Hi I am new to this site and forum. My dad passed away and I am inheriting a New Holland TC40A with attachments. I went to the dealer to get a fair market value for tractor and attachments. When he gave me a price of 1/3 of what was paid for it, saying his brother would buy it, I felt a bit deceived. I just want a fair price to pay for medical bills on something my dad purchased for his retirement. Can anyone give me a fair price on a New Holland TC40A with bucket, 4" wood chipper, power angle front snow blow, 72" finish mower. I have search the internet but not sure if the prices I am seeing is fair or not. I am located in NE PA. I don't know much about tractors but willing to learn if need be.
Price Check New Holland TC40A
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Sue18431,
Welcome to TBN and my condolence to you and your family's loss of your dad.
I have a similar model-2002 TC40S and it is one tough, get the job done tractor.
You will get help here on pricing but you need to have to be ready to offer more specifics as to brand, age, condition and model numbers of the attachments, how many hours on the tractor's meter, tire condition, stored outside or inside, loader model (probably 16LA or 17LA), loader bucket width, any added rear or front hydraulic remotes, etc. and if you can, post some general photos now. Ask as many questions as you need, you will get answers here. The more specific you can get adds to the bottom selling line.
Did your Dad keep a file on the tractor and implements?
Welcome to TBN and my condolence to you and your family's loss of your dad.
I have a similar model-2002 TC40S and it is one tough, get the job done tractor.
You will get help here on pricing but you need to have to be ready to offer more specifics as to brand, age, condition and model numbers of the attachments, how many hours on the tractor's meter, tire condition, stored outside or inside, loader model (probably 16LA or 17LA), loader bucket width, any added rear or front hydraulic remotes, etc. and if you can, post some general photos now. Ask as many questions as you need, you will get answers here. The more specific you can get adds to the bottom selling line.
Did your Dad keep a file on the tractor and implements?
sweep
Gold Member
Sue
Sorry to hear about your Dad.
Here is a link to the TC40A page on tractorhouse.com Look under 40-45 horsepower tractors and then click on New Holland. It will give you a good indicator of prices. I would try to sell to a private owner and bypass a dealer.
As mentioned, sell off the individual pieces separetly as not every buyer is going to want all the attachments.
Sorry to hear about your Dad.
Here is a link to the TC40A page on tractorhouse.com Look under 40-45 horsepower tractors and then click on New Holland. It will give you a good indicator of prices. I would try to sell to a private owner and bypass a dealer.
As mentioned, sell off the individual pieces separetly as not every buyer is going to want all the attachments.
Jerry/MT
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Condolences on the loss of your father.
The value of the tractor and equipment will depend on the equipment's year of manufacture and operating hours (tractor), brand, size, condition, and demand.
While hours on the tractor don't tell the whole story (use and maintenance are also important factors) you'll need to provide that info to potential buyer. Any reciepts you have for the initial cost and maintenance performed, etc can help defend a low use tractor's asking price. Searching places like Tractorhouse.com can help you get an idea of a price range. You might also find the equipment there. tractordata.com can help you find the horsepower and other info on your dad's tractor.
Another possibility, since you are new to tractors, might be to contact a farm equipment appraiser and have him appraise the equipment.
What ever you do, don't be in too much of a hurry to sell. Your dad invested time and money to purchase this equipment and he got some use out of them before his passing.You should get fair value when you sell.
The New Holland is a 2007 TC40A with 203 hrs. It has been garaged kept. The few things I know according to the paper work is there is a 4" wood chipper, power angle front blade, 72" finish mower, not sure the size of the bucket loader but the arms that attach the bucket say 250 TL. The dealer whom he purchased the tractor has done the usual maintenance on it (oil, etc). All the attachments have been under cover. I would have to look through the booklets to see add'l info (ie: tire size, front or rear hydraulics). I can post pictures of tractor but not sure yet how to attach. We would sell attachments separately but weren't sure if they were universal to other New Hollands or other brand tractors (I previously mentioned I didn't know much about tractors). We didn't want to see a piece of equipment that may sit unused. The dealer wasn't very helpful on giving me information on the versatility of the attachments. As I learn more, I will post and continue searching. Thanks for helping me.
Jerry/MT
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From your description, you have a top dollar machinery; low hours, dealer maintained and stored inside. (I'm assuming your dad didn't flog the equipment).The attchments are generic with regard to the tractor, i.e., they work on any machine with the same catagory three point hitch so you can sell them separately or sell the whole package. Once you figure out the pricing you can discount the whole package a couple of hundred dollars less than the sum of all the individual parts for a quicker sale. Once you get an offer, don'taccept it unless it's full price. Get back here and ask the folks on this forum if you're not sure.
