Tractor lots are full

[tacticalturnip]

The gray market imports had some funky colors. The official US imports were black and red.

The picture links to the ad.

Isn't it beautiful?

 

[tacticalturnip]

Yes it is.
I have too many unfinished projects and if I cannot get parts even less interest.
Everything is too expensive.

You're right about that.

I see you're over in Mount Vernon, my first real girlfriend was from there. Lovely town.

 

[2manyrocks]

The picture links to the ad.

Isn't it beautiful?

The ad says its a YM155d that has been repainted. That's a domestic model for the US market with the wrong paint. Should have a Yanmar red hood and fenders.

 

[DonaldP]

Capital One has told all dealerships; car, boat, tractor, etc that they are exiting the floorplan business. Think about that, Capital One, a company that has huge interest rate margin is getting burned so bad they have to exit.

Someone else will fill the space, but it will cost a lot more to secure floorplan financing. That will trickle down to higher costs on the physical asset.

The fed told everyone in 2021 to buy long duration treasury notes because inflation was "transitory" and everyone listened. Well we know how transitory it was and all these companies are holding long duration bonds that are about worthless with higher interest rates. The preservation of capital is now well underway for business...the problem is dealerships ordered huge inventory for anticipated demand that is failing to materialize.

It's going to get spicy in the next few months. The fall is typically when seasonal demand dries up and the recessions start.

This was my feeling exactly last year. I'm very lucky.

Due to some issues with Whites Farm supply in Canastota NY taking in my Kubota L3560 for service at about 250 hours...

We'll long story short they crashed the tractor, damaging it for about $6000. Mostly cosmetic. Of course they said it never happened.

So kubota offered me $5000 toward a new Kubota L4060... I talked about it. Inventory was scarce then. I had to wait. Maybe, they said... up to a year. And in the year they couldn't hold the price nor the 0% Financing.

So I decided I would spend the $3500 on a two year warranty instead. Keeping the unit and getting air seat upgrade as well.

Glad I did... the unit increased about $10,000 over what I paid in about a year. Now it's up by about $15,000.

They are available if I want one... but not at the inflated prices they want. It's difficult to decide how much appetite we have for joining in and playing the inflation game.

I had to replace a pickup (1 of 2 that I own -I bought both new in 2009/2010. For about $30,000).

They are about $55k to $60k now. About $950/month or more. And were I to have to replace the other truck soon... I could be in a heap of trouble at:

$70k for a the new Kubota
$120k for 2 new pickups as well (spouse gets 1 too, or I would have an extremely long "honey do" list...).

That's about $200k... that's fair priced house here in Central New York.

So I got a 2017 Pickup(2500HD) with a few dents and NO rust for 18,000 via an auction.

It's a risk, but with a $42,000 savings over new... at least I'm not participating in the inflation arena just yet.

Everyone needs to choose wisely here. Any move you make can have major affects down the road.

I chose for some space while minimizing my exposure.

 

[Torvy]

I've been watching for JD and kubota. I've lowered my sights to RK and Mahindra. Now I just figured to give up altogether till I find a used deal reasonably enough.

I live on north Alabama.

If you are considering RK, I would look harder at TYM. They make 100% of RK tractors and have dealers in N. Alabama. I think you will find little difference technically between the high priced brands and TYM. The dealership is the advantage and that is locally dependent.

 

[2manyrocks]

Expanding on Torvy's post....

A good dealer with a good service department will help you keep your tractor running with the least hassle and expense. Buying something from a retailer who doesn't have a service department may mean that they'll either send you elsewhere to a mechanic or you are on your own when it comes to repair service. Dealers with service departments may not like servicing tractors bought from retail outlets because the retail outlets cut the dealers out of sales.

I'd also say that buying a tractor that has a lot of unit sales will more likely mean that parts will continue to be available in the future. If there are more of those models in operation, the more likely parts support will continue than if there are few models of that tractor sold and not much of any monetary incentive to support them.

 

[plastikosmd]

“Everything is expensive “

I’m sitting here reading this thread and my wife is talking with her sister on the phone about a new store in town selling 5$ cookies. (She bought 3 and paid 17$)

….and people continue to pay

 

[AndyMA]

I think this Bidenflation is pricing everything out of peoples reach!

Wrong
Looking at the most recent monthly inflation numbers, more than a dozen OECD members had a higher inflation rate than the United States’ 8.6%. These were predominantly Baltic and Eastern European nations, which have been hit especially hard by the consequences of Putin’s invasion of Ukraine.

But a larger number of OECD members had inflation rates lower than 8.6%, and these include all but one member of the G-7 group, which is limited to the world’s very largest democratic economies.

Among the G-7 nations, Germany’s most recent inflation rate was 7.9%, the United Kingdom’s was 7.8%, Italy’s and Canada’s were 6.8%, and France’s was 5.2%. (The final G-7 member, Japan, hasn’t released current inflation numbers.)

 

[5030]

The ad says its a YM155d that has been repainted. That's a domestic model for the US market with the wrong paint. Should have a Yanmar red hood and fenders.

Nothing beats the '5 gallon finish' they say. Sure looks like it could have used some bondo on the hood as well. Probably pained right over the dried on grease as well.

 

[rScotty]

Expanding on Torvy's post....

A good dealer with a good service department will help you keep your tractor running with the least hassle and expense. Buying something from a retailer who doesn't have a service department may mean that they'll either send you elsewhere to a mechanic or you are on your own when it comes to repair service. Dealers with service departments may not like servicing tractors bought from retail outlets because the retail outlets cut the dealers out of sales.

