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Farm Machinery
Machinery
The effects of the virus on machinery dealers.
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<blockquote data-quote="Drillman" data-source="post: 6860693" data-attributes="member: 403"><p>I disagree. 3 vehicles here all owned only one of them is likely to have dropped in value due to recent events.And even that ones value will have dropped by no more than a couple payments on a premium vehicle PCP scheme. So not a lot really. No payments either while there sat on the drive unusable either.</p><p>And I will guarantee the finance companies will look to recover costs on future arrangements on PCP lease etc. It will be done by upping the payment then disguising them by making payments weekly rather than monthly, lowering mileage limits etc etc. The drip drip drip of cash leaving accounts will be a bit more frequent.</p><p></p><p>In normal times it really doesn’t cost a lot to actually own a car eBay, FB and the auctions etc are fully of motors you can own outright for little more than a handful (or less) of payments. If shiny paint isn’t a priority in your life it’s the way to go!</p></blockquote><p></p>
[QUOTE="Drillman, post: 6860693, member: 403"] I disagree. 3 vehicles here all owned only one of them is likely to have dropped in value due to recent events.And even that ones value will have dropped by no more than a couple payments on a premium vehicle PCP scheme. So not a lot really. No payments either while there sat on the drive unusable either. And I will guarantee the finance companies will look to recover costs on future arrangements on PCP lease etc. It will be done by upping the payment then disguising them by making payments weekly rather than monthly, lowering mileage limits etc etc. The drip drip drip of cash leaving accounts will be a bit more frequent. In normal times it really doesn’t cost a lot to actually own a car eBay, FB and the auctions etc are fully of motors you can own outright for little more than a handful (or less) of payments. If shiny paint isn’t a priority in your life it’s the way to go! [/QUOTE]
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Farm Machinery
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The effects of the virus on machinery dealers.
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