Used Tractor Discount Percentages %%%%%

[chim]

In my personal experience it was a 25% discount. I only took a $3,000 hit on a B7500 that was 10 years with about 1,100 hours on it. In 2002 it cost about $12K and when I bought the L3200 in 2012 I sold it for $9K. As was mentioned, new tractor prices haven't stood still. I don't know what the nearest comparable new tractor would be to the B7500, but there is likely more than a 25% spread between $9K and the price of a new 21HP B series.

I bought the L3200 outright and had planned on trying to get $10K for the B7500. Before I wrote the check for the new tractor, the dealer saw the B7500 and offered me $9K. Since it could be written up as a trade-in, that made it worth $360 more than the $9K here due to the PA sales tax. I took the easy way out and sold it rather than dealing with goofballs and scam artists replying to ads.

 

[Poopdeck Pappy]

The brand name will be a factor too. Kubota and Deere, especially, will bring a higher percentage of their original price than some lesser known brands will.

If you want to get really silly, check the asking prices for a used John Deere 4020, which is a 40 - 50 year old tractor (made from the early 60's to the early 70's). Some asking prices are more than they sold for new (around $10,000).

For me, I just compare the used one to a new equivalent and decide whether the savings are worth the risk. If, for example, a new one is $20,000 and I can buy a 3 year old one for $15,000, I have to decide if $5,000 is worth the risk of (a) not having a warranty, (b) not knowing how (or if) the used one was serviced, and (c) not knowing how it was used or abused.

 

[downslope]

...For me, I just compare the used one to a new equivalent and decide whether the savings are worth the risk. If, for example, a new one is $20,000 and I can buy a 3 year old one for $15,000, I have to decide if $5,000 is worth the risk of (a) not having a warranty, (b) not knowing how (or if) the used one was serviced, and (c) not knowing how it was used or abused.

+1 exactly. What someone paid 3 years ago will have almost no bearing on what it will fetch today. And if the purchase was 40-50 years ago like the 4020 it means almost nothing since (1)prices have gone up so much over 50 years and (2) some buyer/sellers might consider a clean old 4020 approaching collectability status.