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Kubota
| Question | Answer |
|---|---|
| Payments with no coupons | Kubota Credit Corporation PO Box 2313 Carol Stream, IL 60132 |
| Recourse | MB tractor backs the loan not Kubota |
| Interactive Voice Response | IVR |
| customers in bankruptcy, over 90 days past due in litigation | can bot access IVR |
| Showroom | finance loans |
| New Tractors, Construction equipment, implements and attachments | must not exceed 125% of dealers new cost |
| Used Tractors | must not exceed 100% of average loan value |
| dealer participation | deducted from dealer proceeds during contract funding |
| payment due date | may be adjusted forward or backward up to 15 days |
| repayment term for used equipment | should not exceed 48months |
| buy down charge | subtracted from the dealer contract proceeds at the time of funding |
| used equipment rate | buy it down per guidelines dealer is not charged a fee customer is not paying rate for new |
| simple interest accrual | charges interest on the unpaid balance for the time the amount is owed |
| payoff at any time | remaining unpaid balance plus accrued interest, late charges and fees |
| First in First Out | credit decisions are reviewed |
| co buyer | someone who shares in equal ownership of the loan and car |
| buyer | makes a purchase |
| guarantor | responsible for the payments if the buyer can not make them |
| partnership | The Full legal name is required |
| corporation | The Full legal name is required; Signature is from a corporate officer with his or her title. |
| contract allows up to how many buyers ,co buyers or guarantors | four |
| sole proprietor | individual name is required and business name is optional; Signature is of the individual. |
| trust | The Full legal name is required. . Signature from individual signing on |
| trust | a relationship in which one person holds title to property, subject to an obligation to keep or use the property for the benefit of another |
| llc | The Full legal name is required. Signature is from a member |
| corporation | sometimes called a C Corp, is a legal entity that's separate from its owners. |
| non profit | a group organized for purposes other than generating profit and in which no part of the organization's income is distributed to its members, directors, or officers. |
| someone who owns an unincorporated business by himself or herself. | sole proprietor |
| Uniform Commercial Code | UCC |
| UCC | provides the means to perfect a security interest in financed equipment |
| ensures that we have a first lien on equipment sold and financed | perfect security interest evidenced by a UCC filing |
| 20 days from date of sale | UCC filed |
| where the UCC is filed | the physical address of the customer |
| Manufacturers Certificate of Origin | MCO |
| MSO | also known as MCO |
| dealer participation fee | s a percentage of the net to finance amount that will be deducted from proceed |
| off-lease vehicle | ready-to-purchase car that has just come off a lease |
| used Kubota rates | off lease vehicles |
Created by:
cgeaski21