Price Check John Deere unbelievable trade-in offer

[VA MTN MAN]

Note to self: Change Deere stock opinion to "Don't Buy"

Yep if this is standard buisness you can bet that dealer wont be there in 40 weeks much less 40 more years.

 

[ole farmerbuck]

Yep if this is standard buisness you can bet that dealer wont be there in 40 weeks much less 40 more years.

Hmmm, I dont think this is 'standard'. Its a one time offer isnt it?

 

[Gale Hawkins]

Hmmm, I dont think this is 'standard'. Its a one time offer isnt it?

While we know one posted from Canada that they got the same deal on the same model in Canada last year how many three year old tractors out there that will pass for new which is a requirement for this deal.

15 years ago the local JD dealer called my wife's uncle and offered to buy his 20 year of 4020 for what he paid for it new.

This current offer is NOTHING new for JD dealers to do at all. It must be a profitable image building tool they have discovered.

 

[nickel plate]

Where are all the "Big" risk takers? :B
He has his tractor currently and will not give it up until the dealer brings the new one. What in the world are you talking about?

If the dealer has been there for 40 years I really do not see the risk other than $500. He will read what he signs.

What?? The salesman has this "big risk taker" gentleman going back and forth to the dealership, salesman: "here's the tractor I talked to to about", days later "Oh no, that's not the tractor I can sell you, it's still out there somewhere between the factory and my sales yard".....
I do hope it really works out for the buyer and not some misleading ploy conjured up by his local renagade Emerald City dealership.

 

[wallace]

I would have taken the tractor and told them bring me the mower when it comes in.
I think June will turn into July and so on......
Please prove all of us wrong! Especially me A DEALER!

 

[bz1]

Update: Went to dealer today and we both signed the standard JD purchase agreement. This agreement is the same one I signed for the last two machines I bought except it has my trade-in listed. It simply says they are selling me a "new" 2520 tractor with "new" 62D mower deck and "new" 7 foot Frontier back blade for $16.5K. In trade I am giving them my used 2520 with 390 hours, my used 62D deck, and my used back blade for a total trade in allowance of $16K (I paid $16.9K for my machine 3 years ago). Total unpaid balance is $500 plus $34 state sales tax payable upon delivery of package. The line that lists the payoff value of my trade in says $0 (no loan balance). I wanted this signed because now I have the deal spelled out in writing. The serial numbers of neither machine are on the document yet, that will be added when the balance due is paid and the new machine is in. The purchase agreement has the factory order PO number listed, he showed me the factory PO on the computer for a new 2520 with deck. The 62D deck will arrive in two weeks, the tractor is schedule to arrive on June 5. No money will change hands until the package is in place and delivered. The salesman again asked if I was OK waiting until June to get my tractor because if not he'd give me the new one on the lot as soon as the deck arrived. I can't see how I can go wrong on this. I think I know enough to recognize a new tractor and new implements when they show up. I don't pay a thing until my new package arrives at my door and they load up my old stuff. I think this is going to work out. I appreciate all the warnings because I have been considering them all but I just can't see a down side to this. The best explanation I've seen on this is simply that by doing this deal with a past customer they are essentially selling a new machine at a reduced price while at the same time getting another customer to go green by offering a nice used machine. Two happy customers, no embarassing price cutting, and lots of good press as we all talk about it. Think of it this way, hypothetically lets say the dealer would normally make $4K on the sale of this package, i.e he pays $12.5K for it. He gives me a new machine for $500, takes my old one and sells it for maybe $14K. He might even already have a buyer who he knows will take the used one. He essentially sold the new machine for $14.5, still made $2000, made two sales, and has two happy customers instead of only one. Not as much profit as normal but might make sense under some circumstances to make sales and gain customers. As long as he knows he can get more than his cost of a new machine out of my old machine this deal makes him money. I'm curious Rick Wallace whether this makes any sense to you as a dealer. I have a friend who sells cars and he said he's seen this kind of thing many times. So far I'm still happy! If they show up with anything less than promised they won't get a penny from me. Someone tell me I'm not nuts. BTW, he is planning on making two more similar deals only it will cost the buyer $750 instead of $500. He said he just can't be as agressive on the next two used machines he needs on his lot.

 

[Gale Hawkins]

Glad the deal is in writing. Still not sure why others are stuggling with the logic and has been the practice of JD dealers for many years to buy back quality used machines.

 

[MarkV]

I'd say go buy a lottery ticket, you are on a roll right now.

MarkV

 

[KENSFM]

I think you should have taken the "new one on the lot" tractor, and I don't understand why the dealer is interested in your "20 year old used back blade". Is the blade you have made by JD? Good luck, but be very careful with this deal. I would also call JD customer service and explain the deal to them.
Ken

 

[sbussell]

Sounds like a valid deal to me. No dealer is going to draw up a purchase agreement, signed by both parties, and then back out for no good reason. My guess is that he has someone interested in the trade in. Great deal bz1!
I might buy that lottery ticket, but there's no reason to call JD customer service. What would good would that do?