Prices with and without 0% loan?

[RickB]

I don't get or see the logic. You shouldn't have $50k just sitting around it should be invested, even if it just T bills. So its how cheap can I get money, what I found is auto loans the cheapest money I can get so I put the lean my new mustang, then pay off as dividends come in. So what I view is total layout. If cash discount exceeds the cost of interest. So with the zero interest don't payoff early, and my 50k is making 7% with a dividend stock. after reading about KTAC I put it on the machine like an extended car warranty.

7% dividend stocks? Don’t be a tease.

 

[RoyKing]

MPLX NO TEASE

 

[RickB]

MPLX NO TEASE

MPLX appears to be a young Master Limited Partnership. I had one experience with an MLP, it was successful but I have no appetite for that asset class. I owned some EPB and when Kinder Morgan acquired it I opted to liquidate rather than take the stock swap. That proved to be an excellent choice.

 

[Jchonline]

A few things.
First, this is the stock market. The company could axe the dividend at any time.
It has only been around for 3 years.....
Third, the dividend is 7%. If you invest 50k,and lets say the ETF goes down to 30k. You are now getting 7% of 30k, which is no longer 7% of 50k. Don’t forget about that 0.45 expense ratio and taking that out of your calculation. Not only that, but if the fund goes even lower, you not only loose your dividend, but you are out that cash as well.

Lastly, your cash is now tied up in that fund. What if you need that 50k for emergency funds? Sorry but having liquid assets in case of emergency is good financial advice.

 

[RoyKing]

It not an ETF, started in late 2012, it's cash flow exceeds the dividend easily, they are self funded, just acquired another group. If you bought when first came out is was paying .18 now in Jan it will be .70, they own no wells, it's a midstream company moving gas and oil. Gas volume keeps climbing. True if you bought at 80 you would be not happy if you had to sell, but income has kept rising. Tax free income.

 

[JOHNTHOMAS]

I always take the free to almost free money whether I have the cash to pay it off or not. If anyone or almost anyone can't make money on buying and selling "stuff" and with larger sums then buying and selling real estate. Buying and selling real estate can/has had double digit returns for me for years. There are always different levels of real estate to invest in. Mobile homes with land rentals are usually the biggest return for a small investment. I bought one almost 40 years ago for $9000, rented it for $250 a month for two years and then sold it for $12000. Bought lots of real estate since then and later bought 20 plus house and storage buildings with only $50,000 down and $3000 to $4000 clear monthly return for 10 years then sold it all two years ago and paid all debts and receive $3000 month for ten years carrying first lien at 3.5% Yes, I did work about 3 hours three days a week for several years for that return. Two years ago bought 6 lots $33,000 and sold one for $13000 and asking $16500 each for two of them and the other three are not for sale across the street from my home.
I started buying older cars in the 1980s and would immediately place ads in the paper and sold 5 within 5 months making about $500 per car on $3000 sale price and worked with a local used car dealer to assist with some tax aspects. Not bragging but I've always been able to make 25/50/100% returns on money usually within months. Did silver jewelry out of my briefcase once with incredible profits and also sold limited edition collector art prints with usually 25 to 50% profit in weeks. I currently do online auctions but not selling much, yet. Just bought two S&W revolvers for $360 along with 4 dressers that were 50 cents each. Lots of ways to make money with little risk and using knowledge one aquires over their life time. So, yes I always take Kubota 0% to the max and use the money.

 

[RoyKing]

I had rental property but the market turned ugly around 2000, could not find good tenants regardless of their credit scores, and lots of turn over which always cost money and time, so I did one last round of fix up and sold them one through agent who suppose to be good, lots of awards. Her practically knowledge was minimal she was way off on downside of price. She did do great pics on the house even brought items in to decorate we posted online two hours later we had two bidders than ran it up past the asking price. For rest I just put for sale signs with the price on them and people would call and offer less and nicely say no, within 3 weeks each were gone. Don't miss it.

 

[JOHNTHOMAS]

I had rental property but the market turned ugly around 2000, could not find good tenants regardless of their credit scores, and lots of turn over which always cost money and time, so I did one last round of fix up and sold them one through agent who suppose to be good, lots of awards. Her practically knowledge was minimal she was way off on downside of price. She did do great pics on the house even brought items in to decorate we posted online two hours later we had two bidders than ran it up past the asking price. For rest I just put for sale signs with the price on them and people would call and offer less and nicely say no, within 3 weeks each were gone. Don't miss it.

