value of used CUT

[Mosey]

When I first started looking into getting a CUT, I heard that they retain their value pretty well, much better than cars for example. Is there a rule of thumb for determining the value of a used CUT? Is there anything out there like the Kelly Blue Book?

 

[Inspector507]

Intertec Used Tractor Price Guide

 

[tc35dforme]

DANNY, HERE IS AN AMAZON LINK:

http://www.amazon.com/exec/obidos/tg/detail/-/0872888975/ref=pd_sim_books_1/104-3223434-7980718?v=glance&s=books

 

[Inspector507]

Thats a great price on it too /forums/images/graemlins/grin.gif

 

[hwp]

Try this link to http://www.machinerylink.com/resources/uevg

 

[Spencer]

Mosey, you got me worried. What are you up to?

 

[Mosey]

Thanks for the links everybody. Spencer, I'm just gathering information at this point. Not sure what I'm going to do!

 

[Mosey]

I checked the value of my 2000 TC29D on the machinery link and it came back with $14,262, which is about what I paid for it new (I don't remember the exact price right now, but it's very close to that). Who knows if it would really sell for that.

 

[chrisjbell]

I expect that is what you'd have to pay for a used tractor if you were to go shopping for one. I looked at used when I was buying and found that to save any serious money over new that I'd have to get something that was 30 years old.

I just checked my tractor's value, too, and the figure listed is very close to what I paid for mine. But you're probably correct in thinking that isn't what we'd really be able to get if we tried to sell 'em.

Still, I know that I've never owned a car that has retained value like that /forums/images/graemlins/smile.gif. So it is nice to see...

 

[Bowhunter]

When checking on what my Kubota may be worth before buying it, I used the same site that hwp posted.

I've heard that CUT's are the second best machinery type investment a person can make. #1 would be a Harley Davidson.

 

[TimSullivan]

In my area there are several guys that buy JD and sell them after three years. They then go out and buy a new one. After spending the better part of two years at sale auctions and answering ads I gave up.

The final straw was at a consignment auction. There was a two year old 4300 with 650 hours on it. I had tried to buy it from the owner before he traded it in to a Deere dealer. I then tried to buy it from the dealer but they decided to put it in an as is auction instead. That way they did not have to worry about any repairs down the road.

That tractor sold for $3000 less than what I paid for my new 4300 with the same equipment. /forums/images/graemlins/shocked.gif Now I know why the dealers send these units to the consignment auctions.

 

[Mosey]

According to machinerylink (above), New Holland TC29D prices are:

1999 $13,382
2000 $14,262
2001 $15,345
New retail $16,930

I just priced a new one and they told me $14,007. I don't remember what I paid for mine 3 years ago, but I'm pretty sure it was more than that! I think it was around $14,200. I'll look it up when I get home tonight.

 

[Mosey]

I paid $14,060 in April 2000.

 

[Kiohio]

The problem with values is they depend on where you are located. If you have a 65HP tractor and you are on a small farm in the middle of suburbia you aren't going to get what you want for it. The other problem is that most "Blue Books" are based on MSRP, we all know that very few people buy for MSRP. If you want scared have a dealer look up the value on a 2 year old riding mower!! OUCH!!

KO

 

[Anonymous Poster]

IF the propmotional 0% financing incentives went away, I think folks would be willing to pay at or close to some of the above mentioned figures. My experience has been save a few grand on a 3-10 yr old CUT and pay the difference at 7-10% financing. It's great to be poor, means you can buy NEW for what a used/financed unit would cost. /forums/images/graemlins/tongue.gif