Hi Tim. One point you didn't bring up that I would like to mention is the homesteader trend of the last 3 years. Alot of people purchased new homes/ homesteads and bought small tractors to do their projects. With the real estate market being very slow and the lack of homes being bought and sold there is naturally a decline in demand for compact tractors.
I look on Facebook market place and people who are selling tractors must think they really have something to sell. Their prices are more than some of them were back in the day when they were new. Zero turn mower on their last night supposedly had only 29 hours on it. They were selling it because they were moving and didn't need it anymore. I think more than likely the hour meter didn't work. When part of the deck was missing covers over the spindles and have bad scratches all over i know something is putting out a red flag. I personally don't buy used equipment, i want something to last and at least a warranty. I bought an old Ford tractor at an auction and we didn't know much about it and later found out the loader was actually too big for the tractor. Couple of days after owning it the water pump went out and the radiator was almost totally plugged up. It was fairly easy to fix it.
I take my guards off of all my mowers, easier to keep it clean from around the spindles. . . Grass clippings and / or leaves like to collect around the spindle but under the spindle covers. Or always a red flag 🚩 buddy. But hey, if you don’t feel comfortable or know what you’re lookin’ at then I can’t blame you for being cautious! I’m just saying not everything is a red flag if you KNOW what to look for & know what you’re looking AT! For me, it’s I don’t want clippings and stuff to collect around my spindles so I allow it to “breathe” freely! I’m not doing anything to damage my spindles but grass collecting under the spindle covers / guards WILL damage those spindles!
Very good episode and advice for us to hopefully benefit from. You guys sure are helping us navigate the ins and outs of the tractor market. Thank you. God bless you and your family.
I have a 4052r and a 1025r and I was considering selling my 1025r in the spring. You have convinced me to keep it! It is a 2022 TLB with only 90 hrs on it and for such a huge hit on used prices, I can keep it in my business and make a lot more than that monthly payment! No reason to lose $15k after only 1 year of use with 0% financing! Another great video that I appreciate a-lot! Thanks Tim & Christy!
Love your auction videos - really interesting! Glad you both had the time to get to this one and look forward to seeing the other tractors come under the hammer.
I wanted to get a 3025E for my old 855 replacement but the bobcat 2035 was about $4k cheaper and had 300lbs more loader capacity. Love JD and love my bobcat now. About 70 hours in 3 months clearing our house land.
Great Informative Video Tim and Christy. Now I really know I got taken 2 years ago after paying $28,000 for my 1025R, with post hole digger and bucket.. lol
In my area, south Georgia, I see more construction equipment on the auction lot than a year ago. I also see more campers for sale. Inflation is hitting everyone and if it was financed, people are needing to get out under the payment. I do not see the economy getting any better so I expect prices to drop on used and new since demand seems to be going down (I do not have any data to back this up, just understand there is less discreationary spending available)
Some good information, I think I stumbled upon one of these deals couple months ago. I picked up a 2019 1025r with a 54-in mower deck bucket with about 260 hours for $13,000.
There is a huge difference now in these prices for sure. We had no choice but to buy new and got true zero percent financing with Kubota for 84 months. There is no upcharge to do that as it is sometimes done at the larger brands. We also opted in for the insurance and extended warranty. Both Kubota and JD have a track record of being good at honoring these agreements. I totally agree about 2 tractors at 2 different sizes if you can do it. It is great flexibility and helpful if one is down and work needs to get done.
Things just seem to always go up and up in price. I buy and use until they drop. Glad to see the used market is selling for what I had paid. My 1025R was worth the investment. It’s paid for. And that’s the best thing!
Tim I found that in the last 4 years that it’s actually harder to get a loan on used vehicles and equipment that the finance rates are close to double the rates of new that you end up in a longer loan rate that you are making payments for 20 years that would normally take 10 years
Bought my 1025r when the gov. was sending out $300 monthly checks in 21' and was planning to name the tractor "Lil' Joe". As expected, the checks stopped but it's nearly paid off so no regrets. So glad I bought before the staggering inflation hit tractor pricing
I am one of those COVID buyers. Left the big city in 2021 to where I am going to retire. Bought 4 acres in Nov 2020 and a 1025R in April 2021. The things were just going nuts on price and inventory at the time was a bit slim. The best I remember without looking it up I paid about $22K for the 1025R with loader, 60D mowing deck and a box blade. Seems retail was around $24K+. I took the 72 months no interest (lost a $250 incentive to finance) instead of paying cash. Looks like a smart move now as that cash sitting there is drawing 5-6%. My only thing is I have no plans to sell my tractor even as I could probably use a zero turn to mow now. It is handy for all kinds of things other than mowing. 🙂
Thanks for the info Tim! I live in Gosport, IN and will be checking out the Monrovia auctions in the future. Currently I only need to mow so I just picked up a 300 hr. X738 since a sub-compact tractor exceeded my needs. Looking forward to more of your videos.
