How difficult is it to quallify for Kubotas 0%?

napabavarian · Nov 23, 2006

Just wondering, do they look for proof of income? I have a good credit score, but am self employed and don't have proof of income, and didn't make much the last couple years because I didn't want to look for work

napabavarian · Nov 23, 2006

And... I was told that there is a $250 fee, is this a standard, or do some dealers charge more/less? I don't trust much of what the salesman has told me after what I have learned here

woodchuckie · Nov 23, 2006

I didn't have to pay a fee. I showed an income of about 60,000 and had to pay 4000. down on my purchase of 16000. My payments are 334. It will be paid off this coming june.

Dusty · Nov 23, 2006

Most finance companies, and that is what Kubota Credit is, look at your credit score and payment history. Then the factor in your fixed expenses to see if you have the extra income to pay their loan without difficulty. They might ask for a few years tax returns since you are self employed.
Dusty

capt jack · Nov 24, 2006

A good credit score solves most any issue. I did not have to show any tax returns and did not pay any fee,s. That was in 04, and another purchase in 05. They might have changed the rules by now. But it is a real 0% offer, I asked the dealer if I paid cash how much could I save. He stated "same price if you pay now or take 3 years". Car companys offer 0% but will rebate 1K-3K if you don't take their "free money". Kubota is offering (much like their equipment) the real thing.

bamatoolmaker · Nov 24, 2006

Never tell anyone you are self employed but dont lie.Tell them the name of the company you are an agent for and nothing more.This will eliminate all the tax bull and credit will be issued strictly on your credit score.I learned the hard way that you can be too honest.

LBrown59 · Nov 24, 2006

bamatoolmaker said:
Never tell anyone you are self employed but dont lie.Tell them the name of the company you are an agent for and nothing more.This will eliminate all the tax bull and credit will be issued strictly on your credit score.I learned the hard way that you can be too honest.

I never owned my company I was just the manager of it.

AndyM · Nov 24, 2006

LBrown59 said:
I never owned my company I was just the manager of it.

Your profile says you owned the company...
"Owned housing Co 31 years"

Dusty · Nov 24, 2006

LBrown59 said:

I never owned my company I was just the manager of it.

Click to expand...

From post #27 in this thread.....

LBrown59 said:
Who all is self employed here?

1. What do you do, what kind of business do you have ??

2. Do you like what you do ?

3. How did you get started in your business ? Was this something you sought out and planned to do or was this something that sort of happened in time,like one thing leading to another ?

4. What are your likes and dislikes about your business ?? )</font>
=============
1*Retired from owning my own housing company.

3*something that sort of happened in time,like one thing leading to another.

What am I to assume from these contradictory comments?

LBrown59 · Nov 25, 2006

AndyM said:
Your profile says you owned the company...
"Owned housing Co 31 years"

But on loan applications I was always the manager of Budget Homes Co.

LBrown59 · Nov 25, 2006

Dusty said:
From post #27 in this thread.....

What am I to assume from these contradictory comments?

1*>>> >>> Retired from owning my own housing company.
2*Manager of Budget Homes Co.>>>> >>>>
There is nothing contradictory about these 2 statements.

MY First Car
http://chevy.tocmp.com/chevyscrapbook/files/kamp50.jpg
Our First Car
1960 Chevy Impala Convertible, Classic Car Pictures

Taiser · Nov 25, 2006

GEEEZ guys, this is getting to be like the old Gardenweb! Can't we all just get along!

napabavarian · Nov 25, 2006

thanks for the input from those of you who have been through the process, I already had conjecture and an glad to hear from those with experience!

The trouble with my tax return is that I look poor, but my expendable income can run anywhere from 50-80% of my gross income because of tax writeoffs and my low low cost of living, almost no rent since I am a caretaker where I live

and cook all my own meals...

bamatoolmaker · Nov 25, 2006

napabavarian said:
thanks for the input from those of you who have been through the process, I already had conjecture and an glad to hear from those with experience!

The trouble with my tax return is that I look poor, but my expendable income can run anywhere from 50-80% of my gross income because of tax writeoffs and my low low cost of living, almost no rent since I am a caretaker where I live and cook all my own meals...

What you are describing is the typical small business person.Can you somehow use your tractor in your business?If you can,depreciate it out,you will be even poorer.I dont recall anything being asked about tax returns or check stubs only an estimated annual income.

Sully2 · Nov 26, 2006

napabavarian said:
thanks for the input from those of you who have been through the process, I already had conjecture and an glad to hear from those with experience!

The trouble with my tax return is that I look poor, but my expendable income can run anywhere from 50-80% of my gross income because of tax writeoffs and my low low cost of living, almost no rent since I am a caretaker where I live and cook all my own meals...

I was asked my income...and was I smart enough to sign my own name. Thats about it!

rickster · Nov 27, 2006

Do you guys think that the 0% will be around after the 1st of the new year?

Croomrider · Nov 27, 2006

My guess is it will be there, but it may not apply to the newest model tractors, like the Lxx40. However, depending on sales and the economy it may apply to the whole line again at some point. Extra incentive may be given on tractors that are being replaced, like the Lxx30. Just my guess!

ByronBob · Nov 29, 2006

I'd swear they got 10% down and no fee that I was told of to process it. With that type of salesman you might think of going elsewhere.

Unless the application has changed sense I did it. Sounds like they just want to pocket some Jeffersons's from you to him.

ByronBob · Nov 29, 2006

rickster said:
Do you guys think that the 0% will be around after the 1st of the new year?

I was faced with this issue. 3.99% for 60 months but I had to buy before the 31st of Dec. Nobody could know for sure what would happen. As luck had it they did extend it. But even a few % change adds up quick if it's not in your favor.

Does it ever get better than 0%??

spk64 · Nov 29, 2006

As a new owner (4-5 weeks) of a BX24. I can tell you getting the 0% was a very easy process. 15 minutes taking my information. No money down no fees I left without paying anything. 2 days later a BX24 was dropped off at my house. I do not have any payments due until next year. My credit rating is good and I knew the guy running the dealership so it made it a little quicker.
Life is great when you can use other peoples money and keep yours in the bank.