Posted by Goose on August 25, 2010 at 09:46:22 from (67.63.68.13):
In Reply to: Dealer Markup posted by GAC on August 24, 2010 at 20:13:14:
There are too many variables involved to assume a set percentage of markup. If a dealer acquires a highly desirable piece of equipment for a low price, he may mark it up 100% and be justified in doing so if that's what the market dictates. On the other hand, he might have another piece of equipment that required unexpected repairs and he's simply trying to get his investment back out of it. Most stuff is somewhere in between. It's not like the parts counter where a set markup applies to everything.
When he was at his peak in racing stock cars, Bobby Allison had a sign over the work bench in his shop, "No amount of human endeavor will ever replace dumb luck". That applies equally to other ventures, including used farm machinery, used cars, et.
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Today's Featured Article - Harvestin Hay: The Early Years (Part 2) - by Pat Browning. The summer of 1950 was the start of a new era in farming for our family. I was thirteen, and Kathy (my oldest sister) was seven. At this age, I believed tractor farming was the only way, hot stuff -- and given a chance I probably would have used the tractor, Dad's first, a 1936 Model "A" John Deere, to go bring in the cows! And I think Dad was ready for some automation too. And so it was that we acquired a good, used J. I. Case, wire tie hay baler. In addition to a person to drive th
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