Think I'll have to pass

rrlund · Jan 24, 2013

Just out of curiosity,I sent some pictures of my 1020 Deere to Worthington Salvage today to see what they'd give me for it for a parts donor. Been thinking about going to look at another loader tractor next week and just wondered what I could get out of this one. They offered me $750 without the loader. I'm not angry or anything,but I believe I'll pass.
The darned old thing has a lot of piddling little things wrong and I didn't know if it was worth fixing them all so I could sell it with a clear conscience,but I guess it might be.
I think I could take the tires off and sell them then haul the rest up the road to the crusher without salvaging anything else off it and get that much. Oh well,another project if I buy a different one.

jm. · Jan 24, 2013

I run in to every day. Folks on this board just cannot face the reality of what old tractors are worth for salvage. Return on the investment is the thing. You are exactly right you could sell the tires then take the rest to a good salvage yard and come out better. On the other hand the parts for that tractor are going to be very slow to sell and they will just be sitting there with $ 750.00 tied up. I do not see the prices these folks claim they are getting for old tractors. Just not the demand in this part of the country, more going to the crusher ever day.

Royse · Jan 24, 2013

The market is pretty low around here right now, but I'm sure you could get
more than that selling it outright.
You might get more if you fix every little detail, but on the other hand you
may find someone who wants to buy a fixer upper so they don't have such
a large initial purchase price.
Selling it as a fixer upper, as long as you're up front about what's wrong
with it, should let you have a clear conscience.
I've bought many of mine with issues that I knew about up front,
a few not even running.
I never held it against the seller unless they were deceitful.

Eldon (WA) · Jan 24, 2013

(quoted from post at 14:05:53 01/24/13) Just out of curiosity,I sent some pictures of my 1020 Deere to Worthington Salvage today to see what they'd give me for it for a parts donor. Been thinking about going to look at another loader tractor next week and just wondered what I could get out of this one. They offered me $750 without the loader. I'm not angry or anything,but I believe I'll pass.
The darned old thing has a lot of piddling little things wrong and I didn't know if it was worth fixing them all so I could sell it with a clear conscience,but I guess it might be.
I think I could take the tires off and sell them then haul the rest up the road to the crusher without salvaging anything else off it and get that much. Oh well,another project if I buy a different one.

Hey they are just helping you out.....less capital gains tax to pay!

rrlund · Jan 24, 2013

Ya,the devil of it is,it's not expensive stuff that needs fixed,it's just not easy stuff. Needs a transmission input shaft seal,so it has to be spilt. The outer wheel bearing on one rear axle isn't out,but I know it was sqeaking until I put a zerk in in place of the plug and pumped grease in to it over and over for about a year,so the axle housing has to come off to fix that. Shift boots are bad,seat cushions are down to bare metal,the cows have ruined the lights and pulled the wiring out of them. It needs a bushing or bearing or whatever they have in that Y that the tie rods and drag link hook to. You can turn the steering wheel about half way in either direction before it takes up the slack. But outside of that,she's cherry.

Rick Kr · Jan 24, 2013

I think that would be a perfect first tractor for someone to fix up and get their feet wet. Meaning that they have someone older and experienced to help them with the repairs.

You listed all the parts, if new owner does their own labor they will have a nice sized tractor to start out with.

Rick

MO8N4ME · Jan 24, 2013

Sounds like the last 2 tractors I bought!

rrlund · Jan 24, 2013

There are people that I'd be OK selling it to that way as long as I told them what was wrong. I've sold things like that before and had the person tell me later how little they put in to something and how great it turned out to be.
On the other hand,some people are just royal P'sITA. I sold a nice 8N Ford to a guy one time. He called me four or five days later,asked me if I had another key for it. I didn't. He said he lost it and he was as pizzed off that I didn't have another one as anybody else would have been if it had spit a rod the first time he started it up.
Another time,I sold some pasture bred Holstein heifrs to a guy in weather colder than this. He hauled them all the way down by Ann Arbor,then called me a month later and demanded that I give him his money back on one of them because she threw a preemie calf. About a month after that,his son called,said his dad died and told him before he passed away to make sure he got that money from me.
Makes me real gun shy to sell anything to anybody for any ammount.