Look at tractorhouse.com. They have a bunch of TC40A with loaders in both 2WD and 4WD configurations and many with low hours. That will give you some target prices for the tractor/loader. Since they are a matched set (both NH) there is more value there. Google on the implement brands and models and also check tractorhouse.com and see what they are going for on the web. You'll have to discount the used equipment from the new price and maybe the tractorhouse data can help you there. If the equipment is really sharp looking you might ask for 85% of it's new value as a starting point. These are arbitrary numbers so don't ask me to defend them.(The hours of use on the attachments are probably very low so there is value in that. Obviously very few people will pay full price for used equipment.) The market will determine what the equipment is worth.
Get back if you have any questions.
jinman
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I've never been shy about giving prices, so here goes:
2007 TC40A with 250TL loader: Probably sold new for $22k to $23k. It no longer has any warranty, so you need to deduct $3k for that. It has 203 hours, so that's worth about $2k in price. The tractor is 4-5 years old, so that is another $2k. So we start at $23k - $3k - $2k - $2k and we come up with $16k. You want to leave some negotiating room when you price the tractor, so kick it up to an asking price of $18k and then know you can negotiate down to $16k or slightly less. Always start on the high side because you can't negotiate up; only down.
4" chipper: We aren't sure of the brand of chipper, but a good chipper will sell for $3,500 to $4,000. Some premium brands will be $5000 new. Depending on use or condition, you should be able to get at least $2,500 to $2,800. If it is really rough looking or a Chinese off-brand, then you'll probably get much less. What I'm saying is that if it is a Wallenstein or similar well-known chipper, you could get 60-70% of original price. If it is a chinese built chipper, expect 50% or less.
Front angle snow blade: A quality snow blade with hydraulic angle sells new for around $2000 to $2500. These are not high wear items, but they also are seasonal and your best price is going to come just before winter or during the snowy season. I'd price the blade at 75% of what your dad paid and negotiate down from there, but not go below 60% unless you just cannot get it sold at the higher price.
Rear 72" finish mower: The finish mower is a problem because there are so many of these available. New 72" mowers sell from $1200 to $2500 depending on brand. The problem is people will not spend more for a used mower than a new one even if the used one is a quality mower. If the mower is New Holland brand mower, it will bring a premium price, but don't expect to be able to sell it for more than around $1500. If it is not a New Holland, expect to be down around $1200 or slightly less.
Sue, I'm sorry about the loss of your father and hope I've helped a little. Please don't take my word as "gospel" on these prices. Also, anyone who thinks my info is bogus please speak up. The truth is that anytime you are selling equipment as an individual, you are competing with dealers who have financing arrangements and even zero interest plans. They offer long-term and short-term warranties as well because they have repair shops and can buy parts at wholesale prices. As an individual, you have to make sure your equipment is a bargain that will beat a dealer's price. That's just a fact of life. Spend some time looking at craigslist and Tractorhouse for comparison prices. Tractorhouse tends to be high in my opinion because they have lots of dealer ads. If you want a wider craigslist search, use a search engine like Searchtempest.com to look at craigslist ads all over the USA.
Finally, TBN has a classified section. After you decide on fair pricing, please post here in the classifieds. I don't know a better place to reach lots of folks who are looking for tractors and equipment.:thumbsup:
2007 TC40A with 250TL loader: Probably sold new for $22k to $23k. It no longer has any warranty, so you need to deduct $3k for that. It has 203 hours, so that's worth about $2k in price. The tractor is 4-5 years old, so that is another $2k. So we start at $23k - $3k - $2k - $2k and we come up with $16k. You want to leave some negotiating room when you price the tractor, so kick it up to an asking price of $18k and then know you can negotiate down to $16k or slightly less. Always start on the high side because you can't negotiate up; only down.
4" chipper: We aren't sure of the brand of chipper, but a good chipper will sell for $3,500 to $4,000. Some premium brands will be $5000 new. Depending on use or condition, you should be able to get at least $2,500 to $2,800. If it is really rough looking or a Chinese off-brand, then you'll probably get much less. What I'm saying is that if it is a Wallenstein or similar well-known chipper, you could get 60-70% of original price. If it is a chinese built chipper, expect 50% or less.
Front angle snow blade: A quality snow blade with hydraulic angle sells new for around $2000 to $2500. These are not high wear items, but they also are seasonal and your best price is going to come just before winter or during the snowy season. I'd price the blade at 75% of what your dad paid and negotiate down from there, but not go below 60% unless you just cannot get it sold at the higher price.
