Lazy Sod
Member
- Location
- Warminster Wiltshire
Perhaps @Bossfarmer might consider keeping the existing machines and putting the money into his pension fund to get the tax relief.
Tractor/machinery prices dropping yet?
- Thread starter Bossfarmer
- Start date
- Location
- NSW, Newstralya
Repairing / rebuilding existing machines is 100% tax deductible. . .
warksfarmer
Member
the next trick (I mean ‘step’
) will be increase discount levels whilst at the same time increasing list price ………
kiwi pom
Member
- Location
- canterbury NZ
Equipment in stock at dealers might get cheaper as dealers try to stay afloat but if demand for new reduces manufacturers will just reduce output at factories, lay off shifts etc.
If demand disappears completely due to everyone switching to benefits, dealers will go broke, and manufacturers will exit the UK and concentrate on other markets.
The assumption on here is that everyone else is making a fortune and will just reduce prices, I don't think that's true.
If demand disappears completely due to everyone switching to benefits, dealers will go broke, and manufacturers will exit the UK and concentrate on other markets.
The assumption on here is that everyone else is making a fortune and will just reduce prices, I don't think that's true.
- Location
- NSW, Newstralya
As I have said elsewhere, the true agricultural powerhouses in the world, aren’t in the UK
just like quad bike sales in Australia, or basic work style Ute ( pickup
) sales in the UK - if the market isn’t big enough, manufacturers will just leave & concentrate their efforts elsewhere more profitable. . .
just like quad bike sales in Australia, or basic work style Ute ( pickup
) sales in the UK - if the market isn’t big enough, manufacturers will just leave & concentrate their efforts elsewhere more profitable. . .
- Location
- NSW, Newstralya
a LOT of big ticket stuff here is pre ordered months in advance from the manufacturer when the client puts down a deposit with the dealer.
Very little “stock” is sitting in dealers yards just waiting to be bought . . .
Not so sure. In a £100,000 after discount new piece of equipment how much has the dealer got in it? My guess is 10%? I recently had a quote for a tractor and it was £99,950.
My trade in sold privately I know is worth at least £30,000 but more likely about £32,500 as I’ve enquired about similar machines in private ads. They don’t hang around very long if tidy like mine is.
The dealer who quoted me £99,950 for a new one offered £20,000 for mine which he didn’t want to divulge initially.
So in just my deal I think he’s looking for around £22,500 income.
Of that he’s got to service/warranty my trade in and resell. With regards to my new purchase then his costs are his overheads because of the manufacturers warranty on it.
Needless to say I walked away from said deal because I know everybody needs to make money but he has annoyed me a lot with this. I’ve traded with them many times over the years but I think I’m done. I’ll buy nearly new out of his territory from anywhere else and sell mine privately and should I get a warranty claim on the nearly new then it’s upto the manufacturer to decide who does the work.
kiwi pom
Member
- Location
- canterbury NZ
I think you are assuming a lot there but ok.
If dealers can't make money they will go out of business and disappear, as I said there may be some reductions at dealer level, but I think people believe manufacturers will slash prices like is happening in the auto industry, I don't think it's that simple for Ag machinery.
- Location
- Ashbourne, Derbyshire
I was chatting to a mate over the weekend who is salesman for a large multi depot dealer, he said kit up to £20k is still selling well, anything over that is struggling
You are allowed to pay into a pension scheme until you are 75, even if you've retired and getting pension from a previous pension you've paid into.
Add in the fact that you can claim any unused allowance contributions from the previous 3 years, and paying into a pension is still sweet.
Bossfarmer
Member
- Location
- between Perth and Inverness
what happens if hed bought the fendt though and went to swap it? he wouldnt have that kit to sell?
wellingtonfarmer
Member
- Location
- Herefordshire
The point is he wouldn’t need to sell anymore kit as the fendt wont depreciate as much…
DeeGee
Member
- Location
- North East Wales
Christ, you sound like my accountant!
Might as well delay taking my state pension for a few more years too: be a much higher weekly payment when I’m dead.
- Location
- Co antrim
What happens a pension when you die? Does it go to your spouse or is it just lost?
Johnnyboxer
Member
- Location
- Yorkshire
Unless it's a DB Pension, then it's just a pot of money in a DC pension or SIPP - so your relatives can benefit
Even with a DB Pension your spouse would get half, if you died
- Location
- Lincolnshire
Seen the price of a van lately? Astronomical. Presumably forced up by comparatively wealthy tradesmen.
A lot can be saved by stripping out some spec. For example going manual box and spools can save £15k
I think you're massively over estimating the margin on the new
I think you're massively over estimating the margin on the new
Here's something about dealers getting rich or not from a previous discussion.
A quick Google suggests P+B in 2021 had a turnover of 66 million and come away with a pre tax profit of 800,000. Yes it's a lot of money but you could do much better investing elsewhere.
- Location
- Mendips Somerset
Especially fuelled buy discounted russian oil / gas ,
You are probably right
but i'm on the doorstep of retiring and idon't want to be baffled by some of the bull***t going around,.What with the way thecost of living has gone up, i want to make sure i'll have enough pension coming in in my 80's and walking on sticks. No point having a shiny tractor if
you are too stiff/inflexible to climb into it.
Expanded and improved Sustainable Farming Incentive offer for farmers published
Expanded Sustainable Farming Incentive offer from July will give the sector a clear path forward and boost farm business resilience.
From: Department for Environment, Food & Rural Affairs and The Rt Hon Sir Mark Spencer MP Published21 May 2024
Full details of the expanded and improved Sustainable Farming Incentive (SFI) offer available to farmers from July have been published by the...
From: Department for Environment, Food & Rural Affairs and The Rt Hon Sir Mark Spencer MP Published21 May 2024
Full details of the expanded and improved Sustainable Farming Incentive (SFI) offer available to farmers from July have been published by the...