Posted by JD Seller on February 18, 2015 at 17:40:03 from (208.126.198.123):
In Reply to: need a new disc? posted by jon f mn on February 18, 2015 at 13:48:12:
I can show you several pieces of equipment that are the same type of thing.
I know where there is a NEW JD 7200 four row corn planter. It is a wide row rigid frame planter. The dealer ordered it for stock in 1995. They also ordered a conservation model too. That they finally sold as you could slide the units and make it narrow row. The rigid frame one was invoiced at $12500. A few years ago I offered them $10,000 for it. They would not think of anything less than $17,500 for it. Told me JD did not make those anymore so it is worth more money. LOL Well it will have twenty years of lot rot this spring. It is not worth much more than $5-6K now as a wide row.
I know where there are two 400 bushel grain carts that are brand new stored inside. The dealer ordered them in 1990. They are Brent carts. The company had a multi unit discount so the dealer bought four. They sold two. They have set on the other two since then. There is not much market for a high priced 400 bushel grain cart with the newer combines.
I also saw a "NEW" White 5x16 two mounted plow at a dealership in Ohio. They set there for over 25 years. I offered to buy them twice as I would have used the bottoms to rebuild some regular plows. They got $2000 for scrap out of them 3 years ago. They where dealer invoiced for $5200 in 1982. Figure out the time value on what that money would be worth in today's money.
This usually happens when the dealerships are owned by rich old men that do not realize the equipment market changes all of the time and some times you take losses. The usage of equipment changes and some equipment losses value or maybe worth nothing in the local market over scrap price.
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