FarmTrac Troubles

[blueliner]

When it's time to collect interest it is Textron's inventory --when it's time to put a new seat and coat of polish on it's your inventory. When it's time to discount it's your inventory. No Textron doesn't insure the tractors and equipment---they require the dealer to do that!

longtrman,

What a joke, -- a bad one, at that?!

Basically, you're saying that retailers take all the risk, responsibility and exert all the sweat, but TFC wants to scoop the gravy off the top ... then turn around and gouge dealers for curtailments and interest they originally waived to hornswaggle dealers during their tractor-loading conspiracy last fall/winter?!

If so, it's hard to imagine how dealers would ever trust them again in *any* form of negotiations. Wouldn't make sense.

Just one guy's opinion.

Thanks for the insights, Longtrman!

--b

 

[redneckford]

OLE BLUE----there are laws in the US against PREDATORY LENDING----THEY CALL 'EM LOAN---SHARKS. Surly Textron didn't hire no stinking fish!!!!!---Quick get a net?

 

[SESS]

Question for the "wise" ones: When a ship is sinking and taking on water-at what point do you start bailing the water out???? This Farmtrac mess has been going on for 7 months now. Less than 50 tractors have been sold across the USA since Jan. Contrary to belief, dealers do not set the price for the tractors sitting on their lots. The floorplan company Tex*** sets the price. With a very minimal amount of tractors sold for the year, don't you think it would be time to start DISCOUNTING the units to get them moving before the tires go flat and the paint fades away?? There are alot of customers out there waiting to buy Farmtracs (and rightly they should because they are good running tractors) BUT they are not going to buy them at last years prices! They want discounts to reflect the age of the tractors and/or condition that it is in. DISCOUNTS=SALES!!! I think we need to get some discounts and that will get rid of some of the water in the ssinking ship!

 

[redneckford]

DISCOUNTS?????!!!!!-----How 'bout they just redo the invoices for the amount they paid ESCORTS at the factory and take out all that false profit that they baked into those invoices when they "Sold" the paper to the dealers. (First reverse all that incentive pay to those employees that got bonuses for selling all that false paper)We all know that those were not sells but kites. What do they add to each invoice 20-30% that's alot of money.DISCOUNTS!!!!! I quess in their math they would have you believe that 2+2=6 and with their "Help" it now equals 4. So if they want to do a match discount they better be sure it is a true match not they lose paper profits and you lose the kitchen sink. There is a difference!!!!!

 

[blueliner]

Hello, all!

For the most part, this place has been eerily quiet.
Time to blow the dust off blog page 110...

Has everyone lost their pulse? Or nerve?
Let's hear from ya, folks!

Some RSVP notes:
RNFord -- About loan sharking... I will plead ignorant to not knowing the statutory limits of what constitutes it. That's the only reason I won't expound on it.

I bet you can name one group who *thoroughly* knows that facet of criminal law -- and how to manipulate/exploit it. Hint: Seven letters and starts with a "T."

More manipulation... How 'bout they just redo the invoices for the amount they paid ESCORTS at the factory and take out all that false profit that they baked into those invoices when they "Sold" the paper to the dealers. (First reverse all that incentive pay to those employees that got bonuses for selling all that false paper) We all know that those were not sells -- but kites.

Irony here... bet the brainchild bookkeepers who laid out that scheme don't even fit under the extortion (errrr, financial) firm's Golden Umbrella.

What a freaking pity, eh? They are relegated to driving a Viper instead of a Porsche.

And to the TMs who stuffed their pockets with tractor-dumping cay$h and made a run for it: shame on you, sellouts!

SESS -- Question for the "wise" ones...
Some would say that "wise" is only half a word when referring to me. : )

When a ship is sinking and taking on water-at what point do you start bailing the water out?
Conventionally, you cork it before flooding becomes an issue... unless you are heavily insured for the boat sinking and the onboard drowning deaths!

This Farmtrac mess has been going on for 7 months now. Less than 50 tractors have been sold across the USA since Jan.
The Benjamins are not flowing... retailers report that on many a day, neither are the Washingtons.

FOOD FOR THOUGHT:
Wonder if those working for the Big T haven't pared their diets down to bread, antacids, ibuprophen ... and water to wash it down?
Spies say Ruth Criss' is still on their menus.

Contrary to belief, dealers do not set the price for the tractors sitting on their lots. The floorplan company Tex*** sets the price.
That sounds strangely familiar to what Huggy Bear does. Lemme guess... Kurt, the boys and Lizzy Leach are easily distinguished by the Roostah-like feather protruding from their fedoras.

With a very minimal amount of tractors sold for the year, don't you think it would be time to start DISCOUNTING the units to get them moving before the tires go flat and the paint fades away?
SESS, working-folk logic (and concern) has *nothing* to do with their actions.

