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Switching from Green tractors to Red Used.
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Kooiker
Posted 5/24/2019 08:05 (#7517343 - in reply to #7517326)
Subject: RE: Switching from Green tractors to Red Used.



pilgrim - 5/24/2019 07:59

When you compound the interest on that 13,000 over the years of ownership there is no way the green was less.





AMEN!!!!!!!!!!!!!!!!!!!!!!!!


Especially when you consider the time frame.  

At the peak of interest rates that extra $13,000 cost an extra $2000 per year in interest alone.



 Edit to add, the online inflation calculator I found puts the value of $13,000 in 1981 equal to $31,640 in 2008
 





Edited by Kooiker 5/24/2019 08:10
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