Bruce several things to look at. Make sure the 0% is not costing you any rebates. On JD the low rate financing would cost you a cash discount. So lets say there is a 4% cash discount or a 0% financing deal. If dealer invoice is $75000 then the discount would be $3000. So if you traded in your tractor and only had to give $20K for a trade difference then you would be paying $3000 to finance the $20K at the 0% "deal".
I just figured 5% interest on a $20K note for 7 years is $3456.40 per year or $24194.77. So in my example the 0% would be a better deal. If you financed less or paid it off in a shorter term the results can easily be the other way.
As for the value of the actual trade your thinking about. If the smaller tractor is not really doing the job you need it to do then the payment/trade difference is really a moot point. You need a bigger tractor to do the job. So if the additional payment fits your budget I would make the trade. Your basically going up 40 PTO horse power. That is more inline with what most chore tractors are around here (125 PTO HP)
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