May not mean nothing but....

[DonWorrell]

On Agricredit's website their are 36 tractors for sale and 20 of the 36 are Mahindra. I wonder why there are not any Kubota or John Deere's.

Don

 

[BobG_in_VA]

Maybe they don't think they'll sell.....

 

[jwcinpk]

I believe some of the other manufacturers have their own financing arms and don't use agricredit. I bet John Deere credit doesn't have a single Mahindra for sale.

 

[wallace]

Usually if you see them on Agricredit's site they have been repoed.
And like the other poster said Agricreit does not do the financing for Deere or NH or even Kubota

 

[DonWorrell]

Usually if you see them on Agricredit's site they have been repoed.
And like the other poster said Agricreit does not do the financing for Deere or NH or even Kubota

I agree most of the tractors are repoed but I disagree about the John Deere comment. If you look at the site under Golf and Turf they have 28 mowers for sale everyone of them is John Deere.

Don

 

[RedRiver]

In my opinion, the only thing it means is someone couldn't pay the payments on their tractor.

 

[gamble77]

What has been said here is correct...Deere, CNH, etc use their own finance arms...all of these machines on AgriCredit's site are repo's. The reason there are so many JD golf & turf machines on there is because they were probably used to begin with, Deere is full recourse, so most G&T dealers like to deal through AgriCredit becaue of that.

So thats why you dont' see any Green on there (once in a blue moon there will be a Green tractor)!

 

[rvaitor]

On Agricredit's website their are 36 tractors for sale and 20 of the 36 are Mahindra. I wonder why there are not any Kubota or John Deere's.

Don

They have another site AGCO something or other that has the Massey stuff. These sites are not really auction sites, more 'fishing' sites. Often they'll run and re-run tractors until they retail them, sometimes a year or so later. They'd probably get more folks looking/bidding if they actually took folks bids, then there would be some excitement and frankly for them higher prices and better results - how often do Ford, Chrysler, GM sell their repo's with reserve - not often and as a result they bring strong prices. It's just a waste to spend a week or so to be the high bidder and repeatedly get turned down, why bother? They do offer financing(obviously), but it's questionable what kind of deal it is.

I haven't seen many bargains lately - might be easier to just go to tractorhouse or make a deal with a local dealer on a trade then you get service.

 

[Charlie175]

actually some of the prices on there are very high reserve!

 

[rvaitor]

actually some of the prices on there are very high reserve!

That's why they keep 'fishing' - hoping to hook a sucker.

 

[Farmerboy]

I just wrecked my 3215 TLB (see "Owning/Operating" link). The unit was financed (and subsequently insured) through Agricredit. If the unit gets totaled, I secretly wonder if it will end up on the Agricredit website.

 

[AchingBack]

I wonder if it will secretly wind up on the Agricredit website. And that is no secret

Yeah, we will all be waiting to jump on a wrecked tractor.

Are you saying Agricredit is giving you a brand new 3215?

 

[MessickFarmEqu]

so many JD golf & turf machines on there is because they were probably used to begin with, Deere is full recourse

Do they do full recourse for all used machines? Thats rough.

Funny that Agri-Credit does not just send the machines back to the selling dealer for resale. CNH / Kubota both bid take REPO's and bid them out to all the dealerships to see who gets it. We've gotten a few, but by no means do they end up being a bargin.

 

[Farmerboy]

Right now the dealer is working up a quote to repair the unit. However, if the amount to repair is too much, Agricredit may elect to "total" the unit. In which case, the policy requires either 1. replacement in kind, or 2. reimbursement of my investment (I put a substantial amount down on the unit).

The question about people standing in line for a wrecked tractor is exactly my point. Comments were made relative to the units on Agricredit's website being repo's. How can anyone be sure that they all are truly repo's and not rehabilitated units? It's not like you can run a Carfax report on a tractor. Using my example, if the unit is "totaled", someone will have to take ownership of the unit, which would be Agricredit as it is the lien holder. It's not like Agricredit is going to let the unit sit around. They'll probably effect repairs to the point the unit can be resold. And then Joe Schmo comes along thinking he's getting a deal.

This may be all "conspiracy theory", but the reality is that Agricredit is not in business to make money selling tractors. Rather, they sell tractors as a means to recover on a loss.

I just have a hard time believing that all those units are only repo's.

 

[EFC]

Right now the dealer is working up a quote to repair the unit. However, if the amount to repair is too much, Agricredit may elect to "total" the unit. In which case, the policy requires either 1. replacement in kind, or 2. reimbursement of my investment (I put a substantial amount down on the unit).

Are you talking about the physical damage insurance that you can buy from Agricredit or private loss insurance you purchased separately?

buck

 

[MessickFarmEqu]

Its more likely that the machines would end up on eBay or some auction. Being that we're in the business, we often notice machines with questionable history's ending up in places where questions can't be asked and the buyer has little recourse. In fact when we trade stuff we're not confident in selling we move it along to equipment jockeys who take it though those channels. Buyer beware!

Its very unlikely that a dealer would buy a machine like that and put in the time and money to fix it. Doing major overhauls on equipment is very expensive and unless your a one man operation its hard to turn a profit rehabbing machines.

 

[Farmerboy]

Are you talking about the physical damage insurance that you can buy from Agricredit or private loss insurance you purchased separately?

Insurance via Agricredit