Looking at new sub compact tractor

[kennyp2339]

Hey all, just looking for advice on a sub compact tractor. I've been doing some research on different brands and sizes, I figure I want to stay in the medium small range size (24hps)
I'm slowly falling in love with the Kioti CK2510HST model, for the price (includes bucket and backhoe) I'm getting way more tractor than the other orange brand or the green brand. The company is offering 0% financing for 36 months plus $1,000 cash back on the backhoe *can be combined with other offers.
The main driving force to go with Kioti is the dealer support, the dealer is only 15min away and I have bought other things from him, I've gotten my chainsaw, scag walk behind, and snow blower from him. The other dealers are quite a bit father out, the other orange brand is 45 min away and the green dealer is an hour plus.
I plan on using this machine, but not abusing the machine, I need to dig out larger stumps, build some more retaining walls, lift logs, re grade some areas. I'm convinced in my situation it would be easier to buy a machine, use it until I don't need it then resell it vs renting a machine and feeling the time crunch.
If anyone owns a kioti brand machine please tell me what you think of the brand and how hard / expensive was it to replace parts if it needed it.

Thanks -

 

[Jags]

I need to dig out larger stumps,

Just a fair warning, but most folks don't realize how difficult this can be. Smaller backhoes will often be thwarted by a 2" root. Just say'in - don't expect to drive over and pop a big stump out of the ground. It doesn't work that way. Ask me how I know....

 

[rustynut]

just like buying a new stove..........bigger is better

 

[maple1]

It only comes from second hand stories & here-say, but I would be reluctant on the Kioti. Have heard some trouble stories - some from my BIL who has had two for a couple of years now. One has been fine, the other nothing but trouble. I don't know the model numbers though. Not saying don't do it, but make sure you do lots of research. I am pretty sure the one he has the trouble with has a cracked block, but despite a few attempts by the dealer to remedy it, it's still wonky - last I heard. I'll get an update next weekend. One of those attempts involved having the engine torn apart & checking for cracks, without finding anything. I don't think it was looked at close enough. Think it had hydro problems also.

Would be interested in any Kioti feedback here also, good or bad. Anything I could pass along to him might help.

 

[trailblaster]

I picked up the kioti ck4010hst with the loader, backhoe with 12" bucket, and loaded tires last month. The financing and rebates are great right now. I was looking at the ck2610, which would do fine for what I want but like everything else, I went with the largest hp for its class so that the pto power wouldn't be lagging. I did a lot of research on it first and found very little complaints about it and it was definitely the best value. The ck2510 is the next chassis down from this one which I think would be an overworked tractor for me and for a few grand more you can get a bigger tractor with less limitations.

 

[kennyp2339]

Nice, I just got back from the dealer, I feel a little confused I guess, for my property size the 2510 is perfect, not to big and not to small, I'm not to worried about taking little bites when it comes down to digging, or running an extra bucket load of dirt or stone, the 2510 is the biggest in the smaller chassis size.
I test drove the machine and I was impressed with the handling, the hydros were very quite, the motor is a terr 3 so it doesn't need the reburn or def fluid, I was told it was actually the old 30 hp but shimmed down to a rated 25hp tp beat the emission requirements. The tractor felt solid, I def liked the visibility from the seat, all controls were placed comnfortably. The axels seemed just as beefy as the next larger size tractor, it seemed like a good work horse.
I'm confused on the pricing though, the dealer is probabaly one of the best in the area and provides great customer support but the price break down left me with birds flying around my head.
Online the kioti website says cash back of up to 4000 for my tractor, on the quote its only saying $2,700 for 60 month fianacing, same with the hoe attachment, online it says 1,000.00 and I don't see anything? I also want to point out the price for the attachments the msrp on the tractor is 15,777.00 (which is in my cool zone) then 3,114.00 for the loader w/ grill guard (seems pricy) the back hoe blew my socks off at 7,382.00. I know the dealer needs to make some kind of money and is responsible for installing attachments on new machines, but those numbers seems way to high.
All said and done I'm looking at zero down at zero % for 60 months 385.00 or choose the standard financing rate of 5.6 get some of the factory discounts and pay 404 a month for 60 months.

