TIME TO BUY USED TRACTOR? SURPRISING Sale Prices. Warnings and Tips on How to Buy Used Safely!
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- Опубліковано 28 вер 2024
- The economy has changed, the price of a new John Deere 1025R has changed significantly. Tractor Time with Tim uses recent sales of used tractors to determine if it's now time to buy used instead of new. Also, warning and tips on how to buy used tractor safely!
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Awesome video. TTWT is what we enjoy ... you do things ... discuss things ... go to places and it's filled with meaningful content. So keep doing what your being lead to do.
Nice work Tim. As a tractor owner, I enjoy this info. It’s good to know the market climate with things that I have an interest in. After all, if I’m gasping at the price of a new tractor, I can also think…”Look how much mine is worth!” It keeps the dream alive😂. Blessings.
I got quoted $24,796 for a new 1025R with the 60” belly mower and the front loader from a local dealer. I’ve been on the fence if I should buy new or go used. Thanks for all the useful information.
22k for TLB in 2019. How much the prices have gone up!
one thing I would check for sure, put the tractor on a level flat surface make sure the loader and 3 point make contact with the ground evenly, so you know it hasn't been twisted in one way or another, same for the axel spacing front to back, side to side and corner to corner basic alignment cause it is hard to know how forceful one may have used it or over loaded it, it is also much better if they have a service record for said machine, which honestly any owner should keep anyways
Tim
Very good video, and I like that you stressed the point again of the legalities of buying a product, whether it has been stolen or may have a lean.
I remember your video about the problem you had with the tractor you had bought at an auction, and at that time I was shocked. I had believed any auction would safe guard against such things, and have been extremely careful with any purchases I have made since then. Yes, it did save me once that I was over cautious, it seemed too good to be true, and shortly after I found out the person was charged with theft of that product. After that I have been even more cautious.
Just recently, not too far away a women bought a car from a residence. The gentleman passed away, and the vehicle was advertised on FB. She went, it was a good deal, bought it, they gave her the title, the next week, she was pulled over because of a problem with the plate and vehicle not matching. When the police ran the VIN, it had been stolen and they forged the transfer of the title, even sold it out of the deceased mans home. Of course she was shocked that anyone could possibly do that to anyone, and is having to defend herself in this as she is in possession of it. Luckily she has the texts, and FB messages of the transaction to cover her, but more than likely will never recoup the money she is out.
No problem with the content today. I think something you could add is that the buyer should be comfortable with the amount of work they will need to do. I bought a project tractor, Kubota BX 1500, that needed major repairs with the engine. Half of the engine was missing. No parts, just a lower end and that's it. It did come with a mower deck, but no loader. So, I thought about what I would use it for, and how much my skill level would match the project. It was a little stretch, but today it's running with a new-used engine and I'm working on putting it back to better than it was originally. I'm adding hydraulics to use a snowblower and sweeper\thatcher.
It's what I want it to be. I have spent a fair amount of money, but I don't think I've exceeded the value in usefulness. I remember this guy on the internet who bought a little tractor and said it was just right for those little jobs where big tractors just wouldn't fit. I have two larger tractors, and they both have their jobs to do, but this tractor just fits. 😉 God Bless and keep doing what you do.
I find these videos helpful. There are so many brands to choose from and options, that I feel it's difficult for the regular person to know where to start. The resources you have available compared to most makes these vids well worth the time.
Good information Tim! 😁👍
*Keep on tractoring!*
I just purchased a new 2023 1025R with loader, drive over deck and turf tires for $23,400. 2023 model has a lot of nice improvements over the 2018 I traded in plus new warranty.
Plus 0% financing
Was the $23400 the price you paid after you traded in the 2018 model?
What did the 2023 model offer over the 2018 model you had?
How many hours on the 2018?
Thanks John
@@patlyle2621
23400 was before trade in. I paid 10000 . 2018 had 1040hrs
@@patlyle2621
2023 has much better swat. Led lights. Single point connector for hydraulics. Beefed up mower deck.
Seat. I hate auto correct
Great information Tim thanks. I have a 1025R and can't believe the price of a new one 😮.
