Posted by JDseller on September 30, 2012 at 21:16:05 from (208.126.196.144):
In Reply to: Vehicles-leasing vs. buying posted by Buckeye Oliver collector on September 30, 2012 at 19:55:59:
A car lease is a sucker bet for the car dealer/company. If you drive many miles at all you are always cheaper to buy the car. I have to laugh at the 3 year 20,000 mile leases. I drive 20,000 miles in a year to year and a half. The dealer/salesman can pack extra profit into the lease and still make it look like it will work on paper.
I have only leased one thing in my life. I did buy a JD 7000 corn planter on a lease in the mid 1980s. There was the investment credit on new equipment. I was not in a tax position to need/use the extra credit. So that lease did two things: 1) The down payment amount/first lease payment was less than the amount needed to buy it under a normal finance note. 2) Since JD got the investment credit the interest rate was much lower. So the total of the three years lease payments and the buy out was almost a $1000 less than a normal purchase and note.
At the end of the investment credit then a lease was always higher than just a conventional purchase and note.
In all of the years I sold JD equipment I only did one lease. Even then it was because the fellow was going through a divorce and did not want to build any equity in the piece for the lease term. The cost for a given term was always higher under the lease.
I have seen some equipment leased to match a bid term on government work. The contractor/bidder did not want to risk not getting the contract renewed and still owning the equipment. The contractor paid a pretty good premium for the ability to do that.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Tractor Profile: Allis-Chalmers Model G - by Staff. The first Allis-Chalmers Model G was produced in 1948 in Gasden, Alabama, and was designed for vegetable gardeners, small farms and landscape businesses. It is a small compact tractor that came with a complete line of implements especially tailored for its unique design. It featured a rear-mounted Continental N62 four-cylinder engine with a 2-3/8 x 3-1/2 inch bore and stroke. The rear-mounted engine provided traction for the rear wheels while at the same time gave the tractor operator a gre
... [Read Article]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