 

[trailblaster]

The special financing wipes out the rebate for backhoe which gives the customer no incentive to add it to the main purchase. The financing/rebates is confusing... Lower rate less rebates, higher rate more rebates but that's how it works since it's financed thru Dll which isn't owned by kioti so they have to give them some kickback to finance their customers. Best bet is if you can get a low rate from your own bank at 2.9 or lower and max out kioti's rebates.

 

[TJ1]

You usually end up paying a premium for 0% financing. $7,000 for a backhoe is in line with other tractor builders.

 

[kennyp2339]

Thank you all, I'm going to call my credit union tomorrow and see what they can do.

 

[woodhog73]

I know almost nothing about tractors. But in the world of finance I'm a little more in the know

So if there is a 0 % finance option that tells me something is not selling well and the manufacturer is putting up money to be able to offer 0%. They are supplementing the deal. There is no bank anywhere on this planet that loans money at 0%. So say in the auto world, if a ford vehicle doesn't sell well, ford manufacturing kicks back money to Ford Motor Credit ( even though same parent company ) to offer 0 %. The bank is still making money. It's the only way that the balance sheets will add up.

So the tractor your looking at has slow sales. I'd look at that 1st. Why are these not selling to the point the manufacturer has to fund a 0% finance option.

I say that because I'm thinking you have a lot of wiggle room as a cash buyer. If you can get a check from your bank at 2.9 to 3.9 interest go in and negotiate that deal as a cash buyer. Including the price on everything including the front end loader, and backhoe.

Cash is still king. You have lots of equity in your home ?? You can get a home equity loan for $25k at 2.5 % easy and can write the interest off to boot. Then go negotiate that tractor deal as a cash buyer.

My 2 cents

 

[Creekside]

The 0% financing isn't indicative of slow sales or some other problem. Deere, Kubota, Yanmar, etc, all offer 0% financing on new subcompact tractors.

To the OP, I hear ya on the rebates being confusing, I got quotes from 2 Deere dealers on the tractor I bought last year, and they both had different rebate amounts on the same equipment and neither was identical to the website...I think a lot of it has to do with how much volume the dealer moves and what kind of deals they have with the mother company.

 

[kennyp2339]

A lot can be said for dealer rebates, as a matter of fact the dealer was telling me if there is an option for financing zero% or a loan with interest generally speaking the loan with interest is probably the better deal because useally there's rebates built into it and 0% loans useally have no other rebates and your Essentially paying the interest of not more when you sign for 0%.
My best bet is to call my private lender and see what they can do, thank you all, getting this info with how loans work is more valuable then the actual machine to me, this is why I love this site

 

[woodhog73]

The 0% financing isn't indicative of slow sales or some other problem. Deere, Kubota, Yanmar, etc, all offer 0% financing on new subcompact tractors.

I suppose not a problem with the machine then but there has to be some underlying reason. Could be slow sales, or one of those other brands has slow sales and all the others have to offer 0% in order to be competitive ?

If it's a good tractor I guess it doesn't matter the consumer benefits with free financing which in my book is a win.

I'm certainly not an expert but it's costing the manufacturer money to offer a 0% finance option. Rules of supply and demand to me indicate there has to be a reason behind it. If they were flying off the dealers lots at full price there's no reason for the company to subsidize the financing to get it to 0%

Perhaps this market segment in general is a hard sell ? Or I'm wondering if it's to get people to go for all the extras where the 0% option would not apply ( from what you guys said if you get the front end loader you can't get 0% ?? )

I'm very novice with tractors and have a lot to learn about them.

I've been kicking the idea of a small tractor around for some time. Please let us know how you make out and what kind of deals you end up striking . Good info to know.

 

[maple1]

I suppose not a problem with the machine then but there has to be some underlying reason. Could be slow sales, or one of those other brands has slow sales and all the others have to offer 0% in order to be competitive ?

If it's a good tractor I guess it doesn't matter the consumer benefits with free financing which in my book is a win.

