Buying Advice IS IT JUST ME OR.......

[ricky wyatt]

IS IT JUST ME OR HAS THE USED TRACTOR MARKET GONE CRAZY? I JUST SOLD MY KIOTI CK 30 AND AT THE TIME I THOUGHT HECK IT WOULD NOT BE A BIG DEAL TO UPGRADE TO A HYDRO AND MORE HP BUT BOY WAS I WRONG. I STARTED LOOKING AT THE J.D. AND KUBOTA (SINCE THE KIOTI WON'T GIVE YOU THE LOADER UNLESS YOU PAY CASH AND NOT FINANCE) BUT THATS ANOTHER STORY WHY IS IT EVERYWHERE I LOOK ONE WITH 5-6- 0R 8 HUNDRED HOURS THEY WANT AS MUCH AS A NEW ONE .... DID I MISS THE MEMO? I TRIED TO BUY A 2008 JD WITH 12 HRS ON IT AND FOR WHAT HE WANTED I COULD BY A 2012 MODEL SO I SHOT HIM WHAT I THOUGHT WAS A GOOD PRICE AND HE GOT MAD I SAID IT WAS A 08 MODEL NO MATTER HOW MANY HOURS IT HAD BUT HE WOULD NOT SEE IT MY WAY LOOKS LIKE I'M GOING TO HAVE TO ROLL SOME PENNIES AND BUY NEW............

 

[kleetus]

holy caps batman.. robin wants a comma or 2 as well.

 

[Bigfoot62]

:welcome: to the forum.

Yep, Kleetus is right. All caps is shouting on the net.

But, no, it's not just you. The used market is crazy, especially late models. That's why my last two tractors have been new. (and 0% financing helped my decision as well)

 

[ricky wyatt]

sorry i'm a tractor lover not i writer:laughing:

 

[Bigfoot62]

sorry i'm a tractor lover not i writer:laughing:

Hey, it's OK to use a cap every now and then!

 

[Carl_NH]

holy caps batman.. robin wants a comma or 2 as well.

And to understand the value of existing and desired machines prior to pulling the trigger to sell or buy.

 

[kenmac]

I look here Used Tractors For Sale at TractorHouse.com: John Deere Tractors, used farm tractors and farm equipment, tractors for sale, Case IH, New Holland, Agco, Kubota when checking prices

 

[RollingsFarms]

Yeah if I wanted to SELL my tractor they'd want me to give it away but if I was buying te same tractor they'd want the same price I was asking and get mad if I offered less.

 

[Martian]

I had a neighbor try and sell me his used JD 4300 for more than I could buy a new 3x20 with the same options. Needless to say I drove it up and down past his house. Some idiot did buy it though

 

[gengine]

When I sell something, I overprice it by say $500 and if we settle on what I marked it up, I'm happy. If someone wants to pay that extra $ then I'm even more happy. My grandad bought a massey 165 new for $6000 new, and I bought mine used for $4500, which was a really good price for similar tractors a few years back. The jd 4020 he bought around the same time new, is worth more now than it was then.
It seems the 40 horse and smaller tractors have a huge market right now, and they aren't really dropping in price.

 

[not2old]

I bought new in the fall of 2010. I wasn't going to pay $18,000 for a five year old machine when I bought a new one for a little over $20,000 with taxes. It didn't hurt that the new one was shinny and I had a warranty claim for the steering rack that would have been expensive.

 

[herefromthere]

Even though I keep looking on Craigslist at the used tractors, new is definitely looking attractive. Why not pay only slightly more for brand new, never abused, 0% financing, no lien risks, etc? Even the 20+ year old tractors have asking prices close to what they were new. ^^not2old pretty much sums it up.

 

[Baby Grand]

IS IT JUST ME OR HAS THE USED TRACTOR MARKET GONE CRAZY?
<snip>
LOOKS LIKE I'M GOING TO HAVE TO ROLL SOME PENNIES AND BUY NEW............

I went through the same thing about 5 years ago when I bought mine. The up side of it is you don't have to worry about depreciation - these machines really seem to hold their value.

Don't think of it as a painful separation of you from your cash, think of it as a clever hedge against inflation!

 

[ricky wyatt]

i'm glad it's not just me then i'm on tractor house five to ten times a day and craigs list, machine finder ect. i guess i should have kept my kioti but wanted something with a little more value. i just hate the thought of financing part of it i have never liked a month to month payment but i guess that what keeps the economy going the bad part is i have 60tons of dirt and 300 pounds of ky31 fescu to spread and that shovel gets mighty heavy

 

[Dr_Zinj]

The depreciation is all in the dollar, not the machine.

Which is one reason why our economy is going down the tubes.

Now I need to find a cheap rototiller to do my garden with; I'm going to need a cheaper source of vegetables than the supermarket.

 

[Baby Grand]

The depreciation is all in the dollar, not the machine.

Which is one reason why our economy is going down the tubes.

<snip>

Agreed. Time to go short on cash and all it's derivatives and long on things of intrinsic value. Anything that helps to reduce spending cash is good.

A new, quality, wood stove is on my short list. Backhoe has been on my long (5 year) list, but I've got near enough work lined up for it to break even.

The tractors have been phenominal values - just in terms of not having to hire out work for drainage, tree, yard and field maintenance. Great tasting food for a low cash outlay is icing on that cake. Best "hobby" I have ever known. Only downside has been people thinking I'm some kind of "hick" because most of the time I'd rather go till some soil than just about anything else. Good thing my wife is of the same mind.

 

[BuckeyeB]

sorry i'm a tractor lover not i writer:laughing:

Don't worry about it. Kleetus just goes around adding negativity to other threads.

 

[arrow]

5 years ago you could buy a brand new Kubota L3400 with some dickering for around $15 K. Today, this tractor's replacement is over 20 grand in some circles. As new prices escalated, along came used prices. Foreign steel market needs shot anything new made of steel into the stratosphere in the last couple of years.

 

[Zebrafive]

Yeah if I wanted to SELL my tractor they'd want me to give it away but if I was buying te same tractor they'd want the same price I was asking and get mad if I offered less.

DITTO :thumbsup:

 

[Gittyup]

Kleetus Awreetus-Awrightus