What Is The Value Of My John Deere Tractor?

What’s Your Used Farm Equipment Worth?

“What do you think it’s worth?” a farmer inquires of an auctioneer about a tractor he is considering replacing a 2015 Deere 8295R with. “The heater is certainly topnotch,” I responded, stepping around so he could appraise the cab, he said.

pinning down prices 

The more accurate your inventory of machinery on hand is, the more impact it can have on justifying a loan request, says Tina Barrett of Nebraska Farm Business Inc. “Don’t use your evaluation one year and then go with the 10% off of depreciation the next year,” she advises.

valuations vary by transaction 

Other situations where an appraisal can be useful include financial planning and estate planning. Loan values are not the most accurate method of determining a bidding limit at auction.

be specific with comparisons 

According to experts, it pays to be as specific as possible when describing equipment, and some of the most profitable time could be spent searching websites for prices or obtaining appraisals.

One Example of How Values Vary By Source 

The value of a John Deere 8295R tractor can vary greatly depending on the source of information and the condition of the machinery. Appraisal service IronSolutions.com worked through 229 4-year-old model 8295Rs to create price ranges and averages.

How to interpret all these prices

Because Iron Appraiser’s values are based on actual dealer trade-in or sales transactions, they are the most accurate. The difference between “buying” and “trade-in” appraisals is primarily due to reconditioning costs.

What about dealer, auction averages?

Dealer asking prices for 8295R tractors vary depending on hours and certain specifications; for example, a tractor with 751 to 1,000 hours costs $140 more than one with 1,001-1,500 hours. Auction prices provide a limited and erratic view of values.

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A Deep-Dive Look at Dealer Asking Prices – $151,397 – $188,950 – $193,100 – $202,900 – $200,760 – $201,760 A Deep-Dive Look at Dealer Asking Prices – $151,397 – $188,950 – $193,100 – $202,900 – $200,760 – $201,760

Geographic impact on equipment prices

Despite the fact that the influence of Internet sales has blurred geographic differences in used values, geography still has an impact on used iron. Yields aside, equipment from the Corn Belt has higher values than iron from other parts of the country, with the exception of tillage equipment.

Beware of recaptured depreciation when exchanging iron

The Tax Cuts and Jobs Act of 2018 changed the way that equipment and livestock “trades” are treated, eliminating like-kind exchange treatment for personal property, which could result in hundreds of thousands of dollars in new gain for many operations. The amount realized includes any money as well as the fair market value of property for that tax year.

Is there a blue book for John Deere tractors?

Choose a Year From 2005 to 2017, KBB.com has the John Deere values and pricing you’re looking for. With a year range in mind, it’s simple to narrow down the listings you want and even contact a dealer with questions or to schedule a test drive.

How much are old John Deere tractors worth?

In 2002, the average auction sale price for John Deere 4010 tractors was $4,798; in 2012, the average auction sale price has risen to $6,110.

How do I tell the year of my John Deere tractor?

The model year of a tractor is determined by the 8th digit of the tractor identification number, which is 1. Locate the 8th digit of your tractor identification number and compare it to the appropriate table below to determine the model year.

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Do tractors have titles?

Farm tractors are not titled or registered because, in comparison to motor vehicles, they have a lower rate of theft and fraud. In the United States, vehicle titles are typically issued by the Secretary of State in the state where the vehicle was purchased by the Department of Motor Vehicles.

How much do Tractors depreciate?

According to my calculations, once you drive a tractor off the lot, it will depreciate anywhere from 14% to 23%, so expect to lose a significant portion of the purchase price, similar to a brand new car.

Who is tractor Mike?

Tractor Mike, a YouTube video-based tractor operator training channel, surpassed 5 million views and 20,000 subscribers in early March 2018. Creator Mike Wiles said, “I’m honored and excited that my channel has reached these milestones.”

How is fair market value of used equipment determined?

When using the cost approach to determine fair market value of equipment, the appraiser determines what the current new replacement cost would be, then makes adjustments to account for the equipment’s physical, functional, and economic obsolescence.

Are old tractors valuable?

One of the main reasons older tractors are valuable is the high cost of new tractors; commodity prices have been low for the fifth year in a row. Those older tractors can be repaired by the owner, and parts are still available from the dealer even if the tractor is 40 to 50 years old.

How much does an old tractor cost?

Used compact and small tractors with up to 40 horsepower sell for $6,000 to $15,000. A three-year-old agricultural tractor with 50 to 75 horsepower will likely sell for $20,000 to $35,000. A gently used agricultural tractor with 95 to 120 horsepower will likely sell for $50,000 to $75,000.

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What was the first John Deere tractor?

The Waterloo Boy was John Deere’s first tractor, introduced in 1906, and named after the fact that it was the first tractor to use either gasoline or kerosene to heat the water in the boiler.

How do you decode a John Deere serial number?

The model number is the next four letters and numbers after the factory code, which are positions three to six in a 13-symbol VIN and positions four to seven in a 17-symbol VIN. For example, 6068 is the model number in the John Deere VIN CD6068G123456.

Can you tell the year of a John Deere Gator by the serial number?

You can easily determine the age of your mower by looking for the serial number tag on it, or if you have the owner’s manual, look for the date printed on the inside of the manual, which should be one year after the mower’s manufacture date.

How do you read a John Deere lawn mower serial number?

The model number will be displayed below the MODEL heading (Example: Z235), and the serial number will be underlined on the top-right corner of the tag (Example: 130002). Finding your model number and serial number is as simple as finding the identification tag on your machine.

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