Are there enough used CUTs out there?

[airbiscuit]

As a hobby (obsession), I frequently peruse the used CUT market. The numbers seem scant to me, and they seem to hold their value well. My hypothesis is:

People hang on to their CUTs for a long time
0% financing drives people to new CUTs
Used demand exceeds supply

What are you seeing in your locale?

 

[Racenut]

Few good ones to be found and when you do find one, it's priced as if they only used it to move piles of feathers at the pillow factory.

 

[Imold]

Few good ones to be found and when you do find one, it's priced as if they only used it to move piles of feathers at the pillow factory.

Same around here, if it’s under 10 years old your better off buying new with a warranty for the most part and whatever buying incentives they are offering.
Why buy a 6 year old scut for 12k when a new one is 15k(just a example).


Jim.

 

[Roadworthy]

Used tractors Under ten or twenty years old in good shape are scarce here unless you shop grey market. Generally if the tractor is good people don't sell or trade it. If you happen to find a really nice used one it will be 85-90 percent the cost of a new one. At that point used makes no sense to me - and we haven't even discussed running around looking at tractors when they are advertised. Better prices may be had buying a grey market tractor but searching for parts can be difficult and time consuming. I've got a fifty year old grey market tractor. I bought a new Kubota.

 

[spitter]

They are akin to hens teeth. Dealers want top dollar for junk. You could save your self a few thousand if you drive a few hours into PA towards ohio. Same goes for trailers trucks any equipment.:drink:

 

[Diggin It]

Seems like a double edged sword. If we decide to sell, we'd hope to get a higher price. People often tout resale value on the buying/selling choice threads when pointing potential buyers to 'name' brands.

But then we see these threads complaining about the high price of used machines when looking to buy.

 

[Wagtail]

Pre-Tier 4 = hens teeth.

 

[BRMyers]

I know I looked at the used market back in May before I purchased my tractor. Any tractor that came close to the features I wanted was to close to a new tractor to justify the savings. The cheap used tractors didn't have the features I wanted and looked really rough.

 

[dodge man]

I agree, there aren't a lot in my area if you are looking for lower hours, say under 500 hours. There are lots of them that have higher hours and a little rougher looking. I priced a low hour used tractor before I bought my new JD2025R and it just wasn't worth it to go used.

 

[chim]

It took many months of looking to find a nice Pre-Tier IV tractor. The only additional requirements were a factory cab, around 40 or so horses and a loader. In December we did find the L4240HST. It is in very good condition and had 977 hours on the clock when we got it in December. I think it's around 1,065 hours right now. The two main reasons for buying this tractor were to get factory air and more horses for a bigger RFM.

It was bought as a replacement for the L3200 we bought new in 2012 and now has less than 600 hours. When I get some time I'll put the L3200 up for sale. I didn't want to part with the tractor or any of the attachments till the L4240 was put through its paces to make sure everything worked as intended. The L3200 has a very nice (safety glass and steel) homemade cab, heat, lift-off doors, great lighting, loader, Pronovost rear blower, 6' LandPride RFM, brush forks, etc. It has been well maintained and kept inside. I won't be bashful about asking for top dollar.

 

[nards444]

Under 10 years old, they arent worth selling or buying used, to close to new price, hold value well yes, but frankly I dont think a lot of them sell used and people end up trading them in. Plus when you look at cost and such and the fact they just dont break all the time, just not an item to buy new all the time

 

[fidowanttobe]

In '06 when I was looking hard, everything I could find was in the upper teens to 20's for used, 2-3 states away or from the 1970's. For the size, price and options that I needed, it was a no brainer that I had to go grey market. Lots of opinions on that I made a bad choice and that the resale value is terrible. 900 hours later I have absolutely no regrets, other than I should've bought TWO at that price! Resale value is not even a thought as I won't sell it until I'm too old to take care of the place, and hopefully by then it won't owe me, I'll owe it. For what I paid for it and all the attachments 13 years ago, I might already be there.

 

[cathy liebchen]

when we went to sell our almost new L2501 to move up to an L3901, it sold in 2 days on Craigslist for the ask price and we must have had 20 phone calls on it.

 

[Beeenvenue]

Same around here, if it痴 under 10 years old your better off buying new with a warranty for the most part and whatever buying incentives they are offering.
Why buy a 6 year old scut for 12k when a new one is 15k(just a example).


Jim.

Agreed in North Texas - I ended up buying new for this exact reason.

 

[Industrial Toys]

It is an exploding market. Only time will tell what happens. Especially with such dark financial clouds on the horizon. My, guess, they will become abundantly plentifull at firesale prices, when the kucca hits the fan.

Funny, it seemed like yesterday, that our local Deere dealer was distressed because they had no compact offering with a Cab like Kubota had and had to go after market which lost them sales

 

[fried1765]

when we went to sell our almost new L2501 to move up to an L3901, it sold in 2 days on Craigslist for the ask price and we must have had 20 phone calls on it.

My philosophy on it selling in two days, and 20 calls: You sold too cheap!

 

[herm0016]

"Dark financial clouds on the horizon"?
I hope the very distant horizon,.... but they are always out there somewhere.
Will "clown boy" be gone on the 21st of next month?
I am hoping the USMCA will cause the CAD to RISE...RISE...RISE!

i see the clouds too.
instinct.

i ended up buying an older orphen because i could not afford the prices for name brand used. have been happy with it so far.

 

[buck12]

Same around here, if it痴 under 10 years old your better off buying new with a warranty for the most part and whatever buying incentives they are offering.
Why buy a 6 year old scut for 12k when a new one is 15k(just a example).


Jim.

Same here. When I bought my Kubota a few weeks ago, I looked used but why pay new prices for used equipment? I actually saw asking prices for tractors that were two or more years old with several hundred hours that were priced higher than I had been quoted for a new tractor. Granted these were asking prices.

In 2008, I bought a used Mahindra with several implements and a trailer for a great deal but times were a bit different then. Today and several hundred hours later I can make money on that tractor if I decide to sell it.