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Interest rates on new tractors!
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<blockquote data-quote="Nowland Farms" data-source="post: 607886" data-attributes="member: 2797"><p>Two years ago when we bought the new Kubota 7040 w/cab we were going to pay cash until the dealership offered 1.9% interest on 2 year financing. We financed the tractor at 1.9% and put our cash in a 24 month CD drawing 4.3% interest. The tractor is now paid off and we earned a bit more than interest than we paid out. </p><p></p><p>Likewise when I bought a new truck in july of this year, it was cheaper for me to take the 72 month 0% financing GM was offering and invest the cash (we had put back for the truck) in a 60 month CD at 5.25%. In situations like this, I don't mind using someone else's money (GM or Kubota) if I have the money to pay it off.</p></blockquote><p></p>
[QUOTE="Nowland Farms, post: 607886, member: 2797"] Two years ago when we bought the new Kubota 7040 w/cab we were going to pay cash until the dealership offered 1.9% interest on 2 year financing. We financed the tractor at 1.9% and put our cash in a 24 month CD drawing 4.3% interest. The tractor is now paid off and we earned a bit more than interest than we paid out. Likewise when I bought a new truck in july of this year, it was cheaper for me to take the 72 month 0% financing GM was offering and invest the cash (we had put back for the truck) in a 60 month CD at 5.25%. In situations like this, I don't mind using someone else's money (GM or Kubota) if I have the money to pay it off. [/QUOTE]
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