Kubota Financing

Farmall45b · Jan 11, 2015

This past fall I negotiated a deal for a new B2650 HSDC, loader with quick attach, third function, loader mounted snow plow and front mount snow blower setup. I negotiated a price, and agreed upon a trade in value for my current tractor that would give me the monthly payment that I was looking for. I told the dealer to go ahead and do the deal. I filled out a new credit app for Kubota credit who I had financed my current tractor with. Dealer calls and says the snow blower setup and third function won't be available until January 2nd. I said OK, but I need to keep my current tractor to do snow removal until you get the new one put together with all the equipment. Last week they tell me now they are hoping that the rest of the parts come in on January 26th.

The deal and payments were calculated based on 0% for 60 months Kubota financing. I now see that the rates have gone up to .99%. Do you think that I will still get the 0% financing? If 0% is not available because the deal was not completed during that time period, do you think my dealer owes me some sort of allowance on the purchase price in order to make the deal as attractive as when I said go ahead with it?

PoorPlowboy · Jan 11, 2015

You should be locked in at the earlier rate. I happened to have a couple of payments due before I took delivery because my dealer had trouble getting his hands on everything in my "package." My dealer quickly handled the situation with KCC.

dragoneggs · Jan 12, 2015

Probably not unless the dealer may have it 'sitting' in the system. But really only your dealer is going to give you your answer. As far as him 'owing' you something... I don't see that if you didn't sign the deal. Good luck and be nice... and maybe he will work with you. I doubt jumping on him will help your cause.

sixdogs · Jan 12, 2015

I would just operate on the assumption you have that original interest rate and if he says otherwise tell him you'll have to start over and reconsider. After all, he IS in the tractor and finance business and is savvy on things that are happening. You made a deal based on a certain set on conditions and he accepted them. And the other way around as well since he offered you a deal and set of conditions and you accepted them.

Imagine the reverse...tell him your finances have changed a bit so you'll be sending in about $15 less each month and oh, by the way the check will be there on the 15th and not the 10th of each month. How would that fly?

JOHNTHOMAS · Jan 12, 2015

The dealer processes the paperwork for KCC on a tractor the dealer sells you. The dealer really isn't the finance guy no more than a car dealer is that calls around and gets a customer a rate and processes the loan papers but car dealers do get some money from the lender for doing it.
Moving on. You should have signed the paperwork before Jan 1st knowing or should have known the offered rate and terms ended in Dec.
Again, moving on. The dealer can buy down the rate to 0% by paying some money to Kubota which can save him a good feeling and help make a sale that may be going down the road to another dealer that will take less profit to make the deal.
As mentioned before, anyone here's opinion isn't worth a nickel, only the dealer can make the deal to satisfy you. Ask and ye shall find out and if you don't like what you hear then you don't have a completed transaction and tell the dealer your going to shop around before agreeing to new numbers and if he lets you leave then you can live with your decision without guilt. I believe the dealer will work with you.

Catchad81 · Jan 12, 2015

Farmall45b said:
This past fall I negotiated a deal for a new B2650 HSDC, loader with quick attach, third function, loader mounted snow plow and front mount snow blower setup. I negotiated a price, and agreed upon a trade in value for my current tractor that would give me the monthly payment that I was looking for. I told the dealer to go ahead and do the deal. I filled out a new credit app for Kubota credit who I had financed my current tractor with. Dealer calls and says the snow blower setup and third function won't be available until January 2nd. I said OK, but I need to keep my current tractor to do snow removal until you get the new one put together with all the equipment. Last week they tell me now they are hoping that the rest of the parts come in on January 26th.

The deal and payments were calculated based on 0% for 60 months Kubota financing. I now see that the rates have gone up to .99%. Do you think that I will still get the 0% financing? If 0% is not available because the deal was not completed during that time period, do you think my dealer owes me some sort of allowance on the purchase price in order to make the deal as attractive as when I said go ahead with it?

Have a M7060 seeking in the yard from the demo end of last year, agreed to the tractor plus some add-ons which they have on order. Did credit over the phone and haven't signed a thing. My dealer still says 0%. Guess it's a free tractor till the first payment.