Financing Used JD financing?

ME83 · Mar 3, 2009

I am going to go look at used JD 110 tlb at a Kubota dealer. Does anyone know what is available for financing a used JD tractor? Does JD themselves offer anything? Most people seem to recommend taking out a home equity loan, but I don't know if that will work since I don't own a house and my soon-to-be wife own a horse barn, which is under a LLC. Business loans have high interest also. Aside from saving my money and buying one with cash, what are my options?

LBrown59 · Mar 3, 2009

ME83 said:
Aside from saving my money and buying one with cash, what are my options?

Buy new with O% financing.

GreenWannabe · Mar 3, 2009

LB is right, the JD web site now shows 0% for 36 months on the 110 between today and the end of April.

ME83 · Mar 3, 2009

I have been seeing used 110's with less than 500 hrs advertised for 30k and less. It is hard to justify spending an extra $10k just to get a new one, especially when 500 hrs is just broken in. If I do look at new I would wait and see what comes out after May 4th. Even then Kubota is running 0% for 60 mo with 15% down for the M59, which cost only slightly more list and is more tractor. I would prefer used at this point.

4runner · Mar 3, 2009

I bought a used JD 4110 last year (October) from a JD dealer. The interest rate for a used machine from JD Credit was about 10% at that time. However, as part of "my deal" the dealer was willing to buy down the JD Credit interest rate to about 5% for 4 years.

For me, the used tractor price at 5% interest was more attractive than a new tractor at 0%.

gamble77 · Mar 4, 2009

Doesn't matter what interest rate JD has right now on a used unit if you are buying from a Kubota dealer you need to be asking what rates Kubota Finance has on used equipment.

Whitey · Mar 5, 2009

Quoted today from my JD dealer...........

New.......0% for 36 months.
Used.....2.49% for 60 months.........and.......1.49% for 48 months.

Northwest Pennsylvania.

Whitey · Mar 10, 2009

Whitey said:
Quoted today from my JD dealer...........

New.......0% for 36 months.
Used.....2.49% for 60 months.........and.......1.49% for 48 months.

Northwest Pennsylvania.

That was a gaffe

Those were new prices past the 36 month mark.......if you were going to buy used......go with a home equity loan.....much cheaper than a conventional equipment loan. It all depends on you credit rating