SC Montana where General Custer should've stopped | Some of these guys took several generations of equity in their machinery and started trading and got into these lease programs and every few years get a new machine. Now the buyouts are so high it is easier to just roll into another new machine. When this commodity bubble resets or gets ugly I will gaurantee JD, CIH, NH and other large companies that offer these in house programs will be sweating. I think the used inventories are high right now but apparently they are able to sustain thes high priced new and used machinery sales. Their will be some pain someday. I like having my net worth based on the land I own and the cow herd I have built, not a yard full of paint. We have lots of new machinery but we run multi color and we use that leverage to continue to make good deals. I vow not to work for the tractor manufacturer finance company. You must let your will overide your wants and use caution. We have a tractor dealer in our yard once a week looking around licking their lips but once they realize how we put this thing together it makes more sense. |
How do you afford expensive tractors / machinery?
