Its starting - tractor sales

[D14]

Doesn't seem to be affecting s/h asking prices, and there seems little spirit for taking less either.
Really tidy low hours secondhand are getting dearer. Was a 220hp Massey in FG that was low hours and immaculate at what many would have thought silly money, compared to underwrite offers, but it sold to first man to see it. Cannot see that changing, because gear to do a perfectly adequate job in a semi retirement situation for many years to come, is a fraction of new replacement cost. It is getting a job to find them, and owners are keeping them rather than pay stupid money to change fir a machine to essentially perform the same tasks.

We bought something 2 years ago used for £15,000. Sold it last week for £21,000. It was in demand so we took the profit. Its cost us nothing in repairs at all and left on the same wearing metal it arrived on. We haven't used it massively to be honest but never less it just shows whats happening to the used market.

 

[Farma Parma]

Used values should be up by same percentage.

Are they tho? everytime ive sold anything used for more money than accountant had it written down as i just pay income tax on the bugger.
Also what if your not selling anything towards the purchase your really shafted then

 

[Farma Parma]

We bought something 2 years ago used for £15,000. Sold it last week for £21,000. It was in demand so we took the profit. Its cost us nothing in repairs at all and left on the same wearing metal it arrived on. We haven't used it massively to be honest but never less it just shows whats happening to the used market.

Wait until your year end you will pax Income tax on the profit.

 

[Pennine Ploughing]

Wait until your year end you will pax Income tax on the profit.

but surely paying income tax and making a profit is good for business,

 

[Farma Parma]

but surely paying income tax and making a profit is good for business,

the banks & accountants would say so (I disagree)
Id rather had debt than neither..... it makes you think harder

 

[Tim G]

We bought something 2 years ago used for £15,000. Sold it last week for £21,000. It was in demand so we took the profit. Its cost us nothing in repairs at all and left on the same wearing metal it arrived on. We haven't used it massively to be honest but never less it just shows whats happening to the used market.

Time you've then paid tax (as already said), taken into account general inflation, the fact you've had £15k tied up in the machine and the cost of that, have you really made much on it?
But yes, it does show that values are going up. With luck, some of the old tat we have here might be worth something now!

 

[Hereward]

Doesn't seem to be affecting s/h asking prices, and there seems little spirit for taking less either.
Really tidy low hours secondhand are getting dearer. Was a 220hp Massey in FG that was low hours and immaculate at what many would have thought silly money, compared to underwrite offers, but it sold to first man to see it. Cannot see that changing, because gear to do a perfectly adequate job in a semi retirement situation for many years to come, is a fraction of new replacement cost. It is getting a job to find them, and owners are keeping them rather than pay stupid money to change fir a machine to essentially perform the same tasks.

This.

New prices just crazy, farm incomes squeezed so good secondhand in demand.

Things priced correctly sell.

 

[Roy Stokes]

Time you've then paid tax (as already said), taken into account general inflation, the fact you've had £15k tied up in the machine and the cost of that, have you really made much on it?
But yes, it does show that values are going up. With luck, some of the old tat we have here might be worth something now!

Better interest than it would have made in the bank and he's had some use of it, I think you are being a bit hard on the profit there

 

[Tim G]

Better interest than it would have made in the bank and he's had some use of it, I think you are being a bit hard on the profit there

I said nothing about the bank, I was thinking could that 15k been used better elsewhere within the business, a few more acres of corn grown for example. What was referred to as 'opertunity costs' when I was at college.

 

[Roy Stokes]

I said nothing about the bank, I was thinking could that 15k been used better elsewhere within the business, a few more acres of corn grown for example. What was referred to as 'opertunity costs' when I was at college.

or even opportunity costs
given the price of grain and the cost of renting land I'd still say he's done alright out of the machine

 

[Tim G]

or even opportunity costs
given the price of grain and the cost of renting land I'd still say he's done alright out of the machine

Ha ha, yes, they didn't teach me spelling, I didn't think it looked right but my phone seemed to think it a word, I'll go to the back of the class.
Maybe a farming situation isn't a great example but how many on here just leave the money in the back instead of farming? Or dealing in machinery for that matter?

 

[Happy]

an old dealer said to me 30 year ago the same as above, like a supermarket, each counter selling different brands,
and i can see it coming in years to come,
also can see very small workshop at back of sales counter, complete with a couple of loan tractors, any thing big will be sent to a central workshop for specialist repair while a loan tractor is left with you

Was he a Ford/NH salesman?

 

[Farma Parma]

the banks & accountants would say so (I disagree)
Id rather had debt than neither..... it makes you think harder

Soz i dont disagree with making a profit but for all the bad years you dont the system does allow us to claw some of the tax paid on such a profit.
but only 5yrs of averaging as folks should know.

 

[jh.]

maybe it's dawning on folks that a product that should cost £25k is now £100k. madness.

Was there not a topic recently with a new tractor costing 130 grand , trade in 30 grand and to finance balance was going to be £2000 a month .

 

[Timbo]

Was there not a topic recently with a new tractor costing 130 grand , trade in 30 grand and to finance balance was going to be £2000 a month .

Should think you're bang on the money there with 100k to finance over 5 yrs that is £1,666 / month plus interest.

 

[Lincoln75]

Time the cheap chinese imports were here like arbos

Third world products should stay in the third world , if its all you can afford in the Western world there`s something very wrong , which countries are buy buying JD and MF in big numbers ?

 

[barleybasher]

For some product categories there just seems to be too much choice, sprayers for example, or hay tedders.

Choice is a good thing for us but can't help but feel some of the smaller "me too" stuff will be weeded out in the next couple of years, the UK market just isnt big enough to support so many brands of equipment.

 

[Chae1]

Just swapped a magnum for a puma as we are moving towards direct drilling with a weaving Sabre tine

Tut tut!

Trading down. Never a good sign.

 

[Chae1]

Third world products should stay in the third world , if its all you can afford in the Western world there`s something very wrong , which countries are buy buying JD and MF in big numbers ?

There is.

We get third world prices.

Its a world market nowadays we keep getting told.

If wheat price gets too high, they import maize from south America.

Why can't we do the same?

 

[Lincoln75]

There is.

We get third world prices.

Its a world market nowadays we keep getting told.

If wheat price gets too high, they import maize from south America.

Why can't we do the same?

Pretty much without exception any engineered part / machine out of China is inferior to anything made in the Western world , higher import duties on the junk would see UK manufacturers having a better chance of surviving , the same can now be applied to foods.