What's a good sale price for my 2013 L3800?HST, 4X4 ,Front loader with quick attach, R4s loaded ,Cruise, Adjustable three hitch,64hrs.
What's a good sale price for my 2013 L3800?HST, 4X4 ,Front loader with quick attach, R4s loaded ,Cruise, Adjustable three hitch,64hrs.
He could probably get that $16,000 pretty quickly if it is an extra nice tractor. Just PM me. I am looking for a like new one and do not need to finance it so 0% interest is not important to me. I am in East Tennessee fairly close and have a trailer.I was looking at getting a cab model and I was going to trade in my 2013 L3800 with HST and loader, 4x4 ect. Trade in value was 13,500. I decided I would keep my tractor. I see a lot of 5 to 10 year old Kubota tractors in the 35 hp range on Craigs list and they are asking 12,000 to 15,000. I would think your tractor is worth 15% to 20% less than what you paid for it. The biggest problem is the buyer can not get the 0% interest so you have to mark it down enough to make it worth while. So if you paid 20,000 for your tractor it is worth 16,0000 to 17,000. The first year of depreciation is the worst. It will probably hold that value for another year or two maybe more. You can always ask more but it may take a while to sell.
I know when I am buying an attachment I look for it to be less than 5 years old and I want at least a 1/3 off the new price preferably 1/2. I personally would not buy a used tractor that had less than 100 hrs. on it and pay 80% of retail. Especially if I had to cough up 16,000. I would much rather go to the Kubota dealer and get 0% interest. Of course I don't have 16,000 laying around to spend on a tractor either.
I am curious, why are you selling your tractor?
I can't stand them stinkin payments either. But most folks that buy their tractors new don't buy them with cash. If you try and get a loan from the bank for a used tractor your interest rate would be around 7%. Over 5 years 7% interest on $17,000 is $3,200. So I think one would do better to get a new tractor and pay Kubota's $1,000 - $1,500 financing fee. Plus you cold get a few attachments and not pay any more finance fees.The interest on new tractors is built into the price, so it only looks like 0%... I'd rather save a few grand and not be in debt. I don't want no stinkin payments!
I would think that you are probably right for 90% of late model tractor buyers. If I were going to finance it then a new one at 0% would be the only way to go. However the other 10% of buyers are people like me. I am retired. Cashed in my 401K and am getting a whole .035% interest on the money from the bank. I would rather buy a two year old low hour tractor that has depreciated about $4000 in addition to saving the sales tax. That $5,000 savings is a big deal when you are living on a pension check.I can't stand them stinkin payments either. But most folks that buy their tractors new don't buy them with cash. If you try and get a loan from the bank for a used tractor your interest rate would be around 7%. Over 5 years 7% interest on $17,000 is $3,200. So I think one would do better to get a new tractor and pay Kubota's $1,000 - $1,500 financing fee. Plus you cold get a few attachments and not pay any more finance fees.
Personally if I was going to get a tractor that was less than 5 years old and the buyer wanted to sell it for 80% of retail I would just go ahead and get it from the dealer. That is probably why Kubota does the 0% interest thing.
Dont forget that a five year old tractor has no warranty! Once the price gets closer to 65-75 of the new one, that gets my attention. I have never bought a new car, over priced out the wazoo! I have bought 3500 -5000 cars over the last 30 years......my tractor I bought new! I asked what the cash price was over the 5 year loan.....$500 was it .......I can't stand them stinkin payments either. But most folks that buy their tractors new don't buy them with cash. If you try and get a loan from the bank for a used tractor your interest rate would be around 7%. Over 5 years 7% interest on $17,000 is $3,200. So I think one would do better to get a new tractor and pay Kubota's $1,000 - $1,500 financing fee. Plus you cold get a few attachments and not pay any more finance fees.
Personally if I was going to get a tractor that was less than 5 years old and the buyer wanted to sell it for 80% of retail I would just go ahead and get it from the dealer. That is probably why Kubota does the 0% interest thing.
I dont like the government either - could not trust them to stand still while I ran over them with my kubota !!!!Some people like to buy with credit because it "helps" their credit score.
Me, I don't worship the FICA god.