Value of a Kubota down the road

[JJZ 109]

Car dealers are paying more for used trucks today than they sold for too.
I'm not sure how any of this is a good thing. Unless of course the item simply isn't needed and won't be replaced.

Agreed. I can only see this being a good thing if you're going to dispose of a vehicle, tractor, etc. and not replace it.
The inflated used values are good for that reason, but the flip side is that in general, new or replacement stuff has no or little negotiation room.

 

[fried1765]

You STOLE IT buddy!
I gotta take you tractor shopping next time I need one!

I have a friend who owned construction equipment all his life.
He owned two concrete plants, and much equipment.
He too told me I "STOLE it".
Bought it from a small time home builder who became afflicted with Parkinson's disease, and could no longer use it.
I did not believe my friend when he made the "you stole it" comment.....now I sorta do!

 

[5030]

Tires are looking worn.
What do they cost to replace?

Original tires, not bad for a 2002 and 2004, I'd say. $5500 for each in Radials. I'll run them down a bit more as traction isn't a big issue in a hayfield.

 

[Rdrcr]

Car dealers are paying more for used trucks today than they sold for too.
I'm not sure how any of this is a good thing. Unless of course the item simply isn't needed and won't be replaced.

It’s gonna be an ugly crash when it happens...especially for those that paid the inflated prices on those used vehicles.

Mike

 

[5030]

All the pre 4 Kubota's will keep increasing in value while the post 4 units will depreciate.

Problem is, pre 4 units are becoming more scarce as owners of pre 4 units are keeping them and...

The pre 4 units are more fuel efficient because they don't use diesel to burn the accumulated soot out of the DPF cannisters.

Of course down the road (at some point) the cannisters will have to be replaced which isn't a consequence for the average user because they won't see the projected 2500 regens (estimated by Kubota before the cannister will need replacement), most likely ever, but an ag user (like myself) would and cannister replacement / cleaning isn't a cheap date.

Not an issue here, no cannister, no common rail, no electronic fuel management.

I have no intention of ever selling either of mine until I quit farming and then I'll sell them but they won't be cheap. At that time in the future I fully expect to get what I paid for them, possibly more.

 

[Steppenwolfe]

Seems like Kubota tractors and guns really hold their value or appreciate! 212 hours on a 9 year old machine kinda struck me as amazing though. That's 24 hours per year or less than 1/2 hour per week. That's just enough to keep everything broken in. Your buyer got an essentially new machine.

Yes he did. First guy who looked at it didn't know much about any brand, a tractor is a tractor? right? The second guy was a Kubota man and snapped it up within 10 minutes. I had no plans to sell when I bought the 5400; but turns out I like it much better so I let the old one go.

 

[Steppenwolfe]

Two questions:

What is that 2012 dollar worth in 2021?
How much would an apples-to-apples replacement for your MX cost today?

That was cheap rent.

Question one... My new MX 5400 was 33,500
Question two... Yes sir, very cheap rent.

 

[Steppenwolfe]

As to the 212 hours... MX5100 was my heavy work horse tractor, once that work was done I always used one of my smaller tractors. To put it into perspective my 6 year old L3301 has 205 hours; my 5 year old 1140 rtv has 200 hours; and my 6 year old mini ex has about 190 something hours; and my 7 year old ZD331 has about 220 hours... I also had a B2620 and sold that with barely 200 hours. (got a hundred bucks more for that than I paid for it) ...

 

[MoKelly]

It’s gonna be an ugly crash when it happens...especially for those that paid the inflated prices on those used vehicles.

Mike

Yes - especially if the purchase was financed.

Could be very similar to the housing crash where all of a sudden lots of folks were underwater on the mortgages.

MoKelly

 

[dadiehl]

A friend of mine is truck shopping. A used dodge 2500 diesel, 2008 with 80 K miles. The used truck lot is asking more for it than when it was brand new in 2008. What bank is going to finance that? Or do they? I have no idea.

 

[Steppenwolfe]

A friend of mine is truck shopping. A used dodge 2500 diesel, 2008 with 80 K miles. The used truck lot is asking more for it than when it was brand new in 2008. What bank is going to finance that? Or do they? I have no idea.

Good point... and a better question... This whole thing isn't going to turn out well.

 

[rScotty]

A friend of mine is truck shopping. A used dodge 2500 diesel, 2008 with 80 K miles. The used truck lot is asking more for it than when it was brand new in 2008. What bank is going to finance that? Or do they? I have no idea.

I don't know much about financing - but even if I did, deals like this are never generic. They depend completely on the vehicle & the individual.

But I do know mechanical things and prices. Deals like this all revolve on condition and history. Any mechanic will tell you that it is possible - not likely, but possible - for that to be a decent price. After all, inflation makes a dollar today only worth 75% of that same dollar in 2008, so your friend is automatically getting 25% off the new price.

And he is getting a model that with proven advantages as well as problems. I happen to like that approach. It's how I buy good used tools & such. Never minded paying top dollar if I got top quality.
Shucks, I'd love to find another '72 Chevy 4x4 PU with 80K at the original price....or at twice the original price for that matter.

So I'd say it could be worth new price... or not.... I'd want to go over it real carefully and if it passed all my research I'm sure it would be OK at the bank.

rScotty

 

[fruitcakesa]

I bought a well used 2004 L4630DTC with 2400 hrs and fel, box blade and bush hog delivered for $15k back in 2014.
I sold the bushhog for $850, put 800 hrs on the L in 4 years and then sold it for $14k.
That paid for more than half of my M6040 [I already had the other half saved]

 

[TractorTYMe]

I think Kubota will always be a good benchmark on holding value, just like green does.

 

[5030]

Especially any Kubota (or Deere or NH or any brand for that matter that is not post 4 compliant or maybe I should say, not post 4 compliant but still able to get parts for as some of the ancient tractors are getting hard to find replacement parts for and the ones you can find are expensive or you have to buy used parts, not new.

 

[5030]

In my view, no one really wants all the emissions compliant junk added on because tractors are supposed to be simple to operate and dependable and the new stuff is neither. Good when they work properly but when they don't, they get expensive fast.

 

[fried1765]

I think Kubota will always be a good benchmark on holding value, just like green does.

My used Kubota L48 TLB has gone up in value by at least $12,000 over the past 24 months (I did buy well).

 

[5030]

Bought the used M9 for 18, put 5 in it and got offered 30 by my dealer. It's not for sale but gives one a pretty good idea of net worth.

 

[Jstpssng]

20 years ago I bought my 1984 L275 for $6500... that's what it went for new 17 years earlier. I looked a long time and it was the only decent thing I could find in that price range... except a new, comparable sized Hardy.

 

[WilliamBos]

Just wrote a work order today on a 2 year old Kubota with 6.2 hours. I'm like, dude why do you own a tractor?

The bigger question, was it brought in for it's first service?