Wow the Wish Book is Out "RB Auction tomorrow in Saskatoon"

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Wow the Wish Book is Out "RB Auction tomorrow in Saskatoon"

SASKFARMER3's Avatar Nov 27, 2017 | 07:33 1 Ok we all complain about equipment but maybe we should say like a lot of other places in the world the hell with brand new and start reconditioning used. Wow is their some really good stuff going tomorrow in Saskatoon.

But lets call out dealerships who won't sell to joe Farmer because just cant let you have that piece of equipment for x amount of dollars then takes the same piece to Rb and gets $50 thousand or less plus selling fee.

AM i missing some tax loop hole or WTF is actually going on. Cant give good long term customers deals but is willing to drag pieces half way across the country to sell at a auction and thats ok.

Some pieces have 800 hrs or 160 hours. WTF its like new. Why cant deals be made at home.

Again it seems were becoming a two price place.

Big multiple with whole farm and lease then try to get suckers, Sorry others to buy used low hours and finally take the shit to Rb and just liquidate and fill lot again repeat.

Is their that much mark up in a $700,000.00 combine. that its worth nothing in Canada in Two years.

Again someone smarter than me maybe can figure it out because this cowboy just doesn't get it.

Locked and loaded for the sale tomorrow. Christmas time Cyber Tuesday.
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farmaholic's Avatar Nov 27, 2017 | 07:38 2 .............nobooby pays $700K for a combine. That may be MSRP, but not what it "retails" for. Reply With Quote
SASKFARMER3's Avatar Nov 27, 2017 | 07:41 3 Ok its $630 Reply With Quote
Nov 27, 2017 | 07:49 4 If I was an owner with a team of salesmen and using Ritchie bros. ...I think I would fire them all....

Use to be before a machine got sold they had the trade sold...they would go looking for trades ...now dealerships just count on the MUD deals and really can't afford to let them go....

They can mark up a combine and still get what it's actually worth after the lease is up ....not sure how the math works for farmers buying into it.... Reply With Quote
farmaholic's Avatar Nov 27, 2017 | 07:50 5 I'm expecting at least 15 points off MSRP? That's down to $595K and probably lower.... I would hope.

The fucking probably happens when you trade.

Then the MUD deals would get even better. Reply With Quote
Nov 27, 2017 | 08:03 6 biggest JD dealer in canada and kinda hard on resale values Reply With Quote
SASKFARMER3's Avatar Nov 27, 2017 | 08:15 7 All one big dealer will offer farmers is a lot of inventory to pick from. Other than that the service pricing etc all sucks.

Now i find it funny how a nice small dealership like Markusson does just fine. Reply With Quote
Nov 27, 2017 | 08:25 8 Looked again at the offerings at Saskatoon, Sask3 I have a question, seems there is a lot of green, any thoughts? Are John Deere dealers not managing inventory as well? Reply With Quote
ajl
Nov 27, 2017 | 08:37 9 This is why all equipment sales staff wanted ads at dealerships ought to be ignored. You can find a deal and the sales manager turns it down just to have RB sell the unit for less next week. I am sure that there are guarantees RB makes price wise and commissions are negotiated when a dealer consigns a bunch of equipment. They might as well sell all through RB. Reply With Quote
Partners's Avatar Nov 27, 2017 | 09:31 10 John Deere has great lease rates.
Love the large ..flipper. farms.
If only buying 1 piece at a time..don't bother even calling them for a quote.
Have been getting way better deals from small..independant.red dealer who is a old style dealer..friendly..great service.and the price is way better than across the street.
Our farm is slowly turning to Red equipment..
Hergotts in Humboldt. Reply With Quote
SASKFARMER3's Avatar Nov 27, 2017 | 09:37 11 I can’t figure out the math, must be new math. Reply With Quote
Nov 27, 2017 | 10:14 12 Talking to our local JD salesman and he indicated their leasing programs with larger farmers get them into binds when it comes time to flip leases. They end up getting too many 3 year old leases on their lots and are not willing to give a deal to a small guy looking for one combine. So off to Richies they go!!! I don't understand that mentality and as Partners said we used to be all green and now are mostly red, gotta go where they appreciate you and your business and that doesn't seen to be JD any longer? Reply With Quote
Nov 27, 2017 | 11:00 13 Even better would be nobody bid on this auction. Now wouldn’t that get the worm turning at the dealers.... Reply With Quote
fjlip's Avatar Nov 27, 2017 | 11:02 14 "AM i missing some tax loop hole or WTF is actually going on. Cant give good long term customers deals but is willing to drag pieces half way across the country to sell at a auction and thats ok."

