Versatile tractor leases - The Combine Forum

 
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post #1 of 8 (permalink) Old 01-08-2017, 11:29 AM Thread Starter
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Versatile tractor leases

A couple years ago versatile dealers moved a lot of new tractors due to a very attractive lease program, from what I understand was that theses leases were for 5-600 hours a year at a pretty low annual payment based on a 2-3 year lease. I can only assume that the residual buyout was quite high on these tractors.

I would like to hear from some of you who maybe took advantage of these leases and what is happening now with these tractors as the end of the lease term approaches. My thoughts are there are going to be many of these tractors returned to dealers.

Last spring I inquired about leasesing a new versatile and found out that the lease program had been changed and was not as attractive any more.


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" Bigger isn't better. Better is better"
" Working towards a sustainable future in agriculture "
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post #2 of 8 (permalink) Old 01-11-2017, 09:04 AM Thread Starter
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Nothing? There has to be someone with some knowledge on this


Couple of my favorite quotes.

" Bigger isn't better. Better is better"
" Working towards a sustainable future in agriculture "
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post #3 of 8 (permalink) Old 01-11-2017, 12:48 PM
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I may be wrong but I thought most were 3 year leases so there's one more year left to go. I asked the dealership owner what Versatile was going to do with all these tractors coming back because I have to think everyone will be upside down on these things. He said he thought the farmers would buy them out and keep them. I thought he was wrong at the time but I've been hearing that Versatile cranked up their pricing on new tractors so maybe farmers will keep them. I heard new 4wds went up a 100k recently..can anyone confirm that?
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post #4 of 8 (permalink) Old 01-14-2017, 06:41 PM
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Did you consider the new MTZ-Kirovets 428 hp ?
There is a big thread on this forum: 428 hp Kirovet coming to North America ...

Mercedes Benz 428 hp engine, Tier 3 (no DEF)
16x8 semi power shift

New units are listed for 257,400 $ Can
Lease starts at 3,431$ Can/month
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post #5 of 8 (permalink) Old 03-30-2017, 09:37 PM Thread Starter
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I noticed the local versatile dealer has a surplus of tractors sitting out back that were not there a few weeks ago. Lease returns?
I heard a finance company owns these tractors I am assuming the buy out is too much.

So if this one small dealer has a half dozen lease tractors sitting there what are some of the larger dealers gonna have?

I would think this lease company is gonna be hung out to dry and that they will have no choice but to liquidate them at some point

Couple of my favorite quotes.

" Bigger isn't better. Better is better"
" Working towards a sustainable future in agriculture "
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post #6 of 8 (permalink) Old 03-31-2017, 12:20 AM
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Those tractors mustve gained value with the rise of the us dollar
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post #7 of 8 (permalink) Old 03-31-2017, 09:25 AM Thread Starter
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Quote:
Originally Posted by Windmillfarms View Post
Those tractors mustve gained value with the rise of the us dollar
If they did why is everyone turning them back? You would think it would be smart to buy them out .

Couple of my favorite quotes.

" Bigger isn't better. Better is better"
" Working towards a sustainable future in agriculture "
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post #8 of 8 (permalink) Old 04-01-2017, 12:58 AM
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Quote:
Originally Posted by woodytr99 View Post
If they did why is everyone turning them back? You would think it would be smart to buy them out .
Maybe some guys didnt have a buyback amount set in can $ but us funds,
Or maybe leasing is better financially bthan cause its a 100 percent write off
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