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Old 04-10-2010, 09:04 AM
nepatsfan nepatsfan is offline
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Join Date: Sep 2004
Location: Franklin MA
Posts: 3,147
Originally Posted by ksss View Post
You hear this as a popular answer and I would reply that it can be the "best", but to me productivity is what makes one machine or another the "best". Being its paid for matters not or actually costs you money if its not productive. The purpose of ownership of a skid steer is to accomplish work and hopefully make a profit doing whatever it is that you do. While having one paid for is nice (and I am almost there on mine) its not a requirement for being the "best". Considering that the interest is tax deductible and if you catch the right deal you may have a no interest loan, having it paid off may not be the best use of money. Case in point both of my skid steers were purchased on 1% loan rate OEM financing. It is not worth it to me to pay them off when I can run on their money for such a small cost. This keeps cash on hand which is most often better than having it tied up in nonliquid assests. IMHO
well said...i agree
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