Enjoyed the video and the comments about possible issues with a private sale, ie; whether the tractor is stolen or has a lien on it, etc.... I was looking to buy a zero turn mower recently in a private sale when I ran into a possible scam. Too many things didn't add up and I smelled a scam, so that's when I started looking into a tractor like the 1025R. My brother had bought one several years ago and it made sense with all the things he could do with it besides mowing his yard and property. So, that's kind of where I'm looking now. Thanks for the advice and I'll be watching more of your videos.
We are working with cloudstore.co on a ‘reverse auction’ coming this April. Nearly new tractors (5 hours or less) will be listed, and the price dropped every 12 hours until they sell. Even the starting prices will be much lower than new price. …and the tractors have warranty remaining.
Watch our channel for more info.
As a first time buyer, I need this type of information and appreciate your channel. I have been tracking prices too, and especially for green tractors, they are getting ridiculous. So, I am considering buying used instead of new.
You should seriously consider Orange and red as well. Kioti, Kubota, TYM, Mahindra. All good machines. But you need a good local dealer for whenever a problem occurs. Cheers.
@@davehudson4607 Yep...all of those brands are within an hour or less of where I live. It pays to shop dealers anyway--just like the tractor, so your advice is appreciated.
Working at a john deere dealer I will say the 2023 1025r has a large amount of improvements though such as a lever style park brake factory led headlights single point hydraulic hookup for loader
I bought mine in April of 2020. 2019 model 1025r TLB with a 120r loader, 260b backhoe, ballast box, 54d auto connect belly mower. Also a stihl br450 backpack blower and a stihl 94fs line trimmer. Total cost $25403.90
I bought a used one last year from my neighbor, just an FYI John Deere won't let you assume the loan. I had to pay it off over the phone to buy it. I like not having to pay sales tax, that's a big benefit. It's Tim's fault, I have a bigger Kubota but always wanted a 1025r from watching your channel for years. :-)
Absolutely should do the 1 series video. Hey Tim, what kind of bucket was on that tractor? It looks a bit bigger than stock. Thanks.
Light materials bucket, featured during the mulch videos recently
Redlinesystemsinc.com mulch bucket, use code ttwt
New is out the window here in ireland john deere for the 1 series is nearly 40k it used to be mid 20s but cars vans and jeeps the prices are gone nuts to
I’ve been noticing some good deals recently on very capable tractors. For example a used 2019 Yanmar YT359 ROPS with 500hrs for $27K still with 6 years of power train warranty left. That’s a 60hp premium tractor for less than a new 1025R. Also saw a 2020 Kioti DK5310SE Cab with 200hrs and a 6ft mower for $32K. You’re right the used tractor market has leveled off. Might go used for my next tractor if buying new continues to be so expensive.
I'm also going to chime in - would love to see a video more in-depth on used 1-Series shopping. Thanks, Tim!
Let’s get started . Happy Sunday
Great information, Thank You for sharing and be safe!
I think any information you present in reference to a used tractor would be appreciated and can be used across many tractors.
Very good video for the novice owner. I own a heavy equipment company primarily engaged in highway, road and bridge construction. My equipment, 32 units, range from the smallest ( B26 Kubota BHL ) to the massive ( Cat 395 excavator ). I buy virtually every piece used at auction saving literally millions of dollars over the years. Depreciation is always the buyers advantage, the sellers pain. I follow two simple rules. First, I hire an independent inspector for the pieces I’m interested in. For $1000, sometimes more depending on the complexity of the equipment, I get a thorough, expert inspection. I know exactly what is good, bad or indifferent. Secondly, I know the market and never up bid over what is reasonable. There will always be others and I never buy out of desperation or impulse.
For a tiny subcompact tractor, it only makes sense to buy used. The spread between new and used is often 50% or more. Buying direct from the owner is of course an option, given that they will allow the inspection and hopefully have all the service logs.
For the novice, unless you plan to use the tractor .. no matter the size, on a weekly if not daily basis tackling jobs that normally would be contracted out, skip buying and rent. Much less painful in the long run.
Very helpful comment, thanks! Are you near us?
A lot of people have financed tractors in the past three years. We're going to see a lot of fire sales as people can't afford them any longer, the way the economy is currently going.
Good points to check with the dealer beforehand.
Do you think we’re heading into a past Pandemic period? People getting rid of the equipment that they bought when they had more home time to use them?
That and interest rates rising.
That new unit was as much as my Kubota with a backhoe, daaaayum!!
