no, lets use your own figures ,that old machine is worth the 25000,NOT the 250,000 to a banker. if thats the current asking price,a rebuilt machine is still in their reconing a 25000 dollar machine,simply because they are not in the equipment buisness.they have to sell it as quickly as possible to get it off the books.if they look in a book or at the market and the majority of the machines are selling for 25k thats the price they go by. speciality machines or ones of special user value has no bearing on the price.if you borrow 250K for a new machine,take that money and buy a older 25K machine your liable to go to jail if you cant produce one if worst came to worse.
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Today's Featured Article - Seeing an Old Friend - by Joe Evans. Dad had a concrete contracting business starting in 1960. One of his first pieces of equipment was a Ferguson TO-35 with a Davis loader. Dad replaced the TO-35 with a MF 202 Workbull, essentially an industrialized Ferguson 35 I am told. Dad bought the 202 new in 1962, and I recall quite clearly going to the dealer with him to sign for it.
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