No trade in, what difference on price

[Greythundercloudys]

If your trying to do a deal on a tractor and your not going to trade yours in as part payment, but sell it your self, what difference should this make on the original starting price,

 

[warksfarmer]

If your trying to do a deal on a tractor and your not going to trade yours in as part payment, but sell it your self, what difference should this make on the original starting price,

not a tractor but not long ago sold a telehandler for £44k. Trade price against a new one was £35k. Also about 3 years ago sold a SP sprayer privately for £58k. The trade price apparently was £25k.
Never trade anything in because you’ll pay for it somewhere in the distorted figures put in front of you along with the extremely attractive finance figures!

 

[Pheasant Surprise]

If your trying to do a deal on a tractor and your not going to trade yours in as part payment, but sell it your self, what difference should this make on the original starting price,

Depends if they want the trade in really. Often times a straight sale is better for both parties.

 

[Pistonbroke]

Ten years ago I asked the price of a high spec 6430 that was in stock at the dealer.£54000 was the best price. "What are you trading in?" "Nothing, straight deal." "In that case it's £47000 then"

 

[kiwi pom]

When you first talk to them say you're not trading anything, once you've reached a number say "now I do have this, what would you give me for it as a trade"?

 

[Farmer Roy]

here it is generally acknowledged a "no trade" price will always be better, the dealers will tell you that straight up. They don't want to be stuck with machines on their books, so the "trade in" price reflects that. Sometimes they will just tell you they cant trade, if they don't think they can sell it on quickly

having said that, it can be quite difficult to get finance for a "private" sale that isn't through a licenced dealers yard & very few are going to be spending cash on big ticket items

at least with a trade you know how much you will "sell" it for & it is sold straight away - not trying to sell it for the next 6 months . . .

 

[Johnnyboxer]

having said that, it can be quite difficult to get finance for a "private" sale that isn't through a licenced dealers yard & very few are going to be spending cash on big ticket items

. . .

Not a problem in uk [emoji636] nowadays
Most Ag Finance companies recognise Farmer to Farmer private sales and will facilitate a sale and subsequent purchase on HP

It's a growing trend with many farmers buying privately

The seller gaining a bit more for his kit and the buyer securing a purchase at less cost than if he was buying via a main dealer

 

[robbie]

Last time i bought a tractor I got into the salesmans office to do the deal. I asked what his best price was, he said "so theres nothing to trade in" to which I said that's right. He then had a think and came up with a price a good bit less than what it was advertised as. I also got all the usual goodies and extras chucked in aswell.

My potential trade in was the make that the dealer is franchised for not some odd ball but he did say they were trying to reduce the amount of stuff on there books. In the end I kept the trade in anyway rather than sell it which has worked out to be handy....you cant have too many tractors!

 

[Cowabunga]

Some dealers just can't afford to finance more expensive machinery on their yard and will try and underwrite a p/x with another dealer keen to buy [which will be at a suitably low price point, no doubt]. Sometimes they can't find any takers at any price and will probably just walk away from a deal. There may be other good reasons for turning down a sale of course. If a machine is in poor condition or bespoke and probably slow to impossible to move on, then the price offered must reflect this.
Otherwise the wolf will soon be at the door. If you buy store cattle, keep and feed it for a year and sell for less than you paid, that is no more sustainable.