Fendt depreciation per hour

SilliamWhale · Oct 12, 2018

Clive said:
The trade in in my case cost 110k though when new so depreciation is the difference between that and current value divided by hours it’s done so £6.25-7.50 depending where you value a 4K hr old 724

Cost to change is not the same as depreciation. My 4K tractor isn’t being traded in as I say it’s good for many more hours yet ! That’s what you get when you buy a premium and high quality brand !

Most tractors can do 10k hours I'd say

Clive · Oct 12, 2018

SilliamWhale said:
Most tractors can do 10k hours I'd say

I agree, I hope they will do that for us and then still have significant value to a second owner

Speedstar · Oct 12, 2018

Clive said:
no it can’t be - a new 724 full spec profi plus is 135 k to order deliver March 2019

Not sure anone is going to pay 35k more for a 720

If I was to trade a 4K hr 724 (which I’m not as it’s good fir anothe 6k hrs with us yet ) the depreciation would be under £7/hr

So much rubbish is talked about fendt prices, ........ mostly by people that run other brands

Were did you get your price from we have been quoted 147k for 724 profi+ with Trimble RTK auto steering on a straight sale

Clive · Oct 12, 2018

kiwi pom said:
I see what you mean but a lot of people do trade in a replacement instead of keeping the old one or selling privately which makes the deal look different.
The dealer may give you a straight price of 135 because he knows there's no trade but if he knows there's a trade he might say the tractors 150 but i'll give you x for yours making the trade look good.
If you went back to him now and said ok 135 what will you give me for mine, what price would your old one be, or what could you realistically get privately?
All the deals look different because they are different

It’s easy really

I think anyone should be able to cut through the bull shut of a inflated px price to calculate real depreciatuon if they want to

The value of your trade in is what a buyer is prepared to pay for it

When ever I ask for a quote on a new machine I don’t talk about trade ins etc - when I know the new price I will then ask fior a bid on something I might want to get rid and if it’s good px it . If I think I can sell privately for more myself then I do so

Clive · Oct 12, 2018

Speedstar said:
Were did you get your price from we have been quoted 147k for 724 profi+ with Trimble RTK auto steering on a straight sale

My local fendt dealer

I expect the Trimble rtk is making most of that difference - prob best part of 15k’s worth there ?

Speedstar · Oct 12, 2018

Clive said:
My local fendt dealer

I expect the Trimble rtk is making most of that difference - prob best part of 15k’s worth there ?

Who is that then ?

Clive · Oct 12, 2018

Speedstar said:
Who is that then ?

B&B

Speedstar · Oct 12, 2018

Clive said:
B&B

Our 939 came off them in a round about way

kiwi pom · Oct 13, 2018

Clive said:
no it can’t be - a new 724 full spec profi plus is 135 k to order deliver March 2019

So much rubbish is talked about fendt prices, ........ mostly by people that run other brands

Speedstar said:
Were did you get your price from we have been quoted 147k for 724 profi+ with Trimble RTK auto steering on a straight sale

Clive said:
My local fendt dealer

I expect the Trimble rtk is making most of that difference - prob best part of 15k’s worth there ?

I wonder if this is where some of the big price differences/rubbish lie?
Would you not expect "full spec" to include GPS auto steer and the fancy screens etc? Especially perhaps when pricing a JD as its all their own brand stuff.
Maybe people aren't actually comparing the same thing.

Speedstar · Oct 13, 2018

Clive said:
My local fendt dealer

I expect the Trimble rtk is making most of that difference - prob best part of 15k’s worth there ?

The Trimble RTK costs about 5k on. Profi + tractor

Spencer · Oct 13, 2018

Speedstar said:
The Trimble RTK costs about 5k on. Profi + tractor

I think it’ll be a bit more than that! Profi + is just steer ready, you need to add Varioguide to it which is about 10k before you upgrade the dome with gyro to RTK which is about 5k .. :scratchhead:

Jim B · Oct 13, 2018

Clive what value do you anticipate on your 724 with 10k hours?

