Financing Kubota 0% Financing

Mogombus · Jun 4, 2004

I'm pretty serious about wanting/needing/coveting a new Kubota (something along the lines of a B7800) but am not sure that I want to make the plunge before their special 0% financing expires next month.

My question is: how often do they run 0% financing specials? Is this a one-time thing and I really should take advantage right now or can I wait for the next special to be offered in a few months or a year?

Thanks,
Tom

MessickFarmEqu · Jun 4, 2004

It ends middle of July, if it will go beyond that only Kubota knows. I expect that it will, they have been having an extremely strong year and I would expect it to continue though the rest of the summer.

MarkLeininger · Jun 4, 2004

I have been wandering through the local dealer for almost a year watching his used stock turn over and there seems to almost always be some kind of deal. I have not seen 0% before, but I know it said 1% last time I was there in about March.

Mogombus · Jun 4, 2004

Thanks, now I don't feel so rushed. Gives me more time to do research (and save up that down payment)!

_RaT_ · Jun 4, 2004

It's pretty common. I have 0% on a Kubota purchased 13 months ago. With an increase in interest rates, I suspect the likelyhood of seeing 0% may disappear, but with a little calculating in Quickbooks etc., you will see that the cost of borrowing even at 2 or 3 % for only 3 years or so at the amounts were talking about is really quite small.

Mogombus · Jun 4, 2004

RaT -

True, but that "0%" is just so psychologically appealing...

Tom

_RaT_ · Jun 4, 2004

I know. /forums/images/graemlins/smirk.gif

DannyD · Jun 4, 2004

I bought the bullet at 0% and love seeing the balance due go down the same amount as the money I send in. I make a lot more on my money than 0% and feel that the payments are nothing to make, since I would have written a check for the amount anyway. Also nice to have that leverage when a problem arises........but then with Kubota, that will not happen. /forums/images/graemlins/grin.gif.

Skyhawk · Jun 4, 2004

Are there any fees for Kubota's 0% financing (application, documentation, etc)? Do the dealers contribute, or does Kubota foot the whole bill?

I had originally ignored the 0% offer, thinking "nothing's free", but now I'm re-considering...

snmhanson · Jun 4, 2004

From my experience there are no fees if you finance for two years. If you opt for the three years I think there is a one time 1 1/2% financing fee. That was how it would have worked for me at least. That is why I opted for the two year plan, although 1 1/2% for three years is not necissarily expensive.

Matt

Henro · Jun 4, 2004

Are there any fees for Kubota's 0% financing 

I think I had to pay something like $100 for some kind of finance fee...I forget what they called it...it may have been a Pennsylvania state thing...YMMV...

kubbykid · Jun 5, 2004

they wanted to charge me the 1% fee but I gave them they're asking price for the tractor ,so they waived the fee. they're really great people. lol /forums/images/graemlins/grin.gif

_RaT_ · Jun 5, 2004

No fee's. I pay $277.78/month on $10K for 3 years, that was it, nothing more. 0%, no fees. I recall the only requirement was a minimum down payment which I don't recall the number, but it was very reasonable.

MessickFarmEqu · Jun 5, 2004

There are fee's they vary upon the state. IN PA...

$50 for documentation
12.50 for a county UCC
84.00 for a state UCC

uhmgawa · Jun 5, 2004

( No fee's.)

I was saddled with a few minor fees for UCC filing as well as some
bogus documentation fee. Nothing significant in the big picture but
an annoyance sprung on the purchaser at the very last minute.

Anyway one of the more agreeable things to arise from Kubota Credit
is the availability of automatic bank account withdrawal for monthly
payments. I found it quite convenient to dispense with remembering
to send snail-mail checks every month. I'll assume it is a net win for
Kubota Credit as well otherwise they would keep with Kubota policy
and charge for the 'service'.

Skyhawk · Jun 5, 2004

Thanks for all of the "fee" info! /forums/images/graemlins/smile.gif Is this a great forum, or what?!

DannyD · Jun 5, 2004

I had a 100.00 document.UCC fee, and 1400.00 down on 13568.00

344.77 month, 3 years

GreenDuramax04 · Jun 5, 2004

My dealer told me that Kubota requires 10% down for the 0% for 36 months. I ended up buying a NH at 0% for 48 months with the same 10% down.

Henro · Jun 5, 2004

My dealer told me that Kubota requires 10% down for the 0% for 36 months. 

Not in my case. I did not put a dollar down and did not pay anything for about six weeks...even called to ask what was going on since I heard nothing.

I was told I would get something in the mail from Kubota "one of these days..." and I did a while afterwards.

I ended up buying a NH at 0% for 48 months with the same 10% down. 

Sounds like that dealer's ploy worked! /forums/images/graemlins/grin.gif I think the 0% with Kubota maxed out at three years though...

_RaT_ · Jun 5, 2004

As long as you got what you wanted. I would find it difficult to go with another brand/model simply because it offered better financing. Remember, over 3 years, a couple of percentage points amounts to very few dollars.