Hello everyone,
I'm in the process of getting a JD 2305 (very excited) with a FEL, rear blower and belly mower and am considering the lease option. (to keep the costs down, and for business write off purposes)
The JD dealer is insisting that I limit the hours in the contract and I'm trying to decide what's a reasonable amount to specify. (Is this annual hours limit normal? Apparently Kubota doesn't put this restriction in their lease contracts, or so the sales person says!)
We have 10 acres, 7 of which is pasture, 2 or so is lawn with ditches included. Here in Canada we have a good 5 months of winter and apparently we get a lot of snow blowing onto the driveway (this will be my first winter on this property). I anticipate having about 450 feet of driveway to clear with blower and bucket, on average about 20 feet wide. We'll have 5 horses and I anticipate using the tractor to cultivate the pasture (and manure) a couple of times per year. Also, I anticipate a little bit of neighborly assistance on those bad winter days when everyone is snowed in (not too often!!). We'll be doing a bit of FEL work such as landscaping in the yard, fence maintenance, etc.
Given this scenario, what is the average annual hours you'd expect to accumulate?
Also, would anyone happen to know JD's "average" hours for their 2210/2305 models? In other words, in 5 years time, how many hours would this machine have on it for it to be deemed in average/above average condition? What would the approx residual value be (*approx*) expressed as a percentage of the original cost (50%.... 60%)??. To put it into context, if I paid 21K today, how much is the tractor likely to be worth in 5 years? (I'll obviously do my darnedest to keep it looking/running/feeling young and won't abuse it).
Oh.. and does anyone know what an average cost per additional hour would be for this tractor? I know what my JD dealer has suggested, but I'd like to get a sense from others.
Thanks!
Gord
I'm in the process of getting a JD 2305 (very excited) with a FEL, rear blower and belly mower and am considering the lease option. (to keep the costs down, and for business write off purposes)
The JD dealer is insisting that I limit the hours in the contract and I'm trying to decide what's a reasonable amount to specify. (Is this annual hours limit normal? Apparently Kubota doesn't put this restriction in their lease contracts, or so the sales person says!)
We have 10 acres, 7 of which is pasture, 2 or so is lawn with ditches included. Here in Canada we have a good 5 months of winter and apparently we get a lot of snow blowing onto the driveway (this will be my first winter on this property). I anticipate having about 450 feet of driveway to clear with blower and bucket, on average about 20 feet wide. We'll have 5 horses and I anticipate using the tractor to cultivate the pasture (and manure) a couple of times per year. Also, I anticipate a little bit of neighborly assistance on those bad winter days when everyone is snowed in (not too often!!). We'll be doing a bit of FEL work such as landscaping in the yard, fence maintenance, etc.
Given this scenario, what is the average annual hours you'd expect to accumulate?
Also, would anyone happen to know JD's "average" hours for their 2210/2305 models? In other words, in 5 years time, how many hours would this machine have on it for it to be deemed in average/above average condition? What would the approx residual value be (*approx*) expressed as a percentage of the original cost (50%.... 60%)??. To put it into context, if I paid 21K today, how much is the tractor likely to be worth in 5 years? (I'll obviously do my darnedest to keep it looking/running/feeling young and won't abuse it).
Oh.. and does anyone know what an average cost per additional hour would be for this tractor? I know what my JD dealer has suggested, but I'd like to get a sense from others.
Thanks!
Gord
