Quite a few contractors round here have fancy new tractors, McCormick MTX's, NH TM's TSA's etc. Most are bought on finance so there not paying 40k, 50k in one lump sum instead there paying off little bits at a time throughout the year, to put it plain and simple.
I can't say as I like the idea of constantly owing money to someone or having the headache of having to find huge amounts of work to pay x amounts of money a month for a tractor. Instead I go and buy a decent 2nd hand tractor that I own, it might not have shiny paint and all the latest gadgets of a McCormick MTX but it's probably just as reliable, goes just as fast and gets the job done like the McCormick and most importantly I own it and I pull the strings.
I also bought a 2nd hand Kuhn GF 7601 8 rotor tedder last april for 4k, I knew I could get some work with it and planned it out that I it would of paid for its self within 2 years if I charged ?4 an acre for it. By June last year I had done something like 2000 acres with it. A hell of a lot more acres than I expected I would get and by the end of September last year I had covered about 3500 acres tedding out silage, haylage and hay. I'll let you do the maths as my tea is ready but the tedder paid for it's self near enough and I only had a 1 days worth of breakdowns. Down to a roll pin shearing on the digidrive on the last 2 rotors and a snapping a hinge/joint again on the end rotors. Doing 15k+ on unrolled fields is rather rough on it. It's all about planning really and exploiting the gaps in the contracting market near to you. You can only plan so much though as I managed to get 3000 acres more work last year than I bargained for and that was just tedding ;D
I hope that makes sense and reads right, the smell of tea cooking has got me in a spin :D :D