Used Deere prices

[RoyJackson]

Every now and then, I check out MachineFinder and Tractorhouse to see what's available in the older 4x00 and 4x10 tractors. Looks like asking prices have risen a couple, three thousand for these machines in the last six or eight months.
Anybody notice this?

Looks like my $13500 Deere 4400 is now worth about $18K to $19K...

 

[plowindeeper]

I've noticed that the prices have not risen or fallen much from my original price that I paid new. That's the reason I bought a Deere they hold there value.. However that is a "ASKING" price.

 

[jenkinsph]

Roy,
I priced out a new 4520 setup similar to mine last weekend just to get an idea of how much prices have changed since 2009 and was startled by the "new pricing". I am afraid it is more inflation than anything else. It seems money is worth less and less and getting harder to come by at the same time.

 

[jd670]

My brother in law is getting ready to start looking for a used 2210 or 2305. I'll let you know what he and I find.

 

[buickanddeere]

A Deere is often a better investment than the stock market.

 

[Kyle_in_Tex]

Every now and then, I check out MachineFinder and Tractorhouse to see what's available in the older 4x00 and 4x10 tractors. Looks like asking prices have risen a couple, three thousand for these machines in the last six or eight months.
Anybody notice this?

Looks like my $13500 Deere 4400 is now worth about $18K to $19K...

I know its a reference point, but these places ask the absolute highest amounts typically for the equipment. It is the dealers selling it used, not usually the owners. Sometimes, you can get lucky and find an owner selling equipment for a fair price on there.

 

[Sledge]

I've noticed that the prices have not risen or fallen much from my original price that I paid new. That's the reason I bought a Deere they hold there value.. However that is a "ASKING" price.

I've been looking for a used 4x20 cab in my area for a few months and I agree. The prices that these dealers are asking is almost the same price as when the tractor was new. I have also noticed that a number of these ads are many months old. Some from last winter. So obviously they are asking too much. I am about ready to give up and buy new.

 

[Red Horse]

Sledge-Be patient. There are people out there who bought new with 0% and guess what?- they can't keep up the payments. Likewise when it comes to selling late model used, the minute Deere starts the 0% financing again, that serves to depress used prices IMO, if for no reason that a lot of people can't come up with the cash for used or go to the bank and get a loan- Deere on the other hand..."let's see. your body temp is 98.6...Qualified". My view. I sold a super clean 3320 with 900 hrs a few months ago that had been inside since new and maintained beyond the book- did I get what I wanted?- No. "Why buy yours when I can get new for no finance charge?"

 

[jenkinsph]

I agree with Red Horse and would say the woods are full of people who can't get financing for a used tractor or have the cash to buy outright. This will drive down the used machines at some point.

 

[RoyJackson]

I agree with Red Horse and would say the woods are full of people who can't get financing for a used tractor or have the cash to buy outright. This will drive down the used machines at some point.

But the point is, if you'd done a search (on MachineFinder or Tractorhouse) 6 or 8 months ago...you would have seen the lower prices. Now, the prices appear to be up.
BTW, the tractors I follow are the 4300, 4310, 4400 (I have one of these) and 4410.

 

[Agent Blue]

All I know is my Deere is worth less when it comes time to sell / trade than a model on the dealers lot with more hours and less attachments. Many have this impression buying from a dealer is reassuring even though no warranty / guarantee is written in the contract. Local dealers in my area have some used units but prices three grand less that msrp which is no deal at all. Yes they have gone up and so has inflation. It is time to update my 4110 into a 33-38 hp range but the gap is so great I will keep mine and keep watch for a private party used machine.

 

[Rockgod]

All I know is my Deere is worth less when it comes time to sell / trade than a model on the dealers lot with more hours and less attachments. Many have this impression buying from a dealer is reassuring even though no warranty / guarantee is written in the contract. Local dealers in my area have some used units but prices three grand less that msrp which is no deal at all. Yes they have gone up and so has inflation. It is time to update my 4110 into a 33-38 hp range but the gap is so great I will keep mine and keep watch for a private party used machine.

Yep, just traded my 4320 and I got wacked, JD resale sucks for me. Then again its only 15 months old.

 

[jd670]

When I traded my 98 670 in on a 2004 4210 I got what I paid. Bought 670 with 60 loader for $9999 Then traded in for a 2004 4210 and got $10,000 on trade. Thought I did pretty good.

 

[murphy1244]

When I traded my 98 670 in on a 2004 4210 I got what I paid. Bought 670 with 60 loader for $9999 Then traded in for a 2004 4210 and got $10,000 on trade. Thought I did pretty good.

That was over 8 years ago.

 

[RoyJackson]

When I traded my 98 670 in on a 2004 4210 I got what I paid. Bought 670 with 60 loader for $9999 Then traded in for a 2004 4210 and got $10,000 on trade. Thought I did pretty good.

Although it's been several years, I got the same money for my old 670 when I traded for a 790. And when I traded the 790 for the 4400, I got $1000 less then I had paid for it 6 years previously.

 

[Zebrafive]

If new tractors have a big price increase, or major change (that adds cost or consumers do not like), the value of the older machines increase.

 

[deere5105]

Although it's been several years, I got the same money for my old 670 when I traded for a 790. And when I traded the 790 for the 4400, I got $1000 less then I had paid for it 6 years previously.

I bought a used JD 5105 and added a new loader. Kept it about year to 1.5 years. Traded it at a JD dealer on a JD 5303. Got back all my investment in the 5105 and the 5303 is now selling for $3k to $5k more than I paid. Seems to me nothing holds a resale value like a JD.

 

[bigtiller]

When I traded my 7 year old 2305 for a 2720 I got a LOT more for the trade in than I ever thought I would.

 

[Agent Blue]

I don't understand some of these bargain hunters. They want the brand name, a couple years old for half price. I usually tell these people that there are brands out there for less money, when posted for sale, ARE half price , usually a different color with very little dealer support. Sometimes you just have to pay a bit more to get the desired result.