[quote]Ever calculate the financial bath auto manufactures were taking on lease returns? Somebody paying $5000 over two years on a $40,000 vehicle[/quote]
Yes it does seem outrageous, but in truth the $40,000 is really just a fictional number the public uses to compare ownership to lease value.
Take the GM Suburban for example, the retail worth of the vehicle may be $40,000 but in reality it cost roughly less than half that to produce it.
Once the vehicle is turned in we could expect that this 2 or 3 year old vehicle would sell for $25,000 which again is still more than the original cost to produce it.
Of course the future projected worth of the asset is subject to market fluctuations, but all in all, the market has been rather stable until we got hit with $4.50 gallon gas.
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Today's Featured Article - New Hitches For Your Old Tractor - by Chris Pratt. For this article, we are going to make the irrational and unlikely assumption that you purchased an older tractor that is in tip top shape and needs no immediate repairs other than an oil change and a good bath. To the newcomer planning to restore the machine, this means you have everything you need for the moment (something to sit in the shop and just look at for awhile while you read the books). To the newcomer that wants to get out and use the machine for field work, you may have already hit a major roadblock. That is the dreaded "proprietary hitch". With the exception of the
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one 8n and one 9n tractor. totaly restored,pretty much everything is new. one 6ft blade good shape.
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