[AT] Tractor temptations

[Dave Rotigel]

Hi Joe, 
	If I really wanted the tractor I would go to my bank and get an OK for a morgage on my house, take out a loan, check the avliable cash advance on my various credit cards and go and buy the tractor! The interest on the morgage would be under 3%, A PSL would be in the neighborhood of 5%, and the cash advance might be about 8% (but likely I would not have to use it anyway.) You should be able to expect an average increase in the worth of the Fitch of about 7-8% per year, this making a profit of 2-3% per year. 
	Dave
PS, If your wife askes anything about this advice tell he that Spencer asked me to pass it along to you!
PPS, GOOD LUCK on the Fitch!

On May 10, 2013, at 8:24 AM, Joe Hazewinkel wrote:

> OK, for some reason I decided to check out the Aauman Auction website last night.  I actually haven't looked at it for almost a year, just kind of forgot about it I guess.  Anyway, I found the listing for an auction in New York this September with at least 100 tractor, many if the large, rare, steel wheeled variety.
> 
> The one that caught my eye was made in my home town back in the 1920's. less than 10 are known to exist (and this wasn't one of them).  It looks complete, unrestored and extra rusty.  For some reason I feel like I need to go and buy this one and bring it home.
> 
> I wish I knew what it would sell for, as I can comfortably spend up to $10,000 on it, but I don't know if that will be enough (it's not one of the large prairie tractors that go for quite a bit more).
> 
> I thought about seeing if some of the other collectors in my town would be interested in going in on it, but that might just be a disaster waiting to happen.  What to do?
> 
> In case you are wondering, it's a Fitch four-power model D 20/45 made in the early 1920's.
> 
> What would you do?
> 
> Enjoy, Joe