Buying Advice Just buy the darn tractor

[Goose1776]

To all the people, waiting around, thinking prices will come down
Or waiting for some bargain deal
Or thinking the next year’s model may be better.
My advice
If you are wanting, or needing a tractor
And can afford it
Just:
Buy the darn tractor
As I have hit my late 40s,
(I know, just a kid to a lot of people on here)
I have a new sense of our fragility and mortality.
Within the last month, my wife has lost
2 friends to unexpected illnesses
A brother to a heart attack
Another friend diagnosed with stage 4 cancer
We know 2 people, who were just diagnosed with ALS
All these people are/were under 50

I have disabling health issues, but can still lead a mostly “normal” life, just not every day.
But I am lucky, compared to others
Life is short, enjoy it while you are here
Buy the darn tractor
I just bought my most recent one last week
A new Kubota L5460,
it will be the fanciest
most comfortable,
tractor I’ve ever had,
But life is short and I plan to enjoy it

 

[5030]

IOW, wait until you are deceased and then you won't need it.

 

[Paystar]

That's what I am doing. Enjoying life now. Before the snowflakes ban the sale of everything except pot. After all they even want to ban beef cattle and all forms of food as we know it. They just want a future of holding hands smoking pot smelling the flowers.

And no point keeping money in the bank. Can't trust them anyway. Look at what our leaders did to the participants in the trucker protests.....freezed and took all their bank accounts.

Or these war mongering lunatics in these other countries are going to blow us up anyway.....so may as well buy toys and enjoy while you can. LOL

 

[alwaysworking]

In the last 4 years I don't think I have had a better store of wealth than my tractor and equipment purchases. It seems that the iron appreciates faster than i can deprecate it. And I am making good money with the equipment to boot.

 

[Paystar]

In the last 4 years I don't think I have had a better store of wealth than my tractor and equipment purchases. It seems that the iron appreciates faster than i can deprecate it. And I am making good money with the equipment to boot.

How true. I've always said......the two best investments you can ever make are real estate and tractors. The only two things I never lose money on.

 

[Snobdds]

In Economics we call this FOMO - Fear of Missing out.

FOMO is a classic inflation response that actually drives inflation higher. It's actually irrational fear.

Interest rates hikes were paused temporarily yesterday, but it was noted rates will need to be raised later in the year. Again, this creates FOMO and it will actually drive up prices in the short term.

If history proves correct, prices will have to go lower in about 12-18 months as all the demand will be brought forward. The fed should just let interest rates be set by the market. It will take the overshooting of poor timing out of the equation.

 

[2manyrocks]

Taking the spring seasonality out of it, real estate price curve has generally tipped negative.

This fed isn't our father's fed.

 

[rScotty]

To all the people, waiting around, thinking prices will come down
Or waiting for some bargain deal
Or thinking the next year’s model may be better.
My advice
If you are wanting, or needing a tractor
And can afford it
Just:
Buy the darn tractor
As I have hit my late 40s,
(I know, just a kid to a lot of people on here)
I have a new sense of our fragility and mortality.
Within the last month, my wife has lost
2 friends to unexpected illnesses
A brother to a heart attack
Another friend diagnosed with stage 4 cancer
We know 2 people, who were just diagnosed with ALS
All these people are/were under 50

I have disabling health issues, but can still lead a mostly “normal” life, just not every day.
But I am lucky, compared to others
Life is short, enjoy it while you are here
Buy the darn tractor
I just bought my most recent one last week
A new Kubota L5460,
it will be the fanciest
most comfortable,
tractor I’ve ever had,
But life is short and I plan to enjoy it

Right you are. In hindsight I would have been better off to have bought the right tractor at your age or before. Would have gotten more done and had fun doing it. But I didn't, & will admit that I actually enjoyed doing hard work by hand. Maybe there is a health beneftit there, too.

