Prices coming down?

[Hilly]

Same here.
The maths suggest i'm a lot less worse off!

 

[Moors Lad]

I can give you a number of a company who does keen rates of finance on ag plant and commercial gear. They will do 100% or near enough

No doubt you can BUT it won`t be at 0% , or anything near that...

 

[livestock 1]

No doubt you can BUT it won`t be at 0% , or anything near that...

There’s no such thing as 0% finance
It’s either added to the price or discounted off the trade in (if there is one)

 

[Chae1]

More and more of these type of offers. No word of them from local dealers unfortunately

 

[livestock 1]

JD offered me 7 years finance on the last one I priced some time ago

 

[Renaultman]

Put it this way, 3 years ago a 16 ton trailer would of been around 17/18 k, now they are up around the 30 k bracket, no way has steel gone up like that, someone is getting greedy, I just refuse to pay it, keep what I got, same as tractor's, I just can't see myself ever buying new again, tractor that is.

Trailers are just ridiculous money, I've bought 2 new tippers in the last 3 years, they will hopefully last the remainder of my farming life.

 

[ACEngineering]

There’s no such thing as 0% finance
It’s either added to the price or discounted off the trade in (if there is one)

100% correct, its all smoke and mirrors. its hidden in the price somewhere just out of sight.

 

[sexy lexy]

JD offered me 7 years finance on the last one I priced some time ago

If you're looking at taking finance over 7 years, don't think you can afford it....,lol

 

[livestock 1]

100% correct, its all smoke and mirrors. its hidden in the price somewhere just out of sight.

It’s just layered isn’t it. Starts at the international banking system then passed down to finance companies to persuade us we are able to afford the high price of gear.
Companies need it to keep machinery on the move to keep their profits right.
As you say it’s just hidden in there somewhere

 

[livestock 1]

If you're looking at taking finance over 7 years, don't think you can afford it....,lol

I don’t know about that. 8% inflation 8% finance
As long as the machine enhances the business and profits why not

 

[sexy lexy]

I don’t know about that. 8% inflation 8% finance
As long as the machine enhances the business and profits why not

1 year tax benefit, but paid out of 7 financial years, not good business

 

[Chae1]

1 year tax benefit, but paid out of 7 financial years, not good business

Why not,?

 

[Quaddog]

Disappearing BPS is bound to make a difference as well.

 

[Chae1]

100% correct, its all smoke and mirrors. its hidden in the price somewhere just out of sight.

It's reducing the price without actually dropping it and affecting used values.

Off topic! But I was meaning to ask you what's your views on deleting ad blue on a 70 plate 737 Manitou?

 

[Ducati899]

I've seen no evidence of this in agriculture. Just better terms/finance on new, used machinery.

deere rep told me last week they’d lost some good terms and case rep said he was expecting the same to happen

 

[sexy lexy]

Why not,?

Still paying a finance payment in year 7, with no tax saving in that year, bad business.

 

[Renaultman]

1 year tax benefit, but paid out of 7 financial years, not good business

This is what scares me, you get the tax allowance in the first year but it takes 7 years to pay for it

 

[Pan mixer]

This is what scares me, you get the tax allowance in the first year but it takes 7 years to pay for it

And then you have to pay the tax on the depreciation too.

That first year allowance only kicks the tax bill down the track.

 

[Yale]

deere rep told me last week they’d lost some good terms and case rep said he was expecting the same to happen

Well, the musical chairs has been going OK up to now. Problem is the trade don’t realise the music has stopped and we are now seeing who hasn’t got a chair to sit on!

 

[AJ123]

Put it this way, 3 years ago a 16 ton trailer would of been around 17/18 k, now they are up around the 30 k bracket, no way has steel gone up like that, someone is getting greedy, I just refuse to pay it, keep what I got, same as tractor's, I just can't see myself ever buying new again, tractor that is.

Try comparing it to hgv bulk trailers. I haven’t got any quotes here to demonstrate, but given the technology and build spec of a Hgv trailer compared to ag, one would expect them to be significantly more expensive. it is clear that the cost of ag trailers bears no resemblance to their cost of manufacture!
when farmers close their wallets when bps is completely gone, there will be a massive reality check coming for the machinery sector ( as there is for all the other side industries and ultimately farming itself).