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Alex, A 2040 with a loader was about 18,000 new 20 years ago. Fifty per cent depreciation may not be enough, i.e. -- it may be a little high -- but at 1650 hours it certainly doesn't have a lot of wear. Did the old tires just dry rot? They surely weren't used hard? A lot of 2040's had Canadian JD 143 loaders. That bucket cylinder tends to leak. I'm guessing it was made about 1980 -- during the period Carter and Vokker gave us "economic malaise" and 15 per cent inflation rates. Our dollar inflated versus other currencies and made imports really cheap -- and screwed up a lot of American jobs. JD is the largest tractor builder in Germany at their Mannheim plant. The smart play then would have been to build it at Deutsch Mark prices and bring it here and sell it at inflated US Dollar prices. I wouldn't worry about the German plate. It's legit JD, just Mannheim JD. JD's tend to hold their value well. So if you get it and keep it for a lot of years, you probably won't get stung. With an older machine or another brand, you might get a comparable setup for 5 to 7K -- although it's likely to have more hours on it, and another brand might not have the parts support you get with JD. If you wait till this Fall, JD credit might get competitive and offer 0 per cent financing on a comparable new one for about 25 to 30K. Then you get a Yanmar with a Japanese plate on it. All in all, the 2040 is not too bad of a deal. Best of luck in your choice. Steve
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