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I certainly do understand current tractor pricing/valuation.
34 months ago I bought a 2006, 251 hour Kubota L48 TLB from an original owner, for $32K.
I did not need a loan!
The HST L48 looks nearly new, ( I repainted the wheels and ROPS hat ) and has a hyd. thumb, Q/A loader bucket, Q/C hoe bucket, 3 rear remotes, a hyd. lock/unock system for the loader bucket, and 3rd function.
All the bells & whistles.
From what I can determine through comparables ( there actually has not been a true comparable sold that I have been able to find ), I estimate the current value of my L48 TLB to be in excess of $42K.
A $10K+ value increase equals 31% over 34 months.
I very seriously doubt that I could have made a better tax free investment, anywhere!
And.......I have had the physical use of that investment, readily available for me to play with, for the entire 34 months.
My adult children will likely be the ones to eventually sell it........not me!
A heavy equipment owner friend jokingly says I "stole it".
(seller had original documentation)
Who doesn't love a good tractor deal?