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resale value

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cutter
Join Date: Feb 2000
Posts: 1303 The South Shore of Lake Ontario, New York
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2000-11-26          21842


This is probably opening Pandora's Box, but what machine(compact fwd) in the opinion of board participants, has proven to be the leader in resale value when one, two or three years old? I have owned several brands and each time I go to trade, I am told this one doesn't hold it's value as well as that one. "This one" always seems to be the one I own at the time. I have been unable to find a "blue book" similar to that available for cars. Maybe they are so close it really doesn't matter after they are a few years old, but it seems to if you trade more often.

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Ted Kennedy
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Posts: 1
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2000-11-27          21854


And the answer is...there aint one. The object of any dealership is to make money to survive. Knowing this basic rule of business survival, it is up to the customer to pick his/her way through the mine field of truths, half truths, and outright lies. Without a regulated price guide for used equipment you must beware. So must the dealer, it is a two-way street. I have learned that an honest dealer will always do right by a customer and generally survives through the advertised fixed prices he has to charge in order to survive. Service costs, labor, parts, etc. all are easily verified by the customer. This part of the business represents factual profit. What you are asking about takes the customer into the less than verifiable area of the business, this kind of negotiation is more of an art than fact. When you ask to trade one brand for another you are entering the Twilight Zone. The dealer now must delve into the unknown to come up with an answer that will please you, and not take him to the poor house. He has an entire lexicon of replies to choose from. The reply I put the least faith in is the "apples to oranges comparison" based on "popularity" or brand (not counting "grey" market trash tractors). The better deal on this kind of trade-in is the one that has the ring of truth to it, an answer like; "...well, let me examine the machine with you present, I'll show you what I find and how it affects my estimate. If your trade is in good order and I feel I can re-sell it based on the frequency of requests for a good clean used machine we can probably come to an agreement." Generally speaking, a dealer of one brand isn't really keen on another manufacturer's product, one he doesn't stock, because if he has to make good on the machine after he re-sells it, he generally is operating at a loss if your old machine fails on his warranty. He can't control the cost of repair parts and maybe his mechanics aren't equipped to make the repair in a timely manner. For these reasons, he will generally offer you what he feels he can and be safe with, this amount is probably less than what you feel your trade is worth. As a customer, you are going to have to ask yourself some tough questions like; "what is it that makes me want another machine so soon if mine is in such good shape?", and "am I really in a financial position to take a loss on what I'm trading?" Because you can't know the exact value of your trade, the dealer won't either, so my advice is, don't trade it. If you just have to have another machine, sell yours privately in an "as is" condition for what you feel you must get to be comfortable. You'll take more money to the dealer for your next purchase than you would ever have from just a trade-in. ....

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Art White
Join Date: Jan 2000
Posts: 6881 Waterville New York
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2000-11-27          21862


There are differences of resale value that a dealer has to take into consideration. How strong is your trade in the market place? Is it a popular model or one that doesn't fit the bulk of the market? The condition of the tractor is important as well as how it is equipped. Unfortunately the tractor market has gotten like the car market with rebates and low rate finance which means that if you can save $1500.00 over new with out looking at a 0% interest for 48 months you would be spending more to buy the used. A dealer should help you pick a tractor for your needs today as well as tommorow and then you will get past the built in price depreciation from the Manufacter. ....

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tractorpto
Join Date: Mar 2011
Posts: 5 Pennsylvania
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2011-03-27          177628


There is a book with resale value of tractors and equipment. It is a blue book with resale value. http://www.hotlineguides.com/

Farm Equipment Guides is what you are looking for. Well worth the money. ....


Link:   MSRP for tractors and equipment

 
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resale value

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cutter
Join Date: Feb 2000
Posts: 1303 The South Shore of Lake Ontario, New York
TractorPoint Premium Member -- 5 Tractors = Very Frequent Poster  View my Photos  Pics

2011-03-27          177629


This thread is over ten years old tractorpto. Are you affiliated with this particular blue book website? ....

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tractorpto
Join Date: Mar 2011
Posts: 5 Pennsylvania
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2011-03-27          177630


I am not associated with that web site, but please tell me of a web site that will provide you with that information. Edmunds or KBB is free but there are no sites like those.

It seemed like Ted Kennedy had a lot to say about nothing so I thought I would throw you a bone and give you an actual answer.

Yes, it does exist. Yes it is a book. Yes it will save you a few hundred or a few thousand dollars.

What's more amazing is that comments last 10 years. ....

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cutter
Join Date: Feb 2000
Posts: 1303 The South Shore of Lake Ontario, New York
TractorPoint Premium Member -- 5 Tractors = Very Frequent Poster  View my Photos  Pics

2011-03-27          177632


I really don't need anyone to "throw me a bone" on a ten year old thread, but thanks for the offer. ....

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