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Tractor Talk Discussion Forum

tractor prices

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john deere guy

03-13-2005 13:11:36




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I think the prices of antique tractors especially jd 4020's is getting out of hand, 19000 for a 4020 come on




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wolfmantractor

03-14-2005 12:22:41




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 Re: tractor prices in reply to john deere guy, 03-13-2005 13:11:36  
What did a 4020 sell for new in say 1972? $8000? If so, it will take about $48,000 of today's dollars to have the same buying power. So it that exceptional 4020 is in fact exceptional, it could be a bargain at 19.



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Jerry/MT

03-13-2005 20:26:13




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 Re: tractor prices in reply to john deere guy, 03-13-2005 13:11:36  
I love to listen to you guys argue about these isssues! And you do it so nicely!I don't own any high powered farm eqipment 'cuz I'm a rancher, (The difference between a farmer and a rancher is a rancher never plows any more ground than his wife can take care of). I get by with a '82 Ford 4610 with loader and a '54 TO-30. But you know the used tractor market is about as good an example of a free market that you can find. A used tractor is worth what any buyer is willng to pay for it. If you looked at any model of tractor, there is a wide range of values , based on sale prices for that model. All 4020's don't sell at $19K. I'll bet there are basket cases that sell for $3000. I look at some of the ads for tractors in the Pacific NW and 4020's probably average between $8-10K. They're probably later model versions with moderate hrs on them in good condition. My guess is that darn few sell for $19K and darn few sell for $3K, but probably qite a few sell for $10K. My point is that just because someone bought one for $19K, doesn't mean that some oil streaked, bald tired, 16,000 hr wheezer is worth even $8K. John makes a good point about why this particular model holds it value and it ain't the paint color.It just happened to be one helluva' well designed, manufactured, reliable, and maintainable machine. I saw an article somewhere about why certain machines of the '70's and early '80's are so popular. It's because they were well designed, reliable and easy to maintain and the parts supply is readily available. (When I worked in the sircraft industry, these factors led to what was called "low, life cycle cost".)All this makes them more desirable to the buyer who votes with his cash when he buys them. This is why the 4020 will yield a higher resale return than some other comparable horsepower tractors of the same vintage. Just my opinion.

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PJBROWN

03-13-2005 16:03:19




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 Re: tractor prices in reply to john deere guy, 03-13-2005 13:11:36  
A 4020 is not worth $19,000 to a "REAL" farmer.... maybe a "wanna be" or a collector. 4020 is out dated and "old school"



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Jonboy

03-13-2005 15:12:53




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 Re: tractor prices in reply to john deere guy, 03-13-2005 13:11:36  
As they say, "what goes up must come down". They are high right now, but that doesn't mean they will always stay high. 4020's are not really antiques yet, but are quite a beauty queen when all fixed up and I understand they perform as good as they look. I wouldn't know what it's like to drive one because I never have, but I do like the looks of the FFA 4020 tractor given away to some lucky kid every year by John Deere Credit, in fact, I'd lay down $20,000 for one as nice as that. You can still buy a 4020 that isn't restored for alot less than $19,000. Tell the ol' lady it's an investment oppurtunity that going to sweeten your 401K ;'D

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MSM

03-13-2005 14:46:48




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 Re: tractor prices in reply to john deere guy, 03-13-2005 13:11:36  
Try going all the way through one,engine,trans,rear,brakes,paint and decals,using good quality parts.We went through my 72 powershift last winter,front to rear,it was a decent running,albeit 12000 hour tractor.Parts and machine shop labor alone were almost $11000.Thats rebuilt hydraulic pump,remotes,steering motor and valve,new trans pump,clutch plates,seals,new pistons,liners,bearings,rebuilt connecting rods,valves,rebuilt inj. pump,new injectors,new disconnect clutch,turn flywheel,new brakes and discs,rebearing the rear and axles,new wiring harness,rebuilt starter and alternator,new batteries and cables,guages,seat frame rebuilt,new cushions,new tires/tubes.Add to that about 250 hours labor and $850 in paint and body materials.20 grand wouldn't touch it.