I'd also say that buying a tractor that has a lot of unit sales will more likely mean that parts will continue to be available in the future. If there are more of those models in operation, the more likely parts support will continue than if there are few models of that tractor sold and not much of any monetary incentive to support them.

That line of reasoning is based on an assumption that utility tractors will need the type of repair that requires a dealer. That is only an assumption, and I'm not at all sure it is correct.

From my reading in TBN, after the warranty is over most tractors don't require anything at all from the dealer. With minimal maintenance and checking the fluids, tractors tend to go for many years with no need for a dealer.

 

[5030]

That line of reasoning is based on an assumption that utility tractors will need the type of repair that requires a dealer. That is only an assumption, and I'm not at all sure it is correct.

From my reading in TBN, after the warranty is over most tractors don't require anything at all from the dealer. With minimal maintenance and checking the fluids, tractors tend to go for many years with no need for a dealer.

Things do wear out however and some of them do require dealer intervention, especially when they require specialized tools to fix.

 

[Oldtoad]

Wrong
..............

Dude, time to check out Shadow Statistics. Shadow Government Statistics - Home Page
Our real inflation is likely twice what the goobermint says.

Need to bleed out the air on a new bucket cylinder.

 

[5030]

Dude, time to check out Shadow Statistics. Shadow Government Statistics - Home Page
Our real inflation is likely twice what the goobermint says.

Need to bleed out the air on a new bucket cylinder.

All one has to do is pay a visit to the Supermarket to ascertain that.

 

[tacticalturnip]

Ah, thanks Andy, I'll stop complaining about inflation because other countries are worse off.

I wonder what the inflation numbers would be if we hadn't changed how they're measured?

 

[tacticalturnip]

That line of reasoning is based on an assumption that utility tractors will need the type of repair that requires a dealer. That is only an assumption, and I'm not at all sure it is correct.

From my reading in TBN, after the warranty is over most tractors don't require anything at all from the dealer. With minimal maintenance and checking the fluids, tractors tend to go for many years with no need for a dealer.

Just in what I've experienced, and what I've seen here, it seems like if a machine will need warranty work it'll be within the first few months. Obviously there are exceptions to that, but I'd argue a dealer is important from the outset, and that the importance will wane as time goes on.

 

[2manyrocks]

I spent two days tracking down brake shaft seals for my 20 year old Mahindra with less than 800 hours that show no longer available on the Mahindra parts website. One dealer's parts had a newbie that couldn't look up the part. Another dealer parts department mistook the brake seal for an axle seal. The third dealer's parts dept. got it right and found the new substitute part number in about a minute.

In my situation, I don't think I can handle pulling the rear tire that weighs 460 lbs with ballast, much less do I know how to replace the seals (there are two on the shaft) that are leaking gear oil. Dealer's quote to replace those seals $2,000 plus transportation both ways.

40 year old Yanmar with 1,004 hours still tight and leak free.

Buying a lesser tier tractor may save some money up front, but those savings can disappear in time and money later on.

 

[DK35vince]

“Everything is expensive “

I’m sitting here reading this thread and my wife is talking with her sister on the phone about a new store in town selling 5$ cookies. (She bought 3 and paid 17$)

….and people continue to pay

Your not kidding.
I need some 3" PVC schedule 40 pipe.
I'm still in sticker shock.
Prices of everything here has gone through the roof. Everything !!

Post all the 8% inflation numbers you want.
That is FAR, FAR from what I'm seeing here the past 2+ years.
Our electric rates increased 45% last June.
Our water bill increased 25% last June.
Our groceries are up 25%
Our gas prices are still up 40%
Our propane/heating bill is up 90%.
The list goes on and on. Everything is much higher in price.
All from what I was paying just a few years ago.
Yet my pay scale remains the same

 

[rScotty]

I spent two days tracking down brake shaft seals for my 20 year old Mahindra with less than 800 hours that show no longer available on the Mahindra parts website. One dealer's parts had a newbie that couldn't look up the part. Another dealer parts department mistook the brake seal for an axle seal. The third dealer's parts dept. got it right and found the new substitute part number in about a minute.

In my situation, I don't think I can handle pulling the rear tire that weighs 460 lbs with ballast, much less do I know how to replace the seals (there are two on the shaft) that are leaking gear oil. Dealer's quote to replace those seals $2,000 plus transportation both ways.

40 year old Yanmar with 1,004 hours still tight and leak free.

Buying a lesser tier tractor may save some money up front, but those savings can disappear in time and money later on.

I've followed Yanmar since a friend sold his wheat farm to buy a Yanmar dealership back about 1980. They were top of the line in quality and dealership backing - and were priced with - or even above - the most expensive tractors on the market.... those being JDs of course. Kubota hadn't yet made the move to quality at that time. 40 years later those old Yanmars are doing fine and enjoy a cult following. They still don't need much.

All tractors have axle seals - those seals all have similar lubrication and nothing the operator can do is going to abuse an axle seal enough to make it leak. The only difference is in the initial quality. And there the difference is huge. Better seals cost more to the manufacturerand ultimately to the consumer.
But a good quality axle seal is good for half a century or more....easy.,

My takeaway is the same as any tool. Quality costs more. Buy the best one you can find and expect it to last a lifetime.

rScotty

 

[airbiscuit]

I just saw that Taylor Swift concert tickets are going for $40,000 on the resale market. Phew

 

[scootr]

I just saw that Taylor Swift concert tickets are going for $40,000 on the resale market. Phew

Are you kidding me!? I would not pay that much to _ her.