New Tractor Sales Are Declining

[YanmarFever]

Or the day its paid off !

 

[two_bit_score]

Or the day its paid off !

Probably the BEST day!

 

[tradosaurus]

You know they say '
"the two best days of a boat owners life is the day they buy their boat and the day they sell their boat. "

I think, for tractors, the saying should be "the two best days of a tractor owners life are the day they buy their tractor and the day they buy a bigger tractor."

How true that is. Except my wife didn't think so.

 

[Yander]

Just browsing Facebook marketplace there is a lot better used tractor inventory then back in the summer while I was looking.

 

[two_bit_score]

Just browsing Facebook marketplace there is a lot better used tractor inventory then back in the summer while I was looking.

Wonder how many, if any, of those used tractors are not fully paid off?

 

[CloverKnollFarms]

Paid mine off the day it was delivered… that was the only way I could justify a CUT

 

[jyoutz]

Paid mine off the day it was delivered… that was the only way I could justify a CUT

I could have paid cash and received the big $1500 cash discount. Instead I went for 6 years zero interest and keep my cash invested.

 

[CloverKnollFarms]

I could have paid cash and received the big $1500 cash discount. Instead I went for 6 years zero interest and keep my cash invested.

There wasn’t 0% being offered

 

[jyoutz]

There wasn’t 0% being offered

Absolutely you made the best choice under those circumstances.

 

[Yander]

It comes down to what's important in your situation, more cash in the bank/
investments or no tractor loan.

I'm not hurting for money but I'm not made of it either. So I opted to keep my cash in the bank rather than pay cash.

My interest is very low and I can always pay it off earlier.