I'm not saying to get a loan for the $250,000 machine and buy a $25,000 machine. What I'm saying is that if the people in charge knew their head from a hole in the ground when it came to many of the items they were asked to loan on they would have to change their whole way of thinking. Look at it this way, what would you rather have on your books in the way of a defaulted loan, a portion of $25,000 or an even larger portion of $250,000. Granted equipment tends to hold it's value, but just like a new car, a $250,000 machine is going to lose alarge porton of it's value within the first year while a $25,000 machine is going to retain it's value. How do you think guys buy a machine to clear their land and then resell it for exactly what they bought it for? heck if a major repair like an engine or transmission rebuild was done you can often get at least a portion of that cost back, over and above the origional purchase price, if you find the right buyer.
What it comes down to is like I said, anybody with a grain of sense about equipment knows a deal when they see it, they don't have to look at a book to know what they are looking at. On the other hand the people in charge of giving the loan, to help those guys get the deal, only know how to read a book, and as such do not have a clue, and are nothing but what my Great Grandma used to call an 'educated idiot'...........
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
