Mahindra Resale Value

[bradyky]

Has anyone else noticed or been offered unusually low resale values on late model Mahindra tractors? I have been to a few auctions this year and have noticed that, based on what they are bringing, the Mahindras tend to lose alot more value quicker than comparable Kubota and Deere models. Maybe I was in bad Mahindra country, but there was supposedly a dealer around there who was selling hundreds of them per year so you'd think they would have a strong secondary market. I actually could have bought a 4WD unit the other day with a loader and 100 hours for a little over half what it was new. Then a Kubota came through with a loader and sold for almost as much as it would have cost new. At any rate, just wondering what others are seeing. This seems like a potential problem for Mahindra buyers.

 

[TobaccoRoad]

I've seen where the JD and Kubota hold their value better than most. But I couldn't afford either, so I went with the Kama brand.

 

[YanmarFever]

Used mahindras sell for about 85% of retail whithin the first or second year at all the auctions I have been to. I have a hard time with your statements.
Do you sell john deeres or kubotas for a living ? /forums/images/graemlins/grin.gif
It sure sounds like it.

You can fool some of the people some of the time
But you cant fool all the people all the time !

 

[DavesTractor]

Show me the 100 hour Mahindra's at 50% of new, I'll buy them all and resell them. It sure doesn't happen around here.

 

[YanmarFever]

<font color="blue"> Regardless of how you compare them, the new L30 series is going to outspec Deere and NH. Lift capacity, creature comforts, quality, and, in my opinion, appearance are all superior on the new Kubota. Coupled with the already superior feather step HST mechanism and the enhanced GST transmission (12 and 24 speed) and Kubota has really outdone themselves. To add icing to the cake, the price has remained almost the same. But maybe I'm a little partial since I worked for the company and now sell them for a living. </font>

Never mind bradyky we found your underwear showing /forums/images/graemlins/shocked.gif

post #207697

another kubota hugger exposed ! /forums/images/graemlins/grin.gif /forums/images/graemlins/grin.gif /forums/images/graemlins/grin.gif

 

[bradyky]

Wow...seems like I hit a nerve for asking a legitimate question. Yes, I sell Kubota, Massey, Landini and have sold Zetor, Century, and, oh yes, Mahindra. So, my loyalties are a little more diverse than being, as one genius said, a Kubota hugger. In the used market, I sell whatever makes money. If a donkey comes through the ring under the money, I'll try to make it work. But, as I watch three or four Mahindras (as well as Kiotis and even some New Hollands and Masseys) roll through way under the money (in different months), I have a hard time pulling the trigger because I am not that familiar with them and wonder what is wrong with them. Pardon me for asking the question.

And as for the validity of my statements, I actually did see these tractors sell for a lot less than they sold for new. If you better-informed posters want printouts of auction results, I will be glad to request them. In the future, I will keep my questions to myself so I don't offend others. And as for my underwear showing, sounds like the person who posted that actually showed something a little worse than their undies.

In the future, instead of ridiculing new people to the posts, maybe just maybe you might think about what is being written and try to ask questions rather than being snide and offensive.

 

[YanmarFever]

Sorry man but you are not new around here. Youre first post was in 2002 thats three years ago (hardly new).

Maybe next time you will think twice before making outrageous statements about your competition.
I thought I would turn up the fun meter with you because you droped on the scene putting down mahindras while you sold kubotas.
I called you a hugger because I read your posts in 2002 about kubotas & deeres. It seems you dont like the green either.

<font color="blue"> #204887 - 10/25/02 03:51 AM Edit Reply Quote



Regardless of who is number one today (and I know for a fact that Kubota is), the new L-30 series will remove all doubt. Kubota is upping the stakes in the compact market. Deere came out with a 'gimmicky' e-hydro with no 'foot-feel' and different settings that I personally cannot tell any difference in. Deere has been trying to match the Kubota feather-step hydro for years; unfortunately, the e-hydro is a dressed-up version of the old Deere hydro. Kubota did not copy Deere. Their L-30 series has been in R&D for many years and has already been tried and tested in other markets over the last two years. Many of you may have already probably sat on the new L-30 series. If not, get ready for a religious experience. The improvements that have been made on that machine are too numerous for me to list here. And these improvements are not just a bunch of switches added for eye appeal. Our dealership received the first L3130HST in KY and have gotten great responses from everyone that has sat on it.
Everybody makes a good tractor. However, over the last few years, Kubota has certainly been the best innovator in the industry. The L-30 series will again prove this. </font>

 

[Nightrain1]

Looks like TractorErnie owns you bradyky. If you are legit, then you need a little help on spotting deals to make $, especially if you are passing on a 100 hour Mahindra for half off. /forums/images/graemlins/smirk.gif

 

[MessickFarmEqu]

machinery trader has auction listings that you can pull up for all brands of tractors, equipment blue books are also based on actual resale values. While 50% is extreme, the numbers do show that the 2/3rd tier brands do depriciate faster than the major players. I sat down a few months ago and I think the difference is about 10-15% faster - its not a huge difference.

