Used Kubotas selling for original prices?

[crazyal]

If I trade in something it's because I don't feel like waiting for the right buyer to come along. In the case of a tractor you could sit on one for some time depending on how much you want. If it's only a grand or two, it's no big deal. But $20 grand of equipment sitting idle is a lot of money to be tied up for a month or two. Plus if you took a loan out on the new tractor then you are paying interest on the extra money you borrowed. OTOH if the dealer has 20 of the model tractor I want on his lot and I don't have a task that I need to get done that my old tractor can't do then I sell it outright after finding out what the dealer will give me. Most dealers don't mind you not trading in a tractor.

 

[KB7210]

There is a lot of convenience to trading at a lower value than an outright private sale. I traded my Bobcat 743, and got $6.5K for it. Equivalent CL ads and my personal starting point would have been about $10K in a private sale. But my "convenience" was this:
- Immediate deposit on my new L2501
- No buyers coming to my house, checking out my property
- No nit-picking regarding the worn tires, shabby paint, noisy pump and general condition
- Nobody coming back to me, complaining that XYZ broke when they tried to do the impossible.
- No being held responsible or feeling partially to blame if somebody got hurt. That thing was tippy and an accident waiting to happen in inexperienced hands. It was a good machine, but glad I'm rid of it.
- Not advertising forever and then doing the death drop on the price as I get antsy.

Some people would have seen that as a $3.5K loss. I saw it as time and hassle saved.

I don't know about anyone else but I'm willing to put in a little work to save 3.5K. I guess it all depends on what your income level is. For most of us that's a couple weeks pay.

 

[shootemup604]

I bought my old Kubota used for twice it's original price. Still great performance and capability, and waaaay less than new. Also, it is a very basic machine; no computers, no fancy options.

 

[crashz]

I don't know about anyone else but I'm willing to put in a little work to save 3.5K. I guess it all depends on what your income level is. For most of us that's a couple weeks pay.

I can understand that KB. And I'm not made of money. My biggest problem with private selling was, no matter the point of advertising, I still had to post a location for people to see and test it. And I really don't want to bring strangers to my house to do so. Or, really, invite them involuntarily while I'm away at work. My losses could be a lot more than 3 grand if people with sticky fingers decide to drop by. Not to mention my wife and dogs are vulnerable.

 

[RickB]

In many states sales tax isn’t levied on the value of a trade in. So you get to pay in extra tax some of what was gained by selling the potential trade privately.

 

[Steppenwolfe]

I can understand that KB. And I'm not made of money. My biggest problem with private selling was, no matter the point of advertising, I still had to post a location for people to see and test it. And I really don't want to bring strangers to my house to do so. Or, really, invite them involuntarily while I'm away at work. My losses could be a lot more than 3 grand if people with sticky fingers decide to drop by. Not to mention my wife and dogs are vulnerable.

:thumbsup: Exactly...

 

[goeduck]

I bought my old Kubota used for twice it's original price. Still great performance and capability, and waaaay less than new. Also, it is a very basic machine; no computers, no fancy options.

Those L245DTs are a good solid machine that will last eons properly taken care of.

 

[kuboman]

The price of new is a large factor in what the value of used is deemed to be. Inflation affects the cost of used as well as new.

 

[RandyinTN]

Don't forget..........this is the internet. 99% of the people will always pay the lowest price possible and then keep it 5 years and sell it for more than what they paid

And many places allow you to post "for sale" ads for free, forums, craigslist, etc. Sellers will often list items with ridiculous prices knowing it would take a fool to complete the sale.

 

[RickB]

Don't forget..........this is the internet. 99% of the people will always pay the lowest price possible and then keep it 5 years and sell it for more than what they paid

And many places allow you to post "for sale" ads for free, forums, craigslist, etc. Sellers will often list items with ridiculous prices knowing it would take a fool to complete the sale.

And there is sufficient supply of said fools to keep the practice rolling.