Now, we are no financial advisors, but in these uncertain times it can be confusing to know where to put your savings. Here are our 5 reasons why we think Vintage Tractors make a good investment.
We'd love to hear your thoughts, feel free to leave a comment below.
1. THEY ARE COLLECTORS ITEMS
The introduction and subsequent evolution of the working tractor was an exciting period of history, with numerous manufacturers competing and sometimes combining to bring the next best machine to the market.
This has led to a very rich and diverse variety of vintage tractors, many of which are highly collectable. Of course, we have the popular workhorses which could have been found on almost every farm, but many models were produced for such a short period of time, that they have become highly sought after collectables.
2. THEY ARE A WORKING INVESTMENT
Vintage tractors have become very popular with the lifestyle buyer in recent years, useful for topping large gardens or smallholding paddocks. Many of the tractors we sell have been working for 40 years or more and with careful use and regular maintenance, they will likely carry on for many more!
Replacement parts are readily available from companies such as Sparex and with some basic mechanical knowledge, worn items can be replaced without having to be plugged into a machine, as would be the case with most modern tractors.
3. THEY HOLD THEIR VALUE
We frequently watch vintage tractors that go through the auctions and values have risen year-on-year with some of the rarer model selling for six-figure sums. We find that tractors which are regularly run and well maintained can sell years later for the same, or even more than its purchase price, meaning asset depreciation is low.
Also, unlike paintings or other collectables, tractors are categorised as a ‘wasting asset’, which means they are not subject to capital gains tax on selling.
4. THEY CAN BE AFFORDABLE
As mentioned earlier, the diversity within the vintage tractor market is huge which makes it fairly affordable to start your own collection. Popular models such as the Allis B or ‘Little Grey Fergie’ can be picked up today for around £1000.
If you are looking for a rarer model or a fully restored example you will have to stretch your budget a little further, but with a low asset depreciation, we believe there are worse places to put your money at the moment!
5. IT’S A LOT OF FUN
Most importantly, owning a vintage tractor is an awful lot of fun and you can’t put a value on that!
You could choose to restore a hedge find to its former glory. You may prefer to source a tractor exactly like the one you remember your Grandad using when you were younger. You might need a little workhorse for your smallholding and revel in something you can pull apart and fix yourself. Or you might find yourself drawn towards attending a Vintage Rally or Road Run.
Vintage Tractors bring us a great deal of enjoyment and our fellow enthusiasts really are a lovely bunch, so join the fun and start your collection today – because once you start, one tractor just won’t be enough!