Agriculture Reference
In-Depth Information
BUYING A TRACTOR
Generally, you can buy farm equipment in three ways: through a dealer, by private contract,
and at auction. Working with a reputable dealer is ideal because you will get experienced
advice and have a much better chance of finding what you really need. A good dealer will
specifically ask what type of work you plan to do with your tractor, the size of your acre-
age, and how much you expect you will use the tractor. Most dealers offer warranties on
new equipment, some offer a limited warranty on reconditioned equipment, most offer re-
pair service, and many, if you become a regular customer of theirs, will provide advice and
answers after purchase. A dealer may also offer low-rate financing from the manufacturer.
If you already have experience with machinery and equipment, buying privately or at
auction can be a viable option, but if you have not driven, hitched, and pulled a fair bit, get
a professional opinion before you buy or bid.
Is the tractor you want mechanically functional now? If not, what needs to be repaired
and what would be the cost of the parts and labor? Are parts readily available? What is the
item's value? (See the next section, Buying a Used Tractor, for specifics.) If you ask a tract-
or dealer or mechanic to evaluate a used tractor or other equipment for you, be prepared to
pay an appraisal or consultation fee.
Some of the most common mistakes made in purchasing a tractor include being unin-
formed, using price alone as a buying criterion, buying a fix-up, and buying too small.
