Finders Fee

[MasseyWV]

i buy for a couple of salvage yards and depending on the pieces i find for them i get between 250 and 500 just for locating them and making a deal the salvage yards do the rest (which is mainly newer tractors that aren't many broke yet)

I could see paying $50 or maybe even $100 but there is no way I would pay someone that kind of money just to find one, unless it were an extremely rare tractor. In the case of the tractor I will be looking for (Massey 135 or 150), it's anything but rare.

 

[Soundguy]

i hear ya. I had a guy find me a ford 541 offset and he wanted nothing near that... and offsets are kinda rare for fords...

 

[Farmwithjunk]

Some people call it a "finders fee". I call it "net profit". If I see a decent tractor at a good price, I usually BUY it. Then, after I "find it", you'll be able to buy it at a slightly higher price. Not trying to sound greedy, but that's how I make a portion of my income. You will always get a GOOD tractor when you buy from me, you just won't get a "cheap tractor". I sell @ full market value. It brings me much personal discomfort to trade dollars and leave money laying on the table.

 

[bucktaker]

What is your actual tractor budget? If know several of us could provide leads..I just saw a MF 150 for sale on Sunday while on a sunday drive If I knew your tractor type and budget I could get the number and let you work the deal.

I have a tractor jockey friend who is a really good tractor mechanic who does as FWJ does "finds em" "repairs em" and "sells em" Not a bad way to buy a older tractor if you dont have the necessary experience.

 

[Zebrafive]

WoW! Buy a tractor and pay for on the first job!

 

[MasseyWV]

Some people call it a "finders fee". I call it "net profit". If I see a decent tractor at a good price, I usually BUY it. Then, after I "find it", you'll be able to buy it at a slightly higher price. Not trying to sound greedy, but that's how I make a portion of my income. You will always get a GOOD tractor when you buy from me, you just won't get a "cheap tractor". I sell @ full market value. It brings me much personal discomfort to trade dollars and leave money laying on the table.

There is nothing wrong with making a reasonable profit but it usually involves buying a "cheap tractor" and selling it for more than you paid for it in much the same way as a dealer does. Noone likes to leave money on the table, where sellers try to make as much as possible and buyers try to save as much as possible. Economics 101.

What is your actual tractor budget?

It greatly depends on the tractor but when the time comes (1-2 months), I plan to spend between 3-5k for the right tractor which should leave enough room for me to spend an additional 2k or so on it's restoration.

 

[bucktaker]

Not mine saw it on the roadside area code 937

3800.00 OBO Here you go with perkins diesel

 

[Slynxwiler]

I saw one tonight on a local site. MF 135 gas with attachments for $3600 but likely negotiable. It's in Southeast Missouri, and I sent you the link in a PM. Good luck!

 

[MasseyWV]

Thanks for the info on the tractors but unless someone has one and is willing to wait, it will be 1-2 months before I will be ready to buy one, due to a recent financial setback.

When the time comes, I will be certain to make it clear that I have cash in hand and am ready to buy because unlike the last time I went tractor shopping, I absolutely plan to get a tractor this time and won't have to rely on the uncertainty of financing to get it.

 

[Dr_Zinj]

Plain and simple.
It's a fair price when the buyer and the seller don't feel like they cheated each other.

 

[sweettractors]

Has anyone ever tried offering a finders fee to anyone who helps them locate a specific type of tractor or other equipment they are looking for? Finders fees are a common business practice and since I'll be looking for an older used tractor soon, I thought it might be worth giving a try.

Thoughts?

I set a delivered price that I will give for a particular piece and the quality standards I expect. I don't care how much my buyer gives for the piece. I have a dozen working relationships currently with dealers and individuals in Ky, Tn, IN and AL. Keeps a steady flow of incoming product. Ken Sweet

 

[creekbend]

Plain and simple.
It's a fair price when the buyer and the seller don't feel like they cheated each other.

My thoughts exactly. If incorporating a "Finder's Fee" aids you in locating the specific make and model of tractor that you want, then I think this method is appropriate.

 

[Soundguy]

yep.. especially if you are having a hard time locating it yourself.. etc..

 

[whodat526]

i hear ya. I had a guy find me a ford 541 offset and he wanted nothing near that... and offsets are kinda rare for fords...

yea but im talking about high dollar salvage tractors not 600-800 series the newer stuff

If he gave some one 100 dollars he would be doing fine

 

[Soundguy]

all depends on what the person wants.

if some guy is looking for a diesel 861 with power steering 'like his dad had'

paying a small finders fee to find a good one is no big deal.. etc.

I know of SELLERS actually offering their tractor for sale.. witht he finders fee as an extra bonus to what they wanted or needed to get out of it.. or as an incentive to move something that was not previously for sale!

soundguy

 

[Oleozz]

The Lancaster Farming magazine has a very popular feature called Mailbox Markets where individuals (mostly farmers) advertise there wares. It's a free service to subscribers, you're allowed two a month, and on a normal week you will find 400 to 600 ads. If you are looking for a piece of farm equipment here in the east that's the place to look.