Posted by ss55 on May 01, 2022 at 18:46:09 from (96.42.227.92):
In Reply to: Sell it or Keep it posted by JDB on May 01, 2022 at 16:29:42:
That would be an easy decision for me to sell it. Farm income and used tractor prices are very very high right now, that probably will not last another three years. A lot of other things can change in three years too. Keeping it become a burden that could prevent you from doing something different in the future.
I would not pay the extra 50 percent of the tractor's value only to have it become another thing that you can't use. Add up your DIRTI five costs to keep the tractor for three or more years: Depreciation; Interest (on the investment); Repairs (belts, batteries, hoses and fluids that it will need after three years of storage, plus any rodent or storm damage); Taxes; and Insurance, then add storage costs too (your dad deserves something for storing it for you).
If you are in love with this tractor and cannot imagine having a different tractor, or have money to burn, then keep it. Otherwise take plenty of pictures of it and sell it.
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