Posted by NC wayne on January 31, 2020 at 11:06:28 from (173.189.97.253):
In Reply to: Re: Things are Selling posted by The Famous Grouse on January 31, 2020 at 09:58:41:
Old equipment is selling because the new stuff is JUNK. My customers want simple, reliable equipment that can be repaired quickly, and at a reasonable price. They don't want complicated, electronic junk that cost both arms and a leg for the dealership to repair....in three weeks...
With that in mind, banks rarely loan to buy used equipment, so those buying used are paying cash.
A good economy is the reason they have the cash to buy.
That one, simple, fact goes directly against your assertion of the economy being bad because...well you know...
Only those in debt up to their ears because they have been conditioned to think they deserve, and have to own the latest and greatest of everything, and do it on part time, minimum wage pay, or whatever, are having a hard time.
Those responsible enough to live within their means, regardless of how much they work, or make, are doing just fine, and praying for at least several more good years.
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