Ritchie Bros sale

[freeflorider]

Red chopper went for $22000 and the victory went for $11000.

respectable buy for $22k lots of $$$ into it as most bike guy will know. The old Deere is nice, thinking nothing more the $10k...I maybe wrong. Such unpredictable markets now a days.

 

[niner]

Tractor goes tomorrow. $22000 for a 12 year old bike is pretty good. The victory was a pretty good deal for the extras. Those 300 mm wide tire kits are huge bucks. Needed a paint job though the brown was hideous.

 

[crazy_wheeler]

and the Deere?

Hard to tell from the pics but if it's as good in person as in the pic it probably fetch around 13 to 14. I've seen clean and relatively dent free just needing fresh paint go for 8 to 9, rough approx. 7. Clean R's will fetch as much as 10


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[Summitric]

LOOKS LIKE THERE ONE OR TWO IN BEHIND THE 830 AS WELL?

 

[Stompin Tom]

https://www.rbauction.com/EDMONTON-...z1Mb3ROdW1iZXJ8MHx8TG90TnVtYmVyTW9kaWZpZXJ8MA

About 41 tractors in the sale including 11 antiques. They will hit the block at approx 10am this morning in ring 3.

 

[Cyle]

Prices are so unpredictable though. Only watch dodge pickups closely, but prices now compared to 5 years ago for the same truck are virtually the same, or 1-2 year old trucks getting more then new.

There was some decent deals yesterday on highway tractors, to bad the person handling my financing is a retard because the regular one is on leave. They've been good for years, but this time felt like a used car salesman pitch, not even telling me the fawking interest rate just "are you ok with this payment" BS. No i'm not ok with a 11.5% rate when my current equipment is being financed at 5% and that was through you guys too! And ontop of that you told me earlier this year you could offer me even more attractive financing this time Or how even after 1 year you want a 5 month interest penalty? Yea not happening......

With that garbage i'll go buy at a dealer and get an actual warranty and be able to make sure everything works, get warranty and in the end pay less.....

 

[adamg]

Prices are so unpredictable though. Only watch dodge pickups closely, but prices now compared to 5 years ago for the same truck are virtually the same, or 1-2 year old trucks getting more then new.

There was some decent deals yesterday on highway tractors, to bad the person handling my financing is a retard because the regular one is on leave. They've been good for years, but this time felt like a used car salesman pitch, not even telling me the fawking interest rate just "are you ok with this payment" BS. No i'm not ok with a 11.5% rate when my current equipment is being financed at 5% and that was through you guys too! And ontop of that you told me earlier this year you could offer me even more attractive financing this time Or how even after 1 year you want a 5 month interest penalty? Yea not happening......

With that garbage i'll go buy at a dealer and get an actual warranty and be able to make sure everything works, get warranty and in the end pay less.....

Don't put up with the BS man.

 

[Stompin Tom]

Prices are so unpredictable though. Only watch dodge pickups closely, but prices now compared to 5 years ago for the same truck are virtually the same, or 1-2 year old trucks getting more then new.

There was some decent deals yesterday on highway tractors, to bad the person handling my financing is a retard because the regular one is on leave. They've been good for years, but this time felt like a used car salesman pitch, not even telling me the fawking interest rate just "are you ok with this payment" BS. No i'm not ok with a 11.5% rate when my current equipment is being financed at 5% and that was through you guys too! And ontop of that you told me earlier this year you could offer me even more attractive financing this time Or how even after 1 year you want a 5 month interest penalty? Yea not happening......

With that garbage i'll go buy at a dealer and get an actual warranty and be able to make sure everything works, get warranty and in the end pay less.....

thats what happens when finance companies get hit with a bunch of loan defaults, the cost gets passed along.

 

[Cyle]

thats what happens when finance companies get hit with a bunch of loan defaults, the cost gets passed along.

If they are concerned about that maybe they should be more particular about who they finance, and speaking of that, if someone doesn't care if they default they won't give a crap about the rate if they have no intention of paying anyway. Plus I currently have a piece of equipment financed through them so they know that I pay. Jacking up the rates is only going to drive away business.

 

[Stompin Tom]

If they are concerned about that maybe they should be more particular about who they finance, and speaking of that, if someone doesn't care if they default they won't give a crap about the rate if they have no intention of paying anyway. Plus I currently have a piece of equipment financed through them so they know that I pay. Jacking up the rates is only going to drive away business.

obviously they no longer value your business.

Frankly I believe its not about you personally, but about the area your in and the economic downturn, you may be doing well, but finance companies live and die by the numbers, and if the odds say a better chance of failure in your operating area, higher rates will be the result.

 

[Stompin Tom]

the antique tractors went from $9000 to $1750, with the one in the picture fetching $7500.00

 

[Stompin Tom]

If they are concerned about that maybe they should be more particular about who they finance, and speaking of that, if someone doesn't care if they default they won't give a crap about the rate if they have no intention of paying anyway. Plus I currently have a piece of equipment financed through them so they know that I pay. Jacking up the rates is only going to drive away business.

The vast majority dont enter into a loan thinking they will default, most feel they are strong and will be paying no problem. Then $hit hits the fan and all bets are off.

 

[Cyle]

Son of a bitch there was a good deal on some lowboys and I missed it

 

[crazy_wheeler]

the antique tractors went from $9000 to $1750, with the one in the picture fetching $7500.00

Wow. Thanks for the update. Prices were low and reasonable.


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[Stompin Tom]

Son of a bitch there was a good deal on some lowboys and I missed it

Were there good enough deals that the savings would have more than compensated for the extra financial charges?

 

[Iron Horse Racing]

Bought a grapple for a 950 loader, really good deals that this product...
Office trailers dropping even more....

Anyone need a 10 unit office complex, was to scared to put in in the sale...

 

[niner]

I picked up one of these for $2500. Has 400 hrs on it. Was pretty happy with that deal.

 

[Cyle]

Were there good enough deals that the savings would have more than compensated for the extra financial charges?

Lowboy and end dump yes, maybe on the tractor. Excavators no. Probably hold off until sept as deals seem to get better in fall/winter and try to get my current stuff sold to buy in cash.

 

[TylerG]

Lowboy and end dump yes, maybe on the tractor. Excavators no. Probably hold off until sept as deals seem to get better in fall/winter and try to get my current stuff sold to buy in cash.

Iron planet auction coming up right away too. Seen quite a few excavators in the yard there too.

 

[Cyle]

Iron planet auction coming up right away too. Seen quite a few excavators in the yard there too.

I thought they had a lot too driving by the yard, but unfortunately all way too big. After between a 120-160.