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Tractor Talk Discussion Forum

Looking for original tractor prices

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SGF

02-04-2013 15:45:35




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My insurance company wants the original manufacturer's price on my tractors. I have found prices but not for the correct model year. If I have to I'll use the wrong year's prices but I'd prefer to be accurate.

Anyone know the original cost of a 1968 diesel JD 2020?

I also have a 1960 gas Ford 641 Workmaster. It has a Wagner loader so I"m looking for that price as well.




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SGF

02-05-2013 03:51:59




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 Re: Looking for original tractor prices in reply to SGF, 02-04-2013 15:45:35  
Thanks to all for the responses. I have no idea why they wanted new costs but that's what he told my wife. She's going to ask when she calls back.



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MSD

02-04-2013 20:16:11




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 Re: Looking for original tractor prices in reply to SGF, 02-04-2013 15:45:35  

These prices are from a JD price list catalogue from 1970.
Hope you can read the numbers, they are a little small.
The Ford 641 had a list price of $2,990 and $3,100. That is just for the tractor.

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ss55

02-04-2013 18:31:56




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 Re: Looking for original tractor prices in reply to SGF, 02-04-2013 15:45:35  
Maybe your insurance company is asking "what did you pay for the tractors when you bought them"?

Deere likes to support the used prices of their tractors. Most older Deere tractor in usable condition still sell for their new price or higher so don't sell yourself short.

If your insurance is like antique cars your premiums are based on the insured value, up to the current appraised value. I'd take some pictures to support their current condition and then insure your tractors for their current replacement values. The insurance company will have the serial numbers, they can research the original list price if they want to.

In 1971 dad bought a 2020 gas loader tractor. There was a laminated "window sticker" total just over $6500 list price. Options that I can remember were dual hydraulics, rack & pinion axles, heavy cast wheels, engine side frames, continuous running rear 540 PTO, telescoping 3PH links, and 14.9x28 & 7.50x16 tires. Live PTO was expensive, another $600, I'd guess a diesel engine would have added at least $500.

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FarmerZeb

02-04-2013 18:03:29




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 Re: Looking for original tractor prices in reply to SGF, 02-04-2013 15:45:35  
are you insuring as personal property or as a farm implement under a farm policy?

I have been asked similar question on old vehicles insured as personal property but not on equipment carried as farm equipment on a farm policy. On the farm equipment my agent asks me only for the dollar amount in coverage I want to carry. As long as my number is less than what the maximum replacement value number they come up with it seems to fly.


-Paul

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Ray

02-04-2013 17:11:18




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 Re: Looking for original tractor prices in reply to SGF, 02-04-2013 15:45:35  
Let the insurance company get there own prices.
Don't see what the original cost has to do with anything.There not going to go by your prices if something happens.They pay off with wholesale prices.



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Walt Davies

02-04-2013 16:29:36




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 Re: Looking for original tractor prices in reply to SGF, 02-04-2013 15:45:35  
Your house Insance should have replacement value if not go elsewhere. I have that and it has paid off for me since most of my stuff is older than dirt.
Walt



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english

02-04-2013 16:08:53




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 Re: Looking for original tractor prices in reply to SGF, 02-04-2013 15:45:35  
If my insurance company wouldn"t insure for todays market value, I think I'd go elsewhere for insurance. That is beyond anything I can imagine.Be careful.



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john730d

02-04-2013 16:09:34




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 Re: Looking for original tractor prices in reply to rrlund, 02-04-2013 16:07:37  
Ya beat me to RRlund!!!



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rrlund

02-04-2013 16:10:48




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 Re: Looking for original tractor prices in reply to john730d, 02-04-2013 16:09:34  
By mere seconds it looks like.



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john730d

02-04-2013 16:14:04




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 Re: Looking for original tractor prices in reply to rrlund, 02-04-2013 16:10:48  
Well, I still type a little slow, I had both hands done for carpal tunnel last Monday. Doing real good though.



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rrlund

02-04-2013 16:40:56




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 Re: Looking for original tractor prices in reply to john730d, 02-04-2013 16:14:04  
Good to hear. At least you haven't had to resort to pecking at the keyboard with a pencil from your mouth.



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Stick welding

02-04-2013 15:51:47




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 Re: Looking for original tractor prices in reply to SGF, 02-04-2013 15:45:35  
Depending on the model and condition, some tractors are worth more now than what they cost when new. A real nice MF135 would be a good example. Look at the low hour JD that sold for over $150,000. You should get replacement insurance or the insurance company might say your tractors aren't worth anything.



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