What % Discount

[Lloyd_E]

I am down to two dealers JD and Kioti. looking at spending around $56,000(taxes in) for tractor and implements. About $10,000 more than I wanted to spend. What kind of discount can/should I ask for on a cash deal. I was hoping 15%. That will get me within a couple of grand of original budget. Not happy but I can live with it. Or should I ask him to match original price I had in mind. My original budget was based on tractor quotes plus quotes on implements from 2-3 dealers.

TIA

Lloyd

 

[LoneCowboy]

Cash doesn't matter much anymore with tractors/cars/trucks/etc.
If you finance, they get a check from the finance company for the amount and the finance company deals with you. It's simply not a big deal. You should get a little because there is no BS, no financing, no paperwork, less time for them, but we're talking a few hundred here, not a few thousand.

You should put them to their best price and indicate you have cash and are ready to spend and see what they can do. some can (or will) do better, some won't.

 

[flusher]

I am down to two dealers JD and Kioti. looking at spending around $56,000(taxes in) for tractor and implements. About $10,000 more than I wanted to spend. What kind of discount can/should I ask for on a cash deal. I was hoping 15%. That will get me within a couple of grand of original budget. Not happy but I can live with it. Or should I ask him to match original price I had in mind. My original budget was based on tractor quotes plus quotes on implements from 2-3 dealers.

TIA

Lloyd

With the 0% financing deals (48, 60 months) that dealers are offering, paying cash isn't a big swinger.

Whether you can get the dealer to deal depends on the present incentives that he's offering. Two months ago a bought a new Mahindra 5525 (55 hp engine, 45 hp pto) with the ML250 FEL. The dealer incentives amounted to about 6% of the tractor/FEL price.

 

[Rara Avis]

Cash doesn't matter much anymore with tractors/cars/trucks/etc.
If you finance, they get a check from the finance company for the amount and the finance company deals with you. It's simply not a big deal. You should get a little because there is no BS, no financing, no paperwork, less time for them, but we're talking a few hundred here, not a few thousand.

You should put them to their best price and indicate you have cash and are ready to spend and see what they can do. some can (or will) do better, some won't.

Actually Cash is worse...because, in the case of John Deere, their financing wing doesn't get a piece of the action...

 

[BTI]

Cash discounts with Kioti are listed on their website.
Depending on the model the discount range between $600 and $1000

BTI

 

[jinjimbob]

For cash, you save between 300 and 600 dollars, + the 'discount' of not paying a finance doc fee.

 

[CurlyDave]

If you have cash, you should get whatever the best deal they will offer a credit customer plus a little bit more off because they know that you are buying the equipment today, no fooling around with credit approval etc.

Let them know you have cash & there is a competitive situation and ask them for their best price.

I would be willing to pay a bit more for Deere than Kioti based on reputation, both of equipment and of parts availability.

 

[sebert2007]

I agree with the others about percentage of discount for paying cash, but there are other factors, such as how long the dealer has had the equipment etc. I would offer 4 or 5 thousand less, who knows maybe they will take it and if not maybe they will split the difference. All they can do is refuse your offer.

 

[shimp]

the general rule for paying cash-

u tell dealer up front-dealer hikes price

 

[tjkadar]

You can get 23% off of John Deere if you are paying cash and a member of the USDF, USEF, AQHA, or the like.