It all seems to depend on where you live. The dealers around me don't seem to like/want trade-ins at all. I kinda wish I lived in a market where there were a bunch of lightly used tractors available when I bought. I might have considered one. I would definately shop around but you are likely to get hosed on your trade-in. As to the MSRP, the two Mahindra dealers around here quoted me MSRP as well. They then tacked in the promotional discounts Mahindra had available at the time. I bought six implements at the same time as the tractor so there was a bit of wiggle room but not much.