2nd hand replacement tractor

[warksfarmer]

Any time you would like to come & have a look at the bills for fixing it you are welcome

Post them on here

 

[Speedstar]

Post them on here

They were all on here a while ago.A full list of there running & repair costs

 

[spider mike]

Going back to the original post.
If your willing to spend upto £75,000 on a 4000 hour second hand tractor why don't you look at a new one. For not too much more you get 0% finance on a 1+4 3 and 4 year warranty.
I know it's still to pay for and run at the end of the day but sometimes paying for a new one works out better than some second hand ones I've seen advertised currently

 

[james ds]

Our dealership has only ever put one gearbox in a fendt 700 and have tractors out with over 12,000 hours on them

He probably told you they all do 29 mpg as well.

 

[melted welly]

Going back to the original post.
If your willing to spend upto £75,000 on a 4000 hour second hand tractor why don't you look at a new one. For not too much more you get 0% finance on a 1+4 3 and 4 year warranty.
I know it's still to pay for and run at the end of the day but sometimes paying for a new one works out better than some second hand ones I've seen advertised currently

Fair comment.

 

[Gerbert]

They were all on here a while ago.A full list of there running & repair costs

Give us a link then.

 

[warksfarmer]

Going back to the original post.
If your willing to spend upto £75,000 on a 4000 hour second hand tractor why don't you look at a new one. For not too much more you get 0% finance on a 1+4 3 and 4 year warranty.
I know it's still to pay for and run at the end of the day but sometimes paying for a new one works out better than some second hand ones I've seen advertised currently

How? . Say a new 200hp tractor is £140,000 vs a 4 year old 4000 hour version at £65,000. How is it better spending an extra £75,000 + interest which would be around £6,000 over 5 years.

There’s no repair going to cost you £81,000 so why enter into a finance agreement on a new one

 

[melted welly]

How? . Say a new 200hp tractor is £140,000 vs a 4 year old 4000 hour version at £65,000. How is it better spending an extra £75,000 + interest which would be around £6,000 over 5 years.

There’s no repair going to cost you £81,000 so why enter into a finance agreement on a new one

Shows how out of touch I am, £140k for 200hp?! ……….

 

[Chae1]

Shows how out of touch I am, £140k for 200hp?! ……….

You'll get a new 720 fendt for that money. A relation has recently been pricing them.

 

[benny6910]

Shows how out of touch I am, £140k for 200hp?! ……….

I have inquired about a price for a new 6215r Deere, I’ve been told depending on spec it will be in the £140-150k price range

 

[melted welly]

You'll get a new 720 fendt for that money. A relation has recently been pricing them.

I’ll not be getting anything at that price!

 

[Chae1]

I’ll not be getting anything at that price!

It won't depreciate though, and it will "never" break down!

 

[melted welly]

It won't depreciate though, and it will "never" break down!

Depends on how you interpret “break down” I suppose.

Got 50hrs of warranty left on ours, then alone in the big bad world

 

[Farmer_Joe]

about 8k fitted, every thing new with 1 years warranty

Exactly and much cheaper labour, I’f a conventional box fails completely (sh!t gets everywhere) the amount of components is eye watering to replace as is the labour,

local nh to me failed not exactly sure on model, box gone cost 12k in parts according to local mechanic, owner devastated

 

[spider mike]

How? . Say a new 200hp tractor is £140,000 vs a 4 year old 4000 hour version at £65,000. How is it better spending an extra £75,000 + interest which would be around £6,000 over 5 years.

There’s no repair going to cost you £81,000 so why enter into a finance agreement on a new one

A new 160ish hp cvt tractor with boost is far far cheaper than that. It depends what make you price up. I had the john deere rep round quoting not far off that for a reasonably hi spec tractor. Told him we'd rather put the savings into cattle or sheep than to slowly get it back in supposedly cheaper running costs and a greater trade in value in 15 or so years time

 

[warksfarmer]

Colours don’t matter but I’m sure some people don’t understand simple maths. 2 tractors different makes but identical specs, well as close as humanly possible to get.
A costs £150,000 - new
B costs £65,000 - used at 4 yrs, 4000hrs
Idea is to keep to 10,000 hours or 10 years old.
Tractor A that means 10 years but in its first 5 years you are paying out £34,500 per year inc interest or £172,500.
Tractor B that means 6 years but in its first 5 years you are paying out £14,950 per year inc interest or £74,750 in total.

