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Farmall & IHC Tractors Discussion Forum
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How do you determine used tractor prices?

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Karl M

06-03-2005 13:01:19




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I am looking at purchasing a International 340 Utility tractor. This tractor was repainted 2 years ago and looks very good. It runs excellent from what I have seen and all the gears work.

It has a working TA, PTO, rear fast hitch and a bucket with live power up/down w/ a trip bucket. I know the mechanic that has finished working on it for a distributor problem and he says it is a sound machine. It also comes with a set of chains for the rear tire. Tires will last me for as long as I will need it. The look about 80%. New rings were put in a couple of years ago because it started to blow a little blue smoke.

My question is, how do you know how much it is worth? Is there some sort of guide book to at least give you a ball park idea? He is asking $3700.00. Is this to much?

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lee

06-04-2005 07:02:21




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 Re: How do you determine used tractor prices? in reply to Karl M, 06-03-2005 13:01:19  
too much for a re-paint job.



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Van in AR

06-03-2005 21:11:25




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 Re: How do you determine used tractor prices? in reply to Karl M, 06-03-2005 13:01:19  
If the tractor is everything the mechanic says it is I would say its worth the price. Do you trust the mechanic and is it "his" machine?
Van



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Charlie V aka F20II

06-03-2005 20:56:11




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 Re: How do you determine used tractor prices? in reply to Karl M, 06-03-2005 13:01:19  
a 340 is a great tractor for small farms, the asking price is not to much if it's sound, has good rubber, runs well an has been kept up. I guess the questions to ask is how long ago was the fluid, filters both engine an trans been changed. Has the the engine or trans ever been rebuilt, hows the clutch an if they are provoding manuels. The end game is how much do you want the tractor, what are you willing to pay an are you willing to pay the price, if so then the seller is happy an your happy, if not then you look else were. I have sold a number of tractors in the past years, I don't ask anything more than what i think I have in one, so if its a good tractor, straight tin, the seller is not telling you a story, you drive it aound an hear no noise in the rear end or engine, all the gears work well, tires look good then your going to pay a good price. There is some place in the arcives a post/story on how to buy a tractor, do a seach on the site an i'm sure you will be able to fined lots since this question is ask just about every month or bi weekly. Good luck, one other thing I might say is that tin for 340's is sort of hard to find, when you do your going to pay high dollar for it, 340's are to new to be old an to old to be new, thus there are not alot in the bone yards yet.

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jocco

06-03-2005 15:41:54




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 Re: How do you determine used tractor prices? in reply to Karl M, 06-03-2005 13:01:19  
how long has it been for sale? there will be lots of lookers but few buyers. make them an offer about two third ($2500) if they say no come up a bit in a few days unless you really want it and feel its worth it. Atleat that seems to be the way the game is played.



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KRUSS

06-03-2005 15:36:52




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 Re: How do you determine used tractor prices? in reply to Karl M, 06-03-2005 13:01:19  
My method is to ask the wife what we can afford and then offer a few hundred more than that.



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captaink

06-03-2005 16:04:44




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 Re: How do you determine used tractor prices? in reply to KRUSS, 06-03-2005 15:36:52  
That sounds like something my wife would do. Ask how much and then spend more! LOL!



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Nebraska Cowman

06-03-2005 15:23:15




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 Re: How do you determine used tractor prices? in reply to Karl M, 06-03-2005 13:01:19  
Sounds like it is worth it.



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arod

06-03-2005 13:59:10




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 Re: How do you determine used tractor prices? in reply to Karl M, 06-03-2005 13:01:19  
Every bit of energy you do not have to invest in getting the machine running at top notch condition, you must pay for in cash at purchase time. So a perfect running, sound machine blessed by a mechanic is worth every penny. If you want cheaper, buy a wreck and fix it yourself. But I guarantee 3400 is not a thieving price from the owner who invested time and money into getting it running good. Don't be fooled by the prices of other farmalls going so cheap, the M's and H's for sale for 1200 or less, are not rebuilt engines or trannies, we are talking as is running, baling wire hold it together routine. Do one up right, and an H or M will sell for 2500 no problem because the buyer can trust that it has been gone through and is mechanically sound. What a fella pays for is up to him. What do you want? Piece of mind that you can trust your tractor? Or a cobbled up piece of unreliable crap that has a specific job to fulfill for a business reason? I am not being a hardnose, just saying that you get what you pay for. But expect that biatch to be a top notch running machine, no leaks, not a freaking dent on the tin for that price.

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dhermesc

06-03-2005 13:29:20




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 Re: How do you determine used tractor prices? in reply to Karl M, 06-03-2005 13:01:19  
I don't know where you are but that sounds just a little high - but the mechanic's assurance (if you trust the mechanic) might bring it in line. I've seen alot of 8Ns that are about half the tractor bring $2400-$3000.

Trip loaders aren't that popular but you can get a lot done with one and adding a cylinder to the bucket isn't that big of deal if you feel you must have one. Go with your gut, but you aren't going to get hurt too bad at that price. $3000 to $3400 would be a real "good" price.

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PAULIH300

06-03-2005 13:07:31




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 Re: How do you determine used tractor prices? in reply to Karl M, 06-03-2005 13:01:19  
This is a guess-timate on my part,but I would say $2000-$3000.
A 340 is a lower HP tractor than a 350U/460...etc,so I would think it would sell for slightly less.



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