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Tractor Talk Discussion Forum

Do You Buy New or Used Vehicles?

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z145fergie

09-23-2004 11:01:03




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Unless I knew something about the car and previous owner, I've always bought new. I like to be the only owner/driver, breaking it in myself, doing all my own maintenance, etc. I've always believed that how a vehicle was treated during the first couple of years determined its eventual life expectancy. But I guess this matters only if you're going to keep the car/truck for the next 10 or 15 years. Heck, they'll all run for 30K miles regardless of how they're treated. I know you're taking that big hit on the first year's depreciation, but to me it was worth the peace of mind to buy new. What do you guys do? (I did buy my MF135 several years ago, previously owned of course- never regretted that one!!)

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B ian in NY

09-24-2004 07:16:42




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 Re: Do You Buy New or Used Vehicles? in reply to z145fergie, 09-23-2004 11:01:03  
If you don't know jack about cars and how to tell a good one from a bad one, you should probably buy a new one if you can afford it. IF you are a car nut like me and know cars inside and out, you can tell an abused car from a well maintained one. Buying a late model trade is the best way to get the most bang for your buck. Buy that with an extended warranty, the car is as good as new and you have a bunch of $ in your pocket. I have learned not to try to play the status game. It will leave you poor and disappointed.
I can't believe that you guys will wrench all winter on an old tractor but don't want to spend 1/2 an hour installing an oxygen sensor.
Oh well to each his own I guess.

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Nolan

09-24-2004 04:03:25




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 Re: Do You Buy New or Used Vehicles? in reply to z145fergie, 09-23-2004 11:01:03  
The most I've ever paid for a vehicle was $3,300. Buying habits like that keep me from affording a new vehicle.

That said, there are some really neat machines being made these days that I'd sure like to own. I've not wanted them enough to pony up the $30k or so it would take for me to get one though. But it comes close.



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RJ-AZ

09-23-2004 20:40:51




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 Re: Do You Buy New or Used Vehicles? in reply to z145fergie, 09-23-2004 11:01:03  
Cheaper the better for me. I bought a 65' Suburban in 1981 for $500.00 and still have it.
1972 Pinto Wagon in 1984 for $400.00
1975 Malibu for $800.00in 1988
1988 Crown Vic $2450.00 in 1994 1993 Lumina for @2800.00 in 2000
1988 Dodge Power Ram 50 for $800.00 in 2000
1988 Toyota Camry for $2850.00 in 2001

I run em all past the 2K mark then scrap em.



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TimV

09-23-2004 18:15:01




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 Re: Do You Buy New or Used Vehicles? in reply to z145fergie, 09-23-2004 11:01:03  
I"ve never owned a new vehicle, and I never will--I"d much rather let someone else pay for the initial depreciation and give it a "shake-down cruise". By the time I buy a vehicle it has proven itself to be reliable. Most vehicles I buy are ones that I know the history on, and so I know what"s been done to it and have some idea of how it has been driven and maintained. Also, this way you get around the problems with new vehicle "teething pains" and initial quality problems with a new model. I"ve never had a vehicle payment or set foot on a dealer"s lot--I buy all my rigs cash and from individuals. So far, it"s treated me well--nearly any vehicle these days should go 100,000+ miles without major repairs, and if you do regular preventative maintenace and don"t abuse your rigs, there"s no reason to take the initial depreciation hit of a new vehicle.

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Leland

09-23-2004 17:52:26




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 Re: Do You Buy New or Used Vehicles? in reply to z145fergie, 09-23-2004 11:01:03  
The best buy is a carry over dealer already ate 1st year. I bought a $20000 p-up for $12999 only bacause it sat all year on lot. It's still new and cheaper than 2 yr old ones on lot.



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RayP(MI)

09-23-2004 17:10:46




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 Re: Do You Buy New or Used Vehicles? in reply to z145fergie, 09-23-2004 11:01:03  
Well, with the price of new, I'll never be able to afford any! But here's a little different slant on used - I was just talking with a used dealer with whom I have a bit of confidence: There are a large number of rentals which are coming out on the used market, 2-3-4years old. They by contract, have to be serviced regularly, and there are penalties for extra miles beyond contract. What this means to the used buyer, is that there is a ready supply of cared for cars, usually in good shape, and not misused. Therefore the price on these used is fairly low. You cam buy cheap, drive 'em till they start nickle & dimeing you and dump 'em.

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TimS

09-24-2004 08:42:45




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 Re: Do You Buy New or Used Vehicles? in reply to RayP(MI), 09-23-2004 17:10:46  
I am not sure I would buy a previously rented car....I used to travel a lot for work, I know how folks treat rental cars, and it isn't pretty.



