Should a dealer buy back a piece of machinery they sold you

[Timbo]

OP seems to have gone to ground..

 

[lloyd]

OP seems to have gone to ground..

Perhaps the wife has got hold of the spread a bale.

 

[Wombat]

Is this an actual real thread?

 

[Enry]

That counts as fraud and punishable by cat of nine tail, ninety nine lashes. Or it should be. The problemoccurs when the payer defaults, which is not uncommon, and the bailiffs visit.

Having been on the buying side of such an case, I agree....luckily it wasn't a huge issue, but it is a risk buying something privately or in an auction! Just because something's getting on, doesn't mean it's not been re-financed. Some see that as a way of managing their cashflow - refinance something and then sell it, therefore getting paid twice, and just repaying (or not) the monthly amount!

 

[Enry]

We bought a piece of ex-demo machinery 12 months ago off a dealer we do a fair bit of business with and after realising we aren't getting the use out of it we thought we would and looking to put funds elsewhere in the business now so I asked our rep if they'd want to buy it back at what ever he valued it at and settle the finance on it at the same time and he won't touch it said the company is tightening their belt and can't do anything. What are your thoughts and what shall I do next as feel like we are stuck with it and can't afford to settle the finance to properly advertise it for sale. Thanks

If I bought it off you now, but decided in 6m that I didn't want it, would you buy it back off me?

 

[David1968]

We bought a piece of ex-demo machinery 12 months ago off a dealer we do a fair bit of business with and after realising we aren't getting the use out of it we thought we would and looking to put funds elsewhere in the business now so I asked our rep if they'd want to buy it back at what ever he valued it at and settle the finance on it at the same time and he won't touch it said the company is tightening their belt and can't do anything. What are your thoughts and what shall I do next as feel like we are stuck with it and can't afford to settle the finance to properly advertise it for sale. Thanks

You need to speak to the finance company, technically it belongs to them.
They will have a road for it, same as repossessions. With only a years payments down though the best you might get is, they'll take it away and call it quits.

Can't help feeling there's more to this. "I bought a bedder but I prefer doing it by hand", said no-one, ever...

 

[Massey mad]

Thank you to all the people who have come back with helpful advice but don't know why I bother putting anything on here anymore most are just out to judge and although it's got absolutely nothing to do with them they seem to thing they know what is better for my business than I do. There's nothing untoward about it, I traded a mounted straw blower in which covered half the cost of the spread a bale and the rep said pay the rest in a year's time if you want... so I did and it just isn't working out as cost effective as I thought. Its for bedding pigs and the best way with them is just putting the bales in and leaving them too it which I can now do again my partner is able to open gates and let me in the pen rather than spreading straw from outside the pen. Thought this platform was one of the few places left to interact with like minded people... it appears not

 

[Nearly]

Sorry, it's cold and wet outside and we were bored.
I've seen worse replies actually.

 

[David1968]

Bit more detail like that, at the start, would've helped.

 

[Massey mad]

Sorry for lack of detail, Just wanted some straight opinions from the question at hand. How much detail do you need? I'm 26, my partner is 24 got an 18 month old little girl. Rent 3 yards off large local arable farms and have 6000 pigs on rearing and finishing for a large company based in Yorkshire, we aren't going to be millionaires but it's a stable income for us, I bought the spread a bale when my partner was pregnant and we had 1 yard now I never use it because its slow and they need doing every day nearly rather than once a week and the logistics of it aren't easy having to put it on a trailer and one of the yards it's not suitable to use at so as funds are tight I'm desperate for a good legal road worthy trailer with flotation tyres because that's what the farms where we get straw from specify.

At the same time please don't judge me for I've not had Grandad buy and pay for a farm for us we started with nothing but an interest in working for ourselves.

 

[Nearly]

Who was the guy on here that made their spread a bale trailed?

 

[David1968]

I'm desperate for a good legal road worthy trailer with flotation tyres because that's what the farms where we get straw from specify.

Easiest way might be find a dealer with a suitable trailer and offer the bedder in part exchange.
Finance company will probably be easier to deal with if you're looking to finance the trailer instead, rather than just handing the bedder back.

 

[Massey mad]

The need to finance a £10000 machine to start with may be the problem,I would be surprised if somebody needed to finance it when it was second hand

If it was a large farm with a turnover of £2m and probably a bigger profit margin than us would you be questioning their need to finance a £100k tractor just to put it into perspective for you

 

[Zebbedee]

If it was a large farm with a turnover of £2m and probably a bigger profit margin than us would you be questioning their need to finance a £100k tractor just to put it into perspective for you

Keep doing what you do @Massey mad don’t get pee'd off wi a few of the cuff comments,,,,,,it’s not easy making a living at times and selling a valuable bit of kit as it’s no use for the job is sensible, approach the finance for a settlement fee then sell it yourself, as explained dealer will not really be interested tbh.

 

[Fendt516profi]

Who was the guy on here that made their spread a bale trailed?

@Pan mixer

 

[Cowabunga]

She does the agronomy including preparing all the tank mixes and a lot of the labour management including wages and organizing the harvesting . There's 1000 acres of veg at any one time and 450 people. For the last four years we've passed our GlobalGAP audit with no non conformities. When we had cattle she did all the Vet work as she was a vet. I'm obviously the brains behind the operation but there probably wouldn't be much of an operation without her. Plus I quite like her an enjoy being with her.

You have a massive scale of operation compared to the average UK farmer. I once worked for a farmer in Scotland that had nearly that scale of vegetables, mostly cabbage, potatoes, swedes and a few leeks plus four acres of field rhubarb, 200 dairy cows and a goodly herd of sucklers. Gangs were employed at key harvest periods but around 20 were employed full time. They also had a housekeeper, two two au-pairs and two grooms for the pedigree horse stud.

 

[betweenthelines]

OP seems to have gone to ground..

Wife has put him through the spreadabale

 

[betweenthelines]

Thoughts:

1. Don't pigs spread the straw around if you just cut the strings and drop the bale in the yard?

2. Are you going to have any more children?

3. Is your wife never going to be ill?

4. If you could afford the machine before expanding, was expanding a waste of time/money/effort?

5. Can you keep a stack of bales at each yard?

 

[Massey mad]

Thoughts:

1. Don't pigs spread the straw around if you just cut the strings and drop the bale in the yard?

2. Are you going to have any more children?

3. Is your wife never going to be ill?

4. If you could afford the machine before expanding, was expanding a waste of time/money/effort?

5. Can you keep a stack of bales at each yard?

1. That's my point? That's what I'm able to do again now, I know I'm young but I'm not able to get a 4x3 bale to the back of a 60ft pen?

2. I don't know yet

3. I hope not but odd days here and there can't be helped?

4. Well not really but we had to plough £50k plus into expanding, that's not my point anyway?

5. What the hell has that got to do with it? Yeah believe it or not we do have straw at each yard

 

[Wombat]

Based on the details then no I wouldn’t expect the dealer to buy it back unless that was part of the original deal.

However i would see if a dealer maybe another one would take it as a trade in against something you need