That’s a difference of in round figures £100,000. Over tractor B’s life with you is about £16,500 per year. No way are you going to spend £100,000 in repairs only to end up in the same place as tractor A after it’s 10 yr stint.

You can argue about colours being worth more than others etc but the simple fact is to own a brand new tractor you are shelling out £172,500 in the first 5 years. Can your cash flow cope with that without putting other things under pressure and you’d assume that was one of a couple of tractors at least so it’s not just tractor A that’s being paid for.

 

[alomy75]

Colours don’t matter but I’m sure some people don’t understand simple maths. 2 tractors different makes but identical specs, well as close as humanly possible to get.
A costs £150,000 - new
B costs £65,000 - used at 4 yrs, 4000hrs
Idea is to keep to 10,000 hours or 10 years old.
Tractor A that means 10 years but in its first 5 years you are paying out £34,500 per year inc interest or £172,500.
Tractor B that means 6 years but in its first 5 years you are paying out £14,950 per year inc interest or £74,750 in total.

That’s a difference of in round figures £100,000. Over tractor B’s life with you is about £16,500 per year. No way are you going to spend £100,000 in repairs only to end up in the same place as tractor A after it’s 10 yr stint.

You can argue about colours being worth more than others etc but the simple fact is to own a brand new tractor you are shelling out £172,500 in the first 5 years. Can your cash flow cope with that without putting other things under pressure and you’d assume that was one of a couple of tractors at least so it’s not just tractor A that’s being paid for.

You need to go a step further though; tractor A costs 17250 for each of its 10 years on farm while tractor B costs roughly 12500 for each of its 6 years. Tractor B needs replacing after year 6 with a fresh one whilst tractor A still going(hassle/fees) Tractor B is 4 years older than A so resale will be considerably less at the end of their time on farm-in this exercise their final value has to be applied to the yearly cost…. Mix in some favourable interest on the new one from the manufacturer, tax efficiencies and some sensible repair costs on the older tractor and I bet the actual costs wouldn’t be as drastic. Don’t get me wrong; I agree with you and I would never buy new but the maths isn’t quite that simple.

 

[Chae1]

If your a limited company theres also tax benefits to buying the new one at the moment.

That 150k tractor will be able to right off 195k against tax with 130% government allowance scheme.

If your making 100k profit. You'd be paying 25k tax per year roughly as a Limited company. So say tractors 200k your not paying out 50k tax over 2 years.

So used one at 65k now 115k so saving 45k for 4k hours on used one.

 

[BuskhillFarm]

If your enheritance was so that you’ve a big enough farm and single farm payment go ahead and spend it on a new one. Life too short.
For the rest nothing wrong with a good second hand. I’d go John Deere or a NH as more independent mechanics to work on them and plenty of spare parts at breakers

 

[Speedstar]

Colours don’t matter but I’m sure some people don’t understand simple maths. 2 tractors different makes but identical specs, well as close as humanly possible to get.
A costs £150,000 - new
B costs £65,000 - used at 4 yrs, 4000hrs
Idea is to keep to 10,000 hours or 10 years old.
Tractor A that means 10 years but in its first 5 years you are paying out £34,500 per year inc interest or £172,500.
Tractor B that means 6 years but in its first 5 years you are paying out £14,950 per year inc interest or £74,750 in total.

That’s a difference of in round figures £100,000. Over tractor B’s life with you is about £16,500 per year. No way are you going to spend £100,000 in repairs only to end up in the same place as tractor A after it’s 10 yr stint.

You can argue about colours being worth more than others etc but the simple fact is to own a brand new tractor you are shelling out £172,500 in the first 5 years. Can your cash flow cope with that without putting other things under pressure and you’d assume that was one of a couple of tractors at least so it’s not just tractor A that’s being paid for.

You buy a dyna 6 Mf with 5000 hours on it & run it to 10,000 hours & it will cost you a lot of money & be worth nothing at the end of the day , You maths are not so go as a 150k new tractor interest free over 5 years cost 150k not 172,500k