I'm certainly not an expert but it's costing the manufacturer money to offer a 0% finance option. Rules of supply and demand to me indicate there has to be a reason behind it. If they were flying off the dealers lots at full price there's no reason for the company to subsidize the financing to get it to 0%

Perhaps this market segment in general is a hard sell ? Or I'm wondering if it's to get people to go for all the extras where the 0% option would not apply ( from what you guys said if you get the front end loader you can't get 0% ?? )

I'm very novice with tractors and have a lot to learn about them.

I've been kicking the idea of a small tractor around for some time. Please let us know how you make out and what kind of deals you end up striking . Good info to know.

Or it could be a simple sales tactic.

 

[sportbikerider78]

I suppose not a problem with the machine then but there has to be some underlying reason. Could be slow sales, or one of those other brands has slow sales and all the others have to offer 0% in order to be competitive ?

If it's a good tractor I guess it doesn't matter the consumer benefits with free financing which in my book is a win.

I'm certainly not an expert but it's costing the manufacturer money to offer a 0% finance option. Rules of supply and demand to me indicate there has to be a reason behind it. If they were flying off the dealers lots at full price there's no reason for the company to subsidize the financing to get it to 0%

Perhaps this market segment in general is a hard sell ? Or I'm wondering if it's to get people to go for all the extras where the 0% option would not apply ( from what you guys said if you get the front end loader you can't get 0% ?? )

I'm very novice with tractors and have a lot to learn about them.

I've been kicking the idea of a small tractor around for some time. Please let us know how you make out and what kind of deals you end up striking . Good info to know.

What he is saying is that they are making their money somewhere...and of course, he is right. Everything is a gimmick and a wise buyer always looks for that.
I don't buy anything (but my home) without cash. If I don't have the money, I don't have the money.

Like dad said..too bad so sad. LOL

 

[kennyp2339]

I just secured a loan from my credit union for 2% term length of 60 months, now time to cash in on all dealer rebates

 

[Sean McGillicuddy]

Great!
We want pics before you use it!
They will be nice to have for your own piece of mind.

 

[TJ1]

I just secured a loan from my credit union for 2% term length of 60 months, now time to cash in on all dealer rebates

That's amazing What is the name of the credit union?

 

[kennyp2339]

That's amazing What is the name of the credit union?

Utilities Employee's Credit Union and delivery is scheduled for Wednesday afternoon

 

[heavy hammer]

The tier 3 motor is a good buy, stay away from DEF and regen filters nothing but headaches.

 

[kennyp2339]

Believe me I know all about def and regen stuff, I'm the proud owner of a 2011 gmc that has been to the shop every 8,000 miles for something def related throwing codes, 3 new def tanks, 2 new reburn chambers and a new oem exhust, I have 95000 now on that truck and expecting to go back to the shop before my 100,000 mile warranty is up. On the plus side with the truck I've never bought def fluid because the dealer replaces it every time I get a check engine light lol, frustrating yes, benefit the environment yes, would I buy another diesel truck, don't think so

 

[Ashful]

What I will never understand is, why would anyone buy a new cat.0 sub-compact, when you can buy a full cat.1 compact almost new, for equal money? Sub compacts are a cute novelty, but not very practical as a platform for a loader or backhoe, unless you're buying it for your kids to play in their sandbox.


Sent from my iPhone using Tapatalk

 

[kennyp2339]

Here she is being built, they will finish mounting the backhoe on Monday, delievering it either Tuesday or Wednesday, I'm stoked for this Cat 1 tractor lol

 

[heavy hammer]

Nice tractor sorry to hear about your diesel truck. I own two dodges with cummins in them 96 and a 05. Never had an issue the 96 just turned 372k. All our new trucks at work have DEF and regen systems on them nothing but break down after break down. You should be happy with your new toy!

 

[woodhog73]

That is a nice tractor. I'm jealous I want one myself. Just too many other projects that require money.

I can think of atleast 10 things I could do around the property with that tractor today alone. Nice enjoy it !

Hey not to change gears but you guys are talking negative about diesel pickups. Well tractors are on my wish list but a new truck is a guarantee for me probably within the next 12 to 24 months. So your saying stay away from new diesel trucks ? I've never bought a diesel pick up but I was thinking perhaps it's worth considering.

Sounds like better to stick with gas ?