Exactly, sales manager at local Pattison, says all 100 used combines will be sold at zero profit, at what they gave on trade/lease to new. However then he got a quote from the BIG CHEESE on our 9870 trade and THAT is the screw job, $40-60,000 less for ours than non Deere dealers! And been green forever, does not make a diff. Too small, don't need single unit buyers...hope Pattison goes f*cking broke! Reply With Quote
farmaholic's Avatar Nov 27, 2017 | 11:44 15 ....just think, dumped at auction with no warranty implied and..... wait for it!!!!... ENTER PARTS COUNTER! We all know where the price of parts have gone so if they give up some margin on the sale of the used iron they will bend you over the parts counter! Service anyone? Reply With Quote
Nov 27, 2017 | 11:50 16
Quote Originally Posted by farmaholic View Post
....just think, dumped at auction with no warranty implied and..... wait for it!!!!... ENTER PARTS COUNTER! We all know where the price of parts have gone so if they give up some margin on the sale of the used iron they will bend you over the parts counter! Service anyone?
Parts and service is where the real money is. Making money on an equipment sale is just a bonus. Where are you going to get the parts for the 680 you buy at Ritchie? Peavey mart or princess auto? Never mind what if there is electrical issues or computer problems then it's service department laptop! Reply With Quote
farmaholic's Avatar Nov 27, 2017 | 12:08 17 Yup..sk_wheatking....the important part is the "brand" is in the field. Reply With Quote
Partners's Avatar Nov 27, 2017 | 12:39 18 Remember If you buy from RB you will be at the bottom of the service list though.
The customers who pay the extra 50 grand will be ahead of you. Reply With Quote
Nov 27, 2017 | 20:24 19
Quote Originally Posted by Partners View Post
Remember If you buy from RB you will be at the bottom of the service list though.
The customers who pay the extra 50 grand will be ahead of you.
That’s what creeps me out with buying at auction. Seen this at a dealership I buy most of my stuff from. Guys buy privately or auction to find some gremlins then phone the dealer. My dealer will help them out but you know full well they cringe a bit. It’s a double edge sword. They have to take care of their customers but if they don’t accommodate same brand iron from non customers they might not gain a new customer. It’s about the experience of owning a certain brand. A good dealer makes or breaks that. There’s a plethora of nh and Massey dealers but most equipment is jd or case because of that. Case got their shit together and it shows here. Reply With Quote
farmaholic's Avatar Nov 27, 2017 | 23:14 20 What dealer in their right mind would turn down business? I can see them prioritizing dealer bought iron over auction iron but at the end.of the day a paying customer is a paying customer. Maybe the auction buyer is even less "demanding"(and willing to kiss a little ass) than the other guy who thinks he needs his ass kissed. Not saying the dealers don't have a duty of service to their sales customers though.

Sandbox(play) farming doesn't garner alot of attention in the Slum of the Ghetto. We're not the center of the Universe. Reply With Quote
SASKFARMER3's Avatar Nov 28, 2017 | 06:19 21 I will say it Case is moving ahead in strides with its way of doing business. Deere with one dealer one problem is not working but hey mother corp knows best. Reply With Quote
Nov 28, 2017 | 09:20 22 The smart dealers are holding sales commission on the new one till the trade in is sold. Reply With Quote
Partners's Avatar Nov 28, 2017 | 09:57 23
Quote Originally Posted by tweety View Post
The smart dealers are holding sales commission on the new one till the trade in is sold.
Long time to wait.
Some combines never harvested last yr. Reply With Quote
Nov 28, 2017 | 10:18 24
Quote Originally Posted by Partners View Post
Long time to wait.
Some combines never harvested last yr.
Because they made the trade too sweet and it is unsellable - a consideration on sale day that would have been taken into account if they knew the commission also would have waited a year or more. Reply With Quote
ajl
Nov 28, 2017 | 10:25 25
Quote Originally Posted by tweety View Post
The smart dealers are holding sales commission on the new one till the trade in is sold.
No wonder every dealer is looking for new sales staff. Only need to pull that stunt once. Reply With Quote
Nov 28, 2017 | 12:22 26
Quote Originally Posted by ajl View Post
No wonder every dealer is looking for new sales staff. Only need to pull that stunt once.
I suppose you can call it a stunt, but then you probably don't understand a balance sheet either. Reply With Quote
Partners's Avatar Nov 28, 2017 | 12:42 27 Big company's want to make Big money..
Not pennies like us farmers. Reply With Quote
SASKFARMER3's Avatar Nov 28, 2017 | 16:54 28 Oh but farming is such a lucrative job.

Headers here headers for-sale pay big bucks.

Yea three honey bees for under a hundred thousand and don't even have to give ours up.

Sell the swather campaign worked their worthless till guess what the newest invention swathing wheat hurry stupid mr farmer buy buy buy.

Its such a game. Reply With Quote