Mahindra selling customer info to John Deere?

[k0ua]

Don't read too much into it.

First off, there's no real benefit to Mahindra to give/sell this sort of data to a direct competitor.

Ever receive a letter soliciting a refinance on your home, complete with total principal and/or amount owed on your mortgage? They get that data from credit reporting sources. As a credit offeror themselves, they don't need your authorization to do so. There are various degrees of credit reporting, this would fall under a "pre-approval" type of thing.

Similarly, John Deere Finance can look at the version of your credit report which creditors can see without your permission, and easily determine that you have a debt with Mahindra Finance for a certain amount of money. It's pretty easy for them to get the model based on the amount of money involved. They also may be able to get certain make/model information from the insurer - it's not necessarily protected info.

Exactly.

 

[Sysop]

The benefit to selling such info to a competitor is that it is another source of revenue. Any there are too many variances in financed purchases to determine what model a person purchased from the financed total on a credit report. How do they know what part of the total was the tractor and what part was implements? If I financed $70k on a $30k tractor with all sorts of extra implements and accessories, how do they know it wasn't a $70k M-Power with no implements, or even a half dozen of the little Max units? No registration, title, or anything like that here. Pay your sales tax to the dealer at purchase time and that is the end of it.

 

[k0ua]

Okey Dokey..

 

[rokit]

Well, you seem overly concerned about it Sysop, but that's just my opinion. I would say that there's nothing nefarious about it from Mahindra's perspective (mental image of The Tractor Illuminati all showing up in their Red, Green, Blue, Orange outfits in a smoke-filled room is kinda hilarious).

Very little data in this world is private. Digital just means it's all easier to obtain by whomever wants it.

 

[rdinatal]

I'm going to run out to my mailbox. Maybe there's an offer to buy a 2035 for the same price as my eMax25!!!

Not... :thumbdown:

-R

 

[Luke'sScreenName]

Wouldn't TBN be the most likely source?

There are companies that specialize in collecting your purchasing and demographic data from multiple sources into a detailed profile about you and then selling that likely customer profile to companies like Deere.

 

[Code54]

Also UCC filings are another way to get the info.

That site is also generic and they don't have "your" tractor, just some general advertising and click this and that to enter your info.

 

[Neversosure]

When you finance you tractor, the small print says you give them the right to share your info, financial company could also finance other brands ie; JD, Kubota, TYM, etc...

Someone down the line is sharing your info...... its the latest craze..... get lifelock and never worry about identity fraud.


Matty

 

[Neversosure]

PS- I wouldn't trade my New 2538 in for a JD 3038E no way no how lol!

 

[vvanders]

Public information. One place is under your avatar... it says you have a Mahindra 4035HST.. and live in Fairmont WV.. Here I am way over here in Branson Mo. and I know all of that.. Also the tax records for your county will have that information, is public information, also the loan information. . Lots places for people to get information about you. and it is all public and all legal, I can also find out about your income range, and your birthday, and anything else I would like to know about you. None of your information is secret or private.

Yup, probably either TBN or if you ever bought anything from your dealer with a credit card all that information is sold(how do you think they pay of those reward programs?). Also Facebook, Twitter and any social media, there's this great thing called inferred data where they can reliably predict your interests with ~95% probability just based on what you post(such a waste of machine learning tech).

It's a shame more people don't realize what happens when they share things on the internet. The saying goes if you don't want it on the front page don't put it in email(or post it on social media, etc).

Our new esteemed FCC chairman also wants to let your internet company sell any information that travels over it's pipes. That means that all of TBN would be all fair game. If that's something you don't want then write your representative, things only change when people speak up.