What's a '03 5500 Mahindra worth?

[Quickdraw]

I have the opportunity to purchase an '03 5500 with only 71 hours. Tractor has a FEL and Bush Hog backhoe attachment. Paint on both buckets doesn't appear to even be used. I know the owner well and know that everything is legit. What's it worth?

 

[rvaitor]

Assuming that it is a 4WD, I would think in the low twenties. A new one would probably be in the high twenties or low thirties. The low rate financing on the new ones would bring the price used one down.

Should be an excellent piece. I've had a 6000 and 6500 and think this is a great series.

 

[Quickdraw]

I forgot to mention that it is 4WD. Thanks for the input.

 

[flusher]

I have the opportunity to purchase an '03 5500 with only 71 hours. Tractor has a FEL and Bush Hog backhoe attachment. Paint on both buckets doesn't appear to even be used. I know the owner well and know that everything is legit. What's it worth?

This 5-year old tractor is worth about $12K off a dealer's lot--the FEL is worth around $4400 (that's what the ML-250 FEL with 6-ft bucket cost for my new 2008 Mahindra 5525). Since the hours are so low, maybe $14K for the tractor.