This thread is a goodly part of what I have been ranting about in various places all summer (including here). In 9 years we have had 3 (count 'em, THREE) total repaints on our lot. We buy the best grade we can get, repair what needs repairing, and sell them. Occasionally we'll paint a fender, or a hood if it was significantly spotted, or scraped in shipping (happens a fair bit).
Our business, like some others, has been hurt by the abundance of these Asian grade units (and that is exactly what the Japanese suppliers call them...they are very low grade, sold commonly to other places in Asia) which tend to look spiffy to the untrained eye, and have been brought up to "runnable" (it will start and it will run) condition (as opposed to "good running" condition, which to us means operating condition, i.e., ready to go do what it was designed to do with every reasonable expectation the major components are sound).
From what we have seen these units will likely have a high rate of failure. We have had people look here, then buy one of those units elsewhere (in some cases because they were told it was a 2000 or 2001 model year Yanmar, despite our warning them of such lies), then want us to work on it, several times within a couple weeks of buying. We won't work on them if we determine they were Asian grade....because after our repair, the next system failure (and many to follow) will be all too easily blamed on our workmanship. These tractors are money pits. Good grief, if they were viable merchandise and could be sold for less than what we are buying now, don't folks think those who have been in this for some time would be buying them? In any case, we have always said "Be wary of the dealer whose tractors are all repainted." NOTE--before someone flames me, I did NOT say a dealer with all repaints is a scoundrel...I said "Be wary".
As always, if you want a tractor with the highest likelihood of being a reliable unit, shop an established dealer with a good reputation who has been in this market a while.