Tim did his friend a solid 😅
Very very helpful. Keep going with these informative articles
In Christ's name
New prices just keep going up. 1/2 ton pick up, just your basic "work" truck listing for 40 grand +. A 1 ton you can do something with 80 grand to 110 grand for the fancy ones. It's insane. I just bought a 940 hour JD 850 1980 model made by Yanmar (love Yanmars) for $5140.00 and it was a deal. Internet shows same tractor at $7500.00 to $11,000.00. 5 years ago that tractor would have been $3000.00....
Prices will probably trend down but not return to "normal" on used stuff. Probably settle at the typical 80% of new price. And new stuff is definitely not getting cheaper any time soon. I believe people bought subcompacts and compacts only did so because they have bought a home and acreage. Most of whom are probably semi-retired or settled in their career. Those units won't be resold unless the owners run into health problems or this nonrecession recession gets way worse.
Think it was roughly $24,500 range I paid for my 1025R tractor loader backhoe and mower back in 2017. Dealer told me it’s roughly $10,000 more today for same setup brand new. Prices sure have jumped. Similar with pallet forks the set I picked up at the dealer was under $600 in 2019 now I’m told by other looking for a set can’t touch em for under a $1,000
Don't expect used prices to remain constant much longer, that's my two cents anyway, the new price increases will drive up used before long. The truth is these tractors have a lot of life left at 1000 hours. Or even 2000. It is a real piece of heavy equipment just a very small one, and most all the late model ones have at most a few hundred hours which means they are really almost new. Not saying nothing could be wrong on one, obviously.
Also, I think 50k will be the going rate in terms of value in 10 years. Demographic changes in the US and the lack of work ethic has prices for capital goods slated to double or triple over 10 years. 50k in today's dollars to be clear. The worth of equipment will go up, not just the inflated dollar price.
Excellent information. Please continue with purchasing advise.
Good job, give us all heads up.
Absolutely would like to see the video Tim
Define late model tractor. How old in manufacturing date vs. running or working hours?
I couldn't justify buying a used one. I have been looking at them and you can get a good deal if you are paying cash. With the interest rates at 9% or above, you are better off buying a new one at 0% plus you can get the attachments you want financed with the tractor. Plus you have warranty. I just ordered a new 2023 1025R yesterday with all the goodies i wanted. Going to be fun learning how to use it!
Congratulations!
I currently have an 8n and its a rough ride in my pasture. With as small as the tires on 1025r are, what's the best way to make it ride a little smoother
Not much way. Rimguard and low tire pressure is best you can do.
I thought this was interesting and helpful. Thanks for posting it!
I am a licensed mechanic and the reason I bought my 3720 and my 1026r new is because there is no ownership trail like vehicles. I have the bill of sale from John Deere. Nobody is coming for them “legally at least”
I'd love to see a "what to look for if purchasing used" video.
Any info on how to check for liens on used tractors from other lenders/banks that are not John Deere? Asking our local dealer is a good tip but I think that would only find liens on financing done through the manufacturer, John Deere in your example.
What is this auction site? Is this something the public can use? Can you buy used tractors here? These seem like good deals.
Subscription site, sorry. Some of the info is available at tractorzoom.com
Tim, how much do you think the used john deere tractor market's value influences the price john deere sets for it's new machines?
Almost none.
Deere’s prices are determined by their sales numbers compared to their competitors.
Unfortunately, TTWT has done TOO GOOD of a job showing the 1025r. As a result, Deere has grown overconfident in their pricing power.
@TractorTimewithTim I'm a JD and Kubota fan, but they will definitely have to address the tractor package being done by the newer brands like ITL through Solis dealers and the Summit through retailers. My concern on both of those are parts in the long haul and resale. However, a lot of people will probably buy them due to their new price of 19,500 on the Summit when it is already equipped with 3rd function, a rear hydraulic port, Rim Guard loaded rear tires, a custom seat and a self leveling loader.
The local Atwoods at the small town near our cabin had 5 of those Summit tractors on the lot. Evidently there must be some people wanting to buy them. 🤔🤔
@@jimmcknight3021 quite frankly, Sunmit buyers are getting ripped off. Sacrificing long term service and support for short term lower price. Folks promoting this brand are doing a disservice to buyers.
