GE Capital Meltdown?

[rvaitor]

Anyone seeing any problems in the financing market? I think Kioti uses GE Capital, used to use AGCO (Agricredit).

 

[Todd_C]

I can't give any information on credit issues with tractor dealerships, but I've talked to a sales manager at a GMC dealership in the city where I work. He said a lot of people have wanted to purchase new GMC trucks at employee prices, but he said the dealership is having a hard time with getting loans approved for customers. He said most of the people have decent credit.

I also got an email from the dealership where I purchased a 2007 Dodge 2500 a few months ago. The dealership asked if I would like to sell the truck back and work out a deal on a new truck. This is a first. They offered the same amount that I paid. I guess they believe I can get a new truck financed.

 

[wallace]

Kioti is financed through Agricredit

 

[MessickFarmEqu]

I asked CNH Capital, they're not really being impacted by this.

 

[redneckford]

I asked CNH Capital, they're not really being impacted by this.

What about the used tractor/equipment market---Are they still agressively buying the deals---What about the other credit companies you deal with GE and Textron and Kubota!!! i am beginning to think someone sold to many houses and they are looking for an excuse!!!Thanks

 

[intel]

Someone emailed this to me, just thought i would share:

I知 against the $85,000,000,000.00 bailout of AIG.

Instead,
I知 in favor of giving $85,000,000,000 to America in
a We Deserve It Dividend.

To make the math simple, letç—´ assume there are 200,000,000
bonafide U.S. Citizens 18+.

Our population is about 301,000,000 +/- counting every man, woman
and child. So 200,000,000 might be a fair stab at adults 18 and up..

So divide 200 million adults 18+ into $85 billion that equals $425,000.00.

My plan is to give $425,000 to every person 18+ as a
We Deserve It Dividend.

Of course, it would NOT be tax free.
So letç—´ assume a tax rate of 30%.

Every individual 18+ has to pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife has $595,000.00.

What would you do with an extra $297,500.00 to $595,000.00 in your family?

Pay off your mortgage housing crisis solved.
Repay college loans what a great boost to new grads.
Put away money for college it値l be there.
Save in a bank create money to loan to entrepreneurs.
ABuy a new car create jobs.
Invest in the market capital drives growth.
Pay for your parentç—´ medical insurance.

<http://ragingbull.quote.com/mboard/boards.cgi?board=JOKES&read=64700> health care improves
Enable Deadbeat Dads to come clean or else

Remember this is for every adult U S Citizen 18+ including the folks
who lost their jobs at Lehman Brothers and every other company
that is cutting back. And of course, for those serving in our Armed Forces.

If weæ±*e going to re-distribute wealth letç—´ really do it...instead of trickling out
a puny $1000.00 ( ç*ºote buy ) economic incentive that is being proposed by one of our candidates for President.

If weæ±*e going to do an $85 billion bailout, letç—´ bail out every adult U S Citizen 18+!

As for AIG liquidate it.
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and clean it up.

Here痴 my rationale. We deserve it and AIG doesn稚.

Sure it痴 a crazy idea that can 渡ever work.

But can you imagine the Coast-To-Coast Block Party!

How do you spell E-c-o-n-o-m-i-c B-o-o-m?

I trust my fellow adult Americans to know how to use the $85 Billion
We Deserve It Dividend more than I do or the geniuses at AIG or in Washington DC.

And remember, The Family plan only really costs $59.5 Billion because $25.5 Billion is returned
instantly in taxes to Uncle Sam.

 

[gf5205]

I think that works out to $425.00 not $425,000.00.

 

[redneckford]

I think that works out to $425.00 not $425,000.00.

I like INTEL's math better----could get a job on wall street with math like that!!! $425,000.00 X 2,000,000= ????? more than wall street deserves----850 Billion ain't that the number for the hand out on wall street????

 

[redneckford]

I like INTEL's math better----could get a job on wall street with math like that!!! $425,000.00 X 2,000,000= ????? more than wall street deserves----850 Billion ain't that the number for the hand out on wall street????

2,000,000=>< 200,000,000??????

 

[intel]

gf5205 is correct it is 425.00, still like the idea