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Davis In SC

09-23-2004 14:42:10




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 Re: Do You Buy New or Used Vehicles? in reply to z145fergie, 09-23-2004 11:01:03  
My choice is New..... & here is my justification.. (Opinion) Many people lease or buy vehicles, only planning to keep them a few years. Knowing that, they drive them hard & do not take care of them, such as oil changes, etc. Also lemons get traded in soon..... I am sure there are some great used ones out there, but the way my luck runs, I would just get someone else's troubles... Regards, Davis

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Dave in GA

09-23-2004 14:24:24




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 Re: Do You Buy New or Used Vehicles? in reply to z145fergie, 09-23-2004 11:01:03  
I've never bought new. The prices are ridiculous, and the vehicles depreciate too much in the first 5-10 years. That's too much money down the drain. In addition, they are problematic with all of their electronics.

The newest vehicle we have is a 1990 Suburban which we bought used about 3 years ago. It's roomy for the kids and a decent tow vehicle, but otherwise I would rate the workmanship and materials as garbage. The headliner was already starting to sag when we got it. Why can't Chevy (or GM altogether) install a headliner that will last more than 10 years??? We had a 1983 Cadillac with the same silly problem. That lemon-of-a-car is another story for another time. The Suburban transmission didn't last 10 years without needing an overhaul. The air conditioning has been a persistent pain. The two front window motors are almost dead, and I understand they're a devil to replace. The original paint job was wearing off after about 7 years, according to the original owner. The radiator and water pump were leaking before the Suburban was 10 years old. A few months ago, the vehicle stranded my wife a good distance from home because the distributor module and pickup died.

Meanwhile, I drive a mostly-unrestored 1963 Buick 50 miles a day to work and back. The engine was rebuilt at 141k and it was repainted 2 years ago. It's a very reliable car and it's never stranded me. The Dynaflow tranny has never been rebuilt, and the original headliner is still perfectly intact. The windows will never die because they are hand crank, which I prefer. Gas mileage is decent enough to be a daily driver. This car cost me a whopping 2 grand about 13 years ago, and I could probably get 5-7 grand for it now.

The other car I drive a lot is a 1969 Buick, which has a similar story to the 1963. It's very reliable, fun to drive, and will only appriciate, not depreciate. There are no computers or sensors to malfunction. Both these old cars spend very little time in the shop. A guy was at NAPA a few weeks ago needing a starter for his late-model Ford diesel pickup. It was costing the guy about $250. Heck, if my old Buick starter dies, it's about $49.

I also drive a 1965 International 1-ton 4x4 on a regular basis. It's rock-solid and reliable. Insurance on these vehicles is about $180-per-vehicle each year, and annual tag/registration is $23 each. Unbeatable.

The neighbors frown because of the old vehicles in our driveway, but their newer cars, SUVs, mini vans are frequently back at the dealership or local garages having stupid repairs done, causing them lots of money and grief.

Our newest tractor (out of 6 total) is a 1938 Case, and the old iron has only reinforced my belief that new vehicles are unreliable and overpriced.

Just my opinion.

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Ben in KY

09-23-2004 14:04:29




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 Re: Do You Buy New or Used Vehicles? in reply to z145fergie, 09-23-2004 11:01:03  
Only buy used for personal use. Just can't see flushing that much money down the drian for status.
For business use that is another matter you have depreciation and such....



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big al

09-23-2004 13:53:06




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 Re: Do You Buy New or Used Vehicles? in reply to z145fergie, 09-23-2004 11:01:03  
used-why buy an iten that traditionally goes down in value 40% in the first three years of ownership? In addition the tax deduction is not a dollar for dollar match. I am happy driving something older and keeping my money in my pocket. But whatever floats your boat



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Mitchissippi

09-23-2004 14:15:42




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 Re: Do You Buy New or Used Vehicles? in reply to big al, 09-23-2004 13:53:06  
I have to agree with you. But, here's another angle. A fellow that has to finance one for 4 or 5 years and is planning on keeping the vehical for 5 or 6 years wouldn't be too concerned about how much it depreciates in the first few years. I have seen the time when a low monthly payment on a brand new one fit my budget better than the lowest payment I could get on a similar used vehical.



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JD 5020 guy

09-23-2004 13:13:18




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 Re: Do You Buy New or Used Vehicles? in reply to z145fergie, 09-23-2004 11:01:03  
I buy both used and new. It depends on the situation. I bought a 1995 Ford F-250 Powerstroke brand spanking new. I only use it for going to town when I have to haul things like lumber. I also pull trailers with it. My pickup has never been off road and never been used on the farm. It only has 52,000 miles on it and I plan on keeping it until I can afford a brand new pickup. I was thinking along your lines and wanted a pickup that nobody else had owned yet. However, I buy used for my other vehicles that I and the rest of my family use for going to town or going to the neighbors, or farmwork or just plain getting around. Our vehicles are used every day and get lots of wear and tear on them so I don't see the point of buying new.

