Re: Tractor Prices

Posted by billcrews on October 05, 2005 at 11:05:03 from (68.35.255.97):

In Reply to: Tractor Prices posted by dej(JED) on October 05, 2005 at 05:53:20:

If you buy an old tractor at market price (neither too low or too high) based upon what other similar tractors are selling for, and you then have to add transportation charges, chances are you have more money in the tractor than it is worth when it arrives at your doorstep. It is going to take time and inflation in order for the price to increase to the point where you can get back what you have in your tractor, not even considering what upgrades that you make to the tractor.

I have bought several tractors and my hope, when I retire, is to get back what I have in them based upon monies spent to include the purchase price, transporation, parts, and hired help to fix them-nothing for my time and effort. I know that I am going to have to keep them many years to accomplish this goal.

In retrospect, I paid too much for some of the tractors that I have bought, bought some at market price, and bought a few below market price.

If you take you time, be patient, educate yourself by look at current and archived ads to see what other tractors of the type are and were listed for (as long as you are comparing apples to apples), then the tractor that you are looking for will come on this site for sale at a reasonable price, but it won't stay on the site very long before it is sold-if the asking price is reasonable.

To answer your questions, some people are trying to get back what they have in them and, yes, others are trying to make an excess profit. You don't want to deal with someone who is not motivated to sell and is asking an outrageous price.

If I were trying to make a living selling tractors for excess profit, I am sure the pickings would be pretty slim and I would be starving to death. There are a few, but not that many, foolish people who buying tractors.

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