JOHNTHOMAS
Super Member
- Joined
- Apr 14, 2008
- Messages
- 7,719
- Location
- Somerset, Ky
- Tractor
- F2690 4WD RTV X1140 MX5400 HST ZD1211
I'm keeping the B2620 for now. With Kubota offering the 0% for 60 months it makes it hard to trade with one as new as mine. Most customers want/need the financing so that itself makes a new one around $3000 lower than a used one (at the same price) when the buyer is financing. Many people have issues with Kubota 0% believing it isn't 0% which it isn't if you add/subtract the cash back for cash but it's miles past the interest charged by lending institutions fot products.Caught the hint JOHNTHOMAS.... What did you trade for last week? Another BX25? Do tell.
Example: BX25 $17000 new 0% 60 mo is $283.33 mo. vs $17000 - $700 cash discount =$16300 @8% 60 mo $330.51=$19,830. http://www.bankrate.com/calculators/mortgages/amortization-calculator.aspx There's $2830 difference buying with cash that has to be borrowed. Now some people have the cash laying there and don't know how to invest or use it to make a decent return and for them cash is the only way to go. Most people don't have an abundance of cash laying around so for us/those the 0% is a true incentive. Plus the current cash bonus of $750 back after the deal is made on the B and BX which applies to both examples.
I didn't trade my B2620 for the BX25 but I did trade the B7100 to other "stuff".