Is This NH Worth it?

[hubie1]

Really need a new tractor. Always wanted the blue one. There's one near me and here are the details: 2003 New Holland TC-45D Tractor-Loader 4wd with super-steer option. Was babied with only 156 hours & garage kept. The condition is excellent & like new, needs nothing. $ 17,990.
The owner is firm on the price but says there is a post-hole digger that comes with it.

My question: Is this worth the money considering the hours? Any thought would be appreciated.

Thanks,
Hubie

 

[Diamondpilot]

That seems a little high. Figure the price of a new one and the PHD at $600 new. I would not give more than 70% the new price if it is as good as he says.

Also with all the great financing deals buying new could be cheaper than buying a used one if you look at it as a 5 year deal. Especially if you are financing. Either way if you are paying cash put your money in a 5 year bond and take a look at that with buying a new tractor.

Look at used car prices and this will show you how it works. Right now used SUV's are worth noting compared to what they cost new because of the great rebates and financing.

Either way do not fall in love with it. Its a 7 year old tractor no matter how few hours and great it looks.

If its as good as you say I would offer $15,500 and go as high as $16,250. Its a buyers market.

Chris

 

[RobertN]

Here are some comps. Depends on location, seller, ect.

NEW HOLLAND TC40D, Used NEW HOLLAND TC40D, NEW HOLLAND TC40D For Sale At TractorHouse.com

 

[CurlyDave]

Chris is right.

If you have cash, you are in command. Don't overpay.

Fill out your profile, so we can see where you are.

I would start even lower. Figure maybe 60% of the 2003 (not today's) price. Make him an offer and give him your phone number.

The comps in Robert's post are for sale by dealers. A private party should sell for less, maybe half way in between what a dealer would offer him and what a dealer would sell his tractor for.

 

[hubie1]

You guys rock:0) The owner says he really doesn't want to budge on the price, so perhaps I'll just have to wait. Ooorrrrr....Maybe buy a nice NEW ONE!?! Holy crap, that would be sweet! Getting our butts kicked from snow here in N. VA. (Hint on my location)...OK so the TC 45 is near me in Potomac, MD. Everyone on my long private drive has a unit w/ a loader and they keep getting stuck at the bottom of my hill. No one wants to come down here when it's not good beer weather, and I don't blame them. Me? I plan to get chains and NOT get stuck. I know my driveway, and its demons. If we could add a nice new snow blower to the equation that would be a game-changer. What think you?

 

[MtnViewRanch]

Just my opinion here, but price out a new tractor set up the exact same way as the used one. That will give you something to compare to, apples to apples. Go from there, you might see that you could go ahead and just get a new one, or you might feel like it may be worth the price difference to go with the used one and not have a warranty. And while the used one is a bit older, it has very few hours on it and is like new as far as wear goes. Which one to get, that is something that only you can decide on.

Good luck

 

[joes_427_vette]

The 45 is eight model years old.... hardly new any more. Can't blame the guy for trying. He will have it a while at that price. 15 would be top retail. Keep looking and check new. The dealers don't like paying floor plan charges.

 

[TCowner]

Hey guys, not so fast. When buying I like a good deal like everyone else does. However, remember that each one of us will be on the other end of the transaction where we are trying to get a fair price for the item we are selling. Before I bought my John Deere I owned a TC40D and two TC40DAs. Each time I traded, the dealer was extremely fair but to do so my trade-in had to have some value on his lot.

I realize in a free market system the only value that something has is what someone will pay. If it is indeed a buyer's market then both new and used equipment will have less value. If we are selling or trading a tractor during these times then we will take a greater loss.

My only reason for the post is ask everyone to pause when giving advice about how to get the last dollar out of either a dealer or private party trying to sell a used piece of equipment. If the used New Holland tractor's value is diminished then the next time we trade expect the dealer to cry about how difficult it is to sell the used piece. We will pay more.

So I guess it come down to when do we pay. If we are a first time tractor buyer then the lowest possible price only makes sense. But if I'm trying to trade my nice low hour used tractor on New Holland's latest tractor I better hope that there a few potential buyers willing to buy with a little money in their check book.

Sure, we can go after every penny when we are trying to buy but remember 2,3,5, or 10 years down the road there will another buyer trying to get every penny out of us when we are selling.

I suspect that is the way the system is supposed to work. But when you are on the selling end and price your used nice well cared for tractor for a reasonable value be prepared for the hit. It's the classic case of pay me now or pay me later.