Need help on value of a JD 4020!!!

I can trade for a 1972 JD 4020 with the hydraulic front wheel drive. It is a very late model. Within 500 of the last one built. Now the bad part. This is a one owner tractor. It has been a loader tractor since day one. There is not a straight piece of sheet metal on the entire tractor. What is not bent is rusted. If there is a way to break, bend or just in general tear it up then this tractor has had it done to it. The reason the owner stopped using it is the oil pump failed and it spun a rod bearing. Then the rod broke and knocked a hole in the block plus breaking one of the support webs in the block. So the engine is toast. The transmission and clutch also need attention too. It has been hard shifting for several years. The owner told me the clutch had started slipping in the last few months as well. So it has a head ache and belly ache. LOL

I would have a fair amount of money in it as-is. I know the later JD 4020s are very hot right now with the collectors. I have not seen a power front wheel drive JD 4020 sell lately. So I am not sure what the restored value range would be. I know it will take a lot of time and money to get this tractor back in shape. It might be easier to move the front wheel drive over to another tractor. I know you would easily have over 20K in parts alone in a true "restore" on this tractor.

So what do you fellows think it would be worth now and after being restored?????

I suspect a collector would be interested in doing his own restoration work. There would probably be good money in lining up a buyer and selling it as-is. Maybe offer to do partial or total restoration work at the buyer's direction and at the buyer's expense.

Being a syncro I would say the current value is maybe 7-8000 dollars due to the serial number and HFWA. A regular (no HFWA) syncro with that serial number probably 5500 dollars. A flat out guess once restored (Expo quality) 45-50K and more if Powershift. Of course I can not guarantee that is how the cards will fall.

I wonder how my neighbors had that tractor for all those years and kept me from seeing it?

Present condition,Scrap iron(1000 tops). Totally restored,20 to 25,000 to a 'collector'. Considerable less to a farmer.Just today at the local yearly consighment auction,an average (open station) 4020 powershift sold for 6600. Fresh paint,car tires on front,mismatched rears(50/60%),tin work had some damage/flaws,the owner claimed it had a new injection pump

If I'm hearing this right, engine is junk, trans is nearly junk.
Sheet metal is junk. Tires not discussed.

Sounds like scrap price plus whatever the FWA is worth.
Then add 2 grand for green paint and the loader?

I don't see what makes it worth much in its current condition.
Of course a MM UDLX in any condition would bring big bucks, so...
Whatever the market will bear I guess. :roll:

If you plan on buying it and eventually selling it, my advice is to buy it and try to flip it immediately. Funny how people try to pencil in how much parts would cost, but they fail to figure smaller costs, like fuel and wear and tear on a vehicle when you are chasing those parts.

SNEAK over to his place and steal the TAG! It's the most valuable part on it.

(Just KIDDING, of course!)

I have a older diesel powershift 4020 (Ervin) that had about the same life before I got it. It's simply amazing how some folks can beat stuff up.

3-6 thousand now with a good front end? 20-35 thousand depending on power shift or syncro and other options.

Sounds like a parts tractor to me so I would value it that way. I don't see any way of coming out ahead on it. Even if you spent the money and did the work for a true restoration the numbers won't be what they are supposed to be and for a true collector those numbers are critical so the value won't be there either. JMO

The nice late 4020's with side console & PowerShift, maybe a ROPS & canopy, four new tires, engine overhaul, new cooling system, transmission, rear end, & clutch work if needed, perfect base coat/clear coat paint & sheet metal but just WFE bring $20,000-$25,000 on Mecum's auctions down in Davenport. But get one just a year or two older but still side console and the price drops to half that. Even a '72 Synchro-Range drops the price to $15,000 tops.

The tractor your looking at is spare parts hung around the HFWA. Unless you have a complete side console engine sitting rebuilt in your shop ready to drop in, and new complete sheet metal, put your Deere Green colored glasses away and move on. Just another Deere MONEY PIT that's best to avoid.

As you like those type of tractors just do the restore and put it to work on your farm and not think about selling it. I am sure you can find a good use for it. And still cheaper than a new tractor and also better than the new.

"It's simply amazing how some folks can beat stuff up." Amen to that.

"Break an anvil with a feather"

Thanks Guys!!! I think I will pass on this one. I would have right at $5500 in the JD 4020 if we would trade like the owner wants right now. I did some more number pushing and even at $2-3K it would not work as a restore. While I like JD 4020s I am not a big fan of the hydraulic assist front end. They where finicky when new let alone worn out.

At that price it would make money on ebay.

Ray would it??? The block has a hole in it. The sheet metal is total junk and the syncro range transmission is bad. The clutch is shot too. When you replace the block you then would have an orphan as far as a serious collector as the serial numbers would not be right.

The tractor I would be selling to him is a real nice JD 4040 open station with a fresh engine and good original paint. Truthfully I want to make $2-3K on that tractor. So that would mean I would need to get $8000-9000 out of the JD 4020 as a parts/project tractor. I am thinking that would be hard to do. Maybe not but I am not sure.

The JD 4040 is an easy sell. There where not that many open stations and this one is in great shape. Either of these tractors are selling tractors. meaning I am not going to keep either of them. The more I think about it the more I think the JD 4020 would be a headache.

Pass on it......NO money to be made, and a LOT of work.

Tell the guy if it is that valuable to just sell it and then come buy your tractor out right !

Being a synchro probably worth 16 to 17 tops for a complete restoration ...you'll close to that into it