4010 puller · Jan 24, 2013

Same deal with mine. I sold it to a local parts supplier/salvage yard for 1500, everyone else offered 500-750. They are an ok tractor if everything works but really dont have excellent resale value like a 3020/4020. They arent worth putting money into either unless you plan to keep it forever. Try to sell it through craigslist or somewhere or trade it if wanting another tractor through a dealer. You may get more out of it than that. If it needs quite a bit of work 2000 is prob max, maybe less.

JayinNY · Jan 24, 2013

Rrlund, just an idea, if there are any AG vocational schools in your area, why not donate it to them so they can fix it and learn something? Than you can write it off your taxs as a charatiable donation For whatever you think it's worth? Just a thought.

Harvey 2 · Jan 24, 2013

Call Biewer's tractor in Barnsville, Minnesota
They are good to deal with.

Spook · Jan 24, 2013

I sold my 300U after the crank busted in it, I got 2K for it. It had a loader on it, a IH loader that I cobbled onto it. Good tires, sheet metal. I believe the guy was in the biz of parting out IH tractors.

Spook · Jan 24, 2013

BTW, went out and bought a L3400 Kubota to replace it. Great little tractor.

rrlund · Jan 24, 2013

Minnesota's a long ways away. I offered to deliver it to Worthington in St Johns Michigan and that's all they offered me.

pete black · Jan 24, 2013

thats what i got and it is a great tractor.

Traditional Farmer · Jan 24, 2013

It'd bring more than that in my area,if I were you I'd put it in a Spring consignment sale with whatever reserve I could live with and I expect it'd easily bring 1000+.That way its sold 'as is'.Sounds like a good project tractor to fix up with some time and not much $$$$

Bill Krosnicki · Jan 24, 2013

I agree, put it in a consignment sale anywhere in the Thumb or mid-Michigan and it will surely bring more than that, especially if it runs. Marty from Bad Axe will probably buy it, he seems to pay pretty good and he goes to all the consignment sales and buys them by the trailer load. Of course, he parts them out.

LAA · Jan 24, 2013

You didn't buy the Oliver FWA?

onefarmer · Jan 24, 2013

What would be a fair price to you. Gas or diesel?

Rick Kr · Jan 24, 2013

People are the most unpredictable creature there ever was. I have had similar experiences to yours.

The one that shocks me every time is when I am selling something that I know is almost given up its life and the seller really wants it and is happy. A few years later to tell me how great it still is running.

Hogleg · Jan 25, 2013

Wish it was a 2020... no need for a 1020. Sounds fixable and is worth trying to sell it to someone to keep it running.

Perhaps contact a local small town school that has both 4H/FFA and Auto shop. Maybe find a farm/auto kid there that has the desire to fix it up?

Just thinking out loud. Post a pic, ya got me thinking...

John

MO8N4ME · Jan 25, 2013

FWIW: I just looked online and there are 14- 1020's on there and the cheapest was 3850.

rrlund · Jan 25, 2013

Haven't been able to drag myself out in the cold to go look at it yet. I did a mapquest on it and it's 135 miles away. Gonna have to plan a whole day trip to go over there. That's the one I'm interested in though that has me wondering what I can get out of this one.

mkirsch · Jan 25, 2013

A business can't survive if it pays $1500 for a parts tractor that only has $1500 worth of marketable parts on it.

Even us "regular folks" have overhead costs, but most of us don't take them into consideration when we figure out what we have invested in our tractor.

For example, I wanted a set of 560-style fenders for my Super M, to match the ones that came on my Super H. These are far and few between, but I found a set for $150 on ebay, buy-it-now.

Wow, I got those fenders for $150! Great deal, right? Hold on a minute... The fenders were 320 miles away, and the seller wasn't willing to ship. It cost me 13 hours of driving, plus another $150 worth of gas, to go get those fenders.

Those fenders REALLY cost me $300, more if I put a price on my time, but even so they were still $200 cheaper than anything else I'd found up to that point.

Us "regular folks" tend to ignore the overhead costs because we're not trying to make money but businesses have to keep track of every penny that goes out or else they go broke.

MO8N4ME · Jan 25, 2013

As a regular person. I don't figure my time, but I always figure my gas costs. Look at it this way. Lets say you decide to sell the $150 fenders. You would have to sell them for $300 Just to get your costs out of them.

The last loader I bought I paid $250 for it. It cost me $70 in fuel to go get it and trailer it home. So I say I have $320 in the loader before I touch it. By rights, a guy should probably figure mileage.

Think I'll have to pass

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