So where are all the used tractors ?

greggh · May 2, 2008

DavesTractor said:
In California, the trade-in does not lessen the taxes. The tax is computed on the price of the new tractor, the trade-in is used as a partial payment as if it was cash. No tax advantage. Texas and some other states have a little nicer tax laws. We do have farm tax situations where the tax is only 2%, so that helps.

In Texas if used for agricultural purposes, there is no tax on the tractor. You do have to be registered with the state as a farmer or rancher.

chh · May 2, 2008

greggh said:
In Texas if used for agricultural purposes, there is no tax on the tractor. You do have to be registered with the state as a farmer or rancher.

It is the same in Oklahoma. Auto's and P/U's are taxed when tagged thru the state based on the vehicles MSRP so there is no advantage on trade in or selling privately. P/U's tagged as farm trucks get a break with the Farm Tax card, but you are not supposed to tow boats or RV's with a "farm truck".

When I bought my first MF, the dealer sent a guy he knew was looking for a tractor like I wanted to trade in out to look at mine. He offered me the same trade in as the guy was willing to pay for my old tractor. I got a higher trade in than other dealers where willing to offer, he sold the new tractor and didn't have to clean up, repair, and sell my old tractor. The guy buying it got a good price on a dirty tractor that needed work. We all ended up happy.

AndyMA · May 2, 2008

chh said:
It is the same in Oklahoma. Auto's and P/U's are taxed when tagged thru the state based on the vehicles MSRP so there is no advantage on trade in or selling privately. P/U's tagged as farm trucks get a break with the Farm Tax card, but you are not supposed to tow boats or RV's with a "farm truck".

When I bought my first MF, the dealer sent a guy he knew was looking for a tractor like I wanted to trade in out to look at mine. He offered me the same trade in as the guy was willing to pay for my old tractor. I got a higher trade in than other dealers where willing to offer, he sold the new tractor and didn't have to clean up, repair, and sell my old tractor. The guy buying it got a good price on a dirty tractor that needed work. We all ended up happy.

In Conn and Mass you are only taxed on the price you pay minus trade in. You must trade, not privately sell.

Andy

AndyMA · May 2, 2008

greggh said:
In Texas if used for agricultural purposes, there is no tax on the tractor. You do have to be registered with the state as a farmer or rancher.

In Conn you do not pay sales tax on ag products. To becoem a farm requires real farm income of a certain amount as proved by your income tax return and an approval process by the state. To be exempt from property tax on your tractors you need to generate $15,000 of ag income per year.
But at leat we can drive them on roads without plates and insurance.

Andy

MadJack · May 4, 2008

I just bought this little Case 430 yesterday for $2500 with the backhoe on it!
Listed on craigslist one night and I was driving down to pay for it the next day.
188ci diesel with no leaks except for the hoe.

MossRoad · May 4, 2008

You'll get some work out of that one. Nice find.

MReeb · May 5, 2008

MadJack said:
I just bought this little Case 430 yesterday for $2500 with the backhoe on it!
Listed on craigslist one night and I was driving down to pay for it the next day.
188ci diesel with no leaks except for the hoe.

That's a really good deal. I would pay that for just FEL alone if it was in fair shape.

RobJ · May 6, 2008

N80 said:
I think that means 5.1% of the employable population is unemployed. Now, how they define the employable population I don't know. I know plenty of folks who are perfectly employable but prefer their welfare or disability status to gainful employment.

I also am not sure how we can have ANY unemployemnt rate and still be told that illegal labor from south of the border is necessary for our economy since there is no one else to do the work. That does NOT compute!

I thought I heard or read somewhere/sometime that the number produced by the gov is an actual number. But they say that a certain number (can't recall) like 3.0 or 2.5% is unemployable or will not work. so subtract and you have the actual enemployment...2-3%.

Well I googled it...sound like a best guess of a select few..

How the Government Measures Unemployment

RobJ · May 6, 2008

greggh said:
In Texas if used for agricultural purposes, there is no tax on the tractor. You do have to be registered with the state as a farmer or rancher.

Forgot about that, there is also some tax advantages if you can do that. I recall a few years ago that you could also depriciate the full value of the tractor in the first year instead of over many years. Maybe the wrong terms, I'm not an accountant, but a big tax deduction in the first year. Not sure if that still happens. I keep trying to tell my BIL that he is not using the taxman enough for his weekend farm and his 40 head.