To sum it up, the best thing I can come up with is that we had a false economy. We did not have the value nor the true buyers that the markets indicated. Much of it was made up or a stretch. But think about it, the car business has and still thrives on that same principle. The more they can get you to think in terms of "monthly payment", the better they do. It is not really good for the consumer but since when did a car dealer sincerely give a crap about their customers? If they told the real numbers, many customers would not buy the vehicle because it would not make financial sense. BUT, when they can reduce it to a measly "$265.00 a month", who can"t "afford" that? What a person in that highly emotional transaction does not stop do is multiply the monthly payment by the total number of months, add the down payment, and look at what a loss they are taking with their trade in. On top of that, dealers make additional profit if they finance it for you. I am all in favor of every business making a profit, but not the short term profits that benifit a few and destroy the rest of the country.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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