Unbelievable deal

[jyoutz]

I was traveling this week and heard a radio ad from a dealership that was advertising any new LS tractor at 120 months zero interest financing. This was a well established dealership that has been around since the 1960s. The dealership is Navajo Tractor in Gallup, NM. I’ve never heard of such financing.

 

[CalG]

Who sells the insurance during the note?

 

[jyoutz]

Who sells the insurance during the note?

No idea. This was just a radio advertisement.

 

[scootr]

That is an incredible use of somebody else's money...

 

[ning]

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

 

[Squirrel's242]

Yes, great deal. I took advantage during winter. Its my only debt besides the house. I could pay ot off tonight but I'll let my cash keep working for me and borrow someone else's for free.

As for insurance, the lender does require it. I added it to my Progressive policy with my motorcycles. Miight not be perfectly dialed in yet as tractor insurance is new to me, but its covered. Looking to add my attachments and loader too.

 

[Thomas]

 

[Quaffer]

That is an incredible use of somebody else's money...

Agreed but kind of depends on the purchase price as well. If they have stiffened up MSRP or stopped dealing below MSRP as in the past, then you are also front-loading the financing cost. I don't know LS pricing but that is a common car dealer process.

 

[EddieWalker]

I went with 7 years at zero percent when I bought my Massey three years ago. If I paid cash, it was $3,000 less. In my opinion, that was too good of a deal to pass up. $55,000 for the tractor and $652 a month payment. Insurance is through Texas Farm Bureau. It was considerably less than what Massy offered for insurance, but I forget what it was because I switched everything over to them because it was a lot less then I was paying Geico.

 

[tacticalturnip]

10 years at 0 percent? As much as that'll put butts in seats, I just can't imagine a 10 year loan. Still it's the natural progression.