Buy machinery now or wait until after Brexit date?

[Yale]

Looking to buy a baler for next year however I don’t really want to commit to one before Brexit.

What are the great and good thinking with the future issues of a weak pound on a no deal or a strong one with a deal?

Thoughts.

 

[Wellytrack]

I’d wait til post Brexit.

 

[Yale]

I’d wait til post Brexit.

Because?

 

[Boohoo]

Some manufacturers won't commit to post Brexit prices, others are saying there'll be a 10% increase. Nobody knows what will happen but prices rarely decrease or stay the same for long.

 

[Wellytrack]

Because?

Because the Euro rate is currently .93, as speculation of no deal continues it will continue to rise possibly to .96 if a deal happens it will return to .85 fairly sharp.

If no deal happens it won’t get much worse than .96 anyhow and at worst settle at parity.

 

[Cowabunga]

If no-deal happens, the Dollar may well equal or even exceed the value of the Pound, which will be on a par with the Euro.

Its not so much for that reason I would delay, but because it might eliminate your whole livelihood and business. No business means that you have no need for machinery. Well, maybe some gardening stuff for a window box in your new Council flat.

 

[Tim G]

Has machinery ever got cheaper?

 

[Cowabunga]

Has machinery ever got cheaper?

Yes. Two or three times over the last forty years. If the Pound were to increase in value by some 40%, you would see a drastic fall in machinery prices, both new and used. You would also see a drastic fall in your gross income as well of course.

 

[DeeGee]

If no-deal happens, the Dollar may well equal or even exceed the value of the Pound, which will be on a par with the Euro.

Its not so much for that reason I would delay, but because it might eliminate your whole livelihood and business. No business means that you have no need for machinery. Well, maybe some gardening stuff for a window box in your new Council flat.

Does that mean you will be living next door to Yale on one side and myself on the other?
PS As long Baldrick stays on Anglesey it’s ok: don’t mind living in a council flat but don’t want the sort of noisy neighbours who board up their windows and leave settees in the garden......

 

[7610 super q]

I'd wait till we start getting 21st Century prices for our produce.

 

[S J H]

I wouldn't, we'll all be bankrupt after the 31st oct, you'll need that money to buy a loaf of bread.

 

[Mark C]

I believe @caboverpete and @Kevtherev have already bought up nationwide stocks of new and used wheelbarrows that will be in huge demand to transport enough cash to the local shop to buy a Freddo the Frog

 

[Mac10]

It's not likely to get any cheaper

 

[Yale]

It's not likely to get any cheaper

It’s the getting considerably dearer bit I’d like to avoid however it’s committing to a large chunk of money now which I’m not too keen on.

 

[Lazy Eric]

I’d personally hang back, as said above we just don’t know how trade for our products will end up.. if we loosing money hand over fist a baler will be last of your problems.. I’d just wait and see

 

[Tim G]

It’s the getting considerably dearer bit I’d like to avoid however it’s committing to a large chunk of money now which I’m not too keen on.

That's the cost of taking the chance now. Are you going to be in a better position to commit a possibly larger chunk of money later?

 

[Clive]

Changed a tractor, sprayer and did a deal on a drill before match 31st (all German kit) for a reason

That’s me sorted for a decade if needs be

 

[Robt]

Straight after Harvest is always the cheapest time to buy a Harvest product . What do you think will happen after brexit?

 

[bobk]

If no-deal happens, the Dollar may well equal or even exceed the value of the Pound, which will be on a par with the Euro.

Its not so much for that reason I would delay, but because it might eliminate your whole livelihood and business. No business means that you have no need for machinery. Well, maybe some gardening stuff for a window box in your new Council flat.

I don't how you sleep at night with all this worry .

 

[james ds]

It’s the getting considerably dearer bit I’d like to avoid however it’s committing to a large chunk of money now which I’m not too keen on.

Are you depending on your sfp money , if so it might be gone . What happens then.