0% Interest Going Away in October?

[farmer frank]

Hi all. A couple of dealers in my area have alluded to Kubota no longer offering 0% interest on tractors and RTVs after the end of September. Anyone able to opine or verify? I'm about to pull the trigger on a package but would like a couple more weeks.

Justin

 

[mcfarmall]

Given the true rate of inflation, it wouldn't surprise me.

 

[waverider]

Take this for what its worth... I just emailed my dealer yesterday asking the same, since I'm waiting for a particular tractor he's ordering, his response was "Kubota extended terms through the end of the year."

 

[Orangeglow]

With most lots plugged full of surplus equipment, I would think marketing the false selling point of zero interest would be a high priority for all the different manufacturers.

 

[Chad D.]

Probably a good money maker for Kubota to lose the 0.0% loan rate.
Just me thinking out loud here, but don’t they simply add in the actual cost of the loan with the MSRP? Seems plausible that they bank on us being naive enough to believe it’s “free” financing, and then just add the equivalent of a regular loan interest rate to the tractor cost.

So, let’s say they dump the 0.0%. Maybe “make us a deal” of about 3.49%. I bet MSRP remains, or even escalates, plus this new loan cost.

I’m no smarter than the average bear, but I don’t believe a company as large as Kubota is going to give us anything for free. I’ll believe that just as soon as free shipping being free.

 

[jyoutz]

Probably a good money maker for Kubota to lose the 0.0% loan rate.
Just me thinking out loud here, but don’t they simply add in the actual cost of the loan with the MSRP? Seems plausible that they bank on us being naive enough to believe it’s “free” financing, and then just add the equivalent of a regular loan interest rate to the tractor cost.

So, let’s say they dump the 0.0%. Maybe “make us a deal” of about 3.49%. I bet MSRP remains, or even escalates, plus this new loan cost.

I’m no smarter than the average bear, but I don’t believe a company as large as Kubota is going to give us anything for free. I’ll believe that just as soon as free shipping being free.

It may not be free, but the cash discount is negligible, so you make as well take the zero percent.

 

[drumminj]

the cash discount is negligible

This is the impression I got over the weekend when talking numbers with a salesman about zero turns. I miss the good ol' days of the equine discount!

 

[fried1765]

Probably a good money maker for Kubota to lose the 0.0% loan rate.
Just me thinking out loud here, but don’t they simply add in the actual cost of the loan with the MSRP? Seems plausible that they bank on us being naive enough to believe it’s “free” financing, and then just add the equivalent of a regular loan interest rate to the tractor cost.

So, let’s say they dump the 0.0%. Maybe “make us a deal” of about 3.49%. I bet MSRP remains, or even escalates, plus this new loan cost.

I’m no smarter than the average bear, but I don’t believe a company as large as Kubota is going to give us anything for free. I’ll believe that just as soon as free shipping being free.

BINGO !!!!!