Financing 0% for 48 months

fitz955isprint · Mar 27, 2011

Talked to my local dealer last week, said i wanted to trade up to the 2520 or 2720. Told him that we have the 0% for 60 that we got on her 2305 last year, and would expect the same if we trade in my 2305. He did'nt balk at the idea, and said he would have to make a few calls. Hoping to hear back tomorrow? Funny how JD advertises certain financing options, but if you're willing to push the issue, how flexible they really can be..... anyone else try this tactic? Its just a simple push of the keys on the computer to make the sale, is'nt it? thanks

AKfish · Mar 28, 2011

The financing options that JD offers can vary by different regions in the country. In addition, if the dealer is willing to "buy points" from the manufacturer they can offer the customer additional months in the finance package.

However, depending upon the amount financed and the added months - that costs the dealer.

Either way, the price of the tractor to the buyer will reflect that added cost to the dealership.

AKfish

om21braz · Mar 28, 2011

As AKfish mentioned, different deals are available in varied parts of the country. It's been hashed out here quite a bit, but the "0%" is going to cost somebody. Either the manufacturer, the dealer, you or a combination of all parties.

pdp11 · Mar 28, 2011

Even if the dealer wants to pass along some of the buy-down to you, it can still be a better deal over the life of the loan. Have them work the numbers with all the different financing options, and then look at them carefully.

jfrady · Mar 28, 2011

I personally think that if it is a financing deal that JD is advertising on their website that it shouldn't cost the dealers anything. I understand the buy down points scenario but I would think when JD advertises it that it should actually be a special of some sort. Does anyone know if this is the case?

KennyG · Mar 28, 2011

You have to check the fine print. If you look at car ads, sometimes you will see a financing deal that also says "dealer participation". (Don't know if there is a legal requirement to list it.) That means the dealer has to kick in something to offer the financing or money back offer. That also means you can get the price down by not taking the deal, if you ask. So, no matter what financing deal you are looking at, always ask the dealer if he can cut the price if you choose a different plan.

Kep · Mar 28, 2011

In my case recently 2.9% at 72 didn't cost the dealer anything but if I wanted 0% at 72 there was a 5% charge. Needless to say the 2.9% was the better deal.

AKfish · Mar 28, 2011

Kep said:
In my case recently 2.9% at 72 didn't cost the dealer anything but if I wanted 0% at 72 there was a 5% charge. Needless to say the 2.9% was the better deal.

Case in point! And you have to "pencil it out" to see what option makes the best "money sense".

In my latest purchase, I went with JD's financing package of 0% for 48 months.

The dealer offered me 0% for 60 months but they had to buy points for the additional year@2.5% and of course, that would have come out of my pocket!

AKfish