Tractor Mike's video: Six Tractors With Horrible Resale Value DON T SHOOT ME IF YOU OWN ONE

Last week I talked about the hot used tractor market. If you own a 30-40 hp 4wd compact tractor with a loader in decent shape, you could sell it for a premium price right now. BUT...if it's one of these six types of tractors, it won't happen, not now or not ever, at least in my area and in my experience! I'm sorry if I got your hopes up... The first type of tractors that won't bring a premium is old gas powered tractors. I know there are folks that love them and wouldn't have anything else, and that's GREAT! They just don't have good resale value. Gas engines start great in the winter and are easy to work on, BUT...parts for some of them are getting hard to source, and a lot of people just like the modern features of newer tractors like power steering and front end loaders. Plus, gas tractors are sold old now, that they can require a lot of maintenance, and many of us just don't look forward to working on their tractor every time they want to use it. That hurts their resale value. The second type of tractors that won't bring a premium is 2wd compact tractors. Now, I grew up on tractors between 40 hp and 60 hp and they were all two-wheel drive and we got along just fine. But they were utility tractors. 2wd compact tractors weigh a lot less and can lose traction easily, just in wet grass. Put a loader on one and you have a recipe for disaster. So their value is not high. Next, is tractors with turf tires. R-3 tires are great if all you do is lawn maintenance, but they can also struggle with traction in mud when the cleats fill up. Sometimes you can swap the R-3 tires for R-4 tires, but usually that involves changing at least one set of rims as well. They're best avoided unless you have flat ground and never get out in the barn lot. The fourth type of tractor with limited resale value is any compact tractor without a front-end loader. Something like 99% of all compact tractors sell with a loader, many buyers think they can find a used one to put on a tractor without an FEL. That almost never works. In my experience, the front end loader will cost as much or more than the tractor is worth, and not be worth near double that amount when installed. So, if you're looking at a tractor without a loader, make sure you get it cheap so you have room to cover the cost of the bucket installation. The fifth type of tractor with limited resale value is a brand that has pulled out of North America and has no dealer representation. Long and Montana are examples. The Internet has enabled getting parts for many brands of tractors that are no longer in business, but that hasn't helped their resale value. Finally, junky tractors never have good resale value. If you get a beaten-up, late model tractor that has not been well maintained, you'll have trouble selling it at any price. Cream puff tractors will always bring more than you think, fixer-uppers will always bring less. The eye appeal has a huge impact on tractor resale values. I'm not saying to avoid these tractors at any cost, but if you do buy one of them, don't give a premium price. These tractors have not appreciated in value in today's hot tractor market and they probably never will. LINKS YOU NEED TO KNOW ABOUT... The Tractor Fun Store: https://asktractormike.com/products-for-sale/ Support the Tractor Mike Channel: https://www.patreon.com/TractorMike Visit the Tractor Mike website: http://asktractormike.com/ Visit Facebook Page: https://www.facebook.com/Ask-Tractor-Mike-312112962245304/ Copyright 2022 Tractor Mike LLC