 

[PBinWA]

I think it's pretty obvious that a lesser known brand like Mahindra is going to depreciate faster than something like Kubota, Deere, or New Holland.

I suspect a used Jinma will depreciate much faster than a used Mahindra. That's not something that should be surprising to anyone.

It's just common sense. Tractor Ernie did make some valid points regarding the motive behind your post although perhaps a wee bit aggressively.

If there is a glut of used Mahindra's in your area then perhaps you should buy them cheap and sell them some where else where there is no glut. Might make some money.

 

[Dargo]

Well, I can't make any broad statements about resale values other than what tractors sell for around my area. I've never been to any "sale". That being said, where I live the manufacturers considered as off brands do not sell very well. Of those brands, I would have to consider Mahindra the best known and, therefore, the best on holding resale value. Because of the popularity and the recognition, a Tractor King from Rural King would be much more recognized in my area than a Kioti. I know some will take that as a slam, but it isn't. It is only stating market conditions here.

Most of the off brand dealers around here have gone belly up. That does not help the overall value of those brands here. I would also have to say that most people here are hesitant to buy a tractor from a guy selling them out of his yard on the side of the highway. Mahindra has been taken on by a few respected dealers and I think that has helped them. Also, Mahindra is the 4th largest tractor manufacturer in the world according to most reports and they do make up more than 1% of the market here. I think the advent of the internet is only going to help many of these brands gain respect and market share and resale value.

Resale seems to certainly be effected by the popularity of a brand and how much people recognize that brand. Heck, I still see more old 8N tractors in use than most of the lesser known brands that are widely discussed here. If I only read TBN, and did not see my local market, I would have a very off view of the actual distribution of tractor brands. Even so, it sure seems that Mahindra tractors are gaining ground here. Five years ago I would not have considered one. Now that I know more about them I certainly would consider one.

 

[Varmintmist]

</font><font color="blue" class="small">( Resale seems to certainly be effected by the popularity of a brand and how much people recognize that brand. Heck, I still see more old 8N tractors in use than most of the lesser known brands that are widely discussed here. )</font>

Thats it exactly.

I personally dont care what the resale of my Mahindra is. I didnt buy it to sell it, I bought it to work it, and work it I do. I did have to look 5 or 6 times before I pulled the trigger on it. I did my home work and am happy.

 

[BamaRob]

I agree. I bought my Mahindra with the intent of working it for the next 15 or 20 years. If I were in the landscaping or excavating business, or a full-time farmer for that matter, where I'm buying/selling/trading tractors on a regular basis, I might be more concerned with resale/trade-in value. But, I'm not. I bought my tractor to work, and, so far, I haven't been disappointed by the Mahindra.

When I get ready to sale/trade in 15 or 20 years, I don't imagine I'll be regretting not spending (a lot) more money on an orange or green tractor with higher resale value. /forums/images/graemlins/laugh.gif

BR

 

[kossetx]

Varmintmist hit the nail on the head. I'm not afraid of the Mahindra at all. I've owned a Jap AC5020 for 15 years and it's done just fine for me. When I do buy a new tractor, hopefully I'll have it for 20+ years. If I sell it for nothing, it still will have paid for itself. My truck ONLY has 185,00 miles on it. I look forward to getting at least 250.000.

 

[Clyde]

Brady - I couldn't afford a JD or a Kubota to begin with and bought my Mahindra 4WD 4500. It has not let me down ever! It makes sense to me that the Kubota and JD might have a higher resale since they are more expensive to begin with. I could care less if my 4500 is worth $100.00 at this point and with 500 hours on it. When it is "shot", I'll buy another. It is as great of a machine as any of the higher or lesser priced machines out there. I don't see myself ready to buy for another 2,500 hours however. We all seem to forget that a person buys a 4WD pickup with a diesel engine for $43,000 dollars and a year later with 25,000 miles, it is worth $19,000 on trade-in. At least TractorErnie is upfront and has been a usefull contributor in this forum for as long as you have been hiding in the shadows and shooting cheap shots in an innocent forum. What's the bottom line for you even posting in the Mahindra forum????? Trying to drive up the price of the few Kubota's or JD's you have collecting dust on your lot for the past 6 months?
If you don't like Mahindra's.....you have your rights to stay away or mind your own business. Tractors are like pickups - walk into a Chevy, Ford, or Dodge saloon and start bragging about your Isuzu and you will need some vaseline.... That is not a threat either, just maybe some sound advice.

