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  1. #41
    Silver Member whirly's Avatar
    Join Date
    Sep 2011
    Posts
    114
    Location
    Pepe'ekeo, HI
    Tractor
    Fordson Power Major

    Default Re: The money sense of tractor buying

    I have to laugh

    If I 1) wake up and 2) can get vertical, my day started out perfectly. No matter where you are physically, as long as your day starts ... it's better than the alternative in my book.

    Now lets all stop complaining about stuff we can't do anything about. It's sooooo depressing.

  2. #42
    Silver Member whirly's Avatar
    Join Date
    Sep 2011
    Posts
    114
    Location
    Pepe'ekeo, HI
    Tractor
    Fordson Power Major

    Default Re: The money sense of tractor buying

    Quote Originally Posted by TripleR View Post
    Not complaining, just musing.
    And then this thread turns into a pity party.

    I was trying to tweek your nose to stop this from doing just that. I know ...
    not my job
    Got it

  3. #43
    Super Member Gary Fowler's Avatar
    Join Date
    Jun 2008
    Posts
    7,913
    Location
    Bismarck Arkansas
    Tractor
    2009 Kubota RTV 900, 2009 Kubota B26 TLB & 2010 model LS P7010

    Default Re: The money sense of tractor buying

    Quote Originally Posted by arrow View Post
    As an update. Finally went back to the Mahindra dealer. Cannot do the deal I wanted for the 4010 (12K and my JD 750 w/1400 hrs) Most tractor I can buy is the 3016 shuttle with loaded R1's for that money ($16995 cash price). Wife did not give me the grief I expected. Might have something to do with my back being out these last couple of days and having to literally dismount from my JD as if it is a set of parallel bars. That suspension seat was real nice on the 4010 so I am a bit disappointed. These things (tractors) seem to have escalated in price these days.
    Maybe you should price an LS tractor as they tend to be cheaper and have more options than Mahindra or the other brands and a better warranty than some with a 2 year bumper to bumper and 5 year power train.
    2010 LS P-7010C 20F/20R gear tractor & FEL, 2009 Kubota B 26 TLB, RTV 900 Kubota,17 foot Lund boat with 70HP motor, 2012-20 ft 12k GVW trailer, 2011- 52" Craftsman ZTR mower, 2013 Ferris Zero Turn, 3 weed whackers, pressure washer, leaf blowers, 7 foot bush hog, 8 foot landscape rake , 8 foot 3 PH disc, 2 row cultivator, 350 amp Miller AC/DC welding machine and all the tools needed to keep them all repaired and running.

  4. #44
    Platinum Member
    Join Date
    Jun 2011
    Posts
    601
    Location
    Connecticut
    Tractor
    JD2520

    Default Re: The money sense of tractor buying

    The alternative, from a pure cost perspective, is to understand the following:

    - How much could you sell the existing machine for?
    - After said sale, how much cash would you have in hand after paying off any outstanding liens?
    - With no machine, how much would it cost you to pay someone to remove snow? Mow grass? Gather / deliver firewood?
    - If you add together your cash from the sale along with extra you would invest into a larger machine, how may times could you have wood delivered, snow removed, and the grass mowed before you would be spending additional money?

    Early on, owning your own machine makes great financial sense because you save year-over-year and it puts / keeps money in your pocket. When you reach a point where you either need to spend a lot of money on a new machine or you simply can't be abusing your body to run that machine, paying someone else from the pool of money you saved over the years starts to make sense.

    I bought a $25k machine to save about $3k per year in heating costs. The machine should have been closer to about $18k, but I opted to also mow and remove snow with it (mowing deck, snowblower). After running it for five years, I will have saved about $15k in heating costs. The machine will still be worth $15k, and I would end up having spent $10k to save $15k - a net of $5k to me. After ten years, the math changes ($30k saved, $10k residual, $15k spent overall) more in my favor.

    At some point, I will sell the big machine and buy something a lot smaller to mow and remove snow only. I'll have have saved well over $20k by then, and will have to spend it to have others do some of that work for me. In the end, I'll come a lot closer to break-even than the people that don't do the work themselves, and that helps "my bottom line".

  5. #45
    Super Member
    Join Date
    Dec 2007
    Posts
    5,646
    Location
    Ohio
    Tractor
    JD 5520, 790 TLB-- Kub L4300, B7800, MX5100

    Default Re: The money sense of tractor buying

    Good ponts, meburdick. I will add that much of my machinery was "free" over the years by virtue of using it for our used or new home use and projects that I would have had to pay others for. In a rural environment and several homes/farms over the years, it can really add up.
    In the broadest of senses you could argue otherwise on assumed investment return from other places and potential liability but I would still had to shell out for work to be done. As well, I am certain some of our projects enhanced the value of things later sold for more than we could have otherwise.

    Tractors don't cost, they pay
    ******

    May I be the kind of person my dogs think I am,

  6. #46
    Elite Member
    Join Date
    Dec 2002
    Posts
    3,015
    Location
    Foster, RI
    Tractor
    Mahindra 3016

    Default Re: The money sense of tractor buying

    Quote Originally Posted by meburdick View Post
    The alternative, from a pure cost perspective, is to understand the following:

    - How much could you sell the existing machine for?
    - After said sale, how much cash would you have in hand after paying off any outstanding liens?
    - With no machine, how much would it cost you to pay someone to remove snow? Mow grass? Gather / deliver firewood?
    - If you add together your cash from the sale along with extra you would invest into a larger machine, how may times could you have wood delivered, snow removed, and the grass mowed before you would be spending additional money?

    Early on, owning your own machine makes great financial sense because you save year-over-year and it puts / keeps money in your pocket. When you reach a point where you either need to spend a lot of money on a new machine or you simply can't be abusing your body to run that machine, paying someone else from the pool of money you saved over the years starts to make sense.

    I bought a $25k machine to save about $3k per year in heating costs. The machine should have been closer to about $18k, but I opted to also mow and remove snow with it (mowing deck, snowblower). After running it for five years, I will have saved about $15k in heating costs. The machine will still be worth $15k, and I would end up having spent $10k to save $15k - a net of $5k to me. After ten years, the math changes ($30k saved, $10k residual, $15k spent overall) more in my favor.

    At some point, I will sell the big machine and buy something a lot smaller to mow and remove snow only. I'll have have saved well over $20k by then, and will have to spend it to have others do some of that work for me. In the end, I'll come a lot closer to break-even than the people that don't do the work themselves, and that helps "my bottom line".
    Very sensible and sound post. I am the stubborn ,independent type and for that, I can't put a price tag on because my wife says I'm priceless. (I'm not sure she means in a good way)

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