the hood and side panels from the Max 22 but I liked the dual peddle hydro vs. the treadle peddle on the Max 22 and the general layout of the controls. It is Tier 4 compliant without any add-ons like their bigger tractors have. I did sit and drive both and the Max 22 wasn't showing me any more than I was getting on the eMax that would justify the higher price.

Sign all the paperwork on Monday and they can deliver it Weds. evening (it's Sat. today). Dealing with Specialty Tractor in Lancaster, OH, good folks and a growing dealership. They are building a new huge service building for the Mahindras and their RV business. Will post some pictures once we get it here.

Congrats!

It would be cool to see video of you using it, if that is ever available.

 

[Code54]

Congrats Whiz - you know we all are going to hold you to those photos!!