Rear 72" finish mower: The finish mower is a problem because there are so many of these available. New 72" mowers sell from $1200 to $2500 depending on brand. The problem is people will not spend more for a used mower than a new one even if the used one is a quality mower. If the mower is New Holland brand mower, it will bring a premium price, but don't expect to be able to sell it for more than around $1500. If it is not a New Holland, expect to be down around $1200 or slightly less.
Sue, I'm sorry about the loss of your father and hope I've helped a little. Please don't take my word as "gospel" on these prices. Also, anyone who thinks my info is bogus please speak up. The truth is that anytime you are selling equipment as an individual, you are competing with dealers who have financing arrangements and even zero interest plans. They offer long-term and short-term warranties as well because they have repair shops and can buy parts at wholesale prices. As an individual, you have to make sure your equipment is a bargain that will beat a dealer's price. That's just a fact of life. Spend some time looking at craigslist and Tractorhouse for comparison prices. Tractorhouse tends to be high in my opinion because they have lots of dealer ads. If you want a wider craigslist search, use a search engine like Searchtempest.com to look at craigslist ads all over the USA.
Finally, TBN has a classified section. After you decide on fair pricing, please post here in the classifieds. I don't know a better place to reach lots of folks who are looking for tractors and equipment.:thumbsup:
Jerry/MT
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Jim, my only comment is that, in my opinion, unless there were big changes in features between model years or certain model years were problematic, I'd challenge your deduction for model year. Hours is more important on a tractor. Reading between the lines and based on the OP's descritions, I believe this machine obviously led a pampered existence because in four calendar years it has only 203 hrs on it.
Also, having a warranty has value but 13% of the original price($3K/$22.5K) seems a bit much. $1000-1500 might be more appropriate particularly if the tractor was not problematic as built.
I agree with the marketing aspects you addressed. Price it too high and buyers start thinking new.
Not trying to start a big argument, just expressing a difference of opinion. Opinions are like belly buttons-everybody has one!
jinman
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You sure won't get any big argument from me. All your points are well-taken. The problem with 203 hours in my opinion, is you don't have any specific record of use from the original owner. The tractor was probably serviced at 50 hours, but it's not even ready for its 300 hour service after 5 years. My opinion about the tractor's warranty hit is that the PTOs can be problematic and also the condition of the clutch needs to be looked at carefully. If the PTO never had to power a rotary cutter, but only the finish mower, it's probably in top shape. The real problem with that tractor is its age. Very few people would buy that tractor over a 2-year old tractor near the same price range even if the 2-year old tractor had more hours (just my opinion). I do think the warranty is worth $3000 because if you have any major powertrain problems, you are going to spend $3000. I know I'm high on this and your points are just as valid as mine. Remember, I was giving Sue the bottom-line price and recommending she try to sell the tractor at least $2000 more than my bottom-line.
I should have also mentioned that a savvy buyer will be telling her that these tractors have been discontinued and NH no longer sells them. She should NOT be taken in by this argument. I'd much rather have her tractor than one of the new LS models. Sue should not let anybody use that as a reason to lower the price. She will have people who want an HST tractor and tell her that hers is not the Deluxe model also. That's true and she is not asking a Deluxe model price. If it were the Deluxe HST model, Sue could get $1000-$1500 more, but if somebody wants an HST tractor, they need to be looking elsewhere. Sue shouldn't let them talk her down in price because of that.
...and finally, since the OP's username is sue18431, I'm making an assumption that the poster is female. If that is not the case, I apologize in advance for my she/her references.
k0ua
Epic Contributor
I can post pictures of tractor but not sure yet how to attach.
sue when you are posting, before you submit your reply look down a little further in the Additional Options box and there is a button that says "manage attachments" so press that and make sure you know where your photo's are are on your computer, then when the pop up box appears, it is fairly self explainitory on how to press the browse button in the pop up window and browse to the photo's you want to attach. attach each one, by pressing the upload button and wait for it to attach, then when finished, scroll down in the pop up window to the "close this window" button and the pop up window will close. then you are back on you reply to thread window and ready to press the "submit reply" button and you should be good to go. I cannot comment much on the NH, pricing but you are in good hands here with the folks that know.
James K0UA
sue when you are posting, before you submit your reply look down a little further in the Additional Options box and there is a button that says "manage attachments" so press that and make sure you know where your photo's are are on your computer, then when the pop up box appears, it is fairly self explainitory on how to press the browse button in the pop up window and browse to the photo's you want to attach. attach each one, by pressing the upload button and wait for it to attach, then when finished, scroll down in the pop up window to the "close this window" button and the pop up window will close. then you are back on you reply to thread window and ready to press the "submit reply" button and you should be good to go. I cannot comment much on the NH, pricing but you are in good hands here with the folks that know.
James K0UA