TRACTOR PARTS Allis Chalmers Case & David Brown Farmall & International Ferguson Ford & New Holland John Deere Massey Ferguson Massey Harris Minneapolis Moline Oliver & Cockshutt Kubota / Yanmar

TRACTOR MANUALS

Allis Chalmers	Case	Farmall IH	Ford 8N,9N,2N	Ford
Ferguson	John Deere	Massey Ferguson	Minn. Moline	Oliver

Discussion Forum

Do you take down payments???

Welcome Guest, Log in or Register

Author

Ray

07-03-2003 15:34:01

Report to Moderator

Do you guys take down payments on tractor? Seems
like everytime I take a down payment the guy either wants his money back,or you have to hunt
him down to get him to pick the tractor up.They
say in a week or two and a month later the tractor
is still setting here.I've had two people last year who left $100 deposits and never came back.
I got 100 bucks,but it cost more than that to
resell it.I usually say I don't take payments,
all or nothing,and I've had a few people leave.
Guess they didn't have the money to start with.

[Log in to Reply] [No Email]

rhudson

07-04-2003 00:53:04

Report to Moderator

Re: Do you take down payments??? in reply to Ray, 07-03-2003 15:34:01

i have bought many tractors by making a downpayment with a personal check (usually 30 - 50% of selling price). balance in cash the day of the pickup(after the check has cleared the bank). but to have a good deal both people have to be happy. and you are right, alot of times i don't have enough money to purchase the tractor outright (not without shifting money from one account to another) so it helps me if a seller will wait till the end of the month for the cash balance. but clearly its their tractor they can control the deal. why does it cost you more than a $100 to sell a tractor? around here you place a free add and receive a dozen call the day its published.

[Log in to Reply] [No Email]

Ray

07-04-2003 18:41:38

Report to Moderator

Re: Re: Do you take down payments??? in reply to rhudson, 07-04-2003 00:53:04

I don't have much luck on the internet,yes you
do get a lot of response,but not many buyers,most
are looking for something underpriced.I have better luck in the Heavy equipment trader which is
around $80 for a photo add and around $20 for
most farm paper adds.The majority of tractor
buyers don't have computers.

[Log in to Reply] [No Email]

Gene Davis

07-03-2003 21:04:55

Report to Moderator

Re: Do you take down payments??? in reply to Ray, 07-03-2003 15:34:01

I have 3 plans: 1; CASH 2: CHECK 3: OR FORGET IT! Works very well in almost every case!

[Log in to Reply] [No Email]

Nolan

07-03-2003 19:09:47

Report to Moderator

Re: Do you take down payments??? in reply to Ray, 07-03-2003 15:34:01

Sure I take downpayments. And I hold them to the letter of the law. The downpayment is non-refundable, and good only for a limited time, I usually specify 10 days.

It's stopped some people cold who thought they could loan me 20 bucks and tie me and my item up indefinately for free. It's also clinched some folks in who weren't sure they wanted to commit.

[Log in to Reply] [No Email]

havvey

07-03-2003 18:14:55

Report to Moderator

Re: Do you take down payments??? in reply to Ray, 07-03-2003 15:34:01

common problem in the northeast the trick is to get deep into there pockets 25-50 % and if they dont come back they forfit the money as for buying most of the time i pay 100% and retrieve the object asap

[Log in to Reply] [No Email]

Hal/WA

07-03-2003 17:03:09

Report to Moderator

Re: Do you take down payments??? in reply to Ray, 07-03-2003 15:34:01

I have actually never sold a tractor, only bought them! But I have sold many other things, including lots of cars and trucks of various values. I have also bought a couple of hundred of them. I often have made deals both ways on vehicles in which I either leave a $100 check or have accepted $100 checks to hold the vehicle in question for 24 hours. I always have a written and signed sales agreement that the negotiated price will be payed in full the next day in cash or local cashier's check. The next day the money changes hands, as does the vehicle, and the $100 check goes back to the writer. I always write in the agreement that if the full amount is not payed in the agreed upon 24 hours, that the $100 check belongs to the seller. I have never lost my $100 and have never collected anyone else's $100 in such a deal. They have always worked out fine and I have protected a number of good deals in this way.

I just plain will not accept a personal check from anyone I don't know for much of anything. Too much experience with bad checks in a former job.... Any more, it is almost impossible to get a criminal prosecution on a single check, and any civil lawsuit would cost more than the value of anything I have ever sold. So no personal checks. Period!

[Log in to Reply] [No Email]

Trevor

07-03-2003 16:40:45

Report to Moderator

Re: Do you take down payments??? in reply to Ray, 07-03-2003 15:34:01

I would say that it depends on the price of the tractor. If it is a $300 tractor than 100%. But if it is a $4000 tractor than I would say that a 25% deposit would make them come back. Plus you have to lay out some ground rules if you want the tractor gone in a certain time period. Take their down payment and say that if you haven't heard from them in 4 to 5 weeks then the tractor goes back on the market. (It would be best to have it in writing but I hate turning tractor deals into a legal exercise.)

I would question anyone who wants to leave a $100 deposit on a tractor worth less than a $1000. Do they not have the money? If so, than they can't afford the tractor, move on. Some people just get nervous giving a 100% deposit because you could sell the tractor to someone else and they are out the money.

This is just my opinion but I guess that is what you are looking for.

[Log in to Reply] [No Email]

Mike (WA)

07-06-2003 09:16:53

Report to Moderator

Re: Re: Do you take down payments??? in reply to Trevor, 07-03-2003 16:40:45

I probably make about $5,000 a year on handshake deals in which people "don't want to make it a legal exercise". A writing can be on a scrap of envelope or piece of brown paper sack (the middle layer of most paper feed sacks is not wax coated, and makes fine legal paper). Without the writing, the judge has to decide who's lying, and you can't assume he'll make the right decision.

[Log in to Reply] [No Email]

Bob

07-03-2003 15:54:38

Report to Moderator

Re: Do you take down payments??? in reply to Ray, 07-03-2003 15:34:01

Are you a tractor seller or a bank?

[Log in to Reply] [No Email]

Dick2

07-03-2003 15:46:57

Report to Moderator

Re: Do you take down payments??? in reply to Ray, 07-03-2003 15:34:01

Yep - a 100% down payment and nothing less!

[Log in to Reply] [No Email]

[Options] [Printer Friendly] [Posting Help] [Return to Forum] [Log in to Reply]

TRACTOR PARTS	TRACTOR MANUALS

We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]

Home | Forums

Copyright © 1997-2023 Yesterday's Tractor Co.
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy

TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.

Yesterday's Tractors - Antique Tractor Headquarters

Website Accessibility Policy