November 05, 2021
What is a Good Price for a Used Tractor?
Have you found yourself asking, “how much is a used tractor worth?” Perhaps you’ve found yourself scrolling through endless pages of a “used tractors for sale” search trying to find a good deal. Whether you’re looking to sell your own tractor or purchase a new-to-you tractor, figuring out what a good price is for each make and model can take a lot of time and be difficult to nail down. We’re taking a look at what good used tractor prices are and answering several common questions about the pricing and purchase of a second-hand tractor.
What is a good price for a used tractor?
A good price for a used tractor will depend on an incredibly wide range of factors. A good price will depend on:
- Current market conditions
- Make and model
- Size of the tractor
- Amount of horsepower
- What attachments are included or excluded
- Total hours of use
- Wear and tear
- Location where the tractor was used (shed-kept is preferable)
- Supply and demand of used tractors
The best way to find out if the used tractor is a reasonable price is to research current prices for comparable tractors so you are comparing apples to apples. At Machinery Pete, we make this research a breeze with our search function and easy filters so you can compare prices quickly.
Is there a blue book for farm equipment?
When you’re wondering, “how do I find the value of a used tractor?” it may seem like an easy solution to go look for a blue book. Most people are familiar with the Kelley Blue Book, a tool used for cars to determine prices, but there really isn’t an equivalent in the farm equipment space. Different companies may claim to have a “blue book” of prices, but these are usually generated by a specific business using their own pricing or data, not necessarily industry-wide prices. Prices for used farm equipment vary widely based on the factors discussed above, so any used tractor pricing guide that claims to have the definitive price for tractors, in general, may not be the best source to get your prices from.
Why are used tractors so expensive?
Used tractors are expensive due to the supply and demand and, for older models, the fact that they can easily be fixed on your own. Newer tractors often have software that prohibits farmers from DIY fixes, and finding the correct parts for newer models can be an issue. Used tractors, particularly those from the 1970s and 1980s, are especially in demand since their parts are easy to find and the fixes are relatively simple.
How much should I pay for a used tractor?
Your tractor is an investment in your future, and it’s important to find the right fit at the right price. We’ve compiled a list of questions to help you determine if the price of a used tractor is worth it for you:
Do you need four-wheel or two-wheel drive?
How important is a closed cab for you?
What are the prices of similar models?
What types of uses will the tractor need to accommodate?
How much horsepower (hp) do you need? How much do you want?
Are there brands and models of tractors that you prefer?
What is the age and condition?
How many hours does the tractor have?
How many hours is the tractor expected to last?
Used tractors can cost anywhere from $3,000 for the smallest under 40 hp tractors to $75,000+ for an agricultural tractor with 100-174 hp. For current market prices, you can search our general categories to look at a wide range of listings by horsepower:
The right tractor at the right price with Machinery Pete
We know how to find the right tractor at the right price, because Machinery Pete was born out of a need to find current farm equipment prices. Greg Peterson, Founder of Machinery Pete, began passionately researching, tracking, and reporting on auction prices from his home office in 1989. Due to his dedication, Machinery Pete has turned into the fastest-growing marketplace for buyers and sellers of used farm equipment. You’ll find a large selection of equipment listings—from auctions to for sale by owner to dealers—all in one accessible space so you can compare prices and find your used tractor. Search for yourself today at MachineryPete.com.