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Trade off Paid for tractor to apply toward lease payments?
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Pitt
Posted 12/7/2018 07:51 (#7154901 - in reply to #7154836)
Subject: RE: Trade off Paid for tractor to apply toward lease payments?


Starbuck Manitoba Canada
Its always nice to run new equipment, BUT it comes with a cost. Do you have a full time job and farm on the side? If this is the case than down time is not a good option,
The older 4WD is cheap horse power if it is in good shape, especially if you plan to expand in the next few years.
I have not leased but am told that the dealer will go through the return lease with a fine tooth comb and if anything is not right you get charged for it. Someone with lease experience should weigh in here.

The older CIH MFWD were very dependable tractors and usually run to the 12000-15000 hour range without to much repair assuming good maintenance. So at 6000 hours it is just getting broken in. HAHAHA But seriously tires and what ever minor repairs are cheaper than the lease.

Would the second MFWD be able to do the tillage? If so maybe that is the best option then you have a great backup tractor. Don't forget even the new tractors have there issues and you have to rely on a service call to fix darn near everything especially to avoid warranty.

Equipment is a depreciating asset, and land for the most part is an appreciating asset.
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