How much is my BX 2200 Worth? Help.

nate1725 · Jun 12, 2004

All,

I am selling my 2000/2001 BX 2200. It has been flawless and is in perfect shape and has always been garaged. I have been obsessive about changing the oil and hydralic oil etc.

It has the FEL, Rear Weight box, 60" mowing deck and Kuhn Tiller.

I am moving to NC with my company and no longer need it, so how much is it worth? Any help would be GREATLY appreciated.

Nate /forums/images/graemlins/ooo.gif

Bob_Skurka · Jun 12, 2004

As an outright sale, probably very close to what you paid for it if there is under 100 hours on it.

RoyJackson · Jun 12, 2004

"As an outright sale, probably very close to what you paid for it"

Unfortunately, not the case since a buyer won't get factory financing and the seller is competing with new machines.
Can't give you a real good estimate, but figure if you get what you owe on the machine, plus a few hundred...you'll be doing good.

You might ask your dealer about doing a consignment sale...that will probably be the best chance to get a quick sale.

JDdude · Jun 12, 2004

I would guess 12,500$....

Bob_Skurka · Jun 12, 2004

Roy, maybe it is a regional thing, but lightly used tractors in my area hold their value very well.

As prices of new tractors go up each year, a 2 year old tractor in like new condition, priced at about 85% of its original price is a relative value. Granted, no financing may be a factor for some buyers. But that is what the good ones go for around here. And since many cars depreciate about 25% the first year, I think 15% in 2 years is pretty amazing.

But like I said, maybe it is just this market?

RoyJackson · Jun 13, 2004

"maybe it is a regional thing, but lightly used tractors in my area hold their value very well. "

Could be....Nate doesn't mention where he's from..just that he's going to NC.

Biggest problem is a low hour used machine competes with new units. Nate's machine is 4 years old (2000/2001), so even with comparatively low hours, it's definitely not new. It's most likely out of warranty as well.

I just bought a 2003 Deere 790 w/ 419 FEL. There were 24 hours on the tractor when delivered. In southern PA, the new list is about $15,000 give or take $500. I bought it for $12500 from a dealer in southern Virginia. That's about a 15% depreciation in a year.

Now...here's the funny part...
I traded a 1991 Deere 670 for the 790. I got $7000 for the trade in value. When I bought the 670 three years ago, I paid $8500 for it and a 60" Befco RFM that was only a year old. The Befco wasn't part of the trade for the 790.
So, there was about 18% depreciation for those three years...if we ignore the value of the Befco.
Now, here's how the dealer that took it made out. He sold that little 670 for $8000. He made a thousand on the deal. The buyer purchased the 670 for what I paid for it (although, the Befco was probably worth more then $500 when I bought the 670).

So...I would say that our tractors depreciate 10% to 15% for the first few years, then level right out and hold their value (of course, hours and condition would also be factors, but for this discussion, let us say good to excellent condition applies). This is based upon my recent purchase and a fair amount of research when I was looking to upgrade from the 670. Just a bit more info...the 670 cost about $11500 new (1991 price). Since it had a loader, I suppose we could add another $2500 to that $11500. So, when I bought that 10 year old 670, it had depreciated about 40%. Not too bad...

BTW, I'd estimate Nate will get between $9000 and $10500 for his Kubota.

BotaGuy · Jun 13, 2004

You can probably get in the 9000-10000 range set up as you stated. Ebay is a good place to try, as well as the classifieds here, and try www.equipmenttrader.com.....something like that...part of the Auto Trader publications.

Good Luck

RonR · Jun 13, 2004

For me, I looked at a 2 YR old BX2200. It had 100 hrs and looked like new. But with warranty issues, and I'd have to borrow at higher rates to pay for it, it was cheaper in the long run to go new as the person was asking almost what new would cost me.

Buying new did make me pay sales tax, where used would not have.............

Best wishes, Ron

755inNY · Jun 13, 2004

<font color="blue"> I just bought a 2003 Deere 790 w/ 419 FEL. There were 24 hours on the tractor when delivered. In southern PA, the new list is about $15,000 give or take $500. I bought it for $12500 from a dealer in southern Virginia. That's about a 15% depreciation in a year.
</font>

Should you base the depreciation on "new list" or the what the dealer would sell it to you after discount? If you base it on what you might actually pay for the new unit the depreciation is less.

I think the biggest hit on resale value comes in the first few years mainly because the seller is up against the low or zero percent financing offers, the ease of financing through the dealer and the warranty. The other factor, of course, is the popularity of the model and options of the tractor you want to sell.

I'm a proponent that, if there is an option that is popular but you don't personally need it, it is a wise idea to get it anyway. It will go a long way in helping the marketability of your tractor when it comes time to sell it or trade it in.

In my case, I have a 16 year old JD 755, 1200hrs, 4WD, 60"MMM and FEL that I paid $11,200 (a very good discounted price at the time) and am getting $7,000 trade-in value on a heavily discounted (20%) 4310. The dealer should be able to sell the 755 for $8,000 or higher. That's 38% depreciation in 16 years!

Jeff