Why Should You Purchase a Used Tractor?
Owning and buying a tractor is a serious investment, but you might be able to save money without losing working value by purchasing a used tractor. A lower price tag isn’t the only benefit to buying a used tractor, though! Our team at Enlow Tractor Auction specializes in selling quality used equipment, so we’ve put together this useful list of benefits.
Save Financially in Several Ways
Beyond the retail price, tractors need maintenance, fuel, and other care that isn’t free. Even if you bought a brand new model, you’ll have to pay for the warranty, servicing, and care over time. With a used purchase, you are skipping the warranty fees, reducing your experience with depreciation, and gaining the perk of a lower asking price.
Owner’s pay a high price for new equipment that immediately loses value once it’s off the dealership lot. You’ll actually save more money, even if you choose to sell your tractor at a later date, because you’ll have a lower rate of depreciation on an older model. You can actually use the depreciation of newer equipment to your advantage to get great prices on good condition tractors!
Another benefit you may not think of right away is the lower cost of taxes you’ll have to pay on a used tractor.
Find a Balance Between Use and Life
You might worry that owning a used tractor means you’ll gain less life out of it than you would buying something new, but that isn’t necessarily true. Many operators will rent or lease tractors, making them used but with a lot of hours left to give. If the tractor was well-maintained by the previous owner and/or was only used for demos and leasing, you will likely get an outstanding price for a barely used piece of machinery.
Try to find something with less than 5,000 hours. You want to find a solid balance between how much use it’s gotten without sacrificing longevity for your operation. Buying used shouldn’t mean you lose out on years of use, especially because this equipment is built to withstand long and hard work.
Get to Work Faster
Beyond the financial benefit and reliability of used tractors, you also experience the advantage of quicker access to your tractor and parts. Many times when you purchase a used machine, you’ll be able to haul it off the lot right away. You won’t need to wait for your model to arrive on the lot!
It’s also very likely that having an older model will result in faster accessibility for parts ordering. More dealers will have parts on hand for previous models and you won’t need to wait for shipping.
Owning used equipment has its perks and can be very advantageous for many operations. If you’re ready to find your next new-to-you tractor, our team at Enlow Tractor Auction would love to meet you! We are located in Tulsa, OK, and offer auction, wholesale, and consignment. We are proud to serve the farming communities of Oklahoma City and Wichita, KS.