Change or wait

[paul&mandy]

Almost doing a deal but very tempted to wait the winter out see where all this mess takes us. Obviously price to change will probably increase.
Anyone else being cautious?

 

[icanshootwell]

Almost doing a deal but very tempted to wait the winter out see where all this mess takes us. Obviously price to change will probably increase.
Anyone else being cautious?

Dealers always cracking that old chestnut,"prices going up next month" the trouble is these prices can,t keep rising can they?but saying that good 2nd hand kit is flying off the shelf, I rang up about 5 mc hale feeders in the last few days, all sold.

 

[ACEngineering]

Almost doing a deal but very tempted to wait the winter out see where all this mess takes us. Obviously price to change will probably increase.
Anyone else being cautious?

Changing What?

 

[upnortheast]

If the time is right for your business to change a machine just do it.
Sods law says if you keep it too long you will end up with a big repair bill then still have it to change

 

[ACEngineering]

Dealers always cracking that old chestnut,"prices going up next month" the trouble is these prices can,t keep rising can they?but saying that good 2nd hand kit is flying off the shelf, I rang up about 5 mc hale feeders in the last few days, all sold.

Pretty much everything we buy is going up like it or not! Only a major crash is gonna stop that.
Covid has been a factor too because of supply and demand. Supply is less as factories are curning out stuff slower but demand for many things is still high hense high prices.

For example I had a good deal on a new van back start march.
Now for many a new factory order for van there talking about delivery in February!
Prices gone up and if you do a deal now but delivery is 2021 you will have to pay about 10% import tax on it depending what happens with Brexit of cause!

Economy isnt looking great long term for anyone imo

Who ever Finds a cure to covid first will be rich!

 

[paul&mandy]

Changing What?

A tractor. Fairly big price to change. Just feel nervous parting with such a large some of money at the moment.

 

[SilliamWhale]

A tractor. Fairly big price to change. Just feel nervous parting with such a large some of money at the moment.

How many hours has your old one done? Do you need more hp?

 

[Victor]

Went past couple of dealers yesterday and noticed their yards were fairly empty ( new and second hand)
Is everything selling or dealers being cautious?

 

[startinghandle]

Almost doing a deal.... does that mean if you say yes you will have immediate delivery or considerable waiting time

 

[An Gof]

If it was me I’d just wait a little longer until I knew the outcome of the EU trade deal and the passing of the Ag Bill (I think in reality we already know that).
Failing that crack on as fortune favours the brave

 

[paul&mandy]

Almost doing a deal.... does that mean if you say yes you will have immediate delivery or considerable waiting time

March delivery, if it was available now I'd be bit braver and say sod it and go for it but a lot can happe before march.

 

[paul&mandy]

How many hours has your old one done? Do you need more hp?

Need a loader. Was going to put one on old tractor but if changing soon dont make sense putting a loader on a 4500hr tractor if changing next yr or so.

 

[startinghandle]

Very difficult position to be in... if you say yes to March delivery does it mean you have to pay upfront deposit? If yes I would be very wary

 

[paul&mandy]

Very difficult position to be in... if you say yes to March delivery does it mean you have to pay upfront deposit? If yes I would be very wary

I dont think so. Still once I do a deal that's it. I wont back out.

 

[beltbreaker]

Looking at a forklift. I was planning waiting until March April but yr end May and if there is a delay then might have more tax to pay.. Got offered a couple of better than expected deals so might jump earlier. Is price jump going to be worth more in 5yrs time, I doubt it, you want to change JFDI..

Everything is up in the air best dig your crystal ball out as whatever you do on reflection will be wrong this time next year

 

[thesilentone]

March delivery, if it was available now I'd be bit braver and say sod it and go for it but a lot can happe before march.

I understand you're concern, allot could happen between now and March. The main one being the exchange rate, the £ has been weak against the euro, however that has suited us for exports, but if we do make a deal, I have a feeling it will creep up, the effect being nothing. In theory import prices should fall, however all a strengthening will do is stop them going up. The worst case is the £ weakens further and you have to pay more in March.

 

[Dry Rot]

I am wonderimng where interest rates and inflation are going to go. Boris is flinging it around as if there's plenty, so maybe he is printing it? Maybe spend money on repairs rather than buy new while people are looking for work? Of course, they could get even hungrier and prices will come down!

 

[thesilentone]

I am wonderimng where interest rates and inflation are going to go. Boris is flinging it around as if there's plenty, so maybe he is printing it? Maybe spend money on repairs rather than buy new while people are looking for work? Of course, they could get even hungrier and prices will come down!

The whole World is borrowing money, however, unless they make a special one off case, and right the debts off, (which is unlikely) then income tax directly, or indirectly will have to go up. This may drive up incomes, if so, then inflation will follow. A period of controlled inflation will not be a bad thing, as prices and incomes have been fairly stagnant for sometime. The World will change, some Asian Countries are well placed to take advantage as they have not been as affected. Post BREXIT deal or no deal, we will need to make deals quickly to maintain momentum on exports and prove we made the right decision. EU goods are expensive compared to others, this may help us.

 

[Clive]

A tractor. Fairly big price to change. Just feel nervous parting with such a large some of money at the moment.

change - £ will not be going up so if its coming from Germany its only going to get more expensive short term

 

[Clive]

I am wonderimng where interest rates and inflation are going to go. Boris is flinging it around as if there's plenty, so maybe he is printing it? Maybe spend money on repairs rather than buy new while people are looking for work? Of course, they could get even hungrier and prices will come down!

Interest rates are not going up that's for sure, probably go negative within the next 12 months, cost to borrow won't fall much though as bank margins are most of the current "rate" anyway

Asset inflation is high, it's a good time to buy if you have ability to borrow