Well. That is my ebay listing. It was a difficult decision to list this on ebay, but I cannot afford to have any "frozen Assets" I am under no pending litigation (as a defendant anyway) and I certainly am not considering bankruptcy so my assets are not frozen in any way. I have been notified by certified letter from the floor plan company that I can only dispose of these tractors "in the normal course of business" (and to be sure not to forget to pay them). My normal course of business includes Ebay and internet marketing. It is only Farmtrac NA policy that prevented marketing in this way while I was an active dealer (and I agree with that policy is necessary to mainatain an orderly market). I guess if they don't want me to do it, they can buy back my inventory (as is required by Arkansas Law). At this moment I don't expect that to happen. So, I have decided to try to sell one now and again if there is any buyer interest at all. I too am interested in seeing what it brings.
Bottom line: If I have to pay for this tractor, I own it. and if I own it I can think of no legal reason that I cannot sell it. That is provided the floor plan company gets paid. Whether there is any market is another concern altogether. In any case, I feel I have been as honest as I know how to be about the circumstances and the interest being conveyed and cannot imagine a buyer having any false ideas of the interest in the property being sold. The way I see it, it is no different than a bank selling off inventory of a foreclosed creditor, they don't warranty anything either.
There are many Farmtrac dealers I have talked to that are in much worse shape than I am and my biggest fear is thay my listing this tractor on ebay may in some way negatively impact them..of course anyone that would sell one of these tractors "in the normal course of business" without disclosing the condition of Farmtrac NA would, in my opinion, be commiting nothing short of fraud. Some dealers may want to sell with a dealer backed warranty, and if so may expect and deserve a higher price. Frankly I cannot think of anything that I could do that would make anything worse than it already is for any of us. So I am attempting this "experiment". There are lots of watchers (75), many of which may be fellow dealers wondering where the bottom is.
I have been actively involved in Chinese tractor sales for 5 years so I do know that tractors can be sold with minimal or no warranty. The tractors still do the job, and the customer saves a lot of money compared to other tractor choices on the market. I am optomistic about parts availability for the Escort tractors as well as the LS tractors as there are enough units in the field to support a profitable parts operation. At least I know what to expect doing business with the Chinese... The Indians really blind sided me. For almost 5 years I heard nothing but how big Escorts and how big Farmtrac was going to be. I better stop now, this is not really the place for me to vent. I just wanted to try to explain the position I have taken since this seems to be an interesting topic to the TBN community. I guess it sort of like driving by an accident, you just have to look and hope you don't see any casualties. I'm afraid we will see some innocent casualties in this matter, and I am doing my best trying not to be one. We have been having excellent KIOTI sales and our new Agtrac line is doing well. With the Lords help, I'll still be posting here (as an active dealer) next year!
Yippee, now to post enough to be a Super Duper Platnum Gold Silver encrusted with diamonds Member
