older machines holding value?

[Soundguy]

My local CNH dealer also carries mahindra. Thus there is a good selection of blue and red tractors on the lot.

I've noticed over the years that he sells a few older legacy 'Ford' tractors as well.. I guess trades.. etc.

Anyway.. I noticed today they had a 70's era ford 3000 ( 3cyl, diesel, PS ) in.. it was priced at 6995... Looking at a comprable hp new mahindra, same hp.. gear tranny and 2wd.. just like the ford.. the new mahindra was only 8995.. kinda weird see the low price difference from the older domestic unit, and the new unit . Anyone else see similar situations at dealers selling more than one line of machine?

soundguy

[RollingsFarms]

Originally Posted by Soundguy

My local CNH dealer also carries mahindra. Thus there is a good selection of blue and red tractors on the lot.

I've noticed over the years that he sells a few older legacy 'Ford' tractors as well.. I guess trades.. etc.

Anyway.. I noticed today they had a 70's era ford 3000 ( 3cyl, diesel, PS ) in.. it was priced at 6995... Looking at a comprable hp new mahindra, same hp.. gear tranny and 2wd.. just like the ford.. the new mahindra was only 8995.. kinda weird see the low price difference from the older domestic unit, and the new unit . Anyone else see similar situations at dealers selling more than one line of machine?

soundguy

i can't compare prices of CNH or Mahindra but i can tell you that my 1978 JD 950 was a little over $5,000 when new. now, one with low hours(900-1300) can command a price of around $6-7,000 and get it with no problem! my tractor has about 1,100 hours on it, and is in GREAT shape for its age and my local JD dealer is chomping at the bit for me to trade it in because he knows he can turn around and sell it in no time while making a substantial profit. now compare my tractor with a current 790 2WD and the price difference is only about $2-3,000 at most. heck, just immagine the price i could get for my tractor if i parked it in the shed, using it sparingly, over the next 20 years. that would make it an antique and the collectors would come calling. i have a soft spot in my heart for old iron, but i think the wise decision for me in the future is to just buy something new since i will be making part of my living with it.

[FULLPULL]

Around here if you have a older Ford, Massey or IH in good shape they bring a good price . 3000 TO 5000 model tractors are still popular and they are tough to beat for the small to medium farmers. Just think of the cost you have in a tractor to clean it up and repaint and fix minor things. Unless you do all of the laybor yourself it aint cheap. I think they will hold there value for some time .

[ToadHill]

When I bought my 8N 25 years ago it cost $1700, they now sell for well over $2000. The guy I bought it from said he paid $725 for it new.

[Egon]

Don't forget to factor in inflation!