Dairydeere
Senior Trader
Posts: 137
Preferred Brand: John Deere
Farm Location: Mercer County, OH
Farm Size: Under analysis
Livestock: 35 milking, 10 youngstock
Platform: PC
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Post by Dairydeere on Mar 19, 2021 17:51:36 GMT -6
Saw this rig in the lot at the local dealer in Mercer, wondering if I can get some financing and possible discounts through you guys. They want $96,350. It comes with the narrow Firestone duals, full fenders, the Aloe FEL mount, and Starfire prep. They're also selling the Quicke Q88 with it, asking $4,250 for it. Let me know if you can put together a payment plan or anything else
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Post by DEERE317 on Mar 19, 2021 18:30:11 GMT -6
Not Bryan, and probably out of you budget but MCE Equipment has a 7290R and 7310R which can have a H480 fitted available, just haven’t processed for the system yet, PM me if interested. And Bryan you can delete this for being off topic if you want.
Edit: also have a 7810 with a Q56 I probably could do for $60,000-$70,000, (depending on hours, has a SF 6000, new Michelin radial rubber which I’ve heard wears good on a loader, overall a very well optioned machine) also don’t have in system yet.
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Post by Bryan83 on Mar 19, 2021 19:25:50 GMT -6
Dairydeere what kind of payment are you looking for? Just want to know what you feel comfortable with.
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Dairydeere
Senior Trader
Posts: 137
Preferred Brand: John Deere
Farm Location: Mercer County, OH
Farm Size: Under analysis
Livestock: 35 milking, 10 youngstock
Platform: PC
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Post by Dairydeere on Mar 19, 2021 20:00:24 GMT -6
Dairydeere what kind of payment are you looking for? Just want to know what you feel comfortable with. I propose $36,350 as a down payment, then make $10,000 payments biannually. I should be getting some milk sales in the spring that can cover the down payment Also DEERE317 those are either really new or too small. The 7Rs would be nice, but cost so much more than this 8000 on average, and while the 7810 is nice, it's a bit too small for what I need. The 8410 is a great median, and is very reliable from my prior experience with them
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Dairydeere
Senior Trader
Posts: 137
Preferred Brand: John Deere
Farm Location: Mercer County, OH
Farm Size: Under analysis
Livestock: 35 milking, 10 youngstock
Platform: PC
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Post by Dairydeere on Mar 19, 2021 20:03:17 GMT -6
That is, unless you had a lower price Bryan
Edit: Referenced this message to Bryan
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Post by DEERE317 on Mar 19, 2021 20:04:22 GMT -6
That is, unless you had a lower price I’ll have to do some research and check some stuff. I’ll be back soon.
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Dairydeere
Senior Trader
Posts: 137
Preferred Brand: John Deere
Farm Location: Mercer County, OH
Farm Size: Under analysis
Livestock: 35 milking, 10 youngstock
Platform: PC
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Post by Dairydeere on Mar 19, 2021 20:06:14 GMT -6
Whoops, that response was directed at Bryan regarding a payment plan
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Post by DEERE317 on Mar 19, 2021 20:07:31 GMT -6
That is, unless you had a lower price I’ll have to do some research and check some stuff. I’ll be back soon. After some (not) extensive research (TractorHouse), I think my final price offer is $60,000 including a Quicke Q56 loader, Cab mirrors, Starfire 6000, front fenders, a set of Michelin Radial tires (have the duals around back), full set of newer JD suitcase weights, and probably forgetting something. And yes I’m lowballing myself... lol Edit: just saw the Bryan note... lol
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Dairydeere
Senior Trader
Posts: 137
Preferred Brand: John Deere
Farm Location: Mercer County, OH
Farm Size: Under analysis
Livestock: 35 milking, 10 youngstock
Platform: PC
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Post by Dairydeere on Mar 19, 2021 20:11:40 GMT -6
After some (not) extensive research (TractorHouse), I think my final price offer is $60,000 including a Quicke Q56 loader, Cab mirrors, Starfire 6000, front fenders, a set of Michelin Radial tires (have the duals around back), full set of newer JD suitcase weights, and probably forgetting something. And yes I’m lowballing myself... lol Edit: just saw the Bryan note... lol
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Post by Bryan83 on Mar 19, 2021 22:52:29 GMT -6
That is, unless you had a lower price Bryan Edit: Referenced this message to Bryan So I called the dealership in question and talked to their used equipment manager. She said she could come down $3,000 on the tractor, but on the Q88 they could only drop $500. So then I put out some calls to the banks and I couldn't exactly hit your $10,000 mark, but I got it close. They proposed with your $36,360 down, we can finance the remaining $60,750 @ ~5.07% giving you a payment of $12,766. If you add $70 to your down @ $36,430, I can get you 7 payments of $9,110. Let me know if this is good or if you want me to keep working on it. If you do like this, let me know which way you like better and I'll draw up the loan contract.
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Dairydeere
Senior Trader
Posts: 137
Preferred Brand: John Deere
Farm Location: Mercer County, OH
Farm Size: Under analysis
Livestock: 35 milking, 10 youngstock
Platform: PC
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Post by Dairydeere on Mar 22, 2021 8:23:38 GMT -6
Sorry, had a busy weekend so it took me a while to get back to this. I am ok with the 7 payments of $9,110. And the discount is great, I honestly wasn't expecting a loader discount lol. I agree to those terms, let me know when you process the funds and I'll go ahead and take this tractor home with me
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Post by Bryan83 on Mar 22, 2021 11:45:13 GMT -6
Here are your loan terms;
Total principal balance of $97,100. $36,430 down payment applied. Total amount financed is $60,670 @ 4.961% interest ($3,170). Loan repayment in 7 installments of $9,110 each, first payment is due 27 MAR 2021 with a loan maturity date of 7 MAY 2021. Payments are structured $8,667 to principal, $443 to interest. Loan may be paid in full early, however a minimum of 40% of the interest ($1,268) must be paid, in addition to 100% of the principal balance ($60,670) to satisfy the loan. Contact the finance department for a payoff quote if you choose to pay the loan early. Any late payments can be assessed a late fee of up to $50 per day.
If you don't have any questions, comment agree to start your loan.
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Dairydeere
Senior Trader
Posts: 137
Preferred Brand: John Deere
Farm Location: Mercer County, OH
Farm Size: Under analysis
Livestock: 35 milking, 10 youngstock
Platform: PC
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Post by Dairydeere on Mar 22, 2021 13:58:56 GMT -6
Agree
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Post by Bryan83 on Mar 22, 2021 14:13:58 GMT -6
Ok, just report your payment in this thread every Saturday. Thank you for your business and your items will be delivered to your farm shortly.
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Post by Bryan83 on Mar 22, 2021 15:01:50 GMT -6
Sorry, a slight misprint in your loan contract, weekly payments actually came in at $9,120, not $9,110.
My sincerest apologies. The bank came in at a different interest rate so there was a restructuring of your loan to keep it in that 7 week frame and under $10,000 per payment.
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Dairydeere
Senior Trader
Posts: 137
Preferred Brand: John Deere
Farm Location: Mercer County, OH
Farm Size: Under analysis
Livestock: 35 milking, 10 youngstock
Platform: PC
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Post by Dairydeere on Mar 22, 2021 15:16:28 GMT -6
Sorry, a slight misprint in your loan contract, weekly payments actually came in at $9,120, not $9,110. My sincerest apologies. The bank came in at a different interest rate so there was a restructuring of your loan to keep it in that 7 week frame and under $10,000 per payment. All good. I'll head into town and get it now
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