Buying Used

[fried1765]

My most recent purchases, a tractor, a car and a pickup truck were all new. In the case of the truck and tractor, the cost of new was maybe 10% more than used so we bought new. You factor in warranty, rebates, and maybe 0% financings and new often comes out to be a better deal.

A new Kubota L47 with similar accessories and tax is over $60K.
I bought my equivalent L48 used (250.9 hours) for $32K cash, from a private party.
Only 28K difference.
Ya really think.... "new" would have been a better idea?
$28K+ for shiny new paint/warranty/rebate/0%?
Somebody would have to be smoking the funny weed to subscribe to that concept!
250.9 hours!

 

[Hay Dude]

My most recent purchases, a tractor, a car and a pickup truck were all new. In the case of the truck and tractor, the cost of new was maybe 10% more than used so we bought new. You factor in warranty, rebates, and maybe 0% financings and new often comes out to be a better deal.

Thats what twisted my arm. I had an F-550 with a failing 6.4L Diesel. Would have cost me 15k for a reman engine. I went with the best low finance rate new truck I could. It was time to turn the page. I could have bought a 5 year old used version for 45k, but with no warranty and higher finance cost, it didnt make sense for MY application.

On the trailers: so true! They exhibit amazingly low depreciation. I bought my 2015 Big Tex 24K gooseneck for $9900 and sold it 6/20 for $9,000!!! 5 years of trouble free ownership for $900. :laughing: I estimate I hauled 3000 tons of hay, a couple hundred tons of lumber and 20 tractors with it.
Bit the bullet and bought a 2020 Kaufman 35 38K gooseneck-should be here Monday :licking:

 

[dodge man]

A new Kubota L47 with similar accessories and tax is over $60K.
I bought my equivalent L48 used (250.9 hours) for $32K cash.
Only 28K difference.
Ya think.... "new" would have been a better idea?
$28K for shiny new paint/warranty/rebate, and 0%?
Somebody's gotta be smoking the funny weed to believe that!
250.9 hours!

That’s your situation, mine was obviously different.

 

[Hay Dude]

A new Kubota L47 with similar accessories and tax is over $60K.
I bought my equivalent L48 used (250.9 hours) for $32K cash.
Only 28K difference.
Ya think.... "new" would have been a better idea?
$28K for shiny new paint/warranty/rebate, and 0%?
Somebody would have to be smoking the funny weed to believe that!
250.9 hours!

And the new one has a DPF

 

[RichZ]

I also do a mix of both. New pick ups are too rich for my blood, and I don't use a pick up as a daily driver. I mostly use a pick up to transport hay. I bought a low mileage 2001 GMC Sierra about 7 years ago, and it still runs great. It's got some rust and the AC doesn't work anymore, but for occasional use it's fine. As far as cars, my wife and I car pool to our jobs about 35 miles each way. We bought a Nissan Versa, new in January. I got a deal on it for $14,500, it's a nice little car and it gets 42.8 mpg. I couldn't have gotten a used car to give me what that little go cart gives me. I also bought a new 2018 Outback for more comfortable driving. As far as tractors, I've bought several used and even vintage tractors, but in 2007 I bought a new Kubota, which has been absolutely trouble free.

Buying new or used depends on your use and how much you want to spend. Both can work for certain situations.

 

[Deere Dude]

I generally go for the new.

I can find a used 5 year old pickup with 50k miles for the going rate but many times it has been sitting idling for hours on end or farmers pound them across plowed fields pulling hay wagons. They still look like new but usage was terrible. Same with tractors. I understand how people can be very rough on equipment so I will mostly by new and pound it myself.

A lot of the wear is unidentifiable until the problem surfaces after I bought it. Can't rip a tractor apart easily to see if it was abused.

Many times a unsolvable problem gets pawned off to the next sucker in line.

 

[shooterdon]

I do both and it depends on the numbers. There is no hard and fast rule. But it is foolish for someone like me (not a mechanic and no desire to be one) to save 15-20% on a used tractor....and in my market, that was my reality.

 

[rademamj1]

I have never purchased a new car. Always have purchased a low milage used car, typically after it comes back from a 3 year lease. Significant deals are available and it makes good financial sense.

When searching for a tractor, I looked hard for 18 months for good used tractors, and just could not believe the prices on used tractors. There were very few bargains that could be found on used tractors, and most used tractors lacked any good maintenance records, unlike the used car market which provides such maintenance records.

Most used tractors required cash when buying from the original owner, though some dealers do provide financing on used tractor purchases. Ultimately, I just purchased a new tractor with full warranty, taking advantage of the tremendous 0% for 7 years financing programs. I was ultimately quite happy with the financials of purchasing a new tractor.

 

[chim]

Bought two used tractors, then two new, and last one was used.

Bought a mixture of new and used cars/trucks since the late 60’s. We tend to keep vehicles for a long time. There are different reasons. I’ve had company vehicles since the mid-70’s so they have low miles. They are well maintained and are garage kept. The last one is a 2002 Olds Alero that still looks new and has around 60K miles on it.

 

[Hay Dude]

The best idea is to be open minded and flexible. There’s great buys out there and I have found a few new and a few used. I was looking for a newer or clean used 125HP tractor, no brand in particular, just looking for a great deal. While showing me a new Case IH at a dealer, I spied a Kubota M126X about 300’ away on the lot. I asked the salesman about it. It was loaned to a race track for 100 hours as a demo. It was stickered at 84k. I bought it for 72k as a new tractor with self leveling loader. You have to be flexible and look under every rock for deals, but they ARE out there.
I bought a fully loaded low hour clean New Holland backhoe from southern California for 25k because CA introduced new pollution standards and that backhoe no longer could be operated there. Best I could do on a similar unit here was 35k or more.