A tractor loses ____% of it's original value when...

   / A tractor loses ____% of it's original value when...
  • Thread Starter
#11  
I'm buying, or I should say I'm shopping and my girlfriend is buying...

FULL STORY HERE

...and I'm not concerned with what the dealers say they're worth, I'm looking for your opinions based on your personal experiences.
 
   / A tractor loses ____% of it's original value when... #12  
One problem is that answers are way too subjective, and there are
probably a lot of other variables at play... a lot of "it depends".

You can have tractors with thousands of hours that look like they were
well cared for, don't have leaky hydraulics, etc....

Then you see machines with less than a few thousand hours that look like
some guy drove them off a cliff and banged the snot out of it, etc.
Tractors driven by people without a vested interest in their continued
operation tend to show abuse. Granted some abuse can be fixed,
but whenever you see things like bent steering parts, etc, that the
original owner didn't bother to fix, that's a big turn off. (if they weren't
going to fix something that glaringly broken, what else did they not
bother to fix, and what other maintenance did they decide to
skip? )

Then in the case of value then there is the buyer. Let's put up a
hypothetical... say you have two equivalent tractors, tractor A is owned
by a close friend you trust (or someone similar in your community) tractor
B is being sold by the local dealer, who doesn't know much more about the
thing than who they got it from and how many hours are on it, etc.

I'd rather buy tractor A because I know that a friend would tell me about
little quirks in its operation or any repairs he/she has done. Even if it
costs more for the same thing. Things which are a known quantity
can be more valuable than something that isn't.

I'm kind of a curmudgeon when it comes to the whole resale
value thing. I feel that people buying a (tractor, car, whatever) should
put more effort into buying something that they feel will work for them
and that -they- can extract the most -intrinsic- personal value
from it. Course some of this depends on finances, circumstances,
etc. If money is tight it is tempting to buy tractor X now and then get
tractor Y later. IMO you can save more money in the long run by trying
to buy tractor Y right out of the gate. The only reason not to go overkill
would be that it's going to break some other metric. (eg, weight limits for
hauling, the size of your barn/gate/whatever, or just a maximum $$$ limit
you set for buying a tractor. )

Just my .02... I'll stop now. :D


-Mike
 
   / A tractor loses ____% of it's original value when... #13  
I completely agree with you... I tend to buy used, I have had good luck with it in the past and feel that I have gotten a pretty good deal on stuff, like my truck and my tractor for example. I think it really goes to show that someone has taken care of whatever they are trying to sell when they can provide maintenance records, etc., and go as far as to give you the boxes for the filters so you know what to pick up at Napa like the guy I bought my tractor from did.
 
   / A tractor loses ____% of it's original value when... #14  
A Farmall Cub in 1947 could be bought for $545, after 60 years you can buy one for $2500 +/- 1500 depending on condition.

So lets see, after 60 years it has "lost" a negative 458% of original price or in non-accountant terms, it has gained 458%.
 
   / A tractor loses ____% of it's original value when... #15  
john_bud said:
A Farmall Cub in 1947 could be bought for $545, after 60 years you can buy one for $2500 +/- 1500 depending on condition.

So lets see, after 60 years it has "lost" a negative 458% of original price or in non-accountant terms, it has gained 458%.

I have a 65 Chevy C-10 that I paid $5000 or so for and it sold new for $800 or so. Yeah, most vehicle don't appreciate like that...not before they are really old:D
 
   / A tractor loses ____% of it's original value when... #16  
geedub said:
1. A tractor loses ____ % of it's monetary value the day it is purchased.

2. A well maintained tractor loses ____% of it's $ value when it has logged 200 hours and is 1 model year old.

3. A well maintained tractor has lost ____% of it's $ value when it has logged 400 hours and is 2 years old.

4. The same tractor has lost ____% of it's value when it has logged 600 hours and is 3 years old.

Where are the answers? I turned my screen upside down and still can't find the answers. :D
 
   / A tractor loses ____% of it's original value when... #17  
I don't even care. I never look at those factors when I buy a tractor. I will telly you that they are much higher when you buy a Big 3 vrs a brand that you have trouble reselling like a Mahindra. Not that Mahindra doesn't make a decent machine, they just don't hold their value. Just buy it, use it , and get the job done.

Andy
 
   / A tractor loses ____% of it's original value when... #18  
IMHO popularity of the tractor makes a difference in value. According to tractordata.com a Massey Ferguson 135 cost $4385 in 1975. If you look at tractorhouse, these same Massey 135's are listed from $3500 to $6,500. The area you live in, makes a difference in popularity. Around here everyone seems to lean toward John Deere, but there a several large ag. dealers within 45 minutes. Some of the late 70's and early 80's 2x40 utility sized Deeres sell at auction for more than the original purchase price. The area my wife grew up in every barn has ford/new holland products in it. If I was concerned with resale, I would try to figure out what a popular local model/dealership is and go that direction.
 
   / A tractor loses ____% of it's original value when...
  • Thread Starter
#19  
It's just that I've never shopped for a tractor so I'm trying to get an idea of what's a fair price.

This tractor is for sale:
2006showselection018.jpg

I think it originally sold for $3. Do you all think $500,000 is too much?


:p
 
   / A tractor loses ____% of it's original value when... #20  
Research the model(s) of tractor that you are interested in and check prices on tractorhouse.com, ebay, fastline, and etc. This should give you an idea of resale.
 
 
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