Trade-in and upgrade

chuck172 · Dec 29, 2014

Has anyone pulled off a good deal and traded in their used Kioti for a new-bigger and better tractor. The three dealers I spoke with don't want anything to do with used Kioti's.

s219 · Dec 29, 2014

I assume you mean other brand dealers? I know my local Deere dealer is snobbish about any trades that are not Deere, Kubota, NH, or Massey, since his traditional customers only want those brands. He told me this years ago. My Kubota dealer, on the other hand, will take any interesting trade, and I've seen brands there I've never even heard of.

Wouldn't a Kioti dealer be the best best, assuming you're ok with trading up to another Kioti?

kiotiken · Dec 29, 2014

I have. I didn't try and trade to a different brand, just a bigger tractor and for slightly different reasons. I talked it over with my existing Kioti dealer and he made me a very good offer. I think that's the easiest way to do it unless there's another tractor you're really interested in or reason not to buy another Kioti. Here's the story of my trade if you're interested. http://www.tractorbynet.com/forums/kioti-owning-operating/243729-broken-again-loosing-faith.html

chuck172 · Dec 29, 2014

I'm sorry I wasn't clear. I meant trade my Kioti at a Kioti dealership for a larger new Kioti.
The dealer that I originally bought my ck35 said he wasn't interested in a trade in. I only had 75 hours on the machine. I contacted two other Kioti dealers and they said no. Now my tractor has about 175 hours on it. I'm just curious if others had the same misfortune with their used Kioti's.

kiotiken · Dec 29, 2014

Well, my experience was quite different. I believe I was at about 150 hrs and 1 year when I made the trade. My dealer gave me back about 94% (if memory servers, it's all in the thread I gave a link to) of the total amount I paid, including the Kioti cab and installation cost. He was more than happy to take it back on trade.

I'm not sure what kind of dealer you use. My view on Kioti is they shouldn't have given franchises to 1/2 the places they did. I've seen Kiotis sold out of small mom and pop hardware stores and this is just a set up for disaster for ALL involved. My dealer is a professional dealer who's been selling Kioti for many years and other equipment for decades before that. They took my JD 955 when I bought my CK30 then took the CK30 when I traded to DK45. I've seen plenty of other colours on their lot as well. Any dealer who wont take their own brand back on trade is a very weak dealer and not a professional dealer IMO. If they're concerned about being able to move one used tractor, I'd be concerned they'll be around next week.

coobie1 · Dec 29, 2014

chuck172 said:
Has anyone pulled off a good deal and traded in their used Kioti for a new-bigger and better tractor. The three dealers I spoke with don't want anything to do with used Kioti's.

I traded in my 2008 open station Kioti DE40se (shuttle shift) with 254 hours for my current cab model 2012 Dk40 se HST to Michigan Iron Equipment and felt they treated me real well on the sale.I fully agree with kiotiken post also.Michigan Iron is a full service 5 paw dealer.I called a local (Small)Kioti dealer who also sells McCormick tractors who stated he would not take my Kioti trade.He was about 20 miles from me,he lost the sale.Guess what I now travel 70 miles for all my sales,parts and service needs.IMHO I made the correct choice.

Gittyup · Dec 29, 2014

Try other dealers, both Kioti and otherwise.

chuck172 · Dec 29, 2014

I'm not sure what kind of dealer you use. My view on Kioti is they shouldn't have given franchises to 1/2 the places they did. I've seen Kiotis sold out of small mom and pop hardware stores and this is just a set up for disaster for ALL involved. My dealer is a professional dealer who's been selling Kioti for many years and other equipment for decades before that. They took my JD 955 when I bought my CK30 then took the CK30 when I traded to DK45. I've seen plenty of other colours on their lot as well. Any dealer who wont take their own brand back on trade is a very weak dealer and not a professional dealer IMO. If they're concerned about being able to move one used tractor, I'd be concerned they'll be around next week.[/QUOTE]

Very true and to the point. The original dealer should at least consider a potential trade up.

xrsrfn · Dec 29, 2014

I know my tractor is blue but they dealer is what brings satisfaction to their sale or trade. If they are not able to even absorb a used tractor of their own brand they won't last long and will do damage to tie brand. I am so happy with my dealer on parts service as well as new sales of anything I have purchased he has all my business because he earned it.c

oosik · Dec 29, 2014

My tractor is orange. Last time I was at the dealership he made an offer on my 2009 M6040 that almost made me weak in the knees. I guess pre-tier 4 tractors with low hours are a hot item. It would have been a real sweetheart deal if I was in the market for a larger tier 4 tractor.

s219 · Dec 30, 2014

oosik said:
My tractor is orange. Last time I was at the dealership he made an offer on my 2009 M6040 that almost made me weak in the knees. I guess pre-tier 4 tractors with low hours are a hot item. It would have been a real sweetheart deal if I was in the market for a larger tier 4 tractor.

