So ducked out of work a few minutes early and went to other local Mahindra dealer. Since I don't know much about them asked what would be direct comparison to
L3901. Nice machines but left wondering about the "get a lot more for less money" claims I've read here about Mahindra (or LS or whoever) vs Kubota. Other than the upgraded cushy seat on the 2638 I couldn't find much that came standard on the Mahindra that wasn't on the Kubota. Ind tires, SSQA bucket - both small upcharges from Kubota were base features. Otherwise, I couldn't find anything extra. Possibly the bucket level indicator - not sure if LA525 loader has that standard.
I did note that while the seat was much nicer on the 2638, it wouldn't move back far enough (I'm average - 5'10", 31" inseam) and my leg was at 90 deg angle on the HST control pedals (literally stomping directly straight down). Didn't have that problem on the 2538 and non-upgraded seat, it went back far enough to be in comfortable operating position. I liked the loader joystick on the fender on the 2638 and felt more comfortable in that position, but all the hoses are low and exposed. I wouldn't take that machine into the woods without some sort of guard fabricated - the loader hoses look like they're begging to snag on anything. The 2538 had better routing and didn't have that problem. I liked how the machines operated and drove. Loader moved really smooth, HST brake was real nice in low gear, controls pretty intuitive and easy to reach. If the 2638 fit me better, I would definitely consider. He explained the mCRD as a benefit, but since I don't deal with burn-offs/regen now I don't know how to evaluate that as a feature.
The more for the $ part I guess is in the loader. 94.3" max/76.2" dump/1131 lbs @ pins LA525 vs the Mahindra 101" max/79.3" dump/1634 lbs. Cost wasn't all that much off from the Kubota however. I was expecting a huge difference, but $22,3 for Kubota (with tire & SSQA upgrades) vs $22,2 for the 2638 or $21,8 for the 2538. 3130 lbs weight for the Mahindra vs 2778 lbs
L3901 so 350 difference there. 2 more years powertrain warranty on the Mahindra too. But since I will be borrowing ~half, the Kubota is actually cheaper overall with 0% for 5 yrs vs 6.5% for Mahindra. In all, I was quite surprised to find out for two very similar machines the Kubota actually came very competitive on price since I was expecting a "premium price" on the orange.
So...LS is out, Mahindra is out. What else should I compare? Locally have New Holland (LS in ~40HP size?), Kioti, Massey Ferguson, & JD. Possibly others but those are all I remember seeing in the area.