Auction tractor

[Ted1]

Occasionally I see an auction that lists a newer Kubota or a listing on Craigslist or other places. My question is if the tractor was being purchased on the 5 year 0% interest plan, not paid off and not mentioned at the auction that there is a balance owed are you responsible for the balance remaining? How would Kubota know who bought it etc?

 

[seanbarr]

Reputable auction houses can not afford the hassle of bad sales so they’ll make sure that all info is upfront. I don’t know of any that sells equipment while under finance with an outside company.

Elsewhere, ask for documentation. If it’s missing, beware. Especially for newer equipment.


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[Jchonline]

Additionally, be very careful. There are craigslist scams aplenty and I have heard of nightmare Auction sales (selling stolen equipment).

They may be just fine, but do your homework then double check it.

 

[North Idaho Wolfman]

You can always call Kubota Credit and ask, have the serial number.

If you were to buy a Financed unit, they could not make you pay, but they most likely would want to repo the unit,

 

[TrulyRanch]

Forgive the ignorance as I don't have my tractor yet, do they have titles similar to cars?

 

[Muzzy]

When buying used, do your homework.
If the price is too good to be true, it probably is

 

[North Idaho Wolfman]

Forgive the ignorance as I don't have my tractor yet, do they have titles similar to cars?

No, tractors and equipment do not have certificates of origin or titles, just get a bill of sale with the tractor and equipment (FEL and or others) serial Number listed on it.
A notarized bill of sale is even better!