Tractor lots are full

[tradosaurus]

If you think the Govt is trying to fool you by using big words you should use a dictionary.
By definition to refund is to give back or restore (applying to $). This clearly indicates $ was taken from the payee and returned. Re-funding the payee.
I'm old enough and smart enough to know all about taxes hidden, abused, funneled, and wasted.
Your check is not so big. Many people people pay much more. This is not the place for this discussion.

If you think the Gov't is out for your best interest you haven't learned enough in life.

If you think the word "refund" is a big word then you might want to read books.

The fact that people look at a tax "refund" as a extra money the gov't is giving them instead of money they earned and the gov't kept too much of, is a testimony of effective use of words.

This is not the place for this discussion.

 

[scootr]

If you think the Gov't is out for your best interest you haven't learned enough in life. I don't think so and I never said so - so wtf is wrong with you?

If you think the word "refund" is a big word then you might want to read books.

The fact that people look at a tax "refund" as a extra money the gov't is giving them instead of money they earned and the gov't kept too much of, is a testimony of effective use of words.

This is not the place for this discussion.

Really? Seriously? That's what you get from my original post and reply? That's some impressive misguided interpretations. Have a nice day under that rock guy.

 

[Torvy]

One more time...

A company that has a huge interest rate margin model is exiting a business where they can't manage interest rate risk.

Either they have a lot of long duration bonds that are now worthless, drying up their access to capital...or
They anticipate a changing of how the automotive world works with dealers getting squeezed out of being the middle man. OEM's want to sell direct to customers, via the Tesla model.

I completely understand, the thing to remember here is that Capital One is not your typical bank. They are the money ball of banks in that they live and die by Analytics...unless they see something untoward in a deal (as when they briefly acquired the Best Buy account). The point being that they are not a bellwether for the industry in that regard. Mostly, they figured out that this is not their core business and the ROI was not there given their lack of expertise.

I don't disagree that there is a change coming, but don't look to CapOne to lead an industry exodus from the floor plan business. The big players will assume they know better and will eat losses before they adapt (or they get "relief")

 

[ddbackhoe]

they adapt (or they get "relief")

Another bailout would certainly be helpful for us

 

[Hay Dude]

Another bailout would certainly be helpful for us

 

[Tinhack]

Another bailout would certainly be helpful for us

Then be sure to vote in the next election. The entire country needs a "bailout".

 

[Hay Dude]

I'd say lots are about about 70%. There are still area's where machines or implements are hard to find, but its decreasing all the time.
The "sellers market" of the last two years is gone. Our vendors are ratcheting up promotions again.

Let’s get those Krone promotions going.

 

[lman]

and dealers are a dying model...

I don't see tractor/ag equipment dealers dying anytime soon. Too much specialized ag equipment to purchase/maintain.

 

[lman]

Then be sure to vote in the next election. The entire country needs a "bailout".

I remember the bailouts of 2020 resulting in runaway inflation. Thank you very much. My pension is losing value rapidly. I didn't get a govt. paid vacation and worked through the "pandemic".

 

[2manyrocks]

All I want is for them to give me the top Kubota compact track loader along with the best forestry mulcher available along with a grapple. And a equipment trailer and new truck to haul it all. Plus free diesel fuel for life.

 

[ddbackhoe]

Then be sure to vote in the next election. The entire country needs a "bailout".

Why? No one likes the way I voted in 2020, now lots of people are pissin and moanin because of fuel prices, food prices, inflation, supply chain, etc. They got exactly what they asked for and continue to try and blame anyone else.

 

[5030]

Bailout with worthless money... sounds like a plan.

 

[2manyrocks]

Weirmar Republic financing at its finest.

 

[Tinhack]

I remember the bailouts of 2020 resulting in runaway inflation. Thank you very much. My pension is losing value rapidly. I didn't get a govt. paid vacation and worked through the "pandemic".

It wasn't the bailouts that caused inflation. It was caused by the new world order planned by the heads of state--No oil, no diesel, no gas and no food. If you want it, then you have to pay for it. Their plan is working.

 

[5030]

I will say my local Kubota dealer might have a few compacts on the lot but they are all sold and waiting for acessories to be shipped in. His bigger tractors and implements are all spoken for.

 

[2manyrocks]

It's tempting to put $ into something actually useful before inflation drives prices up even more.

There's a story that there came a point about 1998 when plumbers in Moscow wanted to be paid in vodka instead of rubles because they figured they could always drink the vodka.

 

[Hay Dude]

It's tempting to put $ into something actually useful before inflation drives prices up even more.

There's a story that there came a point about 1998 when plumbers in Moscow wanted to be paid in vodka instead of rubles because they figured they could always drink the vodka.

I have a couple pieces of equipment I borrowed money to buy 2&1/2 years ago at 3.5-4%.
I hate borrowing money, but at 3.5% I’m feeling pretty good.
Plus since I borrowed (and used plenty of my own money) years ago, those dollars were worth much more back then. Those same dollars today are probably worth 15% less and prices on new & used farming equipment have risen.

My wife and I are putting some upgrades into our home of 15 years. New roof was paid for by insurance, driveway, painting, interior upgrades. We are going to sell and pray we make a great deal of profit. I plan to rent until the market collapses or war breaks out-further crushing our stagnant economy, then buy a new property at below market value.

We are screwed from so many directions. Inflation, high interest rates, impending war, 30+ trillion in debt, onerous regulations, high commodity, energy and food prices, socio-economic unrest…..

 

[Borane4]

It wasn't the bailouts that caused inflation. It was caused by the new world order planned by the heads of state--No oil, no diesel, no gas and no food. If you want it, then you have to pay for it. Their plan is working.

It was ONLY the bailouts and "quantitative easing" that caused inflation. Pinching supply only increases the price of the pinched item. It does not have an effect on interest rates and the overall value of money. Only printing more changes that and only governments can print money. Obama, Trump and certainly biden have gone wild on the printing presses creating more currency than the economy can absorb. The oversupply of money drives the value of money down. Just like over pumping oil, or making too much milk drives the value of those commodities down. Good video

 

[Tinhack]

It was ONLY the bailouts and "quantitative easing" that caused inflation.

Reduce oil production and see how fast prices go up. I can't think of a single product that doesn't depend on oil at some point--Manufacturing through Delivery.

 

[finn1]

"They" call it "refund" to make people think the Fed Gov't is giving them money.

I remember when I had 9 kids (all mine) I was paying no federal income tax and getting money on my tax return. Wouldn't call that a refund.

Now I just wrote a check to the IRS for $8500. I believe all tax payers shouldn't be able to have their federal income taxes deducted from the paycheck but have to write a check to the IRS to see how much is being stolen from them.

Maybe if you had the proper withholding set up in the first place you wouldn’t have to write that check.

Cry me a River.