The depreciation could easily get turned on its head between now and then if you have a major breakdown, for example if the vario unit needs to be replaced...

manhill · Oct 13, 2018

Update me on all this autosteer / variosteer/rtk please. I haven't been keeping up to date. How much value over manual drive can it add? Can the driver sit back and read a book until he's alerted to take some action?

Clive · Oct 13, 2018

Speedstar said:
Our 939 came off them in a round about way

Did you buy it secondhand about ? Might have been our old one if so !

Jim B said:
Clive what value do you anticipate on your 724 with 10k hours?

The depreciation could easily get turned on its head between now and then if you have a major breakdown, for example if the vario unit needs to be replaced...

No idea - the world might be a very different place when they get to 10k hrs !

In fact it may well be a very different place March 19th 2019 !

It will be worth what it’s worth, I won’t loose sleep over it or breakdowns so far so good and I’m pretyy happy with the decisions we made 4K ago so far

Clive · Oct 13, 2018

kiwi pom said:
I wonder if this is where some of the big price differences/rubbish lie?
Would you not expect "full spec" to include GPS auto steer and the fancy screens etc? Especially perhaps when pricing a JD as its all their own brand stuff.
Maybe people aren't actually comparing the same thing.

When I say full spec I mean full spec profi plus on 710 42 Michelin’s, biggest hydraulic pump etc with everything other than GPS receiver and screen as we don’t use fendt system

Other than different colours / chrome bling there was nothing else to spec

sexy lexy · Oct 13, 2018

Clive said:
The trade in in my case cost 110k though when new so depreciation is the difference between that and current value divided by hours it’s done so £6.25-7.50 depending where you value a 4K hr old 724

Cost to change is not the same as depreciation. My 4K tractor isn’t being traded in as I say it’s good for many more hours yet ! That’s what you get when you buy a premium and high quality brand !

That's quite a high cost of ownership, reckon you could run mf, nh or case ih for a lot less, our last 2 mf's cost between £1.50/£2.50 an hour!

Speedstar · Oct 13, 2018

Spencer said:
I think it’ll be a bit more than that! Profi + is just steer ready, you need to add Varioguide to it which is about 10k before you upgrade the dome with gyro to RTK which is about 5k ..

No 5k is the price to put it in a profi + tractor using the tractors own screen , they you just need to buy a SIM card and pay your sub and you are done

Clive · Oct 13, 2018

sexy lexy said:
That's quite a high cost of ownership, reckon you could run mf, nh or case ih for a lot less, our last 2 mf's cost between £1.50/£2.50 an hour!

I’m sure there are used tractors you could run at lower depreciation costs, possibly higher repair costs however ?

Also first and foremost the machine needs to be able to do the job - my tractors have a big workload which justifies and spreads costs and we benifut a lot from tech like expensive low pressure tyres and rtk gps which help us reduce labour, fuel and other capital costs

The benchmark number that matters is total tractor cost per acre which includes depreciation, R&M, tyres, insurance and cost of money - that’s the true cost of ownership divided by workload

My tractor costs are circa £12/ac excluding which I think is pretty reasonable for top spec, latest tech machines.

Fuel and labour should then be considered on top of that fixed ownership cost

Of course that’s a budget number based on likely resale values in the future, true depreciation is never known for sure until the day you sell

Speedstar · Oct 13, 2018

Clive said:
When I say full spec I mean full spec profi plus on 710 42 Michelin’s, biggest hydraulic pump etc with everything other than GPS receiver and screen as we don’t use fendt system

Other than different colours / chrome bling there was nothing else to spec

at one time a Profi + had every thing on it like oil on demand , climate control , 4speaker sound system , not now they are extra

Speedstar · Oct 13, 2018

Clive said:
When I say full spec I mean full spec profi plus on 710 42 Michelin’s, biggest hydraulic pump etc with everything other than GPS receiver and screen as we don’t use fendt system

Other than different colours / chrome bling there was nothing else to spec

You have all so tyres on that tractor which are not rated at 240hp xeobibs are only rated to 200hp max, check the spec sheet on a 724 there lots of things not standard on a profi + tractor now that were a year ago even some are only 40kph

Fendt depreciation per hour

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