....I stated before My 2015HST was a great tractor and I don't think anything else in this class can compete but the dealers here would not even make me an offer to trade for another Mahindra and I must admit this turned me off a bit on Mahindra said:
Trade-in value, or the desire to take a trade-in is usually a cash flow issue with the dealer. Most dealers have the new tractors on a "floor plan", which basically means the bank (or financing arm of the manufacturer) actually owns the unit. When they sell it, they must immediately pay it off. So let's say a dealer sells a brand x unit for $15,000 and made a 6% margin. He has $900 to keep for overhead and profit, and must send a check to the floor plan people for $14,100. So let's say he takes a trade-in at $9000. He still has to pay off the floor plan immediately, but he cannot do it with proceeds from the sale as he is $9K short until he sells the trade-in. It's eay to have $100K in trade-ins at any one time, and way more than that for a big ag dealer. A dealer must not only have enough reserves to keep the business going, but also to "purchase" trade-ins. There are a lot of dealers working on really thin margins with really thin bank accounts. They simply can't afford to take a trade.
We love trade-ins, I'll even buy used tractors outright from people, but I have some money set aside just for that purpose. A trade-in is often a great piece of inventory, quick to sell and can actually be a real money maker at times.
If any of you ever have a Mahindra you want to sell at a trade-in value and you can get the unit to me, I'll always be interested. So would Ernie I would expect.
So if you have a strong dealer in your area, the trade-in will be desired and it will be worth more.