Man and tractor price??

[John 1594]

I don't follow what you mean? Who's rolls? Yours? or someone else's?

Mine....having paid £500 for them....invested a days time (£120), parts (£100)....they are worth £1500-2000.

They will always have that value if i choose to sell them....so what have i gained, or lost?

 

[ARW]

Simple...a days wage to drive someone elses tractor...£12/hr x 10hrs....£120

Spend a day replacing the bearings on a set of rolls and give them a coat of paint, put new lights on etc. The value you have added to the rolls exceeds the £120 you would have earned on someone elses tractor. Even taking into account cost of parts, you have gained a lot more than £120

I think a skilled man in your own workshop & tools your time should be valued at £18 +

 

[Wellytrack]

Im making a wild guess

same as you

Ahh, I see.

Nerp.

I wasn't actually saying you are like Donald Trump, because you are actually much, much more sucessful than him, seriously - you can take small quantities of your own money and turn them into larger sums of money, and not go bankrupt.

As Colonel Landa may say "That's a Bingo!"

 

[John 1594]

I think a skilled man in your own workshop & tools your time should be valued at £18 +

Even at that...ive still added more value to the rolls than id have earnt surely

Thinking about it, the amount of value i have tied up in kit is rediculous compared to what its actually cost

 

[rs1]

Mine....having paid £500 for them....invested a days time (£120), parts (£100)....they are worth £1500-2000.

They will always have that value if i choose to sell them....so what have i gained, or lost?

Got you now. £120 a day doesn't pay for a workshop/yard or pay the running cost of your kit while you are driving someone else's tractor.
I think we're aiming for different things from life. All the best.

 

[John 1594]

Got you now. £120 a day doesn't pay for a workshop/yard or pay the running cost of your kit while you are driving someone else's tractor.
I think we're aiming for different things from life. All the best.

Well if you double the 120 its still nothing near the added value is it

costs being parts, time and electric

Tractors here cost nothing while they are stood still. They are paid for, and appreciating, not depreciating. What cost me £3000 a decade ago is now worth £5000

in the meantime ive spent a £1000 on it, but how much has it earnt per year

 

[Farma Parma]

Well if you double the 120 its still nothing near the added value is it

costs being parts, time and electric

Tractors here cost nothing while they are stood still. They are paid for, and appreciating, not depreciating. What cost me £3000 a decade ago is now worth £5000

in the meantime ive spent a £1000 on it, but how much has it earnt per year

Pity we cant all run our business's like that eh...
Not as easy as you may think..

 

[Renaultman]

Young ones won't listen but at same time the older ones won't take the time to teach, im lucky I have a da and granda to teach me

This for me too, and numerous other people older and wiser than me.
I try to keep the ethos I am never to old to learn and never to arrogant to look down on those who need to. We all started somewhere.

 

[John 1594]

This for me too, and numerous other people older and wiser than me.
I try to keep the ethos I am never to old to learn and never to arrogant to look down on those who need to. We all started somewhere.

Grandfather has offered me plenty of advice over the years

He once bought a brand new county crawler, on finance back then, winter of 1962,it was £650 delivered. Said it was first and last thing he ever bought on finance, as he had to work it day and night to pay for itself, being a crawler it wasnt something you could use every day.

So i wont ever buy anything on finance. Nor will i go halves with anyone on anything, nor rely on a dead mans money. First profit is always the best profit, and first loss is always the best loss, just get out of it and walk away

So far, im doing fairly well on it, having started with a £500 quid MF35, bought from selling fordson major spares...its multiplied into 4 good tractors and enough kit to run a few hundred acres, along with a workshop equipped to do nearly everything

If the next 15 years are as good as the last, il reach 45 and be a happy man

 

[fiat 9090]

Why would i need to, last big purchase for me was 10 years ago when the 15 arrived. Bought plenty of smaller stuff since, mostly bought as written off the books and sold for scrap price

time is the cheapest investment in the world, spend 500 quid on say a set of worn out and knackered rolls what really need cutting up, a few days time and repairs and all of a sudden they are worth a couple of thousand

Be careful buying scrap cos it can cost you a fair bit of money to do up

 

[John 1594]

Be careful buying scrap cos it can cost you a fair bit of money to do up

Indeed it can.....ive been bitten twice so far, got out of the first one luckily, as i broke it for spares

second time i wasnt as lucky, probably lost 500 quid

no co incidence they were both fords

 

[fiat 9090]

Indeed it can.....ive been bitten twice so far, got out of the first one luckily, as i broke it for spares

second time i wasnt as lucky, probably lost 500 quid

no co incidence they were both fords

I got caught as well but when you buy something for 1000 spend a few hours tidying it up and get 2000 is a brilliant boost ,

 

[John 1594]

I got caught as well but when you buy something for 1000 spend a few hours tidying it up and get 2000 is a brilliant boost ,

I did well on a 770 not so long ago, paid 1000 for it, spent 1000 on it, sold loader for 500 and the tractor for 4000

I didnt do so well with a dexta...gave 750...it needed the engine rebuilt, the clutch, brakes and hydraulics doing, all new tyres, and after that it still didnt start right, although thats common on a dexta

just wanted rid so let it go for 1400, was glad to see the back of the sodding thing tbh

 

[fiat 9090]

At least you admit it , not too many on this forum have made " mistakes " if you get my drift , you did well with the other tractor do you ever go to cambridge

 

[Thomas5060]

At least you admit it , not too many on this forum have made " mistakes " if you get my drift , you did well with the other tractor do you ever go to cambridge

He lives there

 

[fiat 9090]

He lives there

Anyone there Monday I couldn make it

 

[John 1594]

At least you admit it , not too many on this forum have made " mistakes " if you get my drift , you did well with the other tractor do you ever go to cambridge

Im 15 miles from cambridge, go most months, although not yesterday, put stuff in there probably 4 times a year

The dexta and the pair of majors count as my worst deals

ive had others come close, but always got out evens or a few quid profit

 

[fiat 9090]

I used to sell tractors in the auction When sterling was at sixty eight cents a lot of trade ins and it was a great way of clearing out the yard

 

[james ds]

At least you admit it , not too many on this forum have made " mistakes " if you get my drift , you did well with the other tractor do you ever go to cambridge

I've made mistakes , I've kept some machinery too long , then it breaks down when under pressure and you end up having to hire in a machine or lose work , the cost of the repair could be only €50 ,but it could have cost thousands , that's the problem when trying to work with old machinery and to be honest customers don't want to see you broken down and the sun shining .

 

[renewablejohn]

Had a local turn up while using my 3 tonne excavator. City type in a new range rover, asked how much I would charge to lift a flagged area outside his grade 2 listed house. Said it was a minimum of 250 per day which he choked at and complained it was far to expensive so I politely told him he was very lucky, if he had employed me as an accountant then my rate would normally be 250 per hour. Thankfully I didnt get the job.