This week's classic tractor I'm not buying

While the price of machinery is tracking inflation across long-term owned stuff,short term owned stuff is way over and above the normal inflation.

My uncle bought a 13t Hitachi with 3 buckets in 2017 for €12000. Tommy Abdullah the Egyptian came last week and bought the same digger with no buckets for €16000. 33% increase in 5years.

I bought an 18ton Hyundai in 2016 for €7500. Traded it this year and got €14k for it. Mad times.

Take advantage while you can of this madness before the bubble bursts because I can't see it lasting for much longer.

These 996’s were a great tractor no doubt with cab access being the only niggle with the narrow door

but €12k for this is double it’s value, even though it’s a clean original example. I don’t think the rarer 4wd would even be worth that

https://www.donedeal.ie/view/29996122

David Brown 996

Would explain why those tractors made so much at the Westmeath auction.

If it sells out they will bring in 150k sterling, the 82 and 78 made 70k euro all in, not sure about 7000, they stand to make 50k sterling profit.

Are you sure about the engine @blue5000 ? It's not the correct exhaust for a 7000 but comes through the bonnet in the correct place. The exhaust of a 7610 is further forward.

Of course I Should have checked the photos if I wasn't so lazy! Are the manifolds interchangeable? Any I have seen with the replacement engine have a hole put in the bonnet further forward for the exhaust.

These competitions are getting a bit silly now. There have been a couple recently and the amount of machinery in the prize was crazy. Often wondered if you'd be better taking the items or the cash equivalence.

A bit like this one:

Maximum income they can gleam is £499,250. Kitty currently sitting at £334,365. I've got it valued roughly at £240k exc VAT or £280k inc VAT.

JD - £80k

Large Digger - £70k

Small Digger - £45k

20T Dump Trailer - £14k

33T Low Loader - £27k

I'd probably be low on the trailers, but somewhere between £275k - £300k. Would that be right?

Tax free cash alternative: £175k.

Don't know how true this story is but two lads won a Lamborghini and decided to take it instead of cash. They were getting a local dealer to sell it for them. Whatever happened, in the end, someone busted the sump in the car, story was it was the dealer showing it off. Don't know what happed in the end. I suppose none of us will be in the situation where we have to make that choice between tractor or cash unfortunately :(

I wonder if there’d be any luck in winning one of those competitions…. I’d say there’d be plenty of disgruntled punters wishing the new owner no good with the machine that their precious money helped pay for….

I always wondered how the prizes are accounted by the taxman if you sell them . Are you liable for income tax on tge profits or is it capital gains tax?

Also wondered how they work the tax free alternative. Is there a tax bill for winning cash ? If there is do they pay it ?

Chap at work won a Ford 6610 or 7610 in one of these draws few years ago.

tractor arrived and is a fine clean tractor, but no paperwork at all. He pushed it a bit but was eventually told best not go any further.

He’s half afraid it’s stolen. He has it insured but it will never be taxed, not on the road that much anyway.

Those draws are a type of gambling, and there is no tax on winnings, Bertie Ahern was very fortunate like that

So are all these draws run by entities in NI?

I wonder do the vehicles come with a fill of diesel ?

Did you put this up previously? Otherwise, I've heard a similar story. Not sure how they can give you the money tax free?

I think most of them would be based in the Armagh region. Some are in Down.

More realistic expectations

Just perusing a few ads and came across this. Looks like great value even if ex V.A.T. or am i missing something.