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For valentines day my wife said....

Bruce from Can.

Bruce from Can.

Well-known Member
Location
Woodville, Ontario, Canada
I could go ahead and look at other tractors. So I did. Our bigger Kubota tractor GX135 has been a good fit here on our farm , but the smaller Kubota GX100 has never been able to fulfill my expectations. So I asked the dealer about what I could do on a trade. The smaller tractor we have had for 26 months, and has 1000 hrs on it. Gave $73,000.00 CND for it, they will allow me $71,000 against a new Kubota M6 141. I can finance for up to 84 months at 0%on the difference. So am I wrong to think that I have had this tractor for 1000hrs for 2 grand? New tractor is quite a bit bigger and comes with 8 year warranty. I was going to turn the GX100 in when it got to 2500 hours, but now I am thinking...... Bruce
 
I'm on my third Kubota Loader Tractor. Mine are smaller ones. The last two I traded in after they were depreciated out, after seven years. My current one I've had five years now. Resale value has been the main reason I've traded them in. I do take good care of them and only put about 200 hrs. a year on one. Although they will give you a better price on your new one if you opt out on the free interest and pay the difference in cash. At least here in the U.S. the free interest is not really free. That been my experience with it anyway.
 
You must be....! As for the tractor, price an outright no trade purchase of the exact same tractor you are trading in...a newer model perhaps, but the same power, options etc. as your trade in. That price less your trade in's value will tell you what it cost to own and operate it for 1000 hours. Looks good on paper,but it depends on how much you have to pay difference. You could also see what your trade in model is listed at in for sale ads, and price the replacement tractor at cash. Lots of different ways of looking at it, you just have to figure which is best for you. Then, factor in the cost of a real nice present for your wife $$$$$. Ben
 
Typically the list price has some cushion in it, so it's difficult to do a straight math equation as you have.

You'd need to find the best straight cash price for the new tractor, and thrn back through to the actual intrest and trade in values from that.

And asking the same dealer chain, they probably won't give you a square comparison at this point. The numbers remain 'fuzzy'' to keep you from really knowing.

Not saying it's a bad deal, just that it's not so straight forward to compare. And I don't know much, I've never bought a new thing, and only really one used tractor, from a dealership. Mostly because I can't figure out their sort of math...... ;)

Paul
 
The one new tractor I bought in my life,the Deere dealer knocked 12% right off the top because I didn't trade anything in. Of course that was back when we had dealers who competed with each other.
 
Kubota really wants to get the new series of higher HP tractors out into the field. They also forced dealers to stock heavily on them, or get none. SO the dealer wants to reduce his inventory, and Kubota is offering those big incentives to get them retailed. A win win situation for you.
Loren
 
The M6 isn't the newer series it's basically the latest skin on the m120/m125x/m135x/m135gx which is a good thing, pretty mature product.
 
(quoted from post at 07:31:31 02/15/17) I could go ahead and look at other tractors. So I did. Our bigger Kubota tractor GX135 has been a good fit here on our farm , but the smaller Kubota GX100 has never been able to fulfill my expectations. So I asked the dealer about what I could do on a trade. The smaller tractor we have had for 26 months, and has 1000 hrs on it. Gave $73,000.00 CND for it, they will allow me $71,000 against a new Kubota M6 141. I can finance for up to 84 months at 0%on the difference. So am I wrong to think that I have had this tractor for 1000hrs for 2 grand? New tractor is quite a bit bigger and comes with 8 year warranty. I was going to turn the GX100 in when it got to 2500 hours, but now I am thinking...... Bruce
Click to expand...

I would always try to sell what I have outright before I trade. Dealers are in it to make money, therefore they have to hedge on a trade...they just have ways to make it look good for you LOL!
 
Well, I'd say that your comment ..... "So am I wrong to think that I have had this tractor for 1000hrs for 2 grand?" is maybe a wee bit misleading (not that you intended it to be). If he was giving you $71,000 in your pocket for the smaller tractor, then you used it for the time period mentioned for $2000. Trading it in against a larger tractor and the $71,000 probably being subracted from the MSRP at the dealer, is "sort of" another kettle of fish as they say.
 
Bruce several things to look at. Make sure the 0% is not costing you any rebates. On JD the low rate financing would cost you a cash discount. So lets say there is a 4% cash discount or a 0% financing deal. If dealer invoice is $75000 then the discount would be $3000. So if you traded in your tractor and only had to give $20K for a trade difference then you would be paying $3000 to finance the $20K at the 0% "deal".

I just figured 5% interest on a $20K note for 7 years is $3456.40 per year or $24194.77. So in my example the 0% would be a better deal. If you financed less or paid it off in a shorter term the results can easily be the other way.

As for the value of the actual trade your thinking about. If the smaller tractor is not really doing the job you need it to do then the payment/trade difference is really a moot point. You need a bigger tractor to do the job. So if the additional payment fits your budget I would make the trade. Your basically going up 40 PTO horse power. That is more inline with what most chore tractors are around here (125 PTO HP)
 
Well it is a far better deal than you could ever hope to get out of a car !
I have often thought of buying a cab tractor and drive it back and forth to work. No license plates & no insurance required. But then likely low tire life on expensive tires ? I see several Mennonites/Amish types doing this around here.
 
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