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tax break on a new truck

09-23-2004 12:04:52




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 Re: Do You Buy New or Used Vehicles? in reply to z145fergie, 09-23-2004 11:01:03  
you fellers tell me how that works!!!!! !

i'd love a new F-350 4x4 diesel crewcab right about now. dammmm things is over 43K!!!!!

looks to me like i'll make this used one I bought a year ago last another 30 friggin years.



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Mike (WA)

09-23-2004 12:37:05




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 Re: Do You Buy New or Used Vehicles? in reply to tax break on a new truck, 09-23-2004 12:04:52  
The tax break is the same, new or used. If you buy a vehicle over 6,000 lbs. gross weight (I think thats the number), you can depreciate the whole thing for first year (at least to the extent it is used for business and your gross business income exceeds the price paid). The idea was to provide an incentive to businesses to buy delivery vehicles, etc.- but it doesn't say "truck", so that's why you see all the doctors and lawyers using a Ford Excursion, Lincoln Navigator, Sherman tank, etc. to go the post office. Methinks that using the tax break to rationalize buying new rather than used is just that- a rationalization.

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mud

09-23-2004 13:20:28




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 Re: Do You Buy New or Used Vehicles? in reply to Mike (WA), 09-23-2004 12:37:05  
thanks mike- although it still is clear as mud. mud



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rustyfarmall

09-23-2004 11:45:39




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 Re: Do You Buy New or Used Vehicles? in reply to z145fergie, 09-23-2004 11:01:03  
When you take a good look at the rebates, low interest, and other dealer incentives, buying new makes much more sense than used. Having said that I will also mention that the wife and I have just about had it up to here with all of the problems we have had lately with our new vehicles. I think maybe it's time to start looking for a 1970s something and rebuild it.



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Mitchissippi

09-23-2004 13:43:13




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 Maybe so, but . . . in reply to rustyfarmall, 09-23-2004 11:45:39  
We bought a 2001 Tarus in 2002. There was a brand new 2002 on the lot. The only major differences I could find in the two was the used one had 29,000 miles on it, leather seats, a tiny scratch on the dash, and it had been farted in twice. It was in a line with the program cars - but it was a local trade. We bought the used one for almost exactly $10,000 less than the sticker on the new one. I say each deal is different and it pays to shop around. Otherwise, they would package the new ones in boxes with the price written in 'em and that's what you'd give at the counter. Auto sales is structured to allow hagglin. The ones who haggle best, get the best deal. I'd venture to say that 80% of car shoppers are not good hagglers.

Mitch

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Dug

09-23-2004 18:40:16




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 Re: Maybe so, but . . . in reply to Mitchissippi, 09-23-2004 13:43:13  
Mitch,

I agree with everything you say, except with 29,000 miles I guarantee you the car was farted in more than twice!

Dug



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Mitchissippi - HeHe!

09-23-2004 19:01:08




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 Re: Maybe so, but . . . in reply to Dug, 09-23-2004 18:40:16  
Well, you know how them car salesmen are, he bound to've been lying about something!

I wondered if anybody would catch that.

Mitch



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Allan in NE

09-23-2004 14:13:22




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 Re: Maybe so, but . . . in reply to Mitchissippi, 09-23-2004 13:43:13  
Mitch,

Look at it this way; at least you got one that will hold a head gasket.

'Member all those 3.8 nightmares? :>)

Allan



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Mitchissippi

09-23-2004 14:24:05




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 Re: Maybe so, but . . . in reply to Allan in NE, 09-23-2004 14:13:22  
I heard the stories! Told the saleman that if I had any trouble, it was his to fix. Got in a round with the warranty and shop manageer at the same dealer a few years back. So far, I've had good luck throwing one he11 of fit down there from time to time. That's where I spend my money, and I guess they want my business because they seem to go out of their way to keep me somewhat happy. And that's why I always go back to them. I know the day is coming when I'll have to go on and buy one from across the street (like I keep saying I am) but for now I'm satisfied. I ain't married to 'em though!

Mitch

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Mitchissippi

09-23-2004 11:42:01




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 Re: Do You Buy New or Used Vehicles? in reply to z145fergie, 09-23-2004 11:01:03  
I've had very good luck, and saved a lot of money buying used vehicals. I may sling a rod tomorrow, but they've served me well so far.

For my wife, we've been buying one year old program (rental) cars, financing them for 5 years, driving them 6 months to a year after they are paid off, and trading them in on another one.

I bought a '94 pickup with 39000 miles on it (looked new) in '98. It has 191000 miles on it now and has had no major, and very little minor, work done on it. I don't baby it either. It gets the sh!t worked out of it. I average about 5000 miles between oil changes and if it gets washed twice a year, it feels special.

