Wow, leave it to vietnam recons to light up this discussion board. I am a newbie to the grey market tractors, and I don't know that I would have even looked had it not been for the insane demand and resulting prices for compact diesels around here. Each time I found a classified ad, the machine was either sold, worked to death, or priced not too far off from new to make it worthwhile. I have so far had a good experience, knock on wood, and if there is one thing for certain it is that I owe lot of gratitude for the contributors here. Could it be that about half of the problem with the recons is the perspective the customer has, and the other half might be the unscrupulous dealer (and I believe them to be the minority) who drops junk on anyone who will take the bait?
When I went looking for a grey, even though the sales pitch was "reconditioned", my perspective was that it was USED. I went on that basis, and the new paint job and other supposed work was just nice extras. Had I purchased a tractor from a private party in a classified ad, there would be no recourse, no warranty, just "Hey, it's yours now, good luck". One dealer I visited had units which looked like they had a wad of bondo stuck in the dents and painted over it. The fasteners looked like they had come from a dozen different places. Dribbles of rubbery stuff squeezed from between machined surfaces, and the hour meters were zeroed. (For some reason I found the zeroed meter to be especially offensive)
Another dealer, from which I purchased my tractor (which I'm sure is a Vietnamese recon), had units which were clean, and I could not find any evidence that the cases or engine had been opened up. Rubber parts were indeed new, not just painted. I thought that I would just listen to the compression a moment, and the thing lit on the first compression squeeze! A bit of black from the stack for a second or two, and then a pretty exhaust. The dealer offered a 30 day warranty on the engine and drivetrain. I've tried to wring it out in that 30 day period, and so far, not a single glitch. No leaks, no broken parts, just a fender bolt that needed tightening.
I think the biggest question is how does a prospective buyer reliably tell the difference between a solid tractor and a hack job ? I believe that the buyer should be free from misrepresented machinery, but maybe we also expect too much based on the new paint job.