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Old 02-05-2008, 04:01 PM
Dougster Dougster is offline
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Originally Posted by Curtisfarmer View Post
Used equipment even at a dealer is 12-14% compared to 0%/ 3 years. The financing makes a new machine almost = out the door cost of new machine, with no warranty. When I thought about trading my L48 in and up for a M59, they offered less than 1/2 new.....with 1,000 +/- hours. If they took the L48 for a trade, they probably took it for a song. I believe the dealer doesn't get the repos back, they go to auction, and my dealer said he hardly ever sees a repo.
Good point on the repos... wasn't thinking that they probably go straight to auction by the finance company. But everything else rings true. Be careful that you buy the tractor you really need... 'cause trading in on the model that you really did need ain't gonna be pretty! Alternatively, you'd better be darn good at selling stuff on eBay and Craigslist!

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