Trading in on new JD?

[BryanM]

I was wondering if any of you trade in your JD cuts in every 3 years? If you do, can you sell or trade them for what you owe on them?

I am considering buying a cut that is probably a little too big for my needs but why I convert my 6acres plus (building barn, house, landscaping driveway work) I think i will have the right machine. But my ? is if I keep the new 2520 for 3 years will I be able to get out of it clean in 3 years paying almost half of it off? I understand it depends on overall condition and hours but if it where good condition with say average hrs on it for say a 3 year old tractor. Would I beable to sell for what I owed on it?

 

[JDGREEN4ME]

I remember trading my 4110 in on a 4115 after two years and it (4110) was worth more than what I owed on it. If you plan on having it more than half way paid off it would be worth more than you owe. Sounds like your idea is to go smaller which depending on how small you want to go might be an issue but you can always sell it yourself. I no longer needed my tractor and sold it last year (with an ad on TBN) pretty quickly.

 

[GordNovo]

I leased my original 2305 and upgrade to a 2520 only 18 months into the original 5 year lease contract.

Even on the lease, my dealer could sell the 2305 (with over 250 hrs on it) for more than the outstanding buyout from JD leasing. If you're planning on upgrading every couple of years while using purchase financing, you should absolutely expect to get more than you owe because in theory you're paying down the depreciation and the residual value of the machine at the same time.

 

[Deadman]

Traded our 2210 in and it was 3 yrs old. We got like 75% of our $$ back from in it trade.

 

[jimgerken]

Whatever the dealer tells you you can trade it in for, I know from experience it is worth much more to you to sell it outright on the market. Even including the tax difference, its probably a better overall deal. Also, with JD no-interest financing on, the deal gets even better if you can bank the proceeds of the sale of your used tractor and then put down a little and use JD's money for three years. Its kindof like they pay you to take a new tractor.