Should a dealer buy back a piece of machinery they sold you

L P

Member
Arable Farmer
Location
Newbury
@Massey mad have you considered the straw saving by keeping it over bedding up by hand? It might seem an expensive luxury now your missus is back, but could save you money longer term and free up time to use elsewhere. I'm a big fan of being over kitted, machinery is cheaper than labour and if the labour saving gives you chance to do other jobs it very soon makes the machinery look very good value.
 

Cowabunga

Member
Location
Ceredigion,Wales
Send her out to work where she will earn a decent wage, and then keep the spread -a-bale.
That really is a great piece of advice where it is at all possible to achieve. My wife never completely gave up her teaching job until she took retirement with an enhanced occupational pension, plus she earned a full State pension through paying National Insurance throughout. Her wage has always been kept as savings, separate from the farm accounts and now having just come to pension age myself, we have three pensions, all going into a substantial savings account which we sometimes draw upon for luxuries and internal house improvements, holidays and so on. We both agree that the best thing she ever did was forgo the farm manual work to work for a wage and create savings. None of that money has ever gone on day to day living expenses.
She still did and does the VAT and that kind of thing.
 

Cowabunga

Member
Location
Ceredigion,Wales
Surely you can sell it pocket the cash and continue with the finance payments out of the money received. It's not got a logbook as long as you keep up the payments who is to know.
That counts as fraud and punishable by cat of nine tail, ninety nine lashes. Or it should be. The problemoccurs when the payer defaults, which is not uncommon, and the bailiffs visit.
 

Lowland1

Member
Mixed Farmer
That counts as fraud and punishable by cat of nine tail, ninety nine lashes. Or it should be. The problemoccurs when the payer defaults, which is not uncommon, and the bailiffs visit.
What if the man buying wants to put in on finance ??
Serial number says no this is owned by another financial institution
I am working on the premise the seller is an honest man and keeps paying. You could grind the serial number off.
 

Frodo

Member
Location
Scotland (east)
It's worth keeping to save your back, that's why I bought a straw blower, one of the best purchases I have done 👍
I appreciate things aretough out there, but I was struggling to get my head round specific finance for a new implement let alone a used one.

I’m not surprised dealer is not wanting to buy it back, his job is to sell them new.

I don’t think it will be hard to sell either through someone who specialises in used equipment or privately. Just need to work out the finance.

hope it all works out ok.
 

Lowland1

Member
Mixed Farmer
That really is a great piece of advice where it is at all possible to achieve. My wife never completely gave up her teaching job until she took retirement with an enhanced occupational pension, plus she earned a full State pension through paying National Insurance throughout. Her wage has always been kept as savings, separate from the farm accounts and now having just come to pension age myself, we have three pensions, all going into a substantial savings account which we sometimes draw upon for luxuries and internal house improvements, holidays and so on. We both agree that the best thing she ever did was forgo the farm manual work to work for a wage and create savings. None of that money has ever gone on day to day living expenses.
She still did and does the VAT and that kind of thing.
Best thing i ever did was bring my wife into the business. She isn’t ever likely to pick up a shovel but working together makes farming much more enjoyable than doing it on your own. She gets a wage though.
 

Nearly

Member
Location
North of York
The need to finance a £10000 machine to start with may be the problem, I would be surprised if somebody needed to finance it when it was second hand
Especially at the price that it may have dropped to in 12 months. :(
Price up what it might be worth and look at keeping it as a necessary luxury rather than take the big hit.
 

redsloe

Member
Location
Cornwall
No, I can't see why the dealer should buy it back if they don't want to.
I do hope you get sorted out soon though. Best of luck. (y)
Doesn't really show that the dealer has much faith in the products they're selling.
It lost all its value the first time it had a bale in. That coupled with the finance settlement could make it a very painful hit
OP said it's ex demo so had already took a small hit.

I agree though, we're in different times now though from a year ago.
 

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