Having said that, there are brands like Kioti and TYM which DO have decent dealer and support networks as well as a competitive price.
@@TractorTimewithTim Supposedly, they have a network that can handle it, but the proof in the pudding will be several years from now. I like the fact that I can walk onto a local JD dealer and get a part in stock on our lawn and garden tractor that is NOT the current model being sold at big box stores. Or get a manual from Kubota headquarters in the US for a 17hp and 40 year old Kubota a day after I requested it.
Only time will tell.
@@jimmcknight3021Kubota is junk, my brand new $60,000 kubota tractor has a manufacturer defect and under warranty and no Kubota dealer is willing to fix it. They won’t even look at it, over a month at 2 different dealers and they have not even diagnosed it.
I would like to know what to look for in used tractors.
How about do one on the 4S the three is just a little too small for me I'm about 6 for 280
Try a 3R open station. It has LOTS of room! The cab version is more cramped.
Thanks for doing this.
Question: Is Dave’s JD 1025R still available?
Nope. He sold it.
Solid information!
What is the website Tim is using?
TractorZoomPro.com. Subscription service.
Thanks. I went to the site. Ther is no price of the subscription. Only kept pushing a demo???
@@patrickmallett8257 very expensive.
There is a ‘free’ portion…tractorzoom.com
that price was ridiculous for the new 1025 thats more than i paid for my kubota l3901 with loader 3 years ago
“3 Years ago” - pre apocalypse.
@@TractorTimewithTim hahaha aint that the truth youd think prices would come back down by now starting to think everyones just price gouging at this point
Every time I look, there are a Ton of used 1025's with low hours for sale. Which sends " Red Flag " signals. Are people buying these and become unsatisfied with the performance or mechanical issues. It's obviously being targeted to the Suburbanite/Farmette end user. But really makes one wonder if they generally trade up for a larger tractor.
I get what you are saying, but I think you are jumping to false conclusions. I think this is a very unique situation.
There was a huge ‘fad’ towards gardening and homesteading during covid …2020, 2021,etc. combined with the government payments, this resulted in an enormous number of tractor sales. The biggest numbers were 1025r’s…folks getting their first tractor ever.
Fast forward to now.
Inflation has taken a huge bite out of discretionary income. …and discretionary income (play money) is what funds these small tractors…not agriculture, or other profitable endeavors.
So, new potential buyers cannot afford to purchase.
…and current owners cannot afford to continue making the payments ….from the zero percent financing deals.
So, supply of used tractors is increasing due to folks selling to get out from payments, while demand is decreasing since others cannot afford to buy.
We do NOT hear folks complaining about reliability OR function. The only complaints are financial.
That is my take….others may have a different opinion.
My favorite tractor guy
Yes. I like these vids very much.
Anyone know the software/website Tim is using to do the research?
It is a subscription service. You can get some of it from tractorzoom.com
@@TractorTimewithTim appreciate the response/information! Definitely a service that would have value for me
Good job
Okay, Tractor Tim, it's time to tell the real truth about the John Deere. Yanmar tractors are going to be taken over pretty nice piece of equipment and a lot of times they're priced. A third less than what the John Deere's are sometimes even up to half. So John Deere's are Getting a little pricey. P.S. COVID money spoiled them.
I’m not sure what ‘truth’ I avoided. Significant differences between Yanmar and Deere tractors. Engine and front axle is about the only thing the same.
Transaxle is different. (Even though 50/50 joint venture Deere/Yanmar)c Yanmar tractors do not use that transaxle.
I think I was pretty straightforward about the pricing in this episode. There is another auction video (from December) which goes into more detail.
I can get a new Holland cheaper than that
That's just John Deere. Used Kubotas aren't dropping NEAR as much. I'm guessing people are finally getting tired of Deere's position on right to repair. That's why I won't buy a Deere.
Used are not dropping, new is increasing. And yes, Deere seems to have had the largest recent price jumps.
🟢So enjoy TTWT.!!!🟢 👍
The used market is starting to come back down to earth after the astronomical price increases that occurred during and after the pandemic. While the used market is coming back to earth, the new tractor market is still on a steady rise. What once was a $20k tractor is now costing $30-35k.
