Buying and Selling Used Farm Equipment
It’s impossible to farm without the right equipment, and that equipment doesn’t come cheap. But there are alternatives to buying new, off the lot, at full retail price. There are bargains to be had. Like used cars, there is a healthy market for used farm machinery in USA. If you are looking to buy or sell, here are some basics you should know.
It’s impossible to farm without the right equipment, and that equipment doesn’t come cheap. But there are alternatives to buying new, off the lot, at full retail price. There are bargains to be had.
Like used cars, there is a healthy market for used farm machinery in USA. If you are looking to buy or sell, here are some basics you should know.
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Get the best deals with 100% guarantee of quality and working condition. Find what you need at your
nearest location at the most reasonable price. Renting farm equipment could have never been easier.
So, wondering how did Farmease help Jeff and Robert. Well, logging on to Farmease App, Jeff got
connected with Jim at Spearman, who had the John Deree model Jeff wanted, and was paying 1%
annual interest and not using the machine for nearly two months a year. Jeff got his job done at a
reasonable price. Robert on the other hand made a neat $23,000 on his John Deree 980, 12.5m
cultivator by selling it to Dave. All of them got a great deal with the convenient and simple Farmease
App.
Conclusion
Establishing the value of used equipment for trade-in or asset-listing purposes is tricky business. A
banker will likely calculate the value by deducting 10% off the depreciation value. A dealer will compare
to recent sales for his or her expected return. Anything can happen at auction.
If establishing value for insurance purposes, beware undervaluation. Unless your policy is for full
replacement cost, you could end up trying to prove your machinery’s worth in the event of loss. A low
valuation will also hamper the equipment’s role as loan collateral.
Knowing and trusting the source of your information is crucial.
References
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