- Location
- Ceredigion, wales
Yes fair comment. In our case we had a six year old tractor which had done 6000 hrs. It had been a very reliable tractor but in the last year of ownership we spent about 20k on repairs (mainly main dealer, local mechanics too busy and/or the jobs were too specialist). Ended up being so fed up of huge bills and downtime so sent the bloody thing in p/x for a new one. New one is costing less per month on finance than repairing the old one (by miles). Not talking 100k tractor btw. Say 65k new, 30k diff to pay.Those are excellent points and I do not dispute them.
These are rough figures, please don't quote me on them;
When a new tractor costs £100,000, would it not be better to buy 2 x secondhand tractors (work hours shared) for £60,000 and then build a workshop for £25,000.
The shed will still be worth £25,000 in 5 years time, both secondhand tractors may still be worth £40,000?
Where as the brand new £100,000 tractor may only be worth £50,000 after 5 years?.
It wouldn't matter what Brexit brings that way.