Price Check Pricing a JD3120 with 300cx

[eker]

I just started looking at the 3120 with a 300cx. The dealer has a couple rental returns with 50-100 hrs, no loader during the rental. He's telling me they sell for $19,250. with the 300cx. What could I expect to get him to on a rental return?

 

[BloomingtonMike]

I bought a 3320 with a 300X loader and 36 hours for $17,500 a year ago October. Hope that helps. Location was central IL.

 

[cast_and_blast]

I just started looking at the 3120 with a 300cx. The dealer has a couple rental returns with 50-100 hrs...

I'd stop right there. I'm not so sure I'd be up for a rental unit - I gurantee you those 50-100 hours were HARD hours.

Just my initial take I guess - I don't know all the details.

The 3120 with 300CX loader is $21,009 per the JD configurator. If you got 10% off list (you can probably do better) you're at $18,900. Take the 0% financing and the full warranty and the 0 hours.

Let's say you even get him down to $17,500 on the used unit - you're better off buying new whether you are financing for 3 years (you don't have the cash) or paying cash. If you have the cash, keep your money in the bank and invest it in short term CD's at 5% while keeping enough liquid to make the monthly payments over 3 years. You would make up the $1,400 difference between the new unit and the used unit in short order.

Just my $.02 - good luck!

Scott

 

[coolhl7]

dont they add about $800 for insurance in case of theft/loss on that new tractor when its financed 0% down/0 interest for 3 years? still, I agree with buying new with those terms.

 

[cast_and_blast]

dont they add about $800 for insurance in case of theft/loss on that new tractor when its financed 0% down/0 interest for 3 years? still, I agree with buying new with those terms.

Nope - not if it's covered already. My 2305 is fully covered under my homeowners policy.

Scott

 

[coolhl7]

thats interesting.
did you have to pay extra within your homeowners to cover it?
in my case my tractor is stored and used solely on separate property that I dont have insured yet so I doubt my homeowners would have covered it,

 

[Kahuna]

The 3120 sounds a little high to me too. I would recommend buying new. I bought a new 3320 which is a few more hp for not a lot extra. I have the 3320, e-hydro, I-match hitch, 300CX loader, heavy duty bucket, R4 tires, grill guard, rear lights and automotive style cruise control. I paid $18,900 for everything. The free financing has no hidden charges. You take whatever you borrow, divide by 36 and you have your monthly payment.

Note: make sure you get the heavy duty bucket, it is really built a lot heavier than the standard bucket.

 

[cast_and_blast]

thats interesting.
did you have to pay extra within your homeowners to cover it?
in my case my tractor is stored and used solely on separate property that I dont have insured yet so I doubt my homeowners would have covered it,

Nope - nothing extra. It is stored and used on my homestead though, which is the insured property.

Scott

 

[gamble77]

Seems high for a rental unit...we sell new 3120's with 300X loaders for less than that.

 

[coolhl7]

gamble77,
does the Deere financing program require some form of insurance for the tractor if there is nothing down/0% interest or is that simply an option that can be turned down?