Financing L3400 + 0% financing question

[Noobie]

I am looking at an L3400DT with loader, backhoe (Greatbend 2175?), 6' rotary cutter, and a Warn winch. The tractor was bought 10 months ago brand new with 0% financing, then sadly the owner passed away. The sellerss are asking $19,750, with $15,750 remaining on the note.<ul type="square"> [/list] I was looking at buying it and the sellers had originally been told I could assume the 0% financing for the remaining two years, but when I went to the Kubota dealer to try to do the paperwork, they said they would have to switch to the Used financing and charge me 6%. The deal doesn't seem that great, but assuming the 0% made it a lot more worthwhile. Was the dealer correct? Would attempting to go through another dealer help me? This is in WA state if that makes any difference. Thanks for any help/advice. In case the nickname doesn't give it away, I am brand new to tractors, so appreciate any advice whatsoever.

 

[schole]

Not certain that you'll get a load of responses...

I can't say whether the dealer was right or wrong, but I would like to say what a great machine it is that you are considering. I don't have a bh, but I have the rest and love it.

Why don't you consider the 0% on your own if you can't get the financing traded over??

Good luck! Great choice.


Shawn

 

[Noobie]

Thanks Shawn. I got confirmation that the 0% is not transferable, so I am now looking at other tractors. I also decided that a backhoe was not the best use of my money and I would be better off putting that money towards a bigger tractor and renting a backhoe for the few times I need it.