Financing Who has the least requirments

[Stiffler63]

I recently purchased a new house with 3 acres. I need a Tractor to maintain entrances, fill holes, Mow, and other tasks around the house. I went to my local dealers (Kubota, John Deere) Liked the L3200 better got everything lined out and the couldnt get financing. Score is a 680-720 depending on the day. The Problem I have is the length of credit. It is only at 2 years of solid credit as I am only 25. So I was wondering who would be the best to go threw any try to get a tractor.

 

[paulfun9]

Talk to your local bank. Especially if you financed your home threw them.

 

[Gary Fowler]

You can increase your credit score by making a series of small loans and paying them off without missing a payment. I think they must be at least 6 month duration to help you score so you cant borrow money and then pay it off the next day and get any good from it WRT credit scores. Sorry to say but the best way to increase your credit score is getting into debt. Anything you can finance that you would be buying like new furniture, appliances for the house etc will help you out long term. Not much help in the short term though.

Many times financing can be had with a larger down payment, you may try that if you have some cash but I am thinking it would be in the neighborhood of 20% of purchase price.

 

[MessickFarmEqu]

Kubota will probably approve you with some down money. We've had customers younger than you in the past.

 

[PILOON]

Back in the '70's I needed to borrow $500 for a project but was new in town as well as new to my job.
My bank said that my lack of a credit record was against me.
Across the street was a HFC so I went in borrowed $50. and paid it back same day.
Next day the bank lent me the $500. that I had been refused 3 days earlier.

 

[Stiffler63]

I had 20% to put down and my credit score is around a 700 so I have a decent score my problem seems to be how long Iv had credit I do have loans in my name and have all been payed on time.

 

[kcflhrc]

John Deere actually has 2 loan types. A standard retail loan and an Agricultural loan. Have you tried the Agricultural loan? Not sure you could go that route with only 3 acres but I would ask your dealer about it. The loan applications are completely different.

 

[Stiffler63]

Thanks for that suggestion I spent my down payment on a lawn mower yesterday couldn't wait any longer my 3 acres is all grass and was 2 foot high so Im trying to decide were is going to be my best bet when I get a down payment saved up again.

 

[kcflhrc]

I did the Ag loan on a $19k rig and they only required $1k down. I thought that was very fair and the 0% financing was a big bonus. It may have more to do with your age than credit worthiness, not sure though. I'm twice your age and had an approval for the loan in 2 hours. The loan application is very different. They don't even ask for your employer info. Basically just assets and yearly income.

 

[rhinowrangler]

When you get that new piece of equipment and you want to stay comfortable check out a great canopy at RhinoHide Tractor canopies by Sun Guard LLC

 

[ace10]

When you get that new piece of equipment and you want to stay comfortable check out a great canopy at RhinoHide Tractor canopies by Sun Guard LLC

It's a fine line between exercising one's rights as a sponsor and outright spamming....

I know which side I see this one falling.

 

[kenmac]

Spamming ?? That's your opinion. He's paid his $$ to advertiser . He isn't free loading.... He has the right to try and sell his product

 

[Verticaltrx]

How about save up $5K or so and buy something used and avoid the debt altogether? You could find a nice older Kubota B-series used for about that. For only 3ac you don't need much.

 

[chim]

...................I spent my down payment on a lawn mower yesterday ...............................

My lot is about the same size as yours and the L3200 IS my lawn mower.

 

[murphy1244]

It's a fine line between exercising one's rights as a sponsor and outright spamming....

I know which side I see this one falling.

I agree, he should start his own thread.

 

[batwing]

How about save up $5K or so and buy something used and avoid the debt altogether? You could find a nice older Kubota B-series used for about that. For only 3ac you don't need much.

If it is like around here you will have a hard time finding anything good like a used Kubota B-series for 5K
Ron

 

[texasjohn]

agreed....spamming...poor form, OP does not even have tractor yet.

It's a fine line between exercising one's rights as a sponsor and outright spamming....

I know which side I see this one falling.[/QUOTE

 

[RoMad]

To the OP. For 3 acres you might want to look for a used kioti CK 20. I had one for 5 acres and it was a very good little tractor. If you buy a used one they will hold their value very well and if / when you decide to upgrade you can get most or all of your money back. I put 750 hours on mine and sold it for more than I paid for it.

To the new advertiser: I see by your thread count your fairly new, so take the advice above as a lesson and start a thread about your product. Good luck.

 

[Verticaltrx]

If it is like around here you will have a hard time finding anything good like a used Kubota B-series for 5K
Ron

I was thinking like a B7100 or a similar 80's to early 90's vintage machine. There are plenty on tractorhouse in that price range, some even with loaders.

 

[batwing]

I was thinking like a B7100 or a similar 80's to early 90's vintage machine. There are plenty on tractorhouse in that price range, some even with loaders.

Yes I agree they are still good and reliable but expensive to repair if not properly maintained.
Ron