Bought a new L3560, state shut down the project. Sell or keep?

[Carl_NH]

If you sell it for $56K the buyer would need to 1) have the cash, or 2) take out a loan for some amount and interest rates are high now probably 6-7% range adds $5K to the overall cost for a 3 year loan for example.

If the buyer were to go to the dealer for a new unit, say $61-62K and put down 10% and finance at 0% it probably would be the same $ out of pocket vs your unit with interest.

See what your dealer will offer then the cost to downsize to what you want - that's the only way to make an informed decision.

I agree with Yander and 2Manyrocks - keep it for now if you can.

 

[2manyrocks]

Maybe let the dust settle with the regulators first, but can you get a permit to do the work that you want to complete?

Did you have a Kubota 0% interest loan?

In times of inflation, a low hour piece of equipment can be an inflation hedge, especially if you have very low borrowing costs compared to the inflation rate and provided that you can pay your loan.

 

[Rock Crawler]

Maybe let the dust settle with the regulators first, but can you get a permit to do the work that you want to complete?

Did you have a Kubota 0% interest loan?

In times of inflation, a low hour piece of equipment can be an inflation hedge, especially if you have very low borrowing costs compared to the inflation rate and provided that you can pay your loan.

Yes, I am on a 0% loan and low relative balance. I am also paid months ahead and do not have to make payments if I do not wish, the way they deal with over payment at Kubota is that you can stop sending payments until you get back on schedule, so you can send 12X the monthly payment 1 time a year if you desire.

I think I am going to do what many suggested and sit on it. The tractor is still useful now and again and it's not really costing me much to keep it. And I do think I want to get the final inspection from the state done and then in the spring try to come back at them with an application for a permit along with an E&S plan set up by an engineer. From what I hear, that should be around $400 for the engineer, and the permit is much less if I can get them to go along with my plan.

It does chap my rear end that you are not free to do as you wish on your property. We own it, pay our taxes on it and then they control what I do with my patch of dirt. Kind of bogus to me.

 

[dodge man]

What bugs me is more often than not our plans would show silt fence surrounding the entire project. On the low side I get it but it would even be on the high side, last I checked water doesn’t run up hill. Some of this stuff is a good idea to keep silt out of our streams but as usual our government requires us to go overboard.

 

[Langanobob]

Not sure what your priorities are but it seems like you can find a profitable use for it, if you wanted to bad enough. I’d be inclined to keep it.

 

[civilian]

Did you start/buy with the BX25D on this project? Or did you already have a use for it around your property? I have a B26TLB and a BX2230 on 80 acres of woods. Both still are used on the property. The smaller was for cutting grass and snowblowing, and the BH was bought when we decided to build a house on the property. It came in handy back filling, digging trenches, etc. If you sell the L, would a BX work or is that too small? I am in the group to keep the L, and useas needed. But if it is too big for your other projects, think more about selling. Jon

 

[2manyrocks]

If there's even a possibility that you might re-start this project, I'd say absolutely keep it. If you sell it because you're frustrated with the permit situation, a new replacement tractor will cost you more to rebuy what you already have and who knows when the dealer will be able to get one. Could be an experienced engineer could get the permit squared away with the least fuss and then you'd already have your tractor to get back to work. As much as the dealer might be thrilled to trade you out of what you have and re-sell you another tractor or two, I don't think that would work well for you.

 

[Streetcar]

Yes, I am on a 0% loan and low relative balance. I am also paid months ahead and do not have to make payments if I do not wish, the way they deal with over payment at Kubota is that you can stop sending payments until you get back on schedule, so you can send 12X the monthly payment 1 time a year if you desire.

I think I am going to do what many suggested and sit on it. The tractor is still useful now and again and it's not really costing me much to keep it. And I do think I want to get the final inspection from the state done and then in the spring try to come back at them with an application for a permit along with an E&S plan set up by an engineer. From what I hear, that should be around $400 for the engineer, and the permit is much less if I can get them to go along with my plan.

It does chap my rear end that you are not free to do as you wish on your property. We own it, pay our taxes on it and then they control what I do with my patch of dirt. Kind of bogus to me.

The state regulations are there to protect your downstream neighbors. Nobody wants their property damaged by neighbor

 

[WVH1977]

Here is a though outside the box. How about sell your current house and property and buy a bigger property with more land to use your new tractor on?

 

[nybirdman]

Keep it,you will never fine one cheaper.The Grand L's are pretty nimble and plenty of power.