Determining The Value Of New Tractors
Determining the value of new tractors is important if you plan on buying a new machine. These tools don't come cheap, and they can be an integral part of any large property or agriculture operation. Tractors can be used in a number of ways in just about any season, and different models will run at different rates.
Whether you plan on using your tractor for snow removal, lawn maintenance, or pulling other heavy equipment, you will need to be strategic in how you evaluate it in order to get the best deal for your money.
Know What You Need:
Tractors are evaluated much differently from cars and trucks, and one of the reasons that so many people are trying to determine the value of new tractors rather than used, is due to the diminishing margin between the two. The size of these machines, along with their increased rate of fuel efficiency and options for cab size and hydraulics make new models seem much more affordable.
Before you start evaluating your options, you need to know exactly what you're looking for, because this will play a large role in the price. Is a full cab necessary? Do you want a particular style of transmission? What type of additional attachments (mower, tiller, or loader) are required? Let's break down a few components that you can base the value on.
Implements And Characteristics of Tractors:
Horsepower is something that can alter the value of new tractors, so you should know the difference between PTO and brake. The PTO rating of a tool will ultimately determine what kind of implements and attachments can be added. This means that you might find yourself spending more for a tractor that allows you to do more than just mow your yard, but it can be worth it if you plan on utilizing the machine for multiple purposes.
Transmission and engine speed can also factor into the value of new tractors, as can brand, model, and size. A compact tractor will cost less than a full-sized one, and you may find yourself spending more for an air seeder than a basic model. Your dealer will be able to help you identify each of these components and what goes into the overall price of the unit that you're considering, but you should still take a look for yourself before inquiring.
Check The Blue Book:
Just like cars and other vehicles, tractors have their own Blue Book listing, and while the additional features listed above may make a difference in the value of new tractors, you'll find that the base rate is easily visible throughout this type of guide. Finding an official listing will give you an edge when you walk into a dealership or contact a tractor retailer online because you won't be "taken for a ride" in the attempt of the salesperson to gain a larger commission. Instead, you'll be on equal ground and have an understanding of how much each model is worth.
There are a number of websites that supply the blue book evaluations, and you may find that for the new models you will need to pay a small fee to use the guide or service, but it is worth it overall.
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