Duh, end of tax year

[Alan Ambrose]

I only just twigged: it's the end of the tax year.

 

So what? So, plant hire and owner operators are selling their old gear and have bought brand new stuff before the end of the tax year. That means there's a flood of 3-5 year old equipment on the market.

 

Their finance deals are often 3 / 4 /  5 years and capital allowances for tax often incentivise companies to buy new stuff. 

 

 

[Thorfun]

1 hour ago, Alan Ambrose said:

I only just twigged: it's the end of the tax year.

 

So what? So, plant hire and owner operators are selling their old gear and have bought brand new stuff before the end of the tax year. That means there's a flood of 3-5 year old equipment on the market.

 

Their finance deals are often 3 / 4 /  5 years and capital allowances for tax often incentivise companies to buy new stuff. 

 

 

Would one find these on Autotrader?

[nod]

I’m doing the plastering framing on a large self build The Ground-worker has just Paid 80k for two 13 tone machines He reckons the industry is a wash with plant Due to government free money over lockdown

One of the machines I had on loan was bought with the free cash 

When it’s not here it’s sat in his yard doing nothing 

 

Great time to buy 

[Alan Ambrose]

>>> Would one find these on Autotrader?

 

For me, eBay, Autotrader & Machinerytrader - but I know v. llttle about these things.

[twice round the block]

machinerylocator.co.uk

Mainly farming but has diggers and telehandlers