Posted by cadet trooper on December 29, 2009 at 15:17:19 from (76.235.37.24):
In Reply to: Re: AGCO posted by NY 986 on December 28, 2009 at 16:44:35:
This is an interesting antedote that happened during our short tenure as a dealer but we had a very nice older gentleman that used to frequent our dealership and was the father of a close friend that stopped in one day and said I just left the bank of which was the same one we used by the way to apply for his short term seasonal operating capital and in the loan app he had installed an allowance for a new tractor of which he and I already had agreed on a purchase price if the loan passed believe me I bottomed out the price because we were loaded with inventory and had to get it off the interest clock and it was actually over a year old. Anyway the bank officer said I will approve this loan except I need to amend the tractor loan except $5000 because that is too much for that tractor. A side note is the loan officer also farmed and had X brand versus ours so the gentleman went immediately to X brand dealership and checked apples to apples and they were $5000 higher! He went back to the bank and said I want to change my app to include a purchase of an airplane, why said the loan officer? That's to fly to get parts when you run all the dealers out of business. He transferred all of his accounts from that bank we couldn't the good thing is he (loan officer) was removed from his position due to a phone call from an unknown source :->
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