New stuff has to keep going up in price to keep value in the used market. Hasn't been the same inflation in automotive that there has in ag machinery. My 03 farm truck was $44000 in 2003, I checked this week and with the black Friday deals I could buy the same 2016 truck for $45000. Not sure exactly the numbers in ag but I bet in that same time period the ag stuff has almost tripled.
I buy mostly good used equipment if you only keep it a couple years with a little luck we've been able to keep revolving it without much actual depreciation cost. Biggest problem is when you keep it too long or have big mechanical issues.
I buy mostly good used equipment if you only keep it a couple years with a little luck we've been able to keep revolving it without much actual depreciation cost. Biggest problem is when you keep it too long or have big mechanical issues.
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