0% for 36months back?

Roadkill95 · Dec 8, 2007

I was at a JD dealer the other day and he said they brought back 0% for 36, but don't see it on the JD site.
Anyone know if this is right?

bxowner · Dec 8, 2007

Good through 12/31/07.

Roadkill95 · Dec 8, 2007

bxowner said:
Good through 12/31/07.

I thought he said until the end of feb

greggh · Dec 10, 2007

I think that it is there for Ag use. Maybe not for home use. It was there for me, but mine is for AG use.

Rara Avis · Dec 10, 2007

Commercial - Special Offers - Compact Utility Tractors

jerrynycom · Dec 12, 2007

So its only 24 months NOT 36? Confused right now......All seems to read 24 months.....Anybody actually speak to JD?

Hillstone · Dec 12, 2007

I got 36 months for my 2520 that I took delivery on this Monday

Millalien · Dec 13, 2007

The 36 month, 0% deal is an interest rate buy-down. It's definitely a good thing to do if you don't want to part with all the dough at once and it won't cost you anything if your smart with your money, but a cash only price will probably be lower. If you're not smart with your money - pay cash!

Ex.

I got a "deal" for a net-price of $15,200 for a 2320 from Dealer A with 0% financing for 36 months.

Dealer B gave me a better deal - $14,200 for the same tractor (and it probably was the same tractor!!) CASH only. If I did the 0% deal it would have been $15,200.

I did the math on this (I used to be an accountant) and guess what? The present value of the money I'd earn by keeping the $15,200 in the bank at 5.3% and paying the loan back from that same account totaled $1,000, so my true net tractor price is the same whether I pony-up $14,200 now or dribble $15,200 out over time. The better my interest rate, the better I do and 5.3% is pretty conservative - I can get CDs that pay better than that over the life of the loan.

Of course, the opposite is also true - if I earn 0% by spending the money on beer and taking the monthly tractor payment from my monthly paycheck, it's not such a good deal - I paid a grand more than I would have if I'd just ponied up the dough and took the monthly beer payment from my monthly paycheck.

Anyway, to Deere's credit (pun intended), since the net price of the tractor is the same (or favorable to the buyer) in either case, they really are friendly financiers.

JiminGa · Dec 13, 2007

just so long as you pay it off within the 0% time frame and don't miss a payment...that's what they are hoping for so they can smash you with that 12% or more.

jerrynycom · Dec 17, 2007

Just got a call from my dealer that ZERO for 36 months is back! I am finally going to order my 4720.....Thanks to everyone on this forum for the help!

Will post pics upon delivery!

Ramairfreak98ss · Dec 26, 2007

jerrynycom said:
Just got a call from my dealer that ZERO for 36 months is back! I am finally going to order my 4720.....Thanks to everyone on this forum for the help!
Will post pics upon delivery!

Jerry, did you get the 4720 with 0% for 36mo? Im looking at the same cab model with loader sometime between now and the next 6mo. What price were you offered for it? thanks

jerrynycom · Dec 28, 2007

4720 CAB with Airseat 31,200.00
Vertical Exhaust 145.00
Rear Fender Extension 156.00
I Match Hitch FREE
Rear Worklights 110.00
Auto Cruise 86.00
Radio CD Player 660.00
Loader R1 Rear Tires 450.00
------------
T O T A L $ 32806.00

400CX 4n1 configured 6200.00

MX6 Rotary Cutter 2350.00
------------
Grand Total $ 41356.00

prosperity · Feb 26, 2008

Thought I would bump this thread back up since the new incentives are now posted -

0% - 36 months for compact utility tractors - through July 28, 2008

0% - 24 months for commercial Z-Trak (I have a 757 on hold at the dealer, and it worked out good for me dragging my feet until the new incentives came out)

Millalien · Feb 26, 2008

FYI -- I was offered 0% for 48 months w/ 10% down and 1.5 point fee on a 3320 last week.

Perry County · Feb 26, 2008

What part of the country are you from and does any one know if it is just dealer specific. Any responses or info greatly appreciated 0% for 48 would be the clincher for me on a 3320.

gamble77 · Feb 26, 2008

It is a "regional" thing but most regions are included...it will cost you though because it cost the dealer...

Millalien · Feb 26, 2008

Perry County said:
What part of the country are you from and does any one know if it is just dealer specific. Any responses or info greatly appreciated 0% for 48 would be the clincher for me on a 3320.

Pacific Northwest.