cuzncletus
New member
- Joined
- Jul 20, 2003
- Messages
- 24
Just got back from the closest Deere/Kubota dealer 70 miles away. While I've been shopping both new and used tractors hard, the salesman said Congress this summer passed a bill that allowed 50% depreciation of equipment for tax purposes in the first year! That's a BIG write-off. The depreciation reverts to the old 7 year formula after the first year. The dealer said it was for new equipment and didn't know if it applied to used equipment. 0% financing, cheap insurance, HUGE depreciation- makes it kind of hard to by used....If the depreciation doesn't apply to used equipment. Anyone know more details on this?
Looking very hard at a 790 with 419FEL, Deere brand 5' bushhog. It's a little light, but I'm retired and not in a hurry.
Looking very hard at a 790 with 419FEL, Deere brand 5' bushhog. It's a little light, but I'm retired and not in a hurry.