Financing a Tractor in 2023

[@willieheintschel8346]

Thank you Neil!! I’ve been watching your videos for a years. I needed a deck belt for my z turn mower. Through no fault of kubota my dealer in texas was having a problem getting them and I have been waiting for one for a few weeks. I ordered one from Messicks on Thursday night and it was delivered today. Just wanted to say thanks. Whenever the dealer one comes in I’ll at least have a spare.

[@bronco797]

For what it is worth, I had a good experience with kubota financing on two pieces of equipment.

[@wildbill23c]

I have a Kubota BX2680 financed through Kubota...0% for 5 years....pretty good deal, can't go wrong with 0% interest. I think the cash discount was only like $500 if that much even. Would have been about $1100-1200 cheaper to have paid cash but in all honesty how many regular working class homeowners have $26k sitting around in cash to rush out and buy a piece of equipment? Very, very few. Keep the payments up and you won't have any issues at all. I keep mine payed way ahead, easy to do because I pay extra all the time throughout the year, plus the regular automatic monthly payment. I'm wanting that tractor paid for long before I hit 5 years...so far I'm almost 2 years into it, and have maybe a year left at the rate of payments I'm making now.

[@matthewm8021]

@@wildbill23c you would be better off taking the extra money you’re paying towards the tractor and put it in a high yield account. The American Express one I use is paying 4% interest. No reason to pay off a 0% interest loan early when you could be putting that money in the bank and getting a decent return on it.

[@daved7024]

The red bag wants in your video 😄👍 Thanks for the financing information.

[@elcheapo5302]

3:59 urban tumbleweed. 🤣

[@ricksanchez7459]

Fits right in with the somber financial news.

[@justindavis1546]

Doller store seed.

[@jonleiend1381]

Even a little bit extra on the payments can make a big difference in the end. Lowes had 0% financing or 10% off for mowers. I went with the 10% off and paid the card off using my 4% line of credit. So many people all they see is the 0% financing. No such thing as free money.

[@kramerbeemster]

If you have the money: finance. if you don't have the money: don't buy stuff

[@jimmcknight3021]

We were one of the last deals at our Kubota dealership to get approved for 0% for 84 months along with the Kubota insurance and extended warranty. This was a family purchase for our property so we had a large amount of cash to put down on the deal. That helped us get a couple of non Kubota pieces of equipment financed. It also freed up money to purchase a couple of other pieces of equipment that our local Kubota dealer didnt carry. I think JD offers a similar package. I don't know a out the other brands.

[@earlyriser8998]

excellent advice ....my Kubota financing, before covid was fantastic

[@acvfdfireman]

Yeah it's changed so much. I bought a new Massey Ferguson in April 2021 got $1100 off and $0 Down 0% for 84 months. It was a crazy good deal. Haven't seen anything close to that since

[@1958johndeere620]

I like the kabota finance with the kabota insurance. Premium set in the contract, no surprises, goes as long as the financing. No arguments between insurance company and warrantee,,,, same people.

[@kenbee1028]

That pink bag stalked its prey perfectly at 4:00, and when the video ended it engulfed and devoured Neil.

[@stevenpepper5581]

Great info..tks

[@jacobcollins3341]

What kina credit score do u need to get the secured loan

[@inthedarkwoods2022]

Now is not the time to increase debt..

[@wildbill23c]

Depends. I don't look at a tractor as debt, I look at it as income, you can take that tractor out and earn money with it. It will pay for itself. Resell value on them is quite high too. Plus all the use you have of that tractor whenever you need/want it.

[@inthedarkwoods2022]

@@wildbill23c I look at borrowing money I don't have as debt. Do you define debt in another way? Do you understand debt?

[@wildbill23c]

@@inthedarkwoods2022 Do you understand that not everyone has that kind of cash lying around, and at 0% financing, you find a better deal than that, without having to dig into your savings account to do it. You can't. Obviously you have no clue how the financial world works.

[@inthedarkwoods2022]

@@wildbill23c If you have to borrow money then that is debt.

[@TheWhitetailrancher]

@@wildbill23c Debt is debt. candy coat it and justify it to yourself all you want and in the end, you are still in debt.

[@mberry7a]

Neil did Kubota have price increases around the beginning of 2023?

[@MessicksEquip]

Yes, Every manufacturer has an annual price increase.

[@mberry7a]

@@MessicksEquip I understand that. But a 10% price increase? It seemed very steep to me.

[@leemarchant7191]

Financing in 2023 = 💸💸💸💸💸💸

[@KUBBI7488]

Sometimes not worth it to use all cash you have ! I bought my first house for $33,000 and I wish I would put half down and other half to use for the remodel

[@TheWhitetailrancher]

I dont remodel without paying cash for that as well. I am on my 5th home purchase never ever regretted paying cash for any of them. then again, I have never regretted paying cash for anything. Of course, i have regretted a couple things i have purchased, but never the paying cash part.

[@karlbrundage7472]

For a moment there I thought we were watching a scene from Attack of the Killer Tomatoes

[@justindavis1546]

For Kubota the cash discount vs 0% was such that I now make a moderate payment every month to keep my cash for other things.

[@ral3178]

Ohio cat charges $500 to cover these costs.

[@jamesparadiso6891]

I will say elections have consequences…LOL… everything is through the roof. Fuel, food, and interest rates!!

[@BG-vq9fd]

I had assumed 0% was always the best way to go. I bought a new pickup just before things went to pot. With good credit and huge incentives 0% was not they way to go.

[@fhuber7507]

Best is to just pay cash.

[@fhuber7507]

People don't put that cash in a CD.... They spend it.

[@TheWhitetailrancher]

've never "financed" anything in they way you are talking. I've always spent my own finances. yes, I know that when interest rates are zero % financing it is actually fiscally better to "finance" something and keep your money in the bank at a higher interest rate than the rate on a loan. But when I buy something, I own the darned thing and can do whatever I want to with it. and no one can EVER get upset with me and take it away. this is the first time i have ever heard a "dealer" admit that it IS sold cheaper when it is a cash purchase. In the day, it was always a "get out of paying taxes" for the dealer. it was crooked but not the problem of the customer.

[@FishFind3000]

I looked at that 0% loans but there’s a setup fee of a few hundred so they still get their money one way or another. I just paid cash and avoided all the issues.

[@acdii]

I love those who pay cash for something that has 0% financing since they are paying for my financing. Cost of 0% is baked into the sale price of the tractor. Everyone pays for the financing whether it is cash or credit.

[@wildbill23c]

@@acdii Do you really think the sale price is the same cash/credit? When I bought my Kubota BX2680 the cash price was about $1100-1200 less...guess where that money goes when you finance...yep, it goes to all the fees that Neil was talking about. Oh, and for KTAC as well, which given how much a tractor costs...that total equipment coverage insurance with a $250 deductible is quite nice.

[@decline1129]

@@wildbill23conly placed you saved was not having to buy Kubota insurance or your own

[@wildbill23c]

@@decline1129 Umm I have KTAC on my tractor, yes, I paid for it, or rather its part of the loan. Any loan through Kubota requries KTAC insurance, whether or not you pay for it up front with cash, or its financed into your loan, you have the insurance. Tractor is covered by KTAC and homeowner's insurance.