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Tractor Prices

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dej(JED)

10-05-2005 05:53:20




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Do you think that the YT ad tractor prices are
so high because guys pay and invest too much or is that they are looking to get a big return on the dollar? Most of them aren't selling, but they don't lower their prices.




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wolfman

10-05-2005 16:53:34




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
I think the problem is: One well-restored tractor of a certain model sells high, rightfully so since much work & expense was put into it. Having seen that sale, many no-so-restored tractors of that model start appearing for sale at nearly that price. Soon old fence row tractors of that model are listed at high prices...



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Mark - IN.

10-05-2005 16:50:55




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
Like anything else. Last time I looked months ago, some were high, some weren't. Saw a 4520 Deere here several months back out of WI. with a cab for $4,500. The 1,000 RPM only PTO made them not as versatile as a 4020 or others, but I thought was a fair price for reliable 120 HP. Picked one up closer in the same shape, no cab, $4,900, rode it a few miles home before that. I thought that was a fair price. Saw one on Ebay (twice) about 1/2 year ago, looked restored with some newer updates, started out at $20,000. Looked like the guy Armorall'd the tires too. Compared to new prices, may've been worth every penny to someone.

Now that you mention it, I oughta go take a stroll through the candy store. Been a long time. High, huh?

Mark

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Papy

10-05-2005 15:51:56




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
It's like real estate or anything else. Some things are for sale----and some things are on the market! There is a huge difference.



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jughead 3

10-05-2005 13:00:33




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
Asking ain't getting-but you can't get it if you don't ask-no one forces anyone to buy anything. Our economic dictates that the highest the buyer will pay and the lowest the seller will accept is the fair market value in that given area



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farmerwannabe

10-05-2005 12:28:33




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
I think the guys have, as usual, summed things up pretty well. The buyer wants a good deal and the seller wants to make as much as possible. I suppose they're hoping someone will come by and "have'ta have it" no matter what the cost. I just bought an Allis Chalmers B off E-bay a couple months ago for $900. With shipping and all, it cost almost exactly $2000. I really wanted an un-molested B to tinker with and get some use out of and I wasn't having any luck here in Michigan finding one. Sure, one for sale locally for $2000 would be thought of by most people as being WAY to high. BUT, to me it would have been worth it to not have to deal with the bother of shipping and purchasing something sight unseen. I'm not sticking up for people who try to sell tractors for a crazy price, don't get me wrong. I guess if they want to see what they can get is one thing, but to keep the price jacked way up indefinitely is a little silly on their part. Either way, I LOVE my little B. Now I just need a little hobby farm to use it on!

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sammy the RED

10-05-2005 11:12:15




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
A guy near me has his Farmall H for sale at $3,500.00. A Okay paint job with old, 70% tread, rubber on rears. Told him I thought it was way high and he said he will get it !

Let's see, that makes my Super H worth about $4,500.00 ! Anyone want it for that price ? ;o]



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RustyFarmall

10-05-2005 12:31:25




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 Re: Tractor Prices in reply to sammy the RED, 10-05-2005 11:12:15  
I'll go you one better, I will sell you an H for $2500, and you can resell it for $3500.



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Jonfarmer

10-05-2005 15:00:21




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 Re: Tractor Prices in reply to RustyFarmall, 10-05-2005 12:31:25  
No, I'LL go one better than that!. Some guy approached us at a fair about 4yrs ago and wanted to sell a Farmall H to us, we went and looked at his tractor as it sounded like he just wanted to get rid of it, it turned out to be an old beat up very rusty unrestored H, lots of big dents in the tinwork, old rotted tires, old junky trip bucket on it kerosene tank was missing, original steel wheels had been cut off and regular rims had been welded in place, but cloride had leaked all over them for many years so they were in bad shape. Needed lots and lots of TLC and $$$ put into it. The guy says, "I don't know what it's worth..., but I'd like to get $4,000 for it", so we told him it wasn't worth anywhere near that much, offered him $1,000, which he refused claiming that it was surly worth a whole lot more than that. Far as I know he's still the proud owner of it.

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billcrews

10-05-2005 11:05:03




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
If you buy an old tractor at market price (neither too low or too high) based upon what other similar tractors are selling for, and you then have to add transportation charges, chances are you have more money in the tractor than it is worth when it arrives at your doorstep. It is going to take time and inflation in order for the price to increase to the point where you can get back what you have in your tractor, not even considering what upgrades that you make to the tractor.

I have bought several tractors and my hope, when I retire, is to get back what I have in them based upon monies spent to include the purchase price, transporation, parts, and hired help to fix them-nothing for my time and effort. I know that I am going to have to keep them many years to accomplish this goal.

