/ Does Anyone Buy Used Tractors? #21
USED. I am NOT qualified to judge between new and used. However, my local mechanic has told me horror stories about the cost and reliability of *some* new models. The electrical, pollution controls, plastic parts and complications of more modern designs *can* be a nightmare. Of course, others' opinions will likely say otherwise. At least around here, there are numerous yards that have old tractors. In a pinch you can cabbage / obtain parts, especially if the item you need is not weather sensitive.I read a lot through the buying/pricing/comparison forums and see that almost everyone recommends new over used. I also see where most folks on here end up buying new. I know it is not everyone but it seems more common. I agree that used tractors are very expensive.
1. Is it because it is harder to finance and folks don't have the cash?
2. Is it because folks don't want to pay that much for used?
3. If the used market is so expensive and no one wants to pay, why does the price stay high? Or are they selling for a lot less than listing price?
4. Are the used tractors even selling or do they just sit forever and not sell?
5. I read a lot of statements about certain brands having higher resale value. Does this even matter if no one wants to pay for it because the resale value is so high?
6. This might not relate but I see a lot if used chainsaws for sale that are way overpriced as well. I guess folks pay for it and folks selling think they are worth near new prices.
Whenever I am ready to get rid off something, I usually put a decent price on it and it sells quickly. Maybe I need to up my price when selling and be willing to wait 6 months.
I hate to say it but you can not trust what these machinery dealers say. I have caught nearly all of them in a lie one time or another down here in my neck of the woods.I bought used last Summer. I also sold my old tractor privately after the new one arrived.
I bought used privately after going to 2 dealers and being told there are no used tractors - we have a waiting list of used tractor buyers. And what you want is in stock for about $50k dollars. When I saw something pop up on my local CL market I bought it the same day. I paid 32K cash and seller delivered. I saved 18k and came home and sold the old tractor within a week for $15k. Also the dealers told me they would give me next to nothing for my old tractor even though I bought from one of the dealers I was talking to. To me it was a good deal. By the way, new used tractor had less than 150 hrs on it and the 3 rear remotes and gannon I needed.
This ^^^ is the answer.I bought new for a couple reasons.
2. Older tier 4 units are worse than the newer models
3. Price was not that much less for used
4. Have you seen how the average CUT owner abuses their tractor? I do not want a newbies learning device.
The difference is that the used compacts are priced nearly as high as new and most don't have warranties.
Some will give you a 90 day or up to a 1 year warranty. I had purchased a JCB from Deere Country and they gave me a 1 year 50/50 powertrain warranty.I usually buy low hour used, but will sometimes buy new. It just depends. The more complicated a piece of equipment is, the more likely I am to value the proven reliability of "low hour used" over something new.
Since I do my own work, having something original from the factory is important enough to pay the extra. The big advantage to buying new is being able to see that someone else hasn't been in there trying to fix or adjust it.
On cars & trucks I've rarely used new warranties. I'll often buy a warranty on a used one and use it. Do tractor dealers offer warranties on used machines yet like the car and truck industry does?