I want to buy your tractor... what will you accept

[fried1765]

And how does an average Joe do that? And with any kind of certainty? And does it cover everywhere one may get a loan at? Local banks, credit unions, dealers, etc?

Yup.....in the real world, that ain't gonna work!

 

[fried1765]

So when a bank or local credit union offers a loan on a piece of equipment.....they in turn notify the MFG of said piece of equipment? OF does that only work for dealer/mfg financed stuff. IE.....kubota can only tell you if kubota finance corp has a lien against a particular tractor? Or they can tell you if Joe Schmoe has it finance through a local credit union or bank?

Its the stories like skipperbrown just told that I have read so many of. If the sellers family had not stepped up....his buddies SIL would be out a lot of money and a big legal hassle

LOTS of exceptions however, that won't show up!

 

[ruffdog]

"Only Cash here.....no BS"

My only other option would have been to drive a 3/4 ton towing a 14K trailer for 350 miles, and carrying $32,000 cash.
I did not like that option.
On the other hand: How many others in Maine were sitting on a 32K pile of cash, and wanting that specific machine?
I think in the same situation (location) you would be waiting a good while for a sale, with your cash on the barrel head demand.

Hey...I'll take a check. We will have to drive to his bank and get it cashed before the deal though.:laughing:

 

[Reb954]

In God we trust, all others pay cash.

 

[fried1765]

Hey...I'll take a check. We will have to drive to his bank and get it cashed before the deal though.:laughing:

Driving to my bank ( me being the buyer) would mean driving from Maine to my Credit union in Minnesota.
Better pack some clothes.

 

[ruffdog]

Driving to my bank ( me being the buyer) would mean driving from Maine to my Credit union in Minnesota.
Better pack some clothes.

It will just cost the buyer an extra $0.30 a mile.

edit....in cash.

 

[fried1765]

It will just cost the buyer an extra $0.30 a mile.

edit....in cash.

Total would be about 3300 miles, or only $990 for the round trip.
Seller impossible to deal with.
Let's look for another tractor.:laughing:

 

[ruffdog]

Total would be about 3300 miles, or only $990 for the round trip.
Seller impossible to deal with.
Let's look for another tractor.:laughing:

I probably make it up on the other end because not many other's seem to be able to scrape cash together and I get the great cash price! :cool2:

 

[5030]

Hey...I'll take a check. We will have to drive to his bank and get it cashed before the deal though.:laughing:

While not germane to the thread (tractors), I take checks on my website all the time as payment for goods. My commercial bank guarantees the funds from the check. Never had an issue. Uttering and publishing is a felony in most states anyway.

 

[caver]

Here's a similar thread.