 

[cajordan]

I don't currently own any tractor, but that will soon be changing. I grew up on a very large farm and have been around Kubota's and IH (read MITSUBISHI) for the "compact" side most of my life. We never had any issues with any of them. Now, why am I considering a Mahindra...because a few people who OWN Kubota's told me to take a look at as an alternative. One being my father who just bought a B3030 cab to update his old L245DT from the late 70's. /forums/images/graemlins/ooo.gif also has IH254 (Mitsubishi) with 3k hrs+ and still going strong.

Why didn't he look at Mahindra then? Didn't find out about Mahindra until a month or so after he bought B3030.

I personally am not afraid of Mahindra (Mitsubishi) at all based on the above and can put the several thousand I'll save over a Kubota to better use! /forums/images/graemlins/laugh.gif /forums/images/graemlins/grin.gif Most people who are "non-commecial" users never worry about trade in because as a rule they rarely sell.

 

[bradyky]

There have been some excellent points made on both sides. It is true that Mahindra, Kioti, and other lesser known brands do sell for less in most markets...that was their 'in' initially. I actually had one dealer tell me that he was actually encouraged by the company to sell units for little profit in an effort to 'buy business' and get the name out. I'm not sure that is a good long term strategy (this guy is not in business anymore), but I do think that was a way to move into the market. There is actually one dealer (down in Texas, I think) who sells 700 Mahindras per year for less than $1000 profit each. It seems like it would be hard to provide decent customer service at the volume and profit margin. Plus, based on the posts I've been reading through, many of the problems with service have been attributed to the dealer rather than the company. I wonder if that could be due to trying to sell at too tight of margin? When Cub Cadet had Mitsubishi compacts, they were high as a kite...then suddenly the same compacts are painted red and are thousands cheaper. I am guessing Mitsu and Mahindra didn't absorb all the difference.

What I am seeing now is that the Mahindra new prices are coming back to the field. Kubota has actually been close to the same and Massey has been cheaper on many deals. I guess that was the strategy...establish some presence and also a reputation as being cheaper (whether you are or not) and then ride it for a while. I think a significant turning point (one way or another) could be when Mahindra rolls out its entire line of internally engineered and manufactured tractors and no longer uses the Mitsubishi line. I've heard that is in 2007-2008. I wonder which company will be Mitsubishi's next partner.

 

[Clyde]

Brady - I would rather have paid the price for Mitsubishi caliber equipment for a Cub Cadet than to MTD who now makes many of the Cub tractors. MTD is at best an entry level machine in my area for lawn mowers, garden tillers, snowblowers, etc. People around here were looking for a very inexpensive tool and they got burned. MTD was under engineered, and a "cheap" excuse for anything but a one to two year investment. Perhaps Cub did MTD a favor by giving them a chance to build a decent product for once that was built to Cub's specs. I guess if I was lucky enough to recognize a high quality machine when Mahindra was selling them for cost or less....I'm ecstatic. I never won anything in my life but perhaps my luck is changing.

I do give you alot of credit to listening to the flak and responding afterwards to the forum. If you have questions or advice to add to this forum, I think we'll all be glad to listen or help out. You just have to understand that all of us did our own research before we bought our Mahindra's and it seemed to be the best for the money and resale was not my consideration then or now. Clyde

 

[BobG_in_VA]

" I think a significant turning point (one way or another) could be when Mahindra rolls out its entire line of internally engineered and manufactured tractors and no longer uses the Mitsubishi line. I've heard that is in 2007-2008. I wonder which company will be Mitsubishi's next partner."

I personally can't wait till Mahindra does just that! Their 00 series are brutes and are completely built by Mahindra in India. By the way do you know how Mahindra got started and how long they've been in business??? You might be surprised at the market share they hold in the eastern world....BobG in VA

 

[JudgeRoy]

I will say this... I've driven pretty much every tractor made since 1960... Minneapolis Molines, Case 930s, Ford all manners, John Deere every which way.

When I decided to buy a tractor myself, last year, I bought a Mahindra. It hasn't been without problems, like, blown-out O-rings on the hydraulics because they were dry from the factory, and I abused the FEL.

But all in all, they are worth every penny, and if you are concerned with performance rather than "resale", I would recommend them.