You also have to factor in demand. In good crop years, farmers have some money to play with. One of the first things they look at is buying equipment they can depreciate and get a tax write off for.
Three years ago I saw lots of bargains. Two years ago with $9 wheat, when I went looking for a used grain truck at a bargain, so was everyone else and the prices went through the roof. They started the bidding higher than I wanted to pay.
It depends upon where you are and what the farm economy is doing at the time. Most prices are down now so they shouldn't expect as much.
The first tractor I bought was from a dealer. He saw me coming and took advantage of my naivete. That old IH 460 diesel with manure bucket wasn't what I really needed but that is what he had and what he said I needed.
Of course, my 2606 loader/backhoe ebay special wasn't quite the condition claimed by the sellers but that is on me and my responsibility. You assume the risk whenever buying from ebay.
I talked to a guy on Thursday who paid $10,000 cash for a car on an internet site,(not sure which one),and his cash went to some friend of the car owner in New York and he got no car. This was last year. The state attorney general won't help and a Philadelphia lawyer sent his retainer back saying he couldn't help(Don't know why he got a Philly lawyer for a New York case anyway). Some local attorney is now charging him a bunch of his savings right now. I doubt they have any luck and he will spend ten grand trying to get back his ten grand. He wired the money without even exchanging addresses and telephone numbers with the seller so they don't even know who it is. I don't have much sympathy as we all know it is let the buyer beware.
I got a cold call from an out of stater asking me to hold about ten grand in escrow, inspect the condition, make sure it is crated properly, and gets handed over to fed ex ground before handing the guy the check for a Harley. It was going to involve at least 2 trips to this small town, taking pictures, emailing them and so on. I'd have a lot of time in it but as a favor would do it for a couple hundred and he balked at the price. I told him I had never heard of the seller and he wasn't listed in the phone book and likely some methhead. I don't know if he got his bike or not.
Years ago I bought some out of state concert tickets. I called a local lawyer and asked as a matter of professional courtesy between snakes in the grass if I could send the check to them and they exchange it for the seller's tickets when the seller came in. Went off without a hitch.
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