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Old Time Farmer

03-13-2005 14:09:32




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 Re: tractor prices in reply to john deere guy, 03-13-2005 13:11:36  
A 4020 is considered an antique tractor? It was my biggest tractor until three years ago.

I"ve had IH/Farmall, Case, Oliver, Ford, MM and JD, and there are good tractors of many colors. I have a 4020 that I wouldn"t sell for $20,000; it"s a 1972 with factory cab and A/C. It"s the best tractor I"ve ever owned, and I use it most every day.

Why bother worrying about $19k being too much for a 4020? I"ve seen a 4020 with front-wheel assist go for $22k at a sale a couple years ago. Tractor prices aren"t determined by what any one of us thinks a tractor is worth, but rather by what someone else is willing to pay.

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Bob

03-13-2005 13:38:28




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 Re: tractor prices in reply to john deere guy, 03-13-2005 13:11:36  
How you feel about this issue depends entirely upon if you are buying or selling! I just wish I had MORE 4020's!



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sammy the RED

03-13-2005 13:25:45




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 Re: tractor prices in reply to john deere guy, 03-13-2005 13:11:36  
It is because someone wanted Grandpa's tractor.



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Allan in NE

03-13-2005 13:18:32




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 Re: tractor prices in reply to john deere guy, 03-13-2005 13:11:36  
John,

I don't understand it either. I like green; but all reason has left this portion of the old iron market.

A decent 4020 is really worth about $5K or $6K, if it has normal hours on it. Why they bring that kind of money is totally beyond me.

Dunno,

Allan



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Indydirtfarmer

03-13-2005 14:28:10




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 Re: tractor prices in reply to Allan in NE, 03-13-2005 13:18:32  
Allan..... $5000 or $6000.....?????

Let's see. There's a 100 HP tractor with very simple, VERY proven design....One of the best powershift transmissions EVER. A good steady supply of OEM parts as well as aftermarket parts. A hydraulic system that's still considered modern. Stone reliable.

Go buy NEW with that description....$90,000 maybe. $10,000 sounds like a bargain now.....



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Allan in NE

03-13-2005 14:48:11




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 Re: tractor prices in reply to Indydirtfarmer, 03-13-2005 14:28:10  
John! Pay attention!!

I am not debating the fact. Geeeze!

What I am saying is that a feller can buy up to 150 horse in any other color and you can oftentimes get it bought for $5K, $6K or $7K. Plain old horsepower per dollar math.

It is in the color and the color preference alone that is driving the market; if it is green, darnit! It's gonna cost bucks, because that is what dad or grandad had, and I don't care if it is a tractor, a planter plate or a goofy cultivator shank.

And don't lay this "better quality" hog-wash on me either, 'cause I think we both know that's something of an overblown fairytale.

Now, ya just gotta agree with me on this score. Right?

Allan

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Indydirtfarmer

03-13-2005 15:04:00




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 Re: tractor prices in reply to Allan in NE, 03-13-2005 14:48:11  
Well, no I don't agree...as a matter of fact. I've bought and sold a few IH tractors over the years. Never kept any, but have had some experience with 'em. Cabs are second rate by comparison, TA is very UN reliable, Parts are difficult at best to get ahold of here. (Next to no dealer support with-in 50 miles or more) I still contend, and will until the day I die, that having a DEALER NETWORK and STABLE BRAND behind my equipment is just about as important as the tractor itself.

There is a difference. There is a reason why John Deere outsells IH, Case-IH, Case-NH, ect.... It's not a marketing trick....You don't fool that many farmers.....

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herb

03-13-2005 19:13:02




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 Re: tractor prices in reply to Indydirtfarmer, 03-13-2005 15:04:00  
must have a local dealer because my experience with the greene ones is that i need parts and service constantly. dont have this problem with other colors. just my experience



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Leland

03-14-2005 02:35:02




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 Re: tractor prices in reply to herb, 03-13-2005 19:13:02  
I have to agree about green one's the farms that where all green I worked on I spent a fair amount of time sitting or chasing down parts to keep them going,and the red one's just kept plugging away even if they used a tad bit more fuel.But when it was all said and done red was acres ahead at the end of the day.



