Why buy new

[TheMadOne]

Here's my take on it. I couldn't have bought anything other than an old 8N or cub with cash. Finance rates on newish used equipment would eat any price savings. I was barely in my thirties and not making great money. I needed a tractor. My driveway was eating vehicles, my land was a mess, we were putting off tasks because we had no way of doing them.

Buying new let me get a great machine for a payment I could afford, let me do the work i needed to do without paying someone else to do it and being beholden to their schedule, as well as their definition of a job well done.

I do not regret it, and would do it again in a heartbeat. In fact, I have some serious thoughts about the new M4 that Kubota just announced, if I end up getting a decent sized property in a couple years.(something I'm working toward, and something the payments on the 3301 are helping me build credit for)

That is why I bought new. But I'm not you. You may be better off buying used. If so, that's fine. I might be better off doing so in the future as well.

 

[rScotty]

The only clean tractor I could find was a 2004 L3400 with 1000 hours, when I told him after looking at it that I thought 13000 was a bit high he got POed and took the ad down. At the time I had been getting prices of 18000 new for a comparable Kubota, so why would I buy used knowing that I was taking a chance with no warranty, and within a couple of years I would spring for 4 new tires? (+-$1400.)It wasn't even a shuttle shift, and even I would prefer a hydro to that. Again, where are all of these great deals on used tractors? Because I would have bought one in a heartbeat, and financing wasn't even part of the equation.

By "great deals" I would say that a good used machine for 20% less than original +tax is good to great price-wise for a 500/1000 hr machine. Keeping in mind that a used buyer saves tax and depreciation, plus is likely to get a few extras like manuals and such.

New machine warranties are attractive, but in reality seem to be over-rated. I'm basing that statement on my having read TBN for a decade now, but a person doesn't have read through TBN nearly that long to figure out that there are many more postings about problems with new machines and dealer service hassles than there are posts about problems with replacing used components on used tractors.

Which would you pay more for....an unknown warranty situation? Or pay less for a used machine with proven reliability that needs tires?
rScotty

 

[Newby first timer]

I had been looking for a couple of years for my first tractor.
When I got tired of looking at beat up old junk that needed lots of repairs to be reliable and Had my first real serious project that needed doing.
I started looking at new and with the 0% financing and not having $55K in cash for the purchase as others have said.
I chose to be taken advantage by the Bad Dealer and Finance the best fit Tractor for my purpose's

So my 1st project Was a leach field for my home, My Neighbors paid 25K and 30K for theirs just a year earlier
So it was pay a Contractor 30K+ or put 10K down and make Payments for the next 84 months.

Well my leach field is 4 times the size of my Neighbors and out side of the cost of the tractor it cost me about $600 on material.
and I have a reliable tractor to work my 36 acre land in Arizona which has lots and lots of never ending projects to be done on it.

 

[Industrial Toys]

So, that project should have paid for the tractor. I mean, if you had the money for the project.

Just like pick up trucks, I can't help think that all the people that don't pay for these things off the lot, are adding significantly to the price. I mean, if you don;t have to put the cash on the table, who cares if it's 60 or 80 grand? Sure, throw in the leather seats, it's only another fifteen bucks a month, oh sorry 7.50 biweekly, Ridiculous. People think they are getting such a GOOD, 0% DEAL! They are paying for finance, believe it or not and paying a higher price by a great margin, for this whold "system" of getting stuff now and paying for it later, if you ask me.

 

[Jstpssng]

That's your opinion. Just because somebody isn't paying cash doesn't mean that they aren't shopping for the best deal. If I'm going to shell out 13K for a 15 year old tractor which isn't really what I want or need; it makes more sense to spend a little more and get something that I will keep longer. As I have already pointed out, there isn't a plethora of used tractors to begin with. I probably would have been better off spending the extra 3K to buy new and get what I wanted, but it meant going with a slightly longer loan, and my interest rate would have been .5% higher than the 2.25% which the CU is charging me now.

 

[fried1765]

It's funny. You have an almost new tractor and you can't sell it to get your money out of it, and people looking to buy can't find a good, well priced, used one. It's also funny how people refuse to loose money to Joe Citizen, but don't seem to mind getting screwed by a dealer. It seems to hold true for car/truck and tractor dealers alike.

It is usually all about financing.
Though many state that they "could" pay cash.
They don't....because they like to keep their money in the bank?
Sometimes....Maybe........

 

[fried1765]

So, that project should have paid for the tractor. I mean, if you had the money for the project.

Just like pick up trucks, I can't help think that all the people that don't pay for these things off the lot, are adding significantly to the price. I mean, if you don;t have to put the cash on the table, who cares if it's 60 or 80 grand? Sure, throw in the leather seats, it's only another fifteen bucks a month, oh sorry 7.50 biweekly, Ridiculous. People think they are getting such a GOOD, 0% DEAL! They are paying for finance, believe it or not and paying a higher price by a great margin, for this whold "system" of getting stuff now and paying for it later, if you ask me.

I don't think there are many of us realist/logical thinkers still around.

 

[Jstpssng]

It is usually all about financing.
Though many state that they "could" pay cash.
They don't....because they like to keep their money in the bank?
Sometimes....Maybe........

I'm still trying to find out where all of these "almost new"_tractors are. If I had bought new it would have included all of the fluids for my first service. I don't know if mine had that or not; I didn't think to ask when I bought it, and the dealership deigned not to answer when I did ask. Buying an older tractor also wouod have cost me an extra percentage in interest... Thats just the way my CU is set up.
In this state we are required to pay sales tax on any purchase; new, used, dealer or private. A lot of people probably just take a chance; but that's hard to do when I'm depreciating it against money I make off my land.

 

[Industrial Toys]

Keep my money in the bank? The Interest charges don't even cover the Service Charges like they did, even a few short years ago.

 

[fruitcakesa]

Keep my money in the bank? The Interest charges don't even cover the Service Charges like they did, even a few short years ago.

This is right on!