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Try trading that same tractor in anywhere on a purchase. I doubt they'd give $1500 off your purchase trading that tractor in. They'd pick it apart, missing lights, car tires on the front, no fenders, 2pt. cyl. missing, goofy steering wheel, on and on. When they sell it, suddenly it has a 3pt. (it doesn't), and ROPS (it doesn't).
Some of these tractors DO sell. Someone gets in a bind, needs something in a hurry, or, needs something on credit, or, just plain wants one/wants that one will buy it. They can't sell it if it isn't there. If a dealer sells 1/3 of similar tractors on their lot in a year and dumps the rest at auction, they're still money ahead. They'll give you squat on a trade in, maybe, pay a bit more if it's an auction tractor and really want one on the lot, and, if it's put on the lot on consignment by the owner, add 50+% to the owner's asking price.