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Used Cars Worth More than New Cars
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Nov 5, 2022 10:42:50   #
jerryc41 Loc: Catskill Mts of NY
 
With all the problems in the world now, car prices have shot up. Here are ten used cars that are worth more than what they sold for new.

https://www.familyhandyman.com/list/these-cars-are-worth-more-used-than-new/?_cmp=diytipshintsnl&_ebid=diytipshintsnl1152022&_mid=548089&ehid=73A5119F6D6B55A335D41D8BD7D8D335A74FB2CE&_PermHash=bd21b40cef185e699339cb565fc5ad1ad6a80355db458b2059b848bd83716669&tohMagStatus=NONE

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Nov 5, 2022 19:16:29   #
RiJoRi Loc: Sandy Ridge, NC
 
Has the value of the vehicle gone up, or has the value of the dollar dropped? 🤔

--Rich

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Nov 5, 2022 20:07:13   #
DirtFarmer Loc: Escaped from the NYC area, back to MA
 
I bought several tractors over the course of my farm experience. Every used tractor I bought cost me more than it cost the original owner new. That's mainly because I bought tractors that were fairly old but models that stood the test of time. Inflation (and feature creep) has raised the cost of new tractors significantly, so the price of a new tractor has skyrocketed.

Tractors have an advantage over cars in that the good ones are built to last. And farmers are willing to use them with dents and scratches and worse. Due to the tractor price structure, the cost of a tractor is not the capital expense, but the maintenance. Parts for good tractors continue to be made far after that model car has depleted even the junkyard stock. I had one tractor that was produced from 1937 until about 1952. I could still get parts for it from the dealer (in the '90s). Parts for cars from that era are limited to antique dealers.

OTOH, the first tractor I bought was new, but not the top of the line model. 25 years later the engine had some problems and parts were not available for my model although they were available for the top of the line version.

Don't go getting any ideas. Tractors will not function well as a family vehicle. Top speed for most tractors is limited by law to 18 mph. They have no suspension: the axle comes directly out of the transmission, which forms the body of the tractor. No springs. No shocks. The only way to get a comfortable ride is to use the tires at around 5-10psi. Tractor tires can cost up to $1500 apiece (probably more these days). And they are one passenger models. The only way to carry groceries home is to have a trailer or a loader on the front. Many states allow tractors to use the road for limited distance between agricultural fields, but registration is required for longer distances. And that's a problem for states that require inspection for registered vehicles since vehicular inspection is not designed for tractors.

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Nov 6, 2022 08:15:43   #
jerryc41 Loc: Catskill Mts of NY
 
RiJoRi wrote:
Has the value of the vehicle gone up, or has the value of the dollar dropped? 🤔

--Rich


Up, not down.

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Nov 6, 2022 08:16:21   #
AirWalter Loc: Tipp City, Ohio
 


I have a question about car 9. I thought "Boss" was a Ford, and that emblem on the rear sure looks like a "Mustang" emblem.

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Nov 6, 2022 10:04:06   #
StanMac Loc: Tennessee
 
They lost me when they showed a C3 Corvette for the 2020 Stingray - That blew their credibility outta the water.

Stan

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Nov 6, 2022 10:24:47   #
sippyjug104 Loc: Missouri
 
We live in a world of government-issued fiat currency. It has nothing to back it up other than the faith that it will be accepted as payment for all debts public and private. It is the polar opposite of currency backed up by the gold standard.

The value of fiat money is dependent on how a country’s economy is performing, how the country is governing itself, and the effects of these factors on interest rates. A country experiencing political instability is likely to have a weakened currency and inflated commodity prices, making it hard for people to buy products they may need.

The distinct disadvantage to government-issued fiat currency is that the potential supply is unlimited and the more of it that is issued the more it decreases its value. Hence, it takes more fiat money to buy the same goods, and services than it did previously.

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Nov 6, 2022 11:09:24   #
G. Crook Loc: Linden, TX
 
My tractors are governed to a top speed of 25 mph. They also have a jump seat. The main seats have air ride suspensions so are not uncomfortable to ride on. To my knowledge, Texas has no requirements to register any farm equipment that goes longer distances on the highways ( some of the fields we contract harvest are 10-15 miles apart and it is more economical time wise to drive rather than haul over the road). Federal law does, however, require a “slow moving vehicle” placard on all farm vehicles moved on public roadways.

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Nov 6, 2022 11:19:00   #
DirtFarmer Loc: Escaped from the NYC area, back to MA
 
G. Crook wrote:
...To my knowledge, Texas has no requirements to register any farm equipment that goes longer distances on the highways ( some of the fields we contract harvest are 10-15 miles apart and it is more economical time wise to drive rather than haul over the road). Federal law does, however, require a “slow moving vehicle” placard on all farm vehicles moved on public roadways.


When I started farming in MA, I could drive my tractor unregistered on the road for 1/2 mile. I was working a field 3 miles away. The police station was located on the road between the fields. A few years after I started they increased that to 10 miles. I bought better land 1 mile away, but shared equipment with another farm about 3 miles in a different direction. I considered renting a square foot here and there that were less than 1/2 mile apart so I could drive to those parcels on the way to the one I needed to get to, but the state made that unnecessary.

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Nov 6, 2022 12:01:25   #
clickety
 
G. Crook wrote:
My tractors are governed to a top speed of 25 mph. They also have a jump seat. The main seats have air ride suspensions so are not uncomfortable to ride on. To my knowledge, Texas has no requirements to register any farm equipment that goes longer distances on the highways ( some of the fields we contract harvest are 10-15 miles apart and it is more economical time wise to drive rather than haul over the road). Federal law does, however, require a “slow moving vehicle” placard on all farm vehicles moved on public roadways.
My tractors are governed to a top speed of 25 mph.... (show quote)


That OP routinely spouts inaccurate gibberish, such as this post. He is under the delusion that a username equates to expertise in all matters agricultural.

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Nov 6, 2022 13:34:48   #
nobody13579
 
AirWalter wrote:
I have a question about car 9. I thought "Boss" was a Ford, and that emblem on the rear sure looks like a "Mustang" emblem.



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Nov 6, 2022 13:35:08   #
nobody13579
 
StanMac wrote:
They lost me when they showed a C3 Corvette for the 2020 Stingray - That blew their credibility outta the water.

Stan



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Nov 6, 2022 14:02:53   #
G. Crook Loc: Linden, TX
 
Clickity, WOW! Just stating from what I know from personal daily usage. Man, you need to get a life. Come visit me in east Texas and I will show you what I know. As for all things agricultural? You are right. We custom cut and bale hay and raise grass hay. That’s about the extent of my agricultural knowledge.

By the way, we have a few head of cattle, horses and various other farm critters. I used to breed and raise Morgan horses in AZ. Don’t know exactly where you get off with your comments.

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Nov 6, 2022 14:05:40   #
G. Crook Loc: Linden, TX
 
Clickity, I might add that I don’t “routinely spout gibberish” as I seldom post on this or any other site. Have a great day!

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Nov 6, 2022 14:10:31   #
G. Crook Loc: Linden, TX
 
Funny how restrictive some state laws can be.

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