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 - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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