Yes, I have done it a FEW
times. It's no different than trading a truck or car that you still owe money on. I have always traded with Barlows who gives me a fair price for what I'm trading in and sells me what I'm getting for a fair price. There has never been any of the raise his price to look like he's giving me more for my trade in like car dealers usually do.
The fact of the matter is the dealer buys your trade in themselves and has nothing to do with Kubota. The new tractor is (usually)owned by Kubota and the dealer is selling it and getting their cut for which they can reduce or increase their share to keep9profit).
Barlows sells a lot of tractors and some people believe they are saving a ton of money by buying used. Barlows needs good used tractors to sell to those who want only used tractor.
I traded in a B2320 with maybe 20 hours and I traded in a B3200 with maybe 70 hours and one time traded in a L3240 with maybe 40 hours and the BX2350 with less than 40 hours. I'm in the process of trading in a F2680e with 115 hours.
If your needs change (sell/buy land or other reasons) to keep the wrong machine sort of defeats the purpose of buying the machine to start with, buying a machine to help you do jobs. When needs change then the machine probably needs to be changed if different implements won't fulfill the new needs.
Are you going to lose money? Only you know what your health, job needs, peace of mind and financial resources are. What's money for besides buying "stuff" if you have enough after supporting your family and charitable giving? I decided years ago that a car/truck costs so much per month to own/lease one that is newer and dependable. As long as I can keep one for that monthly amount (which I can afford) then I'll do it. When I started buying Kubotas 10 years ago I found out that the same financial principles apply. I want what will do my jobs, be dependale and that I can afford and am willing to pay a specific price per month to have it. In time I'll eventually have some paid off Kubotas and they will still be running good and performing the jobs I have at the time and I'll not trade them for awhile. Did I lose money for having a machine that is paid off and still worth quite a bit of money and maybe less injuries because I had equipment to help save my body and even time which is sort of running in the less available than the more available column now at my age?
A friend at Church Sunday told me he'd rather have $40,000 in cash than a car.
Well, I guess many of you know my response to that statement.
:laughing: :cool2: