Two (2) less payments to Kubota Credit Corp.

[Scooby074]

Not disagreeing with anyone that this can be bad for a buyer that buys from a scoundrel or even some changes in life situations (death, divorce, male menopause, mid life crisis, bad money manager, person of no integrity). First the loan is made to an individual with the tractor as collateral to be repoed if the debt isn't paid. There are people in civil court every day lined up trying to collect a debt (like money owed from non paying renters:thumbdown and it is very difficult even after a Judge gives a ruling that the debtor is to pay but very little enforcement or even way to enforce. Police have other things of more importance than to help someone try and collect a debt or force an eviction.
I usually always buy new and if I bought a used tractor I'd do my due diligence to try and ensure there are no legitimate liens against it or I'd keep out the amount of the lien and get assurances from the lien holder that there will be no issues in getting a lien release with a certain dollar amount. Liens need to be recorded to be enforceable but that's not always 100% and like tractors the recording isn't in the county of purchase but at the state capital. Bottom line, never buy a used tractor unless it's from your Dad, if he's an honest man and won't get mad at you and stop making the payments. This is a Big Boy world and if you don't know what your doing you can end up paying several times for an education.

Some nice moral justification there.

I thought it was sketchy the last time you mentioned how you sold the tractor and used Kubota Credit as your "banker".

Saying its a Big Boy world is pretty condescending for doing something that you sort of admit is against your contract. Saying you "didnt read the contract" is a pretty flimsy excuse for something most know is dishonest. The tractor really wasnt yours to sell outright. You can justify that you only sold your share, but that would be pretty poor comfort for the buyer who just had the ENTIRE tractor he thought he paid for, confiscated by Kubota when brought in for service.

Its not uncommon for something to happen, fire, car crash.. etc that wipes out a family, or even for someone to have a change of heart (ie: finances change) and they just stop paying the note.. Now the new buyer is screwed and basically has nothing to stand on.

Very dishonest IMHO.

 

[coobie]

Some nice moral justification there.

I thought it was sketchy the last time you mentioned how you sold the tractor and used Kubota Credit as your "banker".

Saying its a Big Boy world is pretty condescending for doing something that you sort of admit is against your contract. Saying you "didnt read the contract" is a pretty flimsy excuse for something most know is dishonest. The tractor really wasnt yours to sell outright. You can justify that you only sold your share, but that would be pretty poor comfort for the buyer who just had the ENTIRE tractor he thought he paid for, confiscated by Kubota when brought in for service.

Its not uncommon for something to happen, fire, car crash.. etc that wipes out a family, or even for someone to have a change of heart (ie: finances change) and they just stop paying the note.. Now the new buyer is screwed and basically has nothing to stand on.

Very dishonest IMHO.

I fully agree with this statement.The part of his statement that really bothers me he states he was a college professor teaching our future generations its ok to be dishonest.

 

[Scooby074]

I fully agree with this statement.The part of his statement that really bothers me he states he was a college professor teaching our future generations its ok to be dishonest.

I agree.

I guess I was raised different. Doing something like this isnt even on my Radar.

 

[coobie]

I agree.

I guess I was raised different. Doing something like this isnt even on my Radar.

Yes sir me too.Welcome to the new world.SIGH.

 

[94BULLITT]

I can't believe the dealer does this. I wonder if the dealer would be somewhat responsible if JT quit paying on the machine since they knowingly sold it without the lien being satisfied.

 

[murphy1244]

I can't believe the dealer does this. I wonder if the dealer would be somewhat responsible if JT quit paying on the machine since they knowingly sold it without the lien being satisfied.

Yep, That's a whole nother can of Tomato's.

 

[oldsmokey]

The buyer should have his local Kubota dealer run the serial numbers to see if there is a lien on the tractor.This is what I do and suggest everyone else do the same to be sure your NOT getting scammed or stuck with a tractor that has a lien on it.

Your right on there coobie! sometimes you might have to pay a small fee to check the serial# out but well worth it especially if there's a lien on it ....
Cheers!
Ben....

 

[Leejohn]

Just keep in your mind that kubota and banks pay big old ugly guys to come and repo. They don't care who has the tractor,car,truck, and ect.

 

[94BULLITT]

Wouldn't a red flag come up if some one tried to get a loan on something that already had a lein against it?

 

[Scooby074]

Wouldn't a red flag come up if some one tried to get a loan on something that already had a lein against it?

I think if the lien is filed correctly it should be tied to the serial number? The problem would be if it slipped through or a dreaded cash sale.

Kubota should have all that information tied to the serial on their dealer network. I know when Ive had to buy parts I needed the serial number for my machine due to a S/N split, and it was listed under the previous owners business (my brother's). Whether or not loan status info on a machine is as easily accessible I dont know, but Id imagine it would be to the dealer sales department.

I was quite impressed with the info I did see though. It came in real handy and saved me a long trip.