Posted by JD Seller on October 20, 2015 at 21:36:12 from (208.126.198.123):
Many of you know I buy and sell equipment of all sizes. It is just something that I like to do. I enjoy making a something "right" and then selling it for a profit. That maybe just a lawn mower or a full sized tractor.
In the fall I usually buy some lawn mowers. I know when the dealers around me are close to their year end business wise. So I will look at the ones that need little things to be done to make them sell better. Most of these dealers limit what they run through the shop on lawn mowers anymore as the $100 an hour shop rate really can eat a sales profit up pretty fast on a lawn mower.
So I bought a group of three mowers at a dealership. Two of the three really just need gone over and things made/adjusted right. They really did not need much. The third I bought with a supposedly bad transmission. I got it cheap and really did not even look it over too close as I have one of the same model with a bad motor. So I just planned on trading the motors. I got to looking at the mower and all that was wrong is a broken drive belt. I had one on hand. Mower runs and works fine.
Now the issue. I started to clean it up and detail it before I store it until spring. I found the operators book in the tool box. Inside of it was an estimate/quote for repairing the mower. It was for $1750. This is maybe a $2500-3000 mower in good running condition. So I can see someone just trading it off over a "BIG" repair bill. The prior owner's name was on the quote. It is a younger lady that lost her husband about two years ago in a grain bin accident. They had just bought a farm and had 3 kids all under five years old. I have heard she is having a tough time financially. Her husband did a lot of business with the dealership that I bought the mower from. So that dealership's service or sales department took advantage of her in my opinion. All her mower needed was a $40 belt and maybe an hour of shop time to install it, maybe $150 repair. You can see the drive belt by just bending down and looking under the fuel tank. Not tough to diagnose.
So I am pretty upset with that dealership right now. Also I really do not feel right about being involved with this either. I know I had nothing to do with the original deal but it just does not feel right to me. It is kind of like making money off a widow's naivety.
Think I should talk to the dealership owner about this??? I know him personally. What do you guys think???
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Today's Featured Article - On the Road with Dave Gohl: Auction Musings - by Dave Gohl. I was thinking the other day about all the auctions I've been to in the last few years. There've been many. Some have been very good, some have been well, disappointing to say the least. But no matter how good or bad auctions may be, we always seem to stay until the item we've come for or are interested in is on the block. I've been to some auctions near and far. I think the furthest has been the Two Cylinder 7 in the Amana Colonies last year. Lots of stuff, lots of people. I've also atten
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