For a moment, think like the animal you're observing [I realize it's tough, as we have internalized numerous pro-social and existential values]: The Evil Empire refuses to take a cut... they intend to get full money -- from someone, somehow.
- If dealers sell tractors quick and eat the loss, Darth Raymond's crew gets it "up front."
- If dealers are unable (or unwilling) to eat the loss and don't sell units, TFC will push to collect interest and curtailments.

Translated: They have rigged the game so they'll win, no matter what the outcome.

If a byproduct is that retailers are screwed... do you think The Dark Side gives a rat's gluteus?

There are a lot of customers out there waiting to buy Farmtracs (and rightly they should because they are good running tractors)
Indeed. I hear about lots of satisfaction with the product. Even those taking it on the chin still say "but I really like their tractors."

They are not going to buy them at last years prices! They want discounts to reflect the age of the tractors and/or condition that it is in.
If I'm understand you correctly, you're saying... C'mon now, cut the nonsense and dish out some legitimate price reductions.

Agreed. And goofy slant-the-book sales spinjobs aren't going to cut it. That crap is transparent. The majority of customers know when the numbers are manipulated to simulate a sale.

...we need to get some discounts and that will get rid of some of the water in the sinking ship!
While your quickly filling boat is going down.. but guess who is lazily dry fishing from the peer? See answer to the well-versed criminals answer above.

Hope the dealers escape the sinking boat and safely arrive on land... while TFC's fish wash to the shoreline and rot. The stench would be a ripe -- and fitting -- outcome.

--b

 

[longtrman]

Ol Blue,
You need to contact SESS, She needs consoling big time. The Federal trade commission said FARMTRAC, Escorts and the Indians did nothing wrong! Try to convince the "Not Even Zero" customers that they did nothing Wrong!! Senator Christopher "KIT" Bond's office has apparently washed their hands of the deal. Guess I'll have to find where the Democrat button on the voting machine is. I will post the contact information for Senator Christopher "Kit" Bond on this site as soon as I can. There may be a lot of "Not Even Zero" customers wanting to make a campaign contribution to Senator Christopher "Kit" Bond's next election!

 

[SESS]

I received notice from Senator Bond's office in Missouri with a response from the Federal Trade Commission (FTC) today that the FTC cannot pursue a case for wrong doing, because no laws were broken against my personal dealership. I could not bring complaints of wrong doing to the FTC for all the LESS THAN ZERO customers because it did not happen to me specifically.

Attention all Less Than Zero customers: If you want any resolution on your behalf against Farmtrac NA, then YOU must file a complaint with the Federal Trade Commission. Again, here is the website https://www.ftccomplaintassistant.gov/ and you will click on the icon that says "FTC complaint assistant". It takes less than 5 minutes to file the complaint against Farmtrac. I do not have the specific number of customers that purchased the LTZ plan, but to equal $2.9 million it has to be a bunch!!! Please take the time and file your complaint. Wrong is wrong is wrong!!! We have to stop this from happening to other people down the road. Feel free to send me a PM with any questions.

 

[longtrman]

I received notice from Senator Bond's office in Missouri with a response from the Federal Trade Commission (FTC) today that the FTC cannot pursue a case for wrong doing, because no laws were broken against my personal dealership. I could not bring complaints of wrong doing to the FTC for all the LESS THAN ZERO customers because it did not happen to me specifically.

Attention all Less Than Zero customers: If you want any resolution on your behalf against Farmtrac NA, then YOU must file a complaint with the Federal Trade Commission. Again, here is the website https://www.ftccomplaintassistant.gov/ and you will click on the icon that says "FTC complaint assistant". It takes less than 5 minutes to file the complaint against Farmtrac. I do not have the specific number of customers that purchased the LTZ plan, but to equal $2.9 million it has to be a bunch!!! Please take the time and file your complaint. Wrong is wrong is wrong!!! We have to stop this from happening to other people down the road. Feel free to send me a PM with any questions.

Very good advice! This lady has worked tirelessly on your behalf and was told by the government you have to do it she can't do it for you. Please follow her advice!

 

[blueliner]

Ol Blue,
You need to contact SESS, She needs consoling big time.

Consider it already done -- along with suggestions for "next step(s)."

Like Marvelous Marvin Hagler, getting punched by opponents only "makes me madder" (and more determined).

Get knocked down 5 time = you get up 6 times.

We will not "go quietly into the night," Longtrman.
Trust me on that.

--b

 

[longtrman]

Consider it already done -- along with suggestions for "next step(s)."

Like Marvelous Marvin Hagler, getting punched by opponents only "makes me madder" (and more determined).

Get knocked down 5 time = you get up 6 times.

We will not "go quietly into the night," Longtrman.
Trust me on that.

--b

Ol Blue
This sounds more like a horror movie where the monster gets you by the big toe and slowly drags you kicking and screaming through the knot hole in the log cabin wall.