5030
Epic Contributor
- Joined
- Feb 21, 2003
- Messages
- 24,834
- Location
- SE Michigan in the middle of nowhere
- Tractor
- Kubota M9000 HDCC3 M9000 HDC
...and rebates / cash back on certain models.
...and rebates / cash back on certain models.
Not germane to my comment at all. You make your best deal on a Kubota tractor and then pursue the rebate cash back option / zero percent finance.
Again, not germane to my original comment.We as a result today have 100,000 dollar trucks and cars.
...and rebates / cash back on certain models.
Sorry, but this was clearly written by someone who has never worked in auto finance.“How Do 0% Car Deals Work?”
“Since you’re not giving the bank any incentive to lend you money, you might be wondering just how it’s possible to get a 0% car deal? The answer comes down to this: It usually isn’t the bank doing the lending but rather the automaker itself. It’s called captive lending.
That’s why you often see Ford Credit, Honda Financial Services, GM Financial, and others offering to finance a vehicle at the dealership.
The way an automaker makes money with a 0% deal is simple: The money does not get made on financing but rather the car itself. Dealers will try to sell you extras to make up the difference, including extended warranties for your vehicle.
Also, the cost of financing gets built into the price of the car. If you obtain a 0% financing car deal, you likely will not get any other incentives on top of that. And that means the automaker still pockets a nice profit on the sale of the car despite not making any profit on the financing.
If you have the cash to buy a car outright, you might be better off taking advantage of bonus cash incentives rather than 0% financing.”
0 percent Captive lending be it from GM, Ford, Chrysler, Toyota, Harley, Kubota, John Deere, Mahindra, etc for a motorcycle, car, truck or tractor is all the same.Not germane to my comment at all. You make your best deal on a Kubota tractor and then pursue the rebate cash back option / zero percent finance.