I'm pretty convinced how smart you are has little to do with following any "market" trend in any industry lately. It seems the general trend is to keep everyone stepping, fetching and guessing as a distraction from who knows what is actually going on behind the scenes. Stay safe and sane everyone, and don't let other people choose your friends or enemies for you.
Seeing the same price softening (overall) and wife is thinking "we" should buy a few used to fix and flip.I'm not inclined to do that since money is so dang tight for people looking for a repaired used tractor. They want great used at junk tractor prices. I'll just keep doing what I've been doing in retirement: whole lot of piddlin doing my projects on my schedule.
You do a good job getting to the point… at least you keep me listening. Others have me moving on so good job. I agree with you and I have been saying for a while, people are running out of money. You can’t expect to keep up with a lifestyle when your expenses go up 30% but not your revenues. And I am one of those guys hesitant to drop $25k on a toy tool. Will be interesting to see where this all goes. Your thoughts are spot on. Now I just have to hope that one of those $15k sub compacts show up local. Keep up the good work!
Thanks for the kind words. It is very difficult to be brief. Anyway, I can’t get to $15k, but there are new tractors selling as used at cloudstore.co/auction the prices drop every 12 hours until sold. Less than 5 hours on the machines which have not left the lot.
Hi guys. I purchased both my 3033R and 2025R during the heart of COVID and was able to get good deals and I’m glad I did. New sales seems to be in the dealers favor right now in most cases across the board no matter what your buying. We have put major purchases like vehicles and equipment on hold until we see where the economy is headed. I enjoy equipment auctions but I always tell people that most of the time farmers in our area don’t sell equipment because they want the next latest and greatest it’s because they have fixed the equipment so much it was time to move on. And a lot of the time you will see that same piece of equipment in the next auction a year later.
@@TractorTimewithTim no not at all. The quality you see in that auction is much better than what we see in a lot of the auction we have in my area. In my area your best bet is an estate auction if you’re look for a deal on a compact or subcompact tractor.
Interesting content. I bought a subcompact this time last year. I could have paid cash for it but I did the zero percent loan. I might as well use their money. I am currently considering buying a new F450 as a tow vehicle to replace my 12 year old F250. Used F450s now cost MORE than new! That is because a used one can be taken home immediately, and new ones basically have to be ordered with a 3 to 6 month wait. There is a used 2023 F450 near me that sold NEW for $80,500. It has 3700 miles. The dealer wants $93,000 for it used. Ridiculous. Sure wish the used super duty market was following the subcompact tractor experience.
From my experience at auctions when multiples of a single thing exist the first usually sets the price for the rest in the lineup. Condition will always affect price regardless. My point of reference is single farm and household auctions with the vast majority having less than 10% consigned items.
Prices likely reflect the fact that if you ever had to have a Deere tractor serviced or repaired it is a nightmare (certainly here in CT). The privately owned franchises were all bought out by some kind of conglomerate and customer service is no longer what it was. Also Mahindra and Kioti prices are much more affordable and you can actually deal with the owner of the dealership.
Just a homeowner & first time buying a little tractor, and am being quoted $1500 over MSRP for a new Kubota bx23s. With taxes and all the fees its $30,000 and whole buying process feels like dealing with car dealership practices. Got tuned off John Deere's nebulous website and lack of pricing anywhere. I'm on the sidelines doing more research.
From what I've seen the used market has been directly affected by the finance rates at the dealers. A used tractor I buy for resale at $15k I'll mark for sale at 17K. When it sells, current used dealer rates are from 6-9%. If 17k is finance for 60 month at 6% the monthly payment is 328.66. A new machine sold at $19899 at 0% for 60 month is 331.65. With the payments for these machines practically the same which makes selling the used tractor at a 2 thousand dollar profit practically impossible. The only time that the used markets wins right now over the new machine is when its something special. Thank you for all your great videos.
