The world according to Jim. Living in the south where rust is not an issue. You can skip now and save 2 minutes.
I wonder when people say no warranty is a reason to by a new car or tractor. I have owned a new tractor, a new car and a new little truck. Never used a significant warranty claim. Had a broken horn and seat belt fixed and that was it. My new tractor is now 17 years old, not used much at maybe 600 hours. Never been in the shop. Granted 600 hours is low hours.Tires and hoses rotting in 17 years which has been $300 in repairs. My new car is now 12 years old and has 400,000 miles and no epic maintenance and no equipment failures of significance. My little truck was 14 years old and 280,000 miles before it was totaled by some high school kid. New transmission bearings and head welded out of warranty. My current truck is low miles at 150,000 miles. I could see if you are a professional contract harvester running combines 24 hours a day during harvest season but for the average Joe that has a tractor toy what is the deal with wanting a warranty? Heck all the farmers I get hay from either buy used equipment or if they buy new. That new equipment will be in production the next 20 years. My cousin is farming 600 acres and he buys used mostly. Well he did buy some new wagons as one of his old wagons broke an axle and set them back some time during harvest.
On the other hand I do not have mad money to pay cash for new equipment so that may affect my thinking. I hate making payments. That truck I bought used with 135,000 miles after someone crashed in to my old truck. The used truck I bought for half of it's 8 year old new sticker price. I have a few more years payments on it. Again it was not in the budget to replace the old truck for another 5 years. I might get annoyed if I have to do a tranny rebuild or put new injectors in it but that still is less expensive than the full sticker.
Retirement of some sort in the next 20 years (forced or decrepit body) worries me more than a piece of equipment with no warranty. For young people a $100 a month at 8% means you could have $34k a year to buy groceries with 40 years later. Doesn't sound like much but it will be better than SS. Hopefully one can survive on $34k a year if you avoid big city living, buying new things when old, already learned to live on cash and no notes, and health insurance is not too outrageous.
I want a new TIG welder, a new plasma cutter and a new garage. No $50k laying around to build the new garage though. ;-(