I have the same "problem" with my Kubota dealer too. I used to wander through the new tractors kicking tires just for fun, but that has already led to one trade-in!! I'm afraid to visit now that the great Tier IV "divide" has happened, as I know my older Tier IV Interim model has a lot of appeal and the newer Tier IV Final models have some downsides. When I traded my B2920, they offered a very fair price and then sold it within a week for about $800 profit. I think they do pretty good flipping low hour used tractors when used to incentivize new tractor sales.

s219 · Dec 30, 2014

chuck172 said:
I'm sorry I wasn't clear. I meant trade my Kioti at a Kioti dealership for a larger new Kioti.
The dealer that I originally bought my ck35 said he wasn't interested in a trade in. I only had 75 hours on the machine. I contacted two other Kioti dealers and they said no. Now my tractor has about 175 hours on it. I'm just curious if others had the same misfortune with their used Kioti's.

I find that hard to believe, and troubling. Either these guys don't know how to make money on trades (which should be a routine practice in the tractor business) or they have some reason to be afraid of that particular model. Is it possible they just don't see a demand for your particular model/configuration??

Tractor Tom · Dec 30, 2014

I traded in the fall, my Kioti Dealer was great, he gave me a great trade in value on my 8yr old CK20 for a CK35. JD offered more on paper for a trade, but their Tractor price was out to lunch... Kubota offered just a bit less than Kioti for trade value.

Coyote machine · Dec 30, 2014

chuck172 said:
Has anyone pulled off a good deal and traded in their used Kioti for a new-bigger and better tractor. The three dealers I spoke with don't want anything to do with used Kioti's.

Sounds like they're nutz! Dealers who won't take their own brand in on trade?:confused3: Hate to hear what they would say to a trade from another brand?
You're best off looking for a different dealer, same brand, who will trade up for you. Did you talk to the dealer you bought from originally?

chuck172 · Dec 30, 2014

Yep, the dealer I originally bought from told me flat out "Nope" He didn't want a used ck35 on his lot for what he said might be quite a long time.

paulfun9 · Dec 30, 2014

When I was tractor shopping this year there seemed to be a good supply of used Kioti tractors that were traded in at a few of the dealerships within my driving range. The price on them would have saved me a little bit compared to a new machine but it wasn't enough to sway me to a used machine. So now consider the buyer who walks in looking for a new machine and is faced with the save a couple thousand on this used machine but now you cant take advantage of the special 0% for__ or you wont qualify for the cash back on the __ you can actually see an other reason for not wanting a trade. Now add that to a dealer who is a lower volume dealer and would have to sit on the machine till a cash buyer walks in or is in a market where a bigger size machine is the norm and you can clearly see why some wouldn't want a trade.

I actually saw just this week a DK40 like mine being sold used with a couple hundred hours that was actually priced higher than what I paid new for mine. Figure that into this as well and now You can see yet an other reason why a relatively new machine with low hours might be a little hard for some dealers to handle.

MinnesotaEric · Dec 30, 2014

s219 said:
I find that hard to believe, and troubling. Either these guys don't know how to make money on trades (which should be a routine practice in the tractor business) or they have some reason to be afraid of that particular model. Is it possible they just don't see a demand for your particular model/configuration??

May have more to do with cash flow and flooring inventory costs than anything.

Don't know, just throwing the idea out there as my goal when buying anything is to find the guy with the cash-flow problem, and then offer to pay with cash.

Barrettseq · Jan 4, 2015

EricTheOracle said:
May have more to do with cash flow and flooring inventory costs than anything.

Don't know, just throwing the idea out there as my goal when buying anything is to find the guy with the cash-flow problem, and then offer to pay with cash.

You have to have cash on hand to take a trade. If a dealer who is on floor plan sells a tractor then he must pay for that tractor. To take a trade he would need to have the $15,000.00 in cash to hold the trade till it sells. I like trades but when the tractor is near new with less than 100 hours it makes it hard to sell because you need a cash buyer because there is no special financing for that tractor compared to the new one that i have in stock. I sometimes recommend the customer to sell the tractor on his own then come in for a clean no trade deal. This way he gets full selling price for the his tractor and i can discount the new tractor because i don't have money in a trade.

RollingsFarms · Jan 4, 2015

chuck172 said:
Yep, the dealer I originally bought from told me flat out "Nope" He didn't want a used ck35 on his lot for what he said might be quite a long time.

Try to sell it on your own. That size tractor is highly popular! When I got the money in hand I would not set foot on any of those dealers lots either. There's gotta be a Kioti dealer near you that wants your business badly enough.

George2615 · Jan 4, 2015

RollingsFarms said:
Try to sell it on your own. That size tractor is highly popular! When I got the money in hand I would not set foot on any of those dealers lots either. There's gotta be a Kioti dealer near you that wants your business badly enough.

I agree with this. Used compact tractors seem to be in demand. I sold mine on CL in about a week. 175 hours is nothing for a diesel tractor. (barely broke in yet) Then take your cash for a down payment on whatever brand you want.