Resale Value

[Youare]

My first tractor was a 1952 Ford 8N which I purchased about 1982 making it about 30 years old. There was no way of telling how many hours where on this machine but it had been well used on a farm. I paid $1,700 for it, it did have a Wagner front manure bucket up pressure only and a trip bucket. The tractor sold new without the FEL for around $1,200. So I figure I paid some where around the original purchase price 30 years later.

That same tractor in clean condition was selling for around $2,500 in 2001 when I purchased my new Kubota, I sold it to a froend for les than half of that. What made me decide to purchase a new tractor was the price of decent used tractors. I looked at a 16 year old 1710 Ford with a FEL and 1200 hours, it needed new rubber. The dealer wanted $9,800.00 for this tractor after he fixed the blown head gasket, no new tires.

The new price for that tractor was withina couple hundred dollars of what they wanted used with a 30 day 50/50 warrantee. When I looked at the price of a brand new machine, which was 50% more than the used, I figured it was worth the investment to go with a new one. I could get the first 15 years of it's life and if I took care of it sell it for at least what I paid.

There is a lot of good used equipment out there but if a person can afford it I think buying new is a better deal in hte long run. A 16 year old tractor is going to need more maintenance than a new one, you would hope.

I still think it is better to have an old tractor than no tractor at all. /forums/images/graemlins/wink.gif

Randy

 

[ThistleKop]

<font color="blue"> Take an off brand like a Cub Cadet </font>


<font color="blue"> I picked Cub simply because it is a fairly well known brand of the minor brands.
</font>

Bob,
You've gone and used that word "off-brand". Even with the qualifier following, you're in trooooouble! /forums/images/graemlins/shocked.gif /forums/images/graemlins/grin.gif

TK