I do not get a tax break on the new ones, so a good used one is all I've been able to aford. And I do shop for them! I got within $400 of buying a new truck one time.

I'd love to be able to buy a new one.

An old neighbor told me one time "Rich folks make deals - Po folks make arrangements."

Mitch

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Indydirtfarmer

09-23-2004 11:10:41




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 Re: Do You Buy New or Used Vehicles? in reply to z145fergie, 09-23-2004 11:01:03  
Especially with the current tax incentives, it's a beeter tax break for new vs. used. I've bought a number of used tractors over the years, just because they were more within my price range. I'm shopping for a new tractor now in fact. There are millions of used ones that will do the job, but with the tax break, I can buy new, save the difference on federal taxs, and own a newer tractor. Trucks are much the same. When we buy a car for the wife, I will most likely look at a lease return, or whatever gives us the best bang for the buck. Most manufacturers are offering sales incentives on trucks, tractors, or what have you at this time. When I can get new for the same price in the long run, it doesn't take too long to figure out which way is the right way. All this wouldn't matter if I wasn't in the "self-employed farmer" status. The typical non-farmer doesn't get the same tax breaks, unless you own your own business. John

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Allan in NE

09-23-2004 11:08:19




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 Re: Do You Buy New or Used Vehicles? in reply to z145fergie, 09-23-2004 11:01:03  
Fergie,

I buy 'em new too, but in my case, it is 'cause I'm not bright enough to find a good used one.

Allan



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Mike M

09-23-2004 12:14:23




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 Re: Do You Buy New or Used Vehicles? in reply to Allan in NE, 09-23-2004 11:08:19  
I also thought you were haveing trouble finding a GOOD new one ?



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Allan in NE

09-23-2004 13:05:34




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 Re: Do You Buy New or Used Vehicles? in reply to Mike M, 09-23-2004 12:14:23  
Hi Mike,

LOL!

Yep, I was for awhile there. But, they finally got the darned thing straightened out.

We've had it home for two solid weeks now and nary a problem. I'm really impressed. :>)
third party image
But, now that darned red Yukon is in the hospital!
third party image
Nice part is that now I don't have to work on the darned things anymore! :>)

Allan

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Mike M

09-23-2004 16:40:35




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 Re: Do You Buy New or Used Vehicles? in reply to Allan in NE, 09-23-2004 13:05:34  
It's hard to get these dealers to help ! I know I'm working at one for now. What's up with that ceiling ? Get it covered ! Your walls look great ! LOL



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Allan in NE

09-23-2004 17:09:38




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 Re: Do You Buy New or Used Vehicles? in reply to Mike M, 09-23-2004 16:40:35  
Now Mike,

You are the guy I need to talk to. Whaddda want me to put up there?...I haven't got a clue.

I don't want to fight the darned sheet rock; been thinkin' about knotty pine, but can't decide.

What would you use?

Thanks,

Allan



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Mike M

09-24-2004 06:07:58




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 Re: Do You Buy New or Used Vehicles? in reply to Allan in NE, 09-23-2004 17:09:38  
This is one of those do as I say not as I do things. My garage ceiling looks just like yours. I ran out of money and wasn't going to do more until it started falling down.I'm not a big fan of drywall. I was thinking about using steel sideing panels ? I know a fellow that works at a vinyl sideing place and he used some kind of soffit or skirting panels. Looked really nice he did the walls and ceiling and also uses it for a paint room. I just had a brain storm ! Go to a salvage yard and buy up all the farmall hoods flatten them out and nail them up there. It would look fantastic,matches your tractor ?

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Hayman

09-23-2004 18:05:40




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 Re: Do You Buy New or Used Vehicles? in reply to Allan in NE, 09-23-2004 17:09:38  
You could rent a panel lifter.they work really well!



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JT

09-23-2004 13:19:57




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 Re: Do You Buy New or Used Vehicles? in reply to Allan in NE, 09-23-2004 13:05:34  
I am more impressed with the tractor :) You must proud of that one, I have seen it a couple of times with that van. The last new truck I bought was in 1979. I can't afford to buy a truck that costs more than my house. I have had my house for a little while, though. The last truck I bought was a 2000, in 2002, I am in heaven, F250 quad cab, P.S. plan on having it for quite some time.



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steveormary@zianet.com

09-23-2004 20:47:40




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 Re: Do You Buy New or Used Vehicles? in reply to JT, 09-23-2004 13:19:57  
Never bought new. Car,tractor or pickup. Wife has purchased 2 new cars.Dad purchased new cars and tractors. Also put up a new barn,a quonset and a new house.

As much as I liked to tinker with old tractors,if I had a small place to look after I would by new. Tractor that is.

steveormary



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