Do farmers leasing a new combine have a lower Cost/Acre than Used Combine owners?
Dad and I Found that John Deere has a ton (30+) combines listed at one dealer which all are 1-2yrs old with no more than 500 hrs on any of them.
What we are discussing and I'd like to bring it to discussion on here is that were these combines being used at a lower cost per acre for the first user than the second or possible third?
I am sure this could reach responses from new and used owners/renters.
It’s all relevant to your numbers. I mean if you’re leasing a 500 machine is there warranty still attached with parts and labor covered from...More
Am I looking at that wrong? Let’s say the combine is $250,000. A 3yr lease might run around $50-54k depending on interest & residual. Same m...More
$40-50k a year for a combine? Just buy a 5-7 year old machine and use the money you saved for working capital and repairs.
Works for us, bu...More
Been my dads philosophy on equipment. Why pay for new when you can pay and own older a lot quicker. Keep debt low as possible.
You are talking lease with option to buy sort of deal? Or more of a yearly lease and a different combine each year?
Each is available fo...More
**’s “walk away leases” have come up short. That is why the new dealer contract has specified for many, that if the value at the end of the...More
I also wonder if the push for leases on brand new vs purchase is dealers way of trying (and failing) to push new equipment out since they ra...More
Leasing Case 8250s for 58k a year for 400 sep hours full warranty the term of lease get new one every 3 years on our 2nd round.
That sounds like a good deal.
Sounds too good to be true
Nope it’s true case has great leasing programs
Is that with or without header?
So you are harvesting about 6400 acre with that one machine ?
For the last few years, I've been trading my 2 yr old machine for a one yr old machine every year. It's been costing 58 to 62 K every year, ...More
Where is this dealer that has 30+ combines with 500 hrs?
My perspective is the same for farm equipment as it is a pickup truck, if it is mechanically sound and it does what you ask it to, what's th...More
Ultimately it comes down to 3 things.
1) Cash flow/equity. Can you make payments every year? Can you increase those costs 10% and still co...More
I recommend never leasing a combine. Cashflow in farming is very up and down. Why put that extra stress on your wallet? I'd recommended buyi...More
Use a net present value of cashflows calculator to determine lease vs buy. It is just numbers. After that it's a cashflow and investment d...More
I find if you're not buying new, you shouldn't buy a high priced 1 or 2 year old machine with 500 hours. In my opinion anyway. The'free' ho...More
Good question, I have always owned and always purchased newer used. Just makes sense to me and the last two combines I checked out leasing ...More
How did/do you get rid of your current machine if your updating from auctions? Have you taken a lesser value for your older machine doing it...More
I have two 20 year old Lexions each with over 4000 seperator hours. been good machines but one of them has frame cracks and fatigue on the ...More
Leasing is great if you are going to wear it out completely because if you keep it and do a buyout you will get screwed when you trade it in...More