PA hayseed
Platinum Member
Geedub
I think the average tractor off the lot would sell for about 20% less than new. Once it has hours on it, say more than 10, people look at it as used. In much the same way as if you bought a new car and it had 800 miles on it.
I would say that in the 20 year old category, the tractor flattens out or increases in value. This is just based off of some tractors that I have seen at auction, mainly JD. Like Olezz said, in central PA people overpay for deer like it is some kind of mystical tractor. Old Cub cadet garden tractors in this area also sell for almost 70% of their original value. Some old tractors, like old cars, are collector items and have greatly appreciated in value.
One thing to add to all of this is the price of metal. As metal has gone up, so has every piece of farm equipment I have seen at auction. The scrappers are snapping this stuff up and junking it. When metal eventually goes down, the price of tractors will fall, and the prices for used tractors will fall too.
This is just one guys opinion, from his perspective, from only the auctions I have attended, the used tractors I have priced, as well as the new ones I have bought.
Good luck with your quest. by the way, after you figure this out, start looking into used attachments. I have alot of figures on those and on trailers.
I think the average tractor off the lot would sell for about 20% less than new. Once it has hours on it, say more than 10, people look at it as used. In much the same way as if you bought a new car and it had 800 miles on it.
I would say that in the 20 year old category, the tractor flattens out or increases in value. This is just based off of some tractors that I have seen at auction, mainly JD. Like Olezz said, in central PA people overpay for deer like it is some kind of mystical tractor. Old Cub cadet garden tractors in this area also sell for almost 70% of their original value. Some old tractors, like old cars, are collector items and have greatly appreciated in value.
One thing to add to all of this is the price of metal. As metal has gone up, so has every piece of farm equipment I have seen at auction. The scrappers are snapping this stuff up and junking it. When metal eventually goes down, the price of tractors will fall, and the prices for used tractors will fall too.
This is just one guys opinion, from his perspective, from only the auctions I have attended, the used tractors I have priced, as well as the new ones I have bought.
Good luck with your quest. by the way, after you figure this out, start looking into used attachments. I have alot of figures on those and on trailers.
