Getting anxious - waiting on a new bx1500

   / Getting anxious - waiting on a new bx1500 #21  
JoeG said:
The Kubota sponsored insurance program is to protect their collateral, not you or the tractor. The coverage is for the balance of the loan, not the tractor. The balance of the loan will quickly be less than the value of the tractor, and if you put down any money at all it will already be less than the value of the tractor. A substantial loss on a tractor will free you from debt to Kubota but helps you in no way in replacing your ownership part of that asset.
Good ole credit life < > the second biggest insurance rip off in the world !
 

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