Thinking about trading M5040

[TripleR]

Thanks for the info TripleR,you just figure kubota dealer would give you more for your trade and especially the one you spend all your money with. I was in know way expecting not to take a loss,and im talking about turning around and spending another $54,000 with them(tractor&batwing)..

I guess I am kind of use to that as I have run into the same thing with cars and trucks though not tractors "yet". When I went to trade my Toyota in, I was given a low ball trade in value and demanded to see the Sales Manager. I took him out into the display area where there was a poster extolling the high resale value of Toyotas. I asked him in no uncertain terms, if that is true and you are selling cars trucks with this promise, then what the h**l is with the offer for my truck on trade in.

After a lot of loud talking and me telling them to keep the deposit and getting in my truck to leave, I got what I wanted. I still drive Toyotas, but don't buy them from that dealer. My son in law keeps a truck for maybe a year and always gets a good trade in on a new one.

I keep my trucks and cars until they are essentially useless and sometimes give them away, so trade in doesn't mean much to me right now. We are pretty much the same way with tractors and buy used if we find one worth the money.

As I get older and have more trouble walking back to the shop, I may have to change my thinking though, so I may need to pay more attention to trends.

 

[foreman Etexas]

Yeah they claim to have good resale but these are real numbers
august "NEW"2011 Kubota M5040 sync.shuttle,4x4,LA1153 LDR,0hrs $26,900
december 2011 same tractor"160hrs" trade-in-value $18,500
Just gonna put these numbers out there for others to see,what there Orange tractor will be worth 5mnths after you buy it..."it still looks NEW"

 

[weldermike]

I love toyota trucks, bought one for 600 bucks once and put 150 thousand miles on it, and besides tires the only problem I ever had was the idler tensioner blew on the belt. Almost made a deal on a brand new one till the dealer told me the interest rate on the finance, somewhere in the sixes. they told me it was so high because of the high resale value. They are full of it!! So I bought a chevy.

 

[weldermike]

Just for a referance, I just traded in new l4400 that I bought 5mths ago for an mx5100 and it depreciated $3g, w 70hrs on it. I wasnt happy but understand the business, so seemed it was fair.

 

[foreman Etexas]

Just for a referance, I just traded in new l4400 that I bought 5mths ago for an mx5100 and it depreciated $3g, w 70hrs on it. I wasnt happy but understand the business, so seemed it was fair.

Yeah $3g sounds great,even $5g would have been within reason for me

 

[DieselnHooters]

I agree Foreman, $8,400 seems excessive , I believe they can resell it for 22 or close to that so they should bite the bullet and and give you that much hence selling you a much more expensive unit and keeping you as a customer.

 

[firejunkie]

If any dealership (car or tractor) gives you for trade what they sell it for, they would be out of business in a matter of a few months. They all have floor plans to sell a certain amount of units in certain time frames both new and used, insurance, payroll, overhead etc etc. To sell units for what they paid (except in rare gotta move this unit soon situations) would be suicide.

And for example, after much comparing the day I bought my unit (MX4700 with FEL w/ss attach front, front and rear hyd, 4wd, R4's, box blade, and rake for 27k w/0% pymt of 395/month with insurance-warranty) my other choices that day was a rented unit (with above options put on for 3k less with 50hrs on the clock with above finance $378 a month) or a 2006 Cat challenger MT275 with 690hrs and above equipment already there (except front remote hyd ) price 13,500 with no warranty and 5.5% interest and a $275 pymt for 4yr.

As you can see, (my) best option was a new unit. And the rental unit could be 0% as well because it was a rental unit through the dealer, if a used unit interest may have been in the 4-5% range and even at 6K less would have came to the same payment. Lets be a bit realistic.

 

[foreman Etexas]

If any dealership (car or tractor) gives you for trade what they sell it for, they would be out of business in a matter of a few months. They all have floor plans to sell a certain amount of units in certain time frames both new and used, insurance, payroll, overhead etc etc. To sell units for what they paid (except in rare gotta move this unit soon situations) would be suicide.

And for example, after much comparing the day I bought my unit (MX4700 with FEL w/ss attach front, front and rear hyd, 4wd, R4's, box blade, and rake for 27k w/0% pymt of 395/month with insurance-warranty) my other choices that day was a rented unit (with above options put on for 3k less with 50hrs on the clock with above finance $378 a month) or a 2006 Cat challenger MT275 with 690hrs and above equipment already there (except front remote hyd ) price 13,500 with no warranty and 5.5% interest and a $275 pymt for 4yr.

As you can see, (my) best option was a new unit. And the rental unit could be 0% as well because it was a rental unit through the dealer, if a used unit interest may have been in the 4-5% range and even at 6K less would have came to the same payment. Lets be a bit realistic.

$8400 isnt very realistic.None have said buy it back for what was paid"new".

 

[firejunkie]

I was not implying new price, assuming they can put it on the lot for about 23k that is a 5k discount, they would more than likely sell it for 21-22k to move it. that only leaves them 2-3k profit and may take them a few months to sell, they pay all there overhead and insurance at a few hundred per unit per month they may only make 2k on the sale, sales man gets 300, manager get a couple hundred, mechanic gets paid to check it out and prep it for sale, dealership makes 1k or less profit to stay open. Yup they are taking you to cleaners for sure.

Its simple all types of cars truck equipment take a hit upon being used. Don't trade a few months after buying anything. You are guaranteed to lose on the deal.

 

[foreman Etexas]

I was not implying new price, assuming they can put it on the lot for about 23k that is a 5k discount, they would more than likely sell it for 21-22k to move it. that only leaves them 2-3k profit and may take them a few months to sell, they pay all there overhead and insurance at a few hundred per unit per month they may only make 2k on the sale, sales man gets 300, manager get a couple hundred, mechanic gets paid to check it out and prep it for sale, dealership makes 1k or less profit to stay open. Yup they are taking you to cleaners for sure.

Its simple all types of cars truck equipment take a hit upon being used. Don't trade a few months after buying anything. You are guaranteed to lose on the deal.

It wasnt a planned thing,just have gotten way more land lately. The tractor has nothing but alittle mud on tires,I will wash it,take it to dealer and pick up my new one(all hauling on me). Was just saying alright you got me when I bought new,just give me 21 for tractor make cple hundred(again)(I will lose cple thousand),and then get me on the next new one,not on all 3....