No free rides and managing rental property isn't for every one. Lots if people think it's just buy and collect monthly checks and it can be but usually takes a special skill set/personality. I obtained a Real Estate license some years ago and later a Real Estate Broker and then taught Real Estate and Construction at the Cillege for 6 years. Did my homework and understood the business along with having a Business Degree and experience. No, rental property isn't for every one. My buyers from 2 years ago are ready to sell, seeing the requirements for success and they are succeeding with consistent $9000 to $10000 monthly income but stressed having never been self employed before and understanding the difference between investment and personal usage.

 

[Jchonline]

RoyKing my point is it is a risk. Sometime it is appropriate to have money that is not subject to risk “ie emergency funds”. If anything happens to gas, then you might be in trouble. Or it could be fine and continue to go up. However you are assuming this risk vs. reward.

Fidelity lists this as at ETF (if I am looking at the correct ticker) that is why I mentioned it. I do hope it works out for you!

 

[AGTtactical]

I just bought (3 weeks ago) a 2018 L6060HST. I got price quotes from 7 dealers in our area. There was a difference of $5000 between the highest quote to the lowest. The price was not affected by financing. In fact, I didn't discuss financing until after I had a written quote. There was no change in price. One dealer told me he couldn't get my tractor before the new year, and therefore couldn't guarantee the price or 0% financing. That's bull, because Les at Mason Tractor said there is a form they can fill out which guarantees the price and loan rate if it changes after you agree on the terms. Les was super...he actually had the best price, and he delivered to me before the end of the year...something no one else could to. Les (770) 468-9444, SE of Atlanta.

Zero percent financing is a bargain. You pay back the machine with inflated dollars., and keep your own money invested working for you. The insurance is worth it too. I had a stump roll of the top off a massive burn pile under my claw grapple and into my glass door on my Kubota CTL. $250 deductible, and my dealer put in an armored door replacement on for no extra cost (a $3000 option). That repair alone paid for nearly all my insurance premiums.

 

[RoyKing]

You've made a lot of assumptions, first off I saw the factory incentive plans and certain models have cash discounts others did not. What you found was a dealer that had access to a in stock machine and probably installed the options you wanted. Yes they do have price guarantee contract I used it for my order. There was huge difference in order time for different models the grand L 6060 cab models are most back ordered. Congrats on your new machine.

 

[AGTtactical]

Uh, what assumptions did I make? I'm talking about my experience...zero assumptions made because that's exactly what happened. The machine was not in stock. It was ordered because none were available at the time anywhere within a 1000 mile radius. And there was no discussions of "discounts" or anything like that.

 

[RoyKing]

The assumption you made is that all models and their cash/finance deals are the same. In my case as I moved from a grand L6060 to a M7060 the factory charts shows the $1000 cash discount disappeared and the additional discount for bundled options and add ons changed. You are correct that your unit was not in stock at a dealer, but I bet it was in stock at factory, the reason for the short delivery time. But we don't know how Kubota runs there lines, since a lot is imported how many lines run at once. Does cargo ship show up with lots of sub assemblies for various models or just few. When my dealer confirmed my last minute order we had to confirm that cab assemble were in stock and that radial tires were also in stock to allow for 3/4 week delivery time. Add-ons like valves, creep we'll see how much the dealer has to do. The Grand L parts were not in country and no confirmed delivery dates were available. Seems like Kubota manages dealer inventory different than domestic car production. How long does take for custom KIA to show up? My Ford F350 I was able to watch it get scheduled and then delayed first by brakes, then transmission holds. Somebody claimed to know all this stuff but wouldn't tell us.

 

[AGTtactical]

Roy...talk about assumptions! I never said anything remotely like "The assumption you made is that all models and their cash/finance deals are the same." Never said it, and I KNOW that's not the case because obviously you said you had a different deal. Every dealership does business differently...and not every dealership changes price based on financing, which was my whole point. Not sure what made you think I had a short delivery time...I said it bought it 3 weeks ago, not that I waited that long. The wait was 4 months....not short by any stretch, but I wasn't in a hurry. And glad you think that "you are correct that your unit was not in stock at the dealer"...since I told you that bit of info, LOL! Anyhow, good luck to you.

For everyone else, while I was on the phone setting up my 0% ACH payments, Kubota Credit told me they stopped 0% financing for sales in the future. They might restart it, as they often do, but for now, no 0%, at least not through KCC.

 

[RoyKing]

"Every dealership does business differently...and not every dealership changes price based on financing, which was my whole point."


