Financing Is It True?: 0% Financing

[rScotty]

I was just reading Qapla's thread "Is it true?" and thinking what a helpful thing it is for a new buyer to be able to check salesmen's claims against our whole Kubota group.

When we purchased our M59, the dealer said if we ordered one set up just the way we wanted instead of taking the one on his lot we just might miss out on the 0% financing as he'd heard it was to be discontinued. Well, we took the one on the lot and it has been an excellent machine. But I can't help noticing that Kubota's 0% financing hasn't changed. What do you think? Is the 0% financing here to stay?
rScotty

 

[Spencer C]

Dealers never know ahead of time. We get new programs every few months, and literally don't know what the next incentive program will be until the DAY it changes. There will be a new program period starting July 1.

 

[hitower]

I was told by my dealer that as long as I had my financing approved by Kubota that they (the dealer) could do a "price lock" on my machine which held the price and financing until the machine was delivered to me.

 

[art]

I was told by my dealer that as long as I had my financing approved by Kubota that they (the dealer) could do a "price lock" on my machine which held the price and financing until the machine was delivered to me.

Pretty much the way that it is! Most companies do this for the customers.

 

[architect]

looks like financing extended to 9-30-2010 as of today, same rates as before.

 

[bp fick]

They (the OEMs) have had this or similar program running constantly for the last few years. Yet, every time the little "window of opportunity" nears closing, the sale pitch seems to be to "close or lock it in now!!!". Just saying. This constant little fret about the end of these program expiration dates are wonderful marketing tools for closing the deal. Been watching this phenomena for going on three years. :laughing::laughing: Just my $.02

 

[JOHNTHOMAS]

They (the OEMs) have had this or similar program running constantly for the last few years. Yet, every time the little "window of opportunity" nears closing, the sale pitch seems to be to "close or lock it in now!!!". Just saying. This constant little fret about the end of these program expiration dates are wonderful marketing tools for closing the deal. Been watching this phenomena for going on three years. :laughing::laughing: Just my $.02

I've also watched and utilized this marketing tool but it has changed over the past 3 years. It bounces around from 42, 48 and 60 months and I believe some times it changes on some of the different Kubotas. If one only looks at F's L's, B's or BX's one may not notice that it may change on the different models. I have 3 current contracts and the length of time is different on I believe all three of them purchased over the last 3 years. The term can mean alot of diffference in the monthly payment thus making a difference in actual savings if one uttilizes the cash elsewhere.

 

[bp fick]

Sure, each version of the zero financing program has variety as to terms and to which tractor it applies. Some version of very cheap money is used to prod sales. The bottom line is that such promotional programs, running as long as they have, tend to have diminishing wow factors to most informed buyers.

These programs, with their expiration dates, are used to close deals, but in all honesty, if someone needs a tractor, they need a tractor. The end of each program period only causes a tempest in teapot for a few, but most merely yawn. The minutia of the details get a few folks thoughts in a twist, but the facts are the tractor prices creep upward, year after year. That much has remained unchanged.

The consumer hasn't seen the bad old days of 10-15% interest rates for a long, long time. In comparison, these little programs tweaks between zero for X number of months, and various little perks here or there for cash deals, just don't rock the world.

If you need one, you buy one. If you don't or shouldn't, then you don't. Shrug.

 

[CHDinCT]

Since I first started tractor shopping in the fall of 2007, Kubota has had one variation or another of the 0% financing in place. If you look at the cost of money now or, alternatively, what you can get in a saving account or CD, you'll see that interest rates are at historic lows. Just saw that 30yr fixed mortgages are at something like 20 or 30 year lows. A modern low point. The Fed is holding interest rates at effectively zero for banks. All this to try to stimulate the economy (whether that all is working is another issue). So, until you see the interest rates in general increase noticeably, you won't see these 0% rates disappear, and maybe not even then they've been so successful helping sales.

 

[flint_knapper]

these tractors are for the most part made in japan......... The Japanse Govt.
has for the longest time given Their Manf. that exports, loans at the
same "0"%. I'm glad we are seeing it trickle on down.