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Jimbo Wilson

03-13-2005 17:02:06




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 Re: tractor prices in reply to Indydirtfarmer, 03-13-2005 15:04:00  
Preach on INDY CASE will stand behind you long enough to get your money!



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Indydirtfarmer

03-13-2005 15:11:43




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 Re: tractor prices in reply to Indydirtfarmer, 03-13-2005 15:04:00  
And.... As far as the HP per dollar math issue... Do you suppose the purchase price of a used tractor is the last money ever spent on that machine?

Yesterday, I saw a 6030 Deere sell for $8000 at auction. It belonged to someone I know. The tractor was on a dyno just a few months back.... WELL OVER 225HP. Now consider that IH, or anyone else for that matter, had a 225 HP (or 175 RATED hp) tractor back when that 6030 hit the dirt.

You can get your hands on later model Deere's, 150 HP and bigger for not much more than a mint 4020. Your comparing everything to the value of a 4020 isn't apples to apples. The 4020 will be one of those tractors like an 8N Ford... It will sell for WAY more than anything in it's class for all of time. Just a classic that's earned a name that won't go away.

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Bob

03-13-2005 15:44:31




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 Re: tractor prices in reply to Indydirtfarmer, 03-13-2005 15:11:43  
Can you imagine the result if the RED guys had tried to field a 225 horse tractor when the 6030's came out? (No offense intended, RED guys, I'm not RABIDLY GREEN, I own a RED tractor, a darn good LITTLE one, a 424! Heck, I even own a couple of Moldines!)

I've got a neigbor still doing heavy tillage with a 6030, and it's STILL a BEAST!



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Indydirtfarmer

03-13-2005 16:02:31




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 Re: tractor prices in reply to Bob, 03-13-2005 15:44:31  
There WAS a horsepower war in effect until the 6030 hit the scene.

WAR OVER....

There was NEVER another 2WD tractor that would rival the 6030.. The 4955/4960 was available in 2WD or MFWD, but NOTHING ever approached the brute force of a 6030.



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edchainsaw

03-13-2005 19:14:54




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 Re: tractor prices in reply to Indydirtfarmer, 03-13-2005 16:02:31  
well in 1976 MF had the largest 2wd tractor how be it very unrilable. it was the 2800 (recalled and renumbered as the 2805 and still unreliable but it was larger than a 6030 ( which I wish we had instead of the 2800 and 2 2805's we've had)



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Mike M

03-13-2005 14:27:16




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 Re: tractor prices in reply to Allan in NE, 03-13-2005 13:18:32  
Find me some decent 4020's for only $5,000 or $6,000 and I'll buy them all. You can't hardly even buy gas ones for that. Heck even the toys are out of sight. An ertl 4020 power shift sold new for $100.00 now I see them as high as $500.00 This is the new collector tractors as this is what most have grown up on now.The 4020 is a legend in it's owners minds and that's all that counts. I wish I had bought up a bunch of them but didn't have the extra money then or now.

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Allan in NE

03-13-2005 14:32:32




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 Re: tractor prices in reply to Mike M, 03-13-2005 14:27:16  
Yes Sir,

I'm not arguing with you; I'm saying the same darned thing.

There just must be something special in the pigment of that green paint is all I can figure out. :>)

Allan



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Indydirtfarmer

03-13-2005 14:48:42




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 Re: tractor prices in reply to Allan in NE, 03-13-2005 14:32:32  
Or something special between the ears of those who BOUGHT green tractors.....!



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Allan in NE

03-13-2005 15:13:53




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 Re: tractor prices in reply to Indydirtfarmer, 03-13-2005 14:48:42  
John,

Until this very minute, I didn't know you had been captured over in Asia during that last spat.

Don't look now, but it is true. You are totally brain-washed. :>)

Yeah, I know what you are saying. If you farm and you farm big, having that rig running and running all the time, is absolutely paramount to anything else you do.

I just like to give ya a hard time, 'cause you are so dag-gummed GREEN! LOL!

Allan

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Indydirtfarmer

03-13-2005 15:17:40




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 Re: tractor prices in reply to Allan in NE, 03-13-2005 15:13:53  
You know what? I WAS getting fired up, until that GREAT compliment you gave me on your closing line...!!! Thanks!



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