Combines Avoid Agco Finance

The same guy put the screws to me for about 205000 dollars is all. You cant do anything to him now because he filed backrupcy, but there is always prison time when that is over,it aint over like he thinks. IG

Sorry to hear about your trouble with this dealer. I just think Tree needs to realize who the real scum bag is in this situation and not try and turn all of us against AGCO. This problem could happen with anything you buy not just farm machinery. You put your trust in the dealer of that business whether he's selling TV's, cars, or new combines. I hope you can recover some of your loss from this guy in the future.

Thanks for the reply, our dealer had been in business for many years, the dealership had been there around 30 years. we trusted him but we should not have. I want farmers to know what can happen.. We have the paperwork to prove what we did but the courts seem to favor the banks and business. have a good harvest.

Thanks for the comments.. just be careful who you deal with, our dealer had been around for years, we had done this same kind of transaction before,, everything went fine. (except this time)believe me, you would not believe what I have been told by agco people- have a safe harvest

Iowa Dan..I am not trying to turn you against Agco products...I love my agco equip and hate to get rid of it...but I probably will, I just want other farmers to know not to trust anyone especialy big finance companys - they dont care about the little farmer..believe me!When this is all over I may write more, have a safe harvest.

You're right about the fact, we as farmers seem to get the short end of the stick. I just don't understand why you think things would be different with Deere. Talk about BIG. I really hope things work out for you and you come out on top. Best of luck. Dan

Are you located in Southwestern Ontario by any chanceIJ I almost got caught-up in the middle of a CaseIH dealer who went out of business, although I don't believe he went bankrupt! His problem wasn't with Case Credit so much as it was with AgriFinance! I don't wish to "name-names", just curious!

When I bought my Gleaner, AGCO was offering 1 year interest free, so I financed with them. Papers I got clearly showed transfer of the machine from the dealer to Agco Finance. Statement clearly stated that all payments were to be submitted to Agco Finance. Same thing goes for my MT tractor. Payments are submitted to Agco finance and all runs smoothly. Why was your dad or grandpa or uncle, so eager to involve a middleman in the payment chainIJ let's look at this from Agco's perspective: As you have found out, the dealers are obviously shysters. Chances are, Agco has known that for some time. let's say; just for the sake of argument that shyster comes to Farmer Joe and says, "Hey Joe. You know that $150K combine you owe money onIJ What say you pay me off and I'll make sure that you get a "Paid in Full statement" and will also mysteriously find $75K deposited to your account at the bank." Joe falls for it, but forgets that he's dealing with shysters. Maybe the deposit shows up, maybe it doesn't. In any event, Joe didn't do what he said he would do, which is remit payment to Agco Finance and now it becomes the finance Cos. faultIJ Sorry, Agco Finance comes off as the good guys here. Ed in Montana

IF you have any problem, you call Keith large at AGCO in Duluth. HE WIll make any WRONG right! Agco finance is an arm of AGRICREDIT. Find their n on the web site. Something is not right here.

I find it difficult to believe that Agco would come after an end user that faithfully paid the dealer and has the accompanying documents. Agco is very sensitive to these issues and will do the right thing for customers from my experiences. I know an individual that purchased a lease return tractor through Agco finance and complained about tire condition after the sale. Agco finance put 2 new rear tractor tires on this unit without question. I would try to go through a different route at headquarters if your current contacts are not working, especially if you have proof statements of your payments. I simply don't believe that the company would allow a PR hit like this without cause. Something does not sound kosher here.