Kubota financing

Because I can't find what I'm looking for used and prices nearly as much as new, I'm leaning towards the purchase of a new Kubota L3200 with 0% financing. Researching Kubota Credit Corporation has raised some questions.

http://www.consumeraffairs.com/homeowners/kubota.html

http://gethuman.com/customer-reviews/Kubota-Credit-Corporation/

I'm wondering if KCC is a good option? I found that KCC is not BBB accredited, but found only 3 complaints to the BBB over the past 3 years. Kubota Credit has a website where you can check your loan status, so it seems above board to me. Naturally, there will be complaints and problems with any company, but was wondering if anyone has run into any problems with them or with warranty/insurance issues. Also, how long has Kubota offered 0% financing and how long is it likely to continue?

They have had it off and on for at least 11 years.

How long it lasts will depend largely upon what the FRB does.

Dean

It costs money to belong to the BBB and it's just a complaint system anyway. Kubota was/is the biggest selling brand of compact tractors. They didn't get there by messing around with their customers financing. There will always be people who will find fault with anything no matter how good it is. If you're worried at all have a lawyer or even your bank go over the full contract.

As long as Kubota has been in business, they are not likely to try any funny stuff, their reputation rides on fair treatment. As you stated, there will always be complaints and problems for any number of reasons.

As far as the BBB is concerned, I think it is just one of those "you scratch my back and I'll scratch yours", situations. In other words, I don't put too much faith in them either.

I have had good experiences with them. I pay my payment on time every month through the web-site, and they treated me fair when I had a complaint on a piece of machinery I bought from them. They replaced it with a brand new unit. I never lost anything I had into the deal. I'm very pleased with their business end.

As long as the Fed rate is near zero, they'll continue with the 0% program (just as JD and most others do). Its an excellent incentive to purchase, and what would they do with the cash if they had it? Invest it in .25% Treasury bills?

Kubota Credit is OK they are just like JD credit and CIH Credit. They help increase sales by making more people able to buy new machinery. Their only reason for being is to help sell more machinery.

The only thing is that nothing is free. You are just front paying the interest. What do I mean?? When you take the zero percent financing you give up a cash discount. That is usually around 3-5% of Manufacture dealer price. You more than likely never know about it. It is a dealer credit when they settle on the new tractor with Kubota.

It is a common practice. Usually there are several sales incentives for each model/series of tractor.

Examples of how they would usually be:

1) 4% cash discount
2) O% Financing for 24 months
3) 2% financing for 36 months
4) 3% financing for 48 months.

These are just numbers to show how the thing usually works. The company is willing to spend so much money to help sell the tractor. That would be the 4% of MDP. The other financing usually costs about the same as what the cash discount is. What I mean in normal times the money would be used to offer interest rates lower than prime. The company has to pay that cost up front. So the shorter the term the lower the interest rate. The true cost is about the same for all the different programs. You just have to know what each buyer needed.

This is on the settlement side. Many salesman never know about some of these programs. The person settling with Kubota or JD would know this information.

Been with the company 28 years no problems with the credit department. Right now using the zero is not costing you anything more than about $ 800 bucks at the most on that tractor. The selling dealer is giving up about 800 bucks when he pays Kubota if you use the 0 %. KCC has never been big on the better business thing they just take care of their customers and let the chips fall.
How long will it last the program IS SUBJECT to change June 30th but will always be some kind of programs. Doubt if it gets better on your L because they are selling about all they can make.

I've used it several time with the present being one.The only thing we've found is they require flood coverage(a issue with Katrina and several RTVs) and Kubota Insurance was the most affordable.It added $6.00 per month.
It's a good deal all around.It can actually save you some money in the long run.Good Luck.

Okay; I can't believe I'm going to admit this.
I really DO love my old H. It just speaks to me when I hit the ignition and
run it. Kubota financing made my B3200HSD possible when I needed a snow clearing, lawn cutting, loader for everything, rototilling, potato plowing, etc...., you get it machine. It's fair to you the consumer, and will allow you to acquire a top grade, well designed and manufactured tool for your needs. Once again, I Love My H.
Dave

To be accredited by the bbb that company must pay extra and also to get A+ rating. They call me all the time and try to get me to become one at 500$ no thanks but 3 complants big deal that companys huge.

I think JD seller hit the mark. I used it, making the payment out of current income was better for me than taking the cash out out of a investment.

And I thought I got a decent deal. bought a kubota gr2120 garden tractort 8700 outright no trade as opposed to the 9388 price. My homeowners ins covered all their requirements So I paid no kubota ins,and 0 interest. Where did I lose?

Today's zero percent is the same deal as what used to be three % and before that 5%. As JD says no free lunch. If you pay cash you can get the discount in lieu of lower priced financing deal. That was just one of the various discounts that totaled around $9,000 when I bought a new truck for cash in '05

(quoted from post at 02:21:21 06/24/13) And I thought I got a decent deal. bought a kubota gr2120 garden tractort 8700 outright no trade as opposed to the 9388 price. My homeowners ins covered all their requirements So I paid no kubota ins,and 0 interest. Where did I lose?

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Mark if you had paid cash there would have been a cash discount the dealer could have passed on to you. So you DID pay interest it was just the loss of the cash discount up front.

There is one Kubota dealer that replied. HE stated that the zero percent costs you an $800 discount on the model in question.

An example of this would be that you pay cash and pay $8500 for the item. You take the zero percent financing and the purchase price would be $800 more or $9300 in my example.

Which would still be a good deal if you need to stretch the payments out. I just do not want you guy to think that it truly costs ZERO to finance something.

One thing to remember. Is if you take this Zero percent financing, and lose the cash discount, paying it off early is throwing away the money you gave up in the cash discount. So if the term is 48 months take the 48 months to pay for it. You already paid the interest up front.