I'll stick with an assumption, or do you know if Kubota was or wasn't offering a cash discount on that model?


Sure hope mine doesn't take that long, did they tell you there would be that much lead time. when you ordered?

 

[Atchuuu]

Cash rebate for the BX, Grand L and MX is currently $700. The L01 cash discount is $500.00

0% financing is available for all models up to 60 months with the exception of select L01 models which can be up to 84 months with 0% financing but 20% down payment.


KUBOTA BX SERIES - NEW TRACTOR PURCHASE SPECIAL OFFERS
Up to 0% A.P.R. for 60 Months on your new BX80 Series Tractor!
(offer ends 03/31/2019)

subcompact_models_bx80
0% A.P.R. for 60 Months with 0% Down1 OR
0.99% A.P.R. for 72 Months with 0% Down1 OR
1.99% A.P.R. for 84 Months with 0% Down1
AND

$700 Orange Plus Discount with purchase of 2 Qualifying Implements2


KUBOTA GRAND L60 SERIES - NEW TRACTOR PURCHASE SPECIAL OFFERS
Up to 0% A.P.R. for 60 Months with 0% Down on your new Grand L60 Series Tractor!
(offer ends 03/31/2019)

Grand L60
0% A.P.R. for 60 Months with 0% Down1 OR
0.99% A.P.R. for 72 Months with 0% Down1 OR
1.99% A.P.R. for 84 Months with 0% Down1
OR

$700 Instant Rebate for Cash or Standard Rate Financing2



KUBOTA MX SERIES - NEW TRACTOR PURCHASE SPECIAL OFFERS
Up to 0% A.P.R. for 60 Months with 0% Down on your new MX Series Tractor!
(offer ends 03/31/2019)

MX Series
0% A.P.R. for 60 Months with 0% Down1 OR
0.99% A.P.R. for 72 Months with 0% Down1 OR
1.99% A.P.R. for 84 Months with 0% Down1
OR

$700 Instant Rebate for Cash or Standard Rate Financing2

 

[Atchuuu]

Kubota considers standard rate financing the same as cash -

INSTALLMENT CREDIT FINANCE RATES^
(offer ends 3/31/2019)

Eligible Models Maximum Term* A.P.R.** Example Monthly Payments per $1000 Financed
New Kubota Tractors, Construction Equipment, and RTVs 12 Months¥ 7.23% $86.63
New Kubota Tractors, Construction Equipment, and RTVs 24 Months¥ 7.83% $45.15
New Kubota Tractors, Construction Equipment, and RTVs 36 Months¥ 7.80% $31.24
New Kubota Tractors, Construction Equipment, and RTVs 48 Months¥ 7.79% $24.31
New Kubota Tractors, Construction Equipment, and RTVs 60 Months¥ 7.76% $20.16

 

[Atchuuu]

For everyone else, while I was on the phone setting up my 0% ACH payments, Kubota Credit told me they stopped 0% financing for sales in the future. They might restart it, as they often do, but for now, no 0%, at least not through KCC.

Not according to their advertisements.

 

[RoyKing]

0% extended through 3/31/2019

KUBOTA M60 SERIES - NEW TRACTOR PURCHASE SPECIAL OFFERS
Up to 0% A.P.R. for 60 Months with 0% Down on your new M60 Series Tractor!
(offer ends 03/31/2019)

0% A.P.R. for 60 Months with 0% Down1
0.99% A.P.R. for 72 Months with 0% Down1

KUBOTA GRAND L60 SERIES - NEW TRACTOR PURCHASE SPECIAL OFFERS
Up to 0% A.P.R. for 60 Months with 0% Down on your new Grand L60 Series Tractor!
(offer ends 03/31/2019)

0% A.P.R. for 60 Months with 0% Down1 OR
0.99% A.P.R. for 72 Months with 0% Down1 OR
1.99% A.P.R. for 84 Months with 0% Down1
OR
$700 Instant Rebate for Cash or Standard Rate Financing2

AND
$500 Orange Plus Discount with purchase of 2 Qualifying Implements3
1.99% A.P.R. for 84 Months with 0% Down1
OR
Up to $1,000 Instant Rebate for Cash or Standard Rate Financing2
M5660SUH/SUHD – $700
M6060/M7060 – $700
M8560/9960 (excluding M9960HDL) – $1,000

 

[MessickFarmEqu]

not going to bother correcting the points, but simply to say there is a lot of loud opinions in this thread that are wrong.