boatload - 9/1/2017 07:41
Every used combine on their lot is like a gold mine for them because of future repairs. I don't think the selling price of their used machines is a big deal if they can keep the machine local and do the future service work.
Saying that is like a dealer saying. Look at all those farmers with bins full of corn. They're going to make so much money. Pricing used combines and corn is like catching a fall knife right now. Say the average combine repair bill is 20k per year and they net 10%. $2000 doesn't go very far when a lot of combines got written down 20% to get sold and the ones that didn't are still on the lot collecting more interest payments. I'm not defending them I'm just saying they're no way they're a gold mine they are debt anchors that they are trying to unload. |