I agree with the other posters who have said old doesnt necessarily mean useless or bad equipment as most of my equipment is on the older side. However I have seen a trend here in the last ten or so years where banks wont loan you $5,000 to buy an older used skid loader, tractor, or whatever. Instead they will loan you $50,000 for a brand new shiny one, most of the time you were just paying the interest on the loan. I think that has a lot to do with people having to give back things. I got into an argument with a banker over this once and he told me that if I default on an old skid loader he's up a creek trying to get it sold where as if it were new it wouldnt be such a problem. Goes back to people buying things they had no intention of paying for. Another reason you're seeing a good deal of new equipment is that sometimes you're better off financially to lease/rent newer equipment than buy old.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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