1972 4020

NY 986 · Dec 12, 2014

My question is as follows. Is the supply adequate for the demand for those looking to buy one. A couple of friends seem to think that the price has dropped somewhat for good but unrestored units. Not so much with Power Shifts but Synchro Ranges. What is your opinion.

tim s · Dec 12, 2014

My Nephew went from here in south east Ohio to Wisconsin to get a 72 Sychro range in good, not perfect condition paid $17500 for it..

Joe Mindy · Dec 12, 2014

The 1972 4020 Is probably the most desirable tractor ever built. The tractor ws 20 years ahead of its time.

larryanderson · Dec 12, 2014

The demand is there for nice unrestored tractors.The 179 Depreciation should be approved which will help but the simple fact that $7+ corn has a long tail.But the cattle,hog,and poultry are excellent and people still should have prospered the last few years.At the last Mecum Auction things were down at least 10%+.People ask what a nice unrestored 72 4020D is worth and I tell them to find one first.Lately I have had requests for open station 30 series as they are now 40yrs.+Thats probably the next hot one.

newgenjdcollector · Dec 12, 2014

It is a desirable tractor but I think the market has softened a bit recently. I don't think there are as many guys chasing them right now that there was and that is bringing the price down some. I have seen a few collections come up for sale recently that I wouldn't normally expect. In my personal opinion the price for a 72 4020 had gotten a little over inflated.

I think the 72 4320 is a lot nicer tractor and was built in far fewer numbers so theoretically it should bring a premium to the 4020, but it doesn't. I hope that changes someday and that the 4320 and 4620 bring big premiums to the 4020.

NY 986 · Dec 12, 2014

The bottom line is I think that anybody that has wanted one "has got their own" by now. It has been so desirable that guys got started decades ago that had the money such as the local seed dealer. Even somebody that wanted more than one variation such as Power Shift as well as Syncro Range has both plus tricycle or whatever else they desire. There are over 20,000 1972's produced with many of those coming available due to retirement or death of some of the owners. As Larry said full restorations will bring fantastic money as some guys will not want the hassle of doing the work themselves. Since the cost of parts, paint, tires, and labor will not go down I think fewer bidders are going dingbat crazy for anything that happens to be out there.

newgenjdcollector · Dec 12, 2014

The fact is that there seems to be plenty out there right now. A year or so ago, that wasn't the case. You had to search high and low for a 72 and pay thru the nose for a decent one. Even bottom of the barrel 72s had 20k price tags. I have seen more 72s in auctions here of late than ever. Not only is the collector market soft right now, but from a farmer perspective, why give close to 20k for a 72 4020, when you can pick up a cab 4430 for less or even a 4440 for slightly more.

My theory is that there is going to be a lot of turn-over in tractor collections in the next 10 years or so as the baby boomers decide to hang it up. Same goes for farming. Nearly every farmer in this area is in their 50s and 60s. Very few 20s-40s. Depending on the markets, this could create more supply and lower prices of everything from equipment to land itself.

Andy P · Dec 12, 2014

There is one for sale here in Alberta every once in a while, one locally in good shape with 148,cab a month ago for 11k, wish we had waited. They are not as pricey as they used to be. We bought one a couple years ago in fair condition for 10k.including 148 loader,cab,big tires. Just had clutches put in.

ss55 · Dec 13, 2014

If people are using 179 depreciation to buy collector tractors instead of buying new equipment then I have to wonder if the taxpayers are getting their money's worth out of that tax incentive. Maybe it's time for it to expire or be trimmed back.

larryanderson · Dec 13, 2014

Some good points.New and large late model sales are really soft.People like myself bought their first new tractors in the 60s and early 70s [65 1206 IH & 1969 4020]also a 66 ChevyII L-79 of which I have duplicates of each which bring back priceless memories .I never had a 2CYL and first tractor driven was a 8N at young age and finally getting my chance to plow with SMTA.A lot of the older gents have passed on with family having no interest.Same with farms some of the family only sees them as money when they meant everything to the previous owner.The tractor world is made of of a lot of hard working honest people that are glad to have something in common to share with each other.Money in the bank is fine but tangible things are more fun.The 4020 will remain one of the pieces that shaped the tractor world.

NY 986 · Dec 13, 2014

In my situation it would be a work tractor that happens to have some personal appeal if I were to get one which is not apt to happen. I don't have the money to buy something that will sit in the corner of the barn.

1972 4020

NY 986

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tim s

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Joe Mindy

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larryanderson

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newgenjdcollector

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NY 986

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newgenjdcollector

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Andy P

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ss55

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larryanderson

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NY 986

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