Value of a Kubota down the road

[Steppenwolfe]

A friend of mine is truck shopping. A used dodge 2500 diesel, 2008 with 80 K miles. The used truck lot is asking more for it than when it was brand new in 2008. What bank is going to finance that? Or do they? I have no idea.

Good point... and a better question... This whole thing isn't going to turn out well.

 

[rScotty]

A friend of mine is truck shopping. A used dodge 2500 diesel, 2008 with 80 K miles. The used truck lot is asking more for it than when it was brand new in 2008. What bank is going to finance that? Or do they? I have no idea.

I don't know much about financing - but even if I did, deals like this are never generic. They depend completely on the vehicle & the individual.

But I do know mechanical things and prices. Deals like this all revolve on condition and history. Any mechanic will tell you that it is possible - not likely, but possible - for that to be a decent price. After all, inflation makes a dollar today only worth 75% of that same dollar in 2008, so your friend is automatically getting 25% off the new price.

And he is getting a model that with proven advantages as well as problems. I happen to like that approach. It's how I buy good used tools & such. Never minded paying top dollar if I got top quality.
Shucks, I'd love to find another '72 Chevy 4x4 PU with 80K at the original price....or at twice the original price for that matter.

So I'd say it could be worth new price... or not.... I'd want to go over it real carefully and if it passed all my research I'm sure it would be OK at the bank.

rScotty

 

[fruitcakesa]

I bought a well used 2004 L4630DTC with 2400 hrs and fel, box blade and bush hog delivered for $15k back in 2014.
I sold the bushhog for $850, put 800 hrs on the L in 4 years and then sold it for $14k.
That paid for more than half of my M6040 [I already had the other half saved]

 

[TractorTYMe]

I think Kubota will always be a good benchmark on holding value, just like green does.

 

[5030]

Especially any Kubota (or Deere or NH or any brand for that matter that is not post 4 compliant or maybe I should say, not post 4 compliant but still able to get parts for as some of the ancient tractors are getting hard to find replacement parts for and the ones you can find are expensive or you have to buy used parts, not new.

 

[5030]

In my view, no one really wants all the emissions compliant junk added on because tractors are supposed to be simple to operate and dependable and the new stuff is neither. Good when they work properly but when they don't, they get expensive fast.

 

[fried1765]

I think Kubota will always be a good benchmark on holding value, just like green does.

My used Kubota L48 TLB has gone up in value by at least $12,000 over the past 24 months (I did buy well).

 

[5030]

Bought the used M9 for 18, put 5 in it and got offered 30 by my dealer. It's not for sale but gives one a pretty good idea of net worth.

 

[Jstpssng]

20 years ago I bought my 1984 L275 for $6500... that's what it went for new 17 years earlier. I looked a long time and it was the only decent thing I could find in that price range... except a new, comparable sized Hardy.

 

[WilliamBos]

Just wrote a work order today on a 2 year old Kubota with 6.2 hours. I'm like, dude why do you own a tractor?

The bigger question, was it brought in for it's first service?