Financing Financing options for personal use

[jenkinsph]

Less than $25k

For that amount of money I don't think you will do better than a dealer will do. I have dealt with Pecos Equipment in Roswell and Artesia and bought my Deere 4520 cab for 18% off and still qualified for the 0% financing.

 

[Tractor Seabee]

When I bought my Kubota I asked about a discount for cash. Dealer said price was the same either way. $0 down $0 interest for 60 Mo. I was looking at used tractors first. Dealer financing on used was 10%. I tried banks and credit unions. None would finance used or new at all, all offered personal loans at 15 to 18%. They claimed they had no way to get rid of reposed tractors and/or implements. There are no farm friendly banks around here except for those filing schedule F with their income tax.

Ron