Price Check It pays to shop around.

[grsthegreat]

What really got me was all the hype my dealer gave me when i first purchased my JD870 in 1996. How the JD will hold a greater resale value over time..bla bla bla.

I kept the tractor indoors all its life and it was in cherry shape when i tried to trade it in 14 years later..... the same dealer only wanted to give me $2,500 for trade in...cause its OLD.

give me a break. I sold it on Craigslist for $10,500


so much for what JD thinks their tractors are worth as a used product. But it could be just that this perticular dealership are &^%$#.

I did love that tractor, and if it had a cab i never would have sold it. JD.. or in this case Yanmar sure makes a great little tractor.

 

[chevy]

Hiya,

With that much of a difference on figures that small, honestly I would suspect one of the dealers made a mistake. Hope I'm wrong.

Tom

That was mine & my wife's first thoughts also because the salesman gave me the figures verbally after looking at my 2320 & talking to his sales manager on the phone. I called him back later and told him we were agreeable but wanted to see it in writing. He faxed me the proposal & it listed everything at the amount he gave me verbally.

This morning he came out & I signed the papers.

 

[grsthegreat]

That was mine & my wife's first thoughts also because the salesman gave me the figures verbally after looking at my 2320 & talking to his sales manager on the phone. I called him back later and told him we were agreeable but wanted to see it in writing. He faxed me the proposal & it listed everything at the amount he gave me verbally.

This morning he came out & I signed the papers.

cool... and lets see some pics of the new toy when you get it....

 

[chevy]

cool... and lets see some pics of the new toy when you get it....

I will do that, but it may be a while because they have to order the tractor.

 

[Martian]

In my opinion there's three types of dealers.

1. The ones that just try and screw anyone on a deal and never last long

2. The ones that seem to do you good, give you a fair price on a couple things and once you feel comfortable with them they try and screw you because they don't think that your going to do you due diligence because you trust them

3. The honest hard working dealers who care about their customers and give the best price they can and try and keep a customer for a lifetime. They are few and far between. I had a guy at a local Deere dealer that was like this for me, but since retired, so my next tractor may be from somewhere else and some other brand. You can just tell the difference. I would go in multiple times a week at times, just to talk. He always had free donuts and coffee for me and was willing to go head over heels for me.

It's thought to tell if you got a 2 or 3 yet but lets hope a 3. The things some dealers think they can get away with is stunning. Some people just not doing their diligence. I always compared. Even with my trustworthy dealer.

 

[jenkinsph]

That was mine & my wife's first thoughts also because the salesman gave me the figures verbally after looking at my 2320 & talking to his sales manager on the phone. I called him back later and told him we were agreeable but wanted to see it in writing. He faxed me the proposal & it listed everything at the amount he gave me verbally.

This morning he came out & I signed the papers.

Good deal:thumbsup: Now the waiting starts so let us know when you get it.

 

[revitupfaster]

It seems to come down to how much a dealership is prepared to put into their trade-ins. A trade in represents the "Dealer's" own money, meaning if that trade sits around he is losing money on a daily basis, until the unit moves. Some dealers I'm sure are strung out pretty good with their own bank lines in today's market, and don't want to tie up a lot of their own capital in their used stuff.

A well financed, well established dealer in my opinion seems more willing to step up to the plate on trade prices, because really, he should be able to make more on a good used piece than he can on a new unit. You have to remember though, he probably will have no carrying costs in the new piece, where he will always be worried about his "potential" carrying costs in the used piece.

I had a similar experience when I bought my 2520. I first went to a dealer that was a multi store outfit, thinking that with multiple stores, they should be in a position to have a robust "used" business, and therefore give fair and reasonable values for "good" trades. Well it ended up that I actually purchased my unit from a much smaller "Family" run outfit, that has been in business since "Joes dog was a pup".

I traded in a Yanmar 276D 4wd with a 72" RFM, and the difference in the price pretty much all came down to the trade-in allowance. The multi store dealer offered me $3300 less than the "Family" owned dealer.

I was a recreational products dealer myself, and I can tell you that a lot of things are involved when a customer wants to trade in something. It is a real gamble on the dealers part as to whether he will be able to make money on the trade. Especially when everything a customer wants to trade-in is always in "MINT CONDITION" in their eyes, and they really haven't a clue about the used market.

It also depends on how many pieces he has already in his used inventory.......maybe he just doesn't want to add any more to it unless it's at a firesale price, so he gives a "lowball" trade-in value. Remember, all that used inventory he has in stock, is his own money, and he's the guy paying the interest charges on it. Unfortunately for the dealer, the customer automatically thinks he's a crook because of the lowball trade price, but maybe the real deal is that he just didn't want any more trades.

It's important to shop around when buying something without a trade, but its even more important to shop if you are trading something in. The true value of a "used" piece is no more than what someone will pay for it, and that's a real unknown piece of the puzzle.

REV

 

[Deere Dude]

I had a JD 595 Garden Tractor 4 years old with 250 hours on it and traded it for a JD 740 with basically are the same tractor as far as I can tell. I think I paid around 11-12,000 for the 595 when new and wanted a new one with a warranty. I took some friends advice and saw his dealer and he wanted 6,000 to boot. I thought that was nuts. Just for me to drive around the neighborhood and mow a little lawn it was costing me about 25-30 and hour with my own tractor.
I shopped with two other fairly local dealers and the price was about the same. So much for holding their retail value, I thought. I figured I'll just keep the thing because it was a great tractor.
A week or so later I was near another dealer about 35 miles from home so I just stopped in to get the free doughnuts and see it they could do something better. This dealer gave me a price of around 2500 to boot. After doing a little soul searching I got that one, although I think I still paid to much. But it sure was better than 6k. He told me that in that particular area they had a big demand for my particular 2WD diesel. Go figure. Check around and then check around some more.