I’ll agree things have gone up, but they have not gone up that much
I like this type of video especially from a trustworthy source as yerself. This saves lots of legwork of constantly shopping around and checking pricing trends. It's like a full service tractor channel on what equipment to buy or avoid along with savings codes. Etc. The list could go on and on. Variety is the spice of life.
Great content. Thanks. I too have notice a market shift but many on FB are still want to much for their tractor as they paid too much. Thanks again…
I do appreciate these videos that aren't project based. Better informed consumers benefits all of us in the long run.
I particularly like the accessorizing :)
A friend has got information on a “free tractor” in up state New York. Story is that a deceased farmer requested that the machine be given away to a deserving cause. You only need to pay for shipping. He got pictures via email of a Kubota 3 series with a loader. Shipping cost would be around $2,000. The lead came from a local John Deere dealership. He was encouraged to make up his mind quickly and pre pay for shipping. He didn’t fall for the scam.
There is no such think as a Kubota 3 Series LOL John Deere yes, Kubota No....🤣
@@SNeal5966 I don’t know model numbers, but the pictures was of a larger tractor with a cab.
Real easy to see if it's a scam. Just tell them you have the ability to transport it and watch them come up with an excuse.
Did he also have a warrant for his arrest that could be paid off in applebees gift cards?😂
@@CampzzyzxI'd like to talk to you about your tractor's extended warranty.
Excellent useful information as usual.
I would be interested in hearing more about " what to look for in a used 1 series.
I found this video to be very informative, Tim, and would find similar types of videos very helpful as well. We can all benefit from your experience, which most of your viewers probably lack.
Excellent video Tim. I'm surprised at how much a 1025 new is going for now. And the prices that you showed for really low hour 1025s is a great deal for someone that wants that model. Keep up the good work.
Great video TIm, I swear we have some sort of ESP. I just bought a used 2021 OOS 3039R, price was just to good to pass up.
Still under warranty, and only 60 hours on it. Still looks new. Got for $13-14k off a like spec new 2023.
For sure some good deals to be had out there.
Great deal!
Great episode!
I recently bought a used 2025R (2021) and avoided the lien/repo issue by dealing directly with JD Financial for the payoff. All I needed was for the seller to inform JDF that I would be contacting them.
I appreciate the time & knowledge of this topic Tim! We're always looking for a "deal" right?! But your videos really help us to manage those "deals" with caution & that's appreciated for sure! 👍 Keep it up & Stay Safe!! 😊
great info...makes me glad id bought mine back in 2020 after doing research for a couple of years, there is no way id buy a new one now, even the economy tractor prices are high and close to what id paid for mine with the loan...going used right now is the way to go...im also surprised to see the used ones not go up in price for the cost of times, think that just hurts the seller....
Nothing against Deere. But we just bought a 3515H from Tym cab model for 28000 out the door
Yep. The 1025r price has gone nuts!
I'm looking at to purchase a Kubota 2200 $5,500. I'm going to pick it up tomorrow. 800 hours on it. Drove it for about 10 minutes, and everything seemed normal for the condition it was in. The only issue that I noticed the pedal seemed to stick a little bit. But other then that seemed pretty solid. No leaks or anything like that. Looks pretty clean not beat up. Going to have a more experienced guy take another look at it when I pick it up.
I also looked at a John Deere 650. Unfortunately, it looked like they spray painted the engine, the belt was frayed and painted green, the coolant resivor was Jerry rigged. Even though it looked and ran good there was little warning signs.
Just make sure it has a loader!!!!!! 🤣
Where oh where is my 3420? I've enjoyed seeing you fix it up. All the joy without any fuss on my part. This relationship is great. Christy does a great job editing your eight hours of video into 20 minutes of pure gold. Great info. My 2025R with 200hrs is worth its weight. Only my seat and arm rests show signs of kept outside all the time.
What website are you using to see past auction results?
Tim, I do find videos like this informative as many viewers do. I had started out with a JD 2210 bought new, but then decided to upgrade to a 4415, and to say they are reliable tractors. I have used tractor zoom to look up not only compact tractors, but a farm tractor as well. Great content for someone, who is looking for a tractor especially a John Deere.
PLEASE make another in-depth video on used. I am not the only one in the market for for a green machine. Thanks Tim!
