kubota loan

[vaskeet]

does anyone know if kubota loans are assumable? If no one knows the answer I will call kubota in the am Thanks Randy

 

[bp fick]

Unless a dealer chimes in here, and there are a few that do, you will only get testimony of those who may have tried.

With that in mind, I am inclined to say no.

There have been a few comments here about some attempts in that area. So many, actually most, of these Kubota notes are at zero percent as a sales device. There is no motivation for Kubota to offer that to anyone on a tractor already "out there" in use. None whatsoever.

 

[trouthog]

Looking for trouble on assuming loans. I don't think a bank is willing to get into that mess. I think the
new buyer gets to start that realtionship over and so does the bank.:thumbsup:

 

[bp fick]

Agree with above. There is no incentive for Kubota to allow assumption of a loan. Again, they have a finance division for the express purpose of moving new iron, the purpose of the company.

 

[peterc38]

I would assume they are not assumable

 

[vaskeet]

Agree with above. There is no incentive for Kubota to allow assumption of a loan. Again, they have a finance division for the express purpose of moving new iron, the purpose of the company.

the incentive could be to keep from having to repo a tractor if someone is getting behind on their loan Randy

 

[bp fick]

the incentive could be to keep from having to repo a tractor if someone is getting behind on their loan Randy

Nah. Not enough incentive. Sorry. They'll repo and auction it off or whatever.
The incentive aspect of Kubota Finance is to move new product.

 

[medicshawn]

I checked when selling my tractor Kubota loans aren't assumable.