jcmseven
Veteran Member
Yes, I agree. And what it does to those folks (like me) who tend to trade often is really make us think about when we trade and whether it is a good idea. As I have noted in previous postings, I am guilty of buying machinery to fill a specific need which I have at the time. Frequently, either the job is done more quickly than I thought or my need changes and I would be "stuck" with something I really do not need. Fortunately, I have had the financial wherewithall to be able to trade into different machines, but it definitely is a losing monetary proposition. The problem I have seen is that the new machines can now be had for so little and prolonged finance terms, that off the top, many folks wanting to by used either go new or want the seller to finance them themselves. I sold my dad's 757 last year to a friend who is a good guy. He got a great deal, but even then he wanted a prolonged period to pay the machine off due to the fact that otherwise he could have gone to the local dealer and done almost as well on a new one. He is a friend, trustworthy, and I did not need the money right at the time so the deal turned out OK for the both of us. This, of course, does not always happen that way. Therefore, I have mentioned to posters who buy with an intent to trade into a different machine relatively soon that this might be a bad idea.
John M
John M