Great video, and sound advice. I was all set to buy new, package from either Deere or Mahindra. Am fortunate that am very close to three good dealers of Red/Green/ Orange. But I ended up buying from a private party, a 2019 Mahindra with 120 hours, loader, belly mower, titan forks, rotary cutter, post hole digger, tiller and seeder for 16K, all same age. The caveat was an electrical issue, that the owner got frustrated with his dealer on. Long story short the local dealer verified serial number, checked ownership through the dealer he had bought from, always check to your point Sir. Owner had Stored inside but found out through the dealer when this was new sat on the lot outside for an extended time… moisture had gotten in the loom. To your point, first time new to tractors should walk away labor at the dealer is ave 120/hr, but am fortunate with mechanical skills was able to diagnose and find the issue, corroded connections…a little rewire, GTG, great running little tractor. Little long story, but these types of videos are educational/entertaining and of value to folks like me, imo.
Bought some acreage, best building site was 600 ft in, cleared 1/4 acre solid woods and now I need a tractor for snowblowing, driveway maintenance, digging septic & foundation, dealing with timber/firewood, and grading the building site. Man did I open a can of worms, and that fell down a rabbit hole!
I gave up on john deere, and went to the bobcat 2025 with loader 16900 new.
GReat video and observation! Looking to buy 3 r loader for my 3 r , maybe should go to auction buy tractor with loader then just resale tractor ?maybe could get my loader finally and break even on tractor resaling
Personally I really like the sales data analysis. Might become an economic index at some point. 😉
Very interesting how the market changes with supply / demand and the economy in general.
It's still important that a person research local dealers even when buying a tractor privately because the need for repairs and parts are still a reality.
Good stuff Mr. Tim!
I find it very interesting on what the market is doing. Great job Tim thanks.
How can you tell if you're getting a good deal on a used tractor?
Good Stuff Tim. Thanks for the info.
Great information. My son bought a used car a few years ago. Yep. Ended up with a lien on it. Nasty time with that.
As always great informative video. Bought my 2210 on in 04 7hrs. Wouldnt trade give away . My granddaughter says PaPa that’s mine. & when there a job she’s not in school out we go . She’ll be the one to wear it out😂
Tim just wondering does warranty carry over if you buy john deere 1025r at auctions
Yes
Man Covid took everything up by 200%!
I bought my 2019Yr Model (in July 2020) 1025r for $17k and some change delivered in July 2020.
Sold it then bought a 2021yr model in July 22 with a GM1072, f/r hydraulic SCV Kit, & block heater for $27k delivered!
Great video, more information is always a plus for your channel!!???😊🙏🙏👍✌️🍔🍔🍔🍔
I like your very informative videos, thank you very much
I purchased a new 1025R in the summer of 2021 and thanks to your channel and another popular Chanel I have accessorized it with several of your recommendations. I am impressed with a couple upgrades on the 2023 model mainly the hand brake and the addition of the single point hydraulic connector on the 120 loader. Just for grins I configured a new tractor and was appalled by the almost $8000 price increase in just a couple of years. Yeah, used is definitely the way to go and I might just add the single point hydraulic connector myself.
We will have a 6 port single point connector from DiscountHydraulicHose in just a few weeks.
@@TractorTimewithTim will they also have a 4 port?
@@jimschmitz6192 no. 4 port from Deere only. Of course the 6 port can be used as a 4 port.
Would need 6 port for grapple.
Very helpful. Thanx for taking the time to do it & even illustrating w/ your own unfortunate experiences
I have bought 2 used john deere compact tractors. 3320 in 2017 and a cab 4520 in 2021. Best equipment I’ve ever purchased.
I always like the information that you have in these videos. Have you looked to see if there's a regional price difference? In Baldwin County, AL if the tractor runs it's more than likely an immediate $5K regardless of actual condition. The tractors that are usually in this category mostly come from the 60's or 70's.
I'd like to see videos on what to look for in used tractors. I saw a 2013 1025R at a JD dealer with only 160 hrs and a decent price. It looks good from pictures, but want to know what issues to be aware of on a 10 year old tractor.
Ask for servicing receipts. Check for grease at lubrication points. Check the oil levels. Check coolant. Look for damage. Look at tyre wear. Start the tractor from cold looking and listening for anything unusual. See if the transmission works. Check four wheel drive operation.
Great info and exactly what I've been looking. Timing was great. Thanks for sharing these kinds of episodes.