mattellis2
Bronze Member
- Joined
- Sep 12, 2007
- Messages
- 94
if you decide to part it out, i'd be REAL interested in the grapple @ $500, pending a shipping quote.
-matt
Am I asking too much?
- Thread starter GreatWhitehunter
- Start date
- Views: 4138
if you decide to part it out, i'd be REAL interested in the grapple @ $500, pending a shipping quote.
-matt
beenthere
Super Star Member
- Joined
- Aug 16, 2001
- Messages
- 18,512
- Location
- Southern Wisconsin, USA
- Tractor
- JD_4x2_Gator, JD_4300, JD_425, JD_455 AWS, added JD_455, JD_110, JD_X485(sold)
I've put several items on consignment at my Deere dealers lot, and his cut was 15%. On these items, he priced what he thought they would sell for, and if there was a lower offer, he would call me.
As an example, I re-built an Owatanna skid steer. I decided I wanted to sell it, and tho I had $4000 in the re-build, I was trying to get $2700. Had a fella who looked at it, offered me $2400 and I said I would take it. He showed up with a trailer, wrote me a $2400 check and took it away. This was a Sat. at noon. Next day Sunday, he called and said "I'm bringing it back, it leaked oil all over and I don't want it". I assumed he may have broken something so when he whistled in the yard a few minutes later, I looked at the trailer deck for oil and there was none. I started it up, it started fine. I drove it off the trailer and everything seemed to work just fine. Soon as I got it off the trailer, I turned to see his truck and trailer in a cloud of dust going out my drive. He didn't ask for the check he'd written, so I took it to the bank on Monday to find that he had stopped the check on Saturday already...before he'd even given it to me. I figured he finished a job needed doing, and it was just his way of doing business.
OK, I took that same skid steer to my Deere/Bobcat dealer and they said we'll put a $5000 price tag on that. Wow!! Short time later, they called me and asked if I'd take $4500 cash. I said yes, and it was gone. I gladly paid the 15% fee to the dealer.
As an example, I re-built an Owatanna skid steer. I decided I wanted to sell it, and tho I had $4000 in the re-build, I was trying to get $2700. Had a fella who looked at it, offered me $2400 and I said I would take it. He showed up with a trailer, wrote me a $2400 check and took it away. This was a Sat. at noon. Next day Sunday, he called and said "I'm bringing it back, it leaked oil all over and I don't want it". I assumed he may have broken something so when he whistled in the yard a few minutes later, I looked at the trailer deck for oil and there was none. I started it up, it started fine. I drove it off the trailer and everything seemed to work just fine. Soon as I got it off the trailer, I turned to see his truck and trailer in a cloud of dust going out my drive. He didn't ask for the check he'd written, so I took it to the bank on Monday to find that he had stopped the check on Saturday already...before he'd even given it to me. I figured he finished a job needed doing, and it was just his way of doing business.
OK, I took that same skid steer to my Deere/Bobcat dealer and they said we'll put a $5000 price tag on that. Wow!! Short time later, they called me and asked if I'd take $4500 cash. I said yes, and it was gone. I gladly paid the 15% fee to the dealer.
doall
Platinum Member
I know your price is right, but people seem to like to talk you down on price; makes them feel better or something. I myself like an honest price like yours, but maybe you should price it high enough that they can talk you down. But the $14,000 is stupid. The guys wanting to buy it for 14,000 probably want to make money on it(dealers maybe). Wait it out and get what its worth.
jenkinsph
Super Star Member
Matt,
You need good visibility at the tractor location with traffic passing by and patience to put up with tire kickers. I would work up a price for each individual piece with the exception of separating the tractor and hoe. I would raise the price on each piece incrementally to make this worthwhile for you and have a little room to come off of the price of each piece.
Did I mention you need patience to deal with this?
You need good visibility at the tractor location with traffic passing by and patience to put up with tire kickers. I would work up a price for each individual piece with the exception of separating the tractor and hoe. I would raise the price on each piece incrementally to make this worthwhile for you and have a little room to come off of the price of each piece.
Did I mention you need patience to deal with this?
KB9UDE
Platinum Member
- Joined
- Apr 23, 2006
- Messages
- 969
- Location
- North of Tower Hill, IL
- Tractor
- John Deere 4066r John Deere 2025r
Steve is right on track here. Selling equipment outright can be somewhat of a hassle but can provide much higher dollars if you can get the right buyer. I think you need to split it up also. I have tried to sell package deals before and it never seems to work well. Most people around here are looking just for one piece or just a tractor.
If you are not in a high traffic area then taking your equipment to a dealer might be a better option to let potential customers take a look. Just make sure you have terms worked out with the dealer first.
RoyJackson
Rest in Peace
- Joined
- Nov 17, 2001
- Messages
- 23,144
- Location
- Bethel, Vermont
- Tractor
- John Deere 4052R Cab,, Deere 855D UTV, Z920A Zero Turn Mower and assorted implements
GreatWhitehunter is getting some great responses here (especially from Ken Sweet). One of the most applicable is his comment
When I bought my 790 (with just 24 hours), I tried my bank...nope, no interest in financing any kind of agrcultural equipment. Went through Deere (which was the original plan, but I did want to see what a bank would do), but I was buying from a dealer.