Anyway, I agree with buying one now and wish I had been smart enough to do so.
But with two caveats:
First is which tractor is right? It took me lots of experience to get to the right one.
Second is I wouldn't buy anything that required more hours working to pay off the debt than it was going to save.
rScotty

 

[Jrasband]

Why I just got the Kubota

 

[Omega Woods]

Ahh, the "existentialism + economics = buy a tractor" thread.

I couldn't agree more. If you can cover your tractor bill without jeopardizing your lifestyle, retirement, future plans...then now is the best time to buy that machine you need. I bought a mini excavator and a track loader this year with this justification. I'm 55 and nearing retirement and am ready to buy the right tools to do the jobs I want to do when I want to do them.

I'm not sure anyone thinks that new tractor prices are going to lower. Anyone who thinks that hasn't been paying attention to tractor prices...

 

[Wobblin-Goblin]

Agreed. I recently bought my MF 4707. It is the nicest, most capable tractor I've ever owned or operated. Spent the extra money and got the air ride seat and it is such an improvement over mechanical suspension.

 

[Hay Dude]

Ahh, the "existentialism + economics = buy a tractor" thread.

I couldn't agree more. If you can cover your tractor bill without jeopardizing your lifestyle, retirement, future plans...then now is the best time to buy that machine you need. I bought a mini excavator and a track loader this year with this justification. I'm 55 and nearing retirement and am ready to buy the right tools to do the jobs I want to do when I want to do them.

I'm not sure anyone thinks that new tractor prices are going to lower. Anyone who thinks that hasn't been paying attention to tractor prices...

What’s “retirement”?

 

[Eagle1]

What’s “retirement”?

About to go there, it's when you work for your own stuff and NOT have customers.....

 

[Torvy]

About to go there, it's when you work for your own stuff and NOT have customers.....

For me, it's working for me with no need to turn a profit. I may sell a few products off of the farm, so technically I would have customers.

 

[Hay Dude]

I “retired” from construction, well actually I started taking on less and less construction work for the last 10 years. I still take on some-especially barn rescue work, in the winter months.

I’ll run my custom mowing business until I’m dead or unable to climb into the cab. A way off yet, but it will happen to all of us eventually.

In the meantime, I’m actually getting bigger. 450 acres now. Seems impossible to get it all done.

 

[Omega Woods]

What’s “retirement”?

That’s where I work harder than I do now for no money.

 

[Jstpssng]

How true. I've always said......the two best investments you can ever make are real estate and tractors. The only two things I never lose money on.

That used to be true of guns also, but may not be the case in Canada.

 

[wickemite]

To all the people, waiting around, thinking prices will come down
Or waiting for some bargain deal
Or thinking the next year’s model may be better.
My advice
If you are wanting, or needing a tractor
And can afford it
Just:
Buy the darn tractor
As I have hit my late 40s,
(I know, just a kid to a lot of people on here)
I have a new sense of our fragility and mortality.
Within the last month, my wife has lost
2 friends to unexpected illnesses
A brother to a heart attack
Another friend diagnosed with stage 4 cancer
We know 2 people, who were just diagnosed with ALS
All these people are/were under 50

I have disabling health issues, but can still lead a mostly “normal” life, just not every day.
But I am lucky, compared to others
Life is short, enjoy it while you are here
Buy the darn tractor
I just bought my most recent one last week
A new Kubota L5460,
it will be the fanciest
most comfortable,
tractor I’ve ever had,
But life is short and I plan to enjoy it

Right on man. I am 82 but can relate to everything you say. I am close to buying machine number 4, an oldie to keep my seasonal cabin 4 acre property mowed up in New Brunswick. Tired of chasing other folks to do the odd mow anf plow the snow in winter.. If I croak my partner and grandson will have plenty of toys to play with.
Life is good.

 

[wickemite]

That used to be true of guns also, but may not be the case in Canada.

I fear the Liberals will come for our tractors soon. Doing their best to get them via the back door by pricing diesel over the moon with Taxes.

 

[CloverKnollFarms]

I’m glad we built our house in 2018… when the builder was lamenting how expensive construction materials had gotten… if I had waited, well… Id have regretted it. The prices never came down.