In retrospect, I paid too much for some of the tractors that I have bought, bought some at market price, and bought a few below market price.

If you take you time, be patient, educate yourself by look at current and archived ads to see what other tractors of the type are and were listed for (as long as you are comparing apples to apples), then the tractor that you are looking for will come on this site for sale at a reasonable price, but it won't stay on the site very long before it is sold-if the asking price is reasonable.

To answer your questions, some people are trying to get back what they have in them and, yes, others are trying to make an excess profit. You don't want to deal with someone who is not motivated to sell and is asking an outrageous price.

If I were trying to make a living selling tractors for excess profit, I am sure the pickings would be pretty slim and I would be starving to death. There are a few, but not that many, foolish people who buying tractors.

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RustyFarmall

10-05-2005 10:34:39




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
It all depends, if you want to buy the tractor, the price may seem high, if you are selling the tractor, you might wish the price was even higher. Anything that is priced too high will just sit right where it is, if the seller NEEDS to move it, the price will come down. If time isn't an issue, then the price will stay right where it is, and if a buyer wants it bad enough, he will pay that price.

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Mike M

10-05-2005 10:25:21




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
Or we could start pricing our stuff like one guy I know of. put a real low price than OBO in the ad your phone will ring off the hook and people will swarm in to buy. Oh since your here I forgot to mention that OBO now stands for Or Best Offer Over what will you give me ? I'll have to let the other folks know I'll call you back. I call this an auction,but he didn't seem to think so. Anyhow he is lucky I played his game a little while as I made him a few thousand more dollars. So you can see it actually works better to start high if now one will pay that you now know that if you want rid of it the price will have to drop. I know a few guys that wheel and deal in old cars they go look at all of them reguardless of price listed then they make an offer.I am always amazed at how many they actually get called back on and the owner takes their offer.I very seldom get offers high or low ?

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Dave H (MI)

10-05-2005 09:48:32




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
Usually fishing expeditions. Waiting and hoping that someone who doesn't know any better will come along. Doesn't give you a lot of good feelings about the people in question. Some of them were suckered themselves, though. I've met people on a Sunday still dressed in their church clothes and had them stand there and tell me outrageous lies about something when it was sitting there plain to see. Even so, I have bought half my tractors on this site and got a good deal each time.

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James2

10-05-2005 09:38:19




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
I think they ar following Wayne2's rule, which he summarized pretty good in an earlier post. This is to set your price and if they don't want to pay that much, and you don't particularily want to or have to sell, then let her set. Actually pretty good advice.



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Stum

10-05-2005 09:02:18




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
Alot of the asking prices are real high. A good indicator of what the market will bear is Ebay,assuming you are comparing apples to apples.That is pretty much real world pricing,granted there are some exceptions to the rule,but there is one heck of a spread between here and ebay.



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JT

10-05-2005 09:18:14




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 Re: Tractor Prices in reply to Stum, 10-05-2005 09:02:18  
Ebay is what makes people inflate prices, have you seen soem of the prices on Ebay, I have seen certain parts sell on Ebay, used, for more than new. That is what makes people think that the things they have are worth more than they are, but there are a lot of people with more money than sense. On the other side of the coin, I have bought stuff off Ebay for pennies on the dollar of what they are worth.

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Illinois Boy

10-05-2005 08:42:02




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
A "rare" coin may be quoted in a book as worth $10,000.00. However, if a person can only sell it for 20 bucks - then that"s what it is worth. It"s all about how it"s percieved and if the buyer wants it bad enough.



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Dennis in MN

10-05-2005 08:27:48




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
Everybody is looking for a "deal". We all want to buy low and sell high. So, if you are a buyer the prices seem way out of line, but if you are the seller your price is reasonable. If someone is asking more for a tractor than you want to pay, move on to a tractor that is in your price "comfort range".



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BobMo

10-05-2005 08:21:12




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
Some of it reminds me of a guy I knew a few years ago trying to sell his car but, was disappointed in the response. I asked him what he wanted for it and he told me he gave 1200 for and he'd only driven it for 2 years but, he'd changed the oil 4 times at 20 bucks a pop, put 2 new tires on it at 35 bucks, waxed it at 30, replace the air filter at 7, and a new light bulb for 1.89 so therefore he felt like he should have 1400 for it but he might throw in the light bulb. Strange how some people figure....

