Unbelievable deal

[Windblown]

View attachment 3252811
Looks factory
There's also a $7k rebate for cash purchase
Not sure which models

This is what I suspected would be the case. Heavy discount for cash or "free" Financing. Bobcat has been doing basically the same thing but with 84 months financing as I recall. In Bobcats case they are throwing in a "free" FEL on cash deals which is the way I went with mine. It all works out the same.

 

[Windblown]

But if my cash is earning 6-10%+ and the financing is zero or less than 6%, it doesn’t make sense to spend the cash.

I tend to think along those lines at times but I'm naturally adverse to loans and like to sleep at night so I let those thoughts pass. Money pulled from the market even as late as early March this year to score a large cash discount on a tractor would be having ones cake and eating it too about right now...

 

[scootr]

But if my cash is earning 6-10%+ and the financing is zero or less than 6%, it doesn’t make sense to spend the cash.

In theory what you say is investment 101. But I don't know of a single 6% payback today without risk.
I paid cash for my used tractor (best deal) and I sold my old tractor for 1/2 that cost cash back without affecting my daily or end result finances.
I don't believe in telling other people how to spend their money, except the wife
You do whatever works best for you

 

[jyoutz]

In theory what you say is investment 101. But I don't know of a single 6% payback today without risk.
I paid cash for my used tractor (best deal) and I sold my old tractor for 1/2 that cost cash back without affecting my daily or end result finances.
I don't believe in telling other people how to spend their money, except the wife
You do whatever works best for you

Agree. Everyone should do what works for them. I’m loath to spend my cash if I can afford to make payments.

 

[Tcash]

I'm in the market for a small tractor as I have 5 acres of wooded property and love my side by side for logging and firewood but needing something to clear stumps, dirt work, move stuff around etc

Appreciate you posting about it.

 

[Midniteoyl]

Agree. Everyone should do what works for them. I’m loath to spend my cash if I can afford to make payments.

I'm loath to spend cash when I can finance with someone else's money..

 

[CloverKnollFarms]

To get the best finance options, you need to buy new... Which introduces larger losses from depreciation. That's a cost too.

 

[vanskills]

Oh believe me your paying for that financing

 

[CloverKnollFarms]

My last SUV purchase was $9k... 6 years ago. KBB says it's worth about $5k now. I'd lose more than that on day one with a new unit.

I'll probably drive it another 5 years. $9k for 11 years of use isn't bad... And that is if I burn it in the field and don't sell it.

Buying new, costs a lot. And some buy new, because they get "free financing"... But depreciation isn't free

 

[jyoutz]

My last SUV purchase was $9k... 6 years ago. KBB says it's worth about $5k now. I'd lose more than that on day one with a new unit.

I'll probably drive it another 5 years. $9k for 11 years of use isn't bad... And that is if I burn it in the field and don't sell it.

Buying new, costs a lot. And some buy new, because they get "free financing"... But depreciation isn't free

That’s very true. I personally don’t consider depreciation because I tend to buy new and use it until it’s used up. I typically drive my vehicles for 250-300K miles and don’t expect much residual value when I’m done with it.

 

[Rustyiron]

You're lucky!
Around here you'd be pushing a wheelbarrow load of rust around for the last 100,000 miles!

 

[tacticalturnip]

You're lucky!
Around here you'd be pushing a wheelbarrow load of rust around for the last 100,000 miles!

It's so bad. I'm hoping that this aluminum Ford I've got now might do better than my old GM's ever did.

 

[jyoutz]

You're lucky!
Around here you'd be pushing a wheelbarrow load of rust around for the last 100,000 miles!

Then you folks probably don’t worry about residual value either and assume it’s junk when you’re done. Depreciation is most relevant when you sell or trade when the equipment or vehicle still has a fair amount of usable life.

 

[Tinhack]

It's so bad. I'm hoping that this aluminum Ford I've got now might do better than my old GM's ever did.

Aluminum makes white rust instead of red. But aluminum is somewhat self-protecting as long as there's nothing removing the protection.

 

[RayIN]

I tend to think along those lines at times but I'm naturally adverse to loans and like to sleep at night so I let those thoughts pass. Money pulled from the market even as late as early March this year to score a large cash discount on a tractor would be having ones cake and eating it too about right now...

I did that late last year, withdrew $20K and bought a new tractor. Even today I'm down just $10K; and the stock market is improving daily.
A market correction was long overdue, this was it.

 

[Midniteoyl]

To get the best finance options, you need to buy new... Which introduces larger losses from depreciation. That's a cost too.

Why I tend to buy things like trucks and cars used, usually a year old, and other things I plan to keep, like tractors and tools, new. Appliances, home electronics, and other stuff like that is 'open box'/floor demo/scratch-n-dent/etc..

 

[tacticalturnip]

Aluminum makes white rust instead of red. But aluminum is somewhat self-protecting as long as there's nothing removing the protection.

As long as it keeps passing state inspection.