Financing Financing Rates for April

Farmerboy · Mar 22, 2008

Any thoughts on the financing rates for April on the 2815 models? With recent Fed cuts, I'm hoping to get something lower than 3.99% on 5-years. In reality, I'd rather see 0% - I'm sure that would give sales a push.

YanmarFever · Mar 22, 2008

Farmboy, Sorry buts thats a secret that Mahindra doesnt let out until april 1st. ( I have asked a few times).

Maybe I didnt twist the right arm ?

DavesTractor · Mar 22, 2008

Farmerboy said:
Any thoughts on the financing rates for April on the 2815 models? With recent Fed cuts, I'm hoping to get something lower than 3.99% on 5-years. In reality, I'd rather see 0% - I'm sure that would give sales a push.

On the west coast, there is a total of 1 (one) 2815 left in distribution stock. The $1250 customer price reduction combined with a $400 cash in lieu rebate, have made most all of these disappear. I doubt they will put 0-60 on this model next month as inventory is so low. Of course, I am often wrong! As Ernie says, they hold this info close until the last minute.

Farmerboy · Mar 22, 2008

I couldn't take it anymore. I've waited for over year and half. I've agonized and longed. Today I bought a 3215 with quick attach loader and backhoe. I am now officially part of Club Mahindra.

MtnViewRanch · Mar 22, 2008

You won't be sorry. You have one nice set up there. Be sure to post some pictures.

Slippy · Mar 23, 2008

Welcome abord Farmerboy. Nice machine and I am sure you will like it.

boxygen · Mar 26, 2008

I'm crossing my fingers for 0% for 60. I've crunched the numbers, done the credit app and my dealer has one in stock in the right configuration. (2415 TLB) I'd pull the trigger today except 0% would put me in the same payment as I anticipate now, but id pay $2000 less over the duration of loan with 0%. That, and we still have 12 inches of snow on the ground. Frost might not be out of the ground until mid April or later around here at this rate.
With all the gloom and doom you see in the media, I don't think its out of the question to see better rates in April, but who knows. I'm sure it would help jump start the springtime tractor buyers after a long winter. Anyone else close to buying?

DavesTractor · Mar 26, 2008

boxygen said:
I'm crossing my fingers for 0% for 60. I've crunched the numbers, done the credit app and my dealer has one in stock in the right configuration. (2415 TLB) I'd pull the trigger today except 0% would put me in the same payment as I anticipate now, but id pay $2000 less over the duration of loan with 0%. That, and we still have 12 inches of snow on the ground. Frost might not be out of the ground until mid April or later around here at this rate.
With all the gloom and doom you see in the media, I don't think its out of the question to see better rates in April, but who knows. I'm sure it would help jump start the springtime tractor buyers after a long winter. Anyone else close to buying?

I think your finger crossing will work, as I expect to see 0/60 on the 2415H and also the 1815H as of 4/1/08. If I were you, I'd contact the dealer and get your name on that tractor, then complete the sale next Tuesday.

wallace · Mar 26, 2008

I would have to agree with Dave on this one

...get the honey do list ready..

MDM · Mar 28, 2008

Any hints on what the 2615 will be next month?

DavesTractor · Mar 28, 2008

MDM said:
Any hints on what the 2615 will be next month?

On the west coast it will be 0/60 for both 2615 gear and hydro, we just got the info. There are some differences in different regions, so confirm with a local dealer.

MDM · Mar 28, 2008

Hopefully it will be the same on the right coast. I think I have my brother in law talked into a 2615 HST w/loader and RFM. He would probably be better suited to the 2415 as he only has 1.5 acres, but he liked the 2615 better.

Does Mahindra have RFM's and tillers that could be included in the 0/60 financing?

AchingBack · Mar 28, 2008

Are you getting rid of the Kubota?

MDM · Mar 29, 2008

AchingBack said:
Are you getting rid of the Kubota?

Oh no, I fell in love with my 2800 Kubota all over again this week when I was skidding some 12' long oak logs up out of a ravene. I looking at the 2615 for my brother-in-law. He is looking to buy a new tractor. I'm not really a brand loyalist. I like all tractors and I think they are all just about equal as far as quality with exception to most of Chinese stuff. My BIL only has 1.5 acres right now and really, the 2615 is overkill. He is looking to buy a bigger place though.

DavesTractor · Mar 29, 2008

MDM said:
Oh no, I fell in love with my 2800 Kubota all over again this week when I was skidding some 12' long oak logs up out of a ravene. I looking at the 2615 for my brother-in-law. He is looking to buy a new tractor. I'm not really a brand loyalist. I like all tractors and I think they are all just about equal as far as quality with exception to most of Chinese stuff. My BIL only has 1.5 acres right now and really, the 2615 is overkill. He is looking to buy a bigger place though.

The BIL needs to drive both first. They feel a bunch different.

boxygen · Apr 2, 2008

The Mahindrausa website no longer has the rebate information for each model listed. It now says to contact your local dealer for more information. What if you feel your dealer isn't being completely honest with you? Is there any other way of finding out, It appears to vary regionally, correct? Now that Im getting closer to closing the deal, the quote I got a couple weeks ago seems to have evaporated and now is $600 higher along with fees that are now showing up that werent talked about before. He said he gave me the wrong price? Just trying to get to the bottom of it and get my facts straight. I'm the trusting type and believe in being fair. The warm fuzzy I was getting is slipping away. Any input? I have another dealer closer to my house but this was highly recommended, I think its time to do some competetive shopping.

gp1200x · Apr 2, 2008

I'm confused....was the rebate in addition to the cash back for no financing....?? I need some pricing too, getting itchy, but if the models were put up in price, I'm back to looking at the two other brands again

DavesTractor · Apr 2, 2008

There are basically three programs. Cash-in lieu went up on almost all models in April, so that is good. Customer Price Reduction applies to many models, and it stayed about the same. The last program is the finance rates/terms, which are even better in April than they were in March.

There will be a price increase soon, but I think that is expected. With fuel prices, steel prices and the weak dollar, I am surprised they have held the prices this long.

Due to all the variables on different models, I am not going to try to post all the program numbers here. Plus they vary a little between regions. When you call your local dealer, ask about the CIL or the CPR discounts. They are a specific amount per model, not some mystery number.