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CEB

10-05-2005 09:47:25




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 Re: Tractor Prices in reply to BobMo, 10-05-2005 08:21:12  
Bob, I believe you have correctly summed this up. I think a lot of the people that restore antique tractors believe they should get every penny they put into the tractor in parts plus more for their labor. Fixing up an old tractor is a HOBBY. The definition of a hobby is something you enjoy doing but don't do to make money. To spend hours and hours restoring a tractor and figure you can actually make wages just isn't realistic. Most of the time you'd be lucky to get what was spent on parts back.

The people that actually buy and sell tractors for a living (like dealers for example) don't put much into the tractor. Only as little as they can get by with and still sell the tractor in a reasonable time frame for a profit. Sometimes they lose money because they misjudge the tractor and their turns out to be a lot more wrong with it than they had planned.

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Coloken

10-05-2005 09:15:13




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 Re: Tractor Prices in reply to BobMo, 10-05-2005 08:21:12  
Well spoken, Bob. A 400 dollar vet bill on a 50 dollar calf don't make it worth 450 dollars. Just cause you put 3000 in a 1500 dollar tractor don't make it worth 4500.



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PeteNY

10-05-2005 08:17:19




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
What amazes me is that people ask those prices here, where most viewers know about tractors and their values. One guy near me in NY started out asking $9500 for what is admittedly a beautifully restored Ford 8N, he has reduced his price, but it's not where it should be yet. People need to relize that tractors hit a maximum value no matter what you pour into them. The other bothersome thing is the "rare" tag attached to a tractor...most of us know what is rare, and usually what people advertise as rare is certainly not.

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Butch(OH)

10-05-2005 07:47:21




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
I travel some in my job and prices vary quite a bit depending on location. I suppose that the local economy is mostly to blame for this with my area being about the highest. Lots of people with money (or loans) around here with 5 acres, a house and barn, a horse and want a tractor. They not only keep the antique prices high but keep the local suburban tractor dealer wealthy from selling them 25,000.00 compacts too. Most of the tractors I see advertised on here are not out of line for my area. Also in some areas of the country it is common pratice to ask too much for items because the sellers expect to be in a big bargaining contest to sell(kind of a South East deal) Other areas people ask what they will take for the item, take it or leave it (more in North and West) Several years ago I bought a wheatland tractor in SAK Canada. Locals was laughing about the fool who drove all that way to pay too much for a tractor, until they found out I could make 2K less expences and never take it all the way home.

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guest67f

10-05-2005 07:34:55




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
I also think the prices are inflated. it may be worth that much to the owner, but the buyer has different ideas. It not worth it to the buyer.



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Dan

10-05-2005 07:16:59




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
I posted an ad to sell my 1952 8N tractor due to replacing it with my rebuilt NAA project tractor. I have $3100 in it with over $1k of that being in new parts (does not include ANY labor) and was selling it for $3k. I got lots of hits, lots of interest, and lots of visits to look at it - but everyone all said the same thing "I see one for $500 less or so, so I will probably buy that one". Most do not understand what it will cost to get a worn antique tractor into good solid shape - they just look at the buying cost.

Anyway, I reduced my amount to $2800 as I did get a years worth of service out of it, but I will keep it before I go lower. It is getting expensive to fix them up good enough that I would feel comfortable selling it to another person - why would I (or anyone else) want to spend $3k on repairs and sell it for $2k just to save someone else money???

Just my $.02 worth

Dan

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Jrry

10-05-2005 06:59:50




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
The prices to repair the tractors have been high for years in my opinion. People did not expect to recover all their costs in the past because they enjoyed the work but seems now everyone is pricing them very high to make lots of money. Maybe they will get lucky and sell one at those prices but I don't see it happening.
Just my 2 cents. Jerry



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Mike M

10-05-2005 06:56:19




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 Re: Tractor Prices in reply to dej(JED), 10-05-2005 05:53:20  
I think we are all looking for the big haul.We all hear these absurd prices stuff brings at a well know auction in IND. and we want a piece of the action too.



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Joe in IN

10-05-2005 12:37:12




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 Re: Tractor Prices in reply to Mike M, 10-05-2005 06:56:19  
What auction is that? I'm in Ind.



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Tim IN

10-05-2005 13:27:33




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 Re: Tractor Prices in reply to Joe in IN, 10-05-2005 12:37:12  
I believe he would be referring to Polk's sales in the Leesburg/New Paris area.



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Bobl1958

10-05-2005 09:55:27




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 Re: Tractor Prices in reply to Mike M, 10-05-2005 06:56:19  
Bingo!



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steveormary

10-05-2005 09:48:34




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 Re: Tractor Prices in reply to Mike M, 10-05-2005 06:56:19  
We would put a price on stuff that would give us some room to bargain. Most people would ask the price and walk away rather then bargain. Oh well,their loss.

steveormry



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