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6 years ago.. beans were worth twice as much.
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JonSCKs
Posted 8/21/2018 09:59 (#6941398 - in reply to #6941050)
Subject: What about all the equipment leases?


Don't think tractor parts are high on the list on what have got folks bottom line bleeding like a stuck pig.

Are you sure about that?  Cause I've heard a few deals where guys have traded in equity on equipment to do a lease which if they can't pay.. the whole tractor/combine goes back.. equity and all..

That's why I won't do them.. but some dealerships apparently have built their business model around doing these to the younger operations.. and UGLY.. they sound truly UGLY when they go bad.

Paid for equipment as a down payment.. "attractive as needed" lease payments with a buyout to the moon.. or heck just do another lease..

Basically a Reverse mortgage on a house is how it looks to me.. only on equipment.  Sometime in the future.. you can't do it anymore..  like.. now?

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