ducati996
Banned
</font><font color="blue" class="small">( </font><font color="blueclass=small">( .. I chuckle when I hear this - How do you define resale value?
If the comparable item from another mfg is at least $2500 more, I guess its resale should be higher...)</font>
I wouldn't call it my 'definition', but for example: You purchase a JD product comparable to a CC 3K series. Lets say you pay ~$7K for it brand-new. Use it for ~5yrs and you can still sell it for $4-5K. You can recoup most of your money. I've been there before. Can you get recoup ~70% of your money from a 5yr old CC 3K series? Nope. I'm with you though, I'd rather keep the cash in pocket which is why I dont have a green/yellow & love my CC!
Joel )</font>
Thats assuming yours or my figures are correct. what was last years model equivilant series Gx335 which sold for around $7800-$8200. Cub was selling at or under $5200 (3100 with deck)...already $2600 to $3000 higher than cub. 5 year old 3000 series cubs sell at least 50%, looking at ebay you see 12 year old cub selling at 50% retail. I personally wouldnt pay 70% retail value on a 5 year old machine -regardless of brand. I dont see them locally (Deere) going that high. Its not to say it dosent happen, all that means is someone paid too much....Going back to the math equation lets say 60% deere and 50% Cub in 5 years. So you loose $2600 (50% of $5200 value minus difference) for Cub and $3280 (60% of 8200 value minus difference) for deere. Dont forget it costs an additional $3000 (price difference when new between Cub and Deere), in order to lose that $3280...
To me resale value is best seen when you have two simliar priced and valued items. Given a set period of time, and one is commanding more money over the other but both are in similair conditions. Thats resale value to me...another example is selling the item at the same price you paid for it, only a set number of years later...
Dont get me wrong - I like Deere and have a nice green machine myself. I can get what I paid for it today (and that was 3 years ago). But I never paid the inflated retail price, so im not losing anything on depreciation...
Just my take on things
Duc
If the comparable item from another mfg is at least $2500 more, I guess its resale should be higher...)</font>
I wouldn't call it my 'definition', but for example: You purchase a JD product comparable to a CC 3K series. Lets say you pay ~$7K for it brand-new. Use it for ~5yrs and you can still sell it for $4-5K. You can recoup most of your money. I've been there before. Can you get recoup ~70% of your money from a 5yr old CC 3K series? Nope. I'm with you though, I'd rather keep the cash in pocket which is why I dont have a green/yellow & love my CC!
Joel )</font>
Thats assuming yours or my figures are correct. what was last years model equivilant series Gx335 which sold for around $7800-$8200. Cub was selling at or under $5200 (3100 with deck)...already $2600 to $3000 higher than cub. 5 year old 3000 series cubs sell at least 50%, looking at ebay you see 12 year old cub selling at 50% retail. I personally wouldnt pay 70% retail value on a 5 year old machine -regardless of brand. I dont see them locally (Deere) going that high. Its not to say it dosent happen, all that means is someone paid too much....Going back to the math equation lets say 60% deere and 50% Cub in 5 years. So you loose $2600 (50% of $5200 value minus difference) for Cub and $3280 (60% of 8200 value minus difference) for deere. Dont forget it costs an additional $3000 (price difference when new between Cub and Deere), in order to lose that $3280...
To me resale value is best seen when you have two simliar priced and valued items. Given a set period of time, and one is commanding more money over the other but both are in similair conditions. Thats resale value to me...another example is selling the item at the same price you paid for it, only a set number of years later...
Dont get me wrong - I like Deere and have a nice green machine myself. I can get what I paid for it today (and that was 3 years ago). But I never paid the inflated retail price, so im not losing anything on depreciation...
Just my take on things
Duc
