Went to the dealer to order my tractor. I was gonna use the no money down 84mth installment program. Got through with pricing out the tractor and the dealer informed me that JD now requires 10 % down on this program and the intrest rate went from 5.9 to 6.5 %. Are these tractors selling this good ? Guess its back to the drawing board and wait and see what comes up after June 27th. Ive been trying to work A tractor in for 4yrs, I guess waiting A little more wont hurt. Mike
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JD Credit
- Thread starter Dirtboy
- Start date
- Views: 2298
dicker
Silver Member
Good morning
When I bought my 4310, 430 loader and 48 backhoe 22 months ago, I used JD's no interest plan, which was at the time for 24 months. I had to put 20% down, but I got to use John Deere's money for 2 years. Monthly payments are around $1400.
Richard
When I bought my 4310, 430 loader and 48 backhoe 22 months ago, I used JD's no interest plan, which was at the time for 24 months. I had to put 20% down, but I got to use John Deere's money for 2 years. Monthly payments are around $1400.
Richard
2nstonge
Gold Member
You can check out all JD's finance 'special' offers here:
http://www.deere.com/en_US/jdc/special_offers/index.html
They do keep mixing things up so it's a good resource to check when you're thinking of heading to the dealer. I know my dealer isn't always aware of what the latest offers are and when I show him a printout of the web page and he responds under his breath "hmmm, didn't know they were doing that...".
-Norm
http://www.deere.com/en_US/jdc/special_offers/index.html
They do keep mixing things up so it's a good resource to check when you're thinking of heading to the dealer. I know my dealer isn't always aware of what the latest offers are and when I show him a printout of the web page and he responds under his breath "hmmm, didn't know they were doing that...".
-Norm
Mtrman
New member
I just did the same thing Dicker did. O down 0% interest for 24 months. I never even took my wallet out. I even let JD credit Finance my sales tax. I like using there money for 24 months. I did this on a 3720, 300cx and 448 Backhoe. Yes /forums/images/graemlins/grin.gif, The tractor is worth every penny of the LARGE monthly payment.
Mike
Mike
If history repeats itself, you might be waiting until this winter. The rates seem to be best in the winter then get progressively worse as we roll into summer.
On my current tractor (2210) I went with the 0% for 24 months.
I ordered a new tractor (3520) and locked in a 2.9 % for 36 months. The small amount of interest I'll pay is worth it to me right now, and I can always pay down the principal early. And yes, I agree the large payment is definitely worth it, but you have to be set up financially to swing it.
I'd suggest you start making payments on your future tractor right now. Set up a separate account and put aside whatever payment you can afford. This winter or whenever the rates are more appealing, you will have a nice little downpayment and you can walk into a similar monthly payment. This will save you a great deal of money in interest.
If you aren't stuck on green, then look at blue. They seem to have better financing in the winter. As for me, I'm sticking with green. Good luck !
On my current tractor (2210) I went with the 0% for 24 months.
I ordered a new tractor (3520) and locked in a 2.9 % for 36 months. The small amount of interest I'll pay is worth it to me right now, and I can always pay down the principal early. And yes, I agree the large payment is definitely worth it, but you have to be set up financially to swing it.
I'd suggest you start making payments on your future tractor right now. Set up a separate account and put aside whatever payment you can afford. This winter or whenever the rates are more appealing, you will have a nice little downpayment and you can walk into a similar monthly payment. This will save you a great deal of money in interest.
If you aren't stuck on green, then look at blue. They seem to have better financing in the winter. As for me, I'm sticking with green. Good luck !
jtfx6552
Bronze Member
I rushed like a maniac to make a decision by May 2nd to get the 2 yr 0%.
May 3 the deal went to 0% for 3 years...
With my luck, I know if I hadn't purchased, the deal would have go worse instead of better...
May 3 the deal went to 0% for 3 years...
With my luck, I know if I hadn't purchased, the deal would have go worse instead of better...
What did you purchase ?
The 2210, 4010, 4110, 4115 financing was 0% for 36 months and stayed the same after May 3rd.
Everything else either stayed the same or got worse.
If you haven't taken delivery yet, your dealer should be able to write you a new contract at 0% for 36. My dealer told me to sign onto a rate prior to the 3rd and if the financing was better after the 3rd, then he'd do another contract.
The 2210, 4010, 4110, 4115 financing was 0% for 36 months and stayed the same after May 3rd.
Everything else either stayed the same or got worse.
If you haven't taken delivery yet, your dealer should be able to write you a new contract at 0% for 36. My dealer told me to sign onto a rate prior to the 3rd and if the financing was better after the 3rd, then he'd do another contract.
jtfx6552
Bronze Member
I bought a 4120. Ran into the owner of the dealer at the local convieince store, he said they can probably change it for me. Tractor won't be in for a couple of weeks yet.
JT
JT
Whoooo Hoooo !
You just made my night. I just pulled up the Deere page and it's now 0% for 36 months. That saves me around $1k in interest over three years.
My dealer told me previously that if the rates were better, then I could just refuse the previous order at 2.9% for 36 months and he would re-write the contract for the same price at 0% for 36 months. It doesn't cost the dealer a thing, so your dealer should do the same. I'm sure that he will change it if it means that he will lose the sale.
Good luck with the 4120.
You just made my night. I just pulled up the Deere page and it's now 0% for 36 months. That saves me around $1k in interest over three years.
My dealer told me previously that if the rates were better, then I could just refuse the previous order at 2.9% for 36 months and he would re-write the contract for the same price at 0% for 36 months. It doesn't cost the dealer a thing, so your dealer should do the same. I'm sure that he will change it if it means that he will lose the sale.
Good luck with the 4120.
jtfx6552
Bronze Member
Which one are you going with?
