rScotty
Super Member
- Joined
- Apr 21, 2001
- Messages
- 8,263
- Location
- Rural mountains - Colorado
- Tractor
- Kubota M59, JD530, JD310SG. Restoring Yanmar YM165D
SNIP..... While brand new tractors depreciate quite a bit it stops after a few years, I'm not sure a five-year-old tractor is worth appreciably more than a ten-year-old one. For personal planning I might assume a tractor depreciates 50% in the first five years and then not at all after that.
My experience is similar. There is a period of initial depreciation for about 5 years and then not at all after that for many years...even decades.
My guess would be closer to an initial 25% in the first five years or 5%/year and then rather abruptly the value becomes static.
The next change in price happens in terms of condition and hours rather than years. At somewhere between 1000 & 2000 hours and still in decent condition I would put the value at 50% of new. It will hold this new value for a long, long time.
I simply would not recommend buying any machine in poor condition. You don't need to do so. There are plenty of nice ones.