If you do consign the tractor, it may be easier for a buyer to get financing. Another thing to consider when it comes to your implements...Salesguy at my local Deere store (dealt with him over ten years) tells me implements drop 50% real fast...about as quick as you drive off the lot. Sad, but probably realistic.
Good luck in selling your equipment...
although I think he meant to write "Lots of folks don't have 25K..."
When I bought my 790 (with just 24 hours), I tried my bank...nope, no interest in financing any kind of agrcultural equipment. Went through Deere (which was the original plan, but I did want to see what a bank would do), but I was buying from a dealer.
If you do consign the tractor, it may be easier for a buyer to get financing. Another thing to consider when it comes to your implements...Salesguy at my local Deere store (dealt with him over ten years) tells me implements drop 50% real fast...about as quick as you drive off the lot. Sad, but probably realistic.
Good luck in selling your equipment...
sweettractors
Advertiser
Hey GreatWhitehunter and Roy, I forgot to proof read that one, Thanks for the correction Roy :thumbsup: Ken Sweet
beppington
Elite Member
I sell my used stuff on eBay. I make sure I include every detail I can think of & post lots of good pics of very clean items. I then start my bidding at 10 cents, use no reserve & let the chips fall where they may. I've had very good success with this!
The best one: I had a boat I thought was worth $2,500-$3,000, but would be lucky to get that by running a local ad & putting it out by the road, which I knew would be a royal pain (bring it in for the night, put it out, bring it in, wash it, put it out, etc), probably waiting months for a decent deal. I put it on eBay starting bids at 10 cents, no reserve, & 10 days later it sold for $5,600 ... to a guy in Canada!! (I'm in FL! Like there aren't any used boats in Canada?? Nothing special either, just a 1992 bowrider)
By starting the bidding very low, you're sure to get lots of bids at the very low price levels, which I think attracts other bidders. I suspect they're thinking, like me, "Hmm, 20 other people bid; This thing must be legitimate."
And, people love pics ... as we know by this TBN website!! ... So I clean the heck out of the item, & then take zillions of pics & post only the best ones; I'm not hiding anything; I do describe any flaws, but I'm not gonna go out of my way to include them in the pics (unless it's something super important to the deal)
It's almost like you're rewarded for having enough faith to set no reserve. I think a certain # of people get put off having to deal with a reserve, or figure out what the reserve is, etc. At the top-center of my auctions, I put in big, bold letters, "* * * NO RESERVE - HIGH BIDDER GETS IT!!! * * *" That way bidders know that if they just out-bid everybody else, it's theirs, no reserve to wonder about, no tricks.
OP ... You might try this with just one of your implements & see how it goes.
However, I'd probably sell the tractor first, in case the tractor buyer might want 1 or more of those implements.
The best one: I had a boat I thought was worth $2,500-$3,000, but would be lucky to get that by running a local ad & putting it out by the road, which I knew would be a royal pain (bring it in for the night, put it out, bring it in, wash it, put it out, etc), probably waiting months for a decent deal. I put it on eBay starting bids at 10 cents, no reserve, & 10 days later it sold for $5,600 ... to a guy in Canada!! (I'm in FL! Like there aren't any used boats in Canada?? Nothing special either, just a 1992 bowrider)
By starting the bidding very low, you're sure to get lots of bids at the very low price levels, which I think attracts other bidders. I suspect they're thinking, like me, "Hmm, 20 other people bid; This thing must be legitimate."
And, people love pics ... as we know by this TBN website!! ... So I clean the heck out of the item, & then take zillions of pics & post only the best ones; I'm not hiding anything; I do describe any flaws, but I'm not gonna go out of my way to include them in the pics (unless it's something super important to the deal)
It's almost like you're rewarded for having enough faith to set no reserve. I think a certain # of people get put off having to deal with a reserve, or figure out what the reserve is, etc. At the top-center of my auctions, I put in big, bold letters, "* * * NO RESERVE - HIGH BIDDER GETS IT!!! * * *" That way bidders know that if they just out-bid everybody else, it's theirs, no reserve to wonder about, no tricks.
OP ... You might try this with just one of your implements & see how it goes.
However, I'd probably sell the tractor first, in case the tractor buyer might want 1 or more of those implements.
radman1
Elite Member
- Joined
- Jul 8, 2006
- Messages
- 3,016
- Location
- midwest
- Tractor
- JD 4520, Toolcat 5610, Bobcat S300, Case-IH 125 Pro, Case-IH 245, IH 1086, IH 806
Here is another option to consider. I sold my JD 3720 last year and purchased a JD 4520. The dealer told me if buyers needed financing, they could call him and JD could arrange financing. That is certainly a possibility to help someone finance a loan for a buyer. JD will act just like any company loaning money but have more expertise in the farm loans. They do it for farmers all the time.
By the way, sell the attachments, except for the backhoe,tractor and FEL, separately.
By the way, sell the attachments, except for the backhoe,tractor and FEL, separately.