I couldn't find a used tractor. I bought it to build a house was cheaper then highering people so it paid it self off. Total cost 42k driveway 8k paid 2k for materials. That's 6k there. Foundation trenching lines leveling yard the way I want (filling holes) digging stumps was well worth it.
Thank you Tim and Christy for another informative video. With a 24 minute investment of time your viewers have market data and analytics that we can trust as well as if we’d spent a couple hours or more doing our own research.
You gotta remember that the well used ones have been battle tested and most of the sacrificial parts replaced which is nearly everything on a JD at least for my 2038R.
@@schlomoshekelstein908 Oh too many to count on small JDs. Cheap hydraulic hoses mainly. Don’t dare replace with real ones and apparently hydraulic rams are sacrificial to the frame if you dare dig out stumps with your backhoe and seriously don’t install a grapple on a 1 or 2 series if you actually need a grapple.
I got a 1023E as a "moving gift" with the D120 loader and it could barely pick my lathe up high enough to slide dollies under it to get it into the moving truck. I don't know what i'm gonna do with it, sell it and g et a case 580 lol. the FEL maxes out at 550 lbs or so. I don't have the backhoe attachments but I can't imagine it's fun to use@@gwolf7716
I really like these videos, and I learn a lot from these videos. I am a Kubota man but John Deere and Kubota are the Ford vs Chevy debate. I would not hesitate to buy a John Deere like these at auction either.
That 1st 1025r sold for $15,250 with 71 hours my tractor was same set up in spring 2017 was like $18,000. The following spring with a tax return I brought it back an got a 260 backhoe added. Backhoe was $6,500 installed with taxes included. Lil over a year ago I asked what the prices were going and I was told I couldnt touch the same set up on a new 1025r for under $30,000 anymore hearing a similar jump on attachments pallet forks I got from the dealer was around $575 now $1,000 or more
Im surprised they were that high. Pre-covid auction i went to had 20+ 1025r loader and backhoe (no mower) with not even a scratch on the bucket and 3pt arms included for $12,500. Ea
Yes with backhoes, but no mower decks. I tried to look it up but it's not on the Lyons Auction house website. I was there Live and watched them go. They only had about 5 of us bidding on them so the auctioneer ran it up to the $12,500 then give bidders the option to take one at that price. It was 2 guys buying them all from out of state. I expected they were reselling them.
Auctions always fun. For those prices on the 1025R, sure seems like a good value to me. BTW, I did notice that Christy accompanied you at this auction. ;-) Blessings.
Hey Marks Family - it is great to see you doing what you love. I am not into tractors since I live in a subdivision, but I enjoy learning about what you love. Remain faithful. David Smith
17:17 I can't even begin to imagine who you're talking about there :) But if you have a Tractor that's Works Good, I'm not sure I'd replace it right now.
Problem with these smaller tractors is some of the competition in that market. Tym, Mahindra and LS is pretty big in our area because of the support in our area. And they are usually alot better price.
I own a 2025r and have been somewhat happy with it. 60 inch deck loader and box blade for less than 18k in 2020. These sub tractors have been overpriced for several years. A 2025r with a loader for 17k was close to a deal but still overpriced. Rural king, King tractors blow all these John Deere tractors away.
The recent burst of "homesteaders" have realized it's a lot harder then they realized. "You mean I have to cut wood and heat my house? I can't live and feed my family on 6 chickens and a goat?" Just watch a few CZcams channels or homestead rescue and you'll realize how many people are completely lost trying to start a homestead.
I bought a 1023e for a good price, got the serial number and john deere wouldn't run it for me, I had to pay a couple bucks for a 3rd party to make sure it was paid off and there want a lein.... but I agree, always research the serial number. Love my 1023e with the upgraded 120r loader
@@KD-lq1sr I used a personal property registry for my local area, if you Google personal property registry (then your state/Provence) then something should come up, hope that makes sense and helps.
Hey Tim and Christy, first it was awesome meeting you two!! Second, whoever shared that philosophy of buy the first, we'll once in a while he's wrong... 😂😂 I can't remember, do they charge sales tax there? If so, that has to be figured into bid price.
It seems like there are many more auctions in your area than in the New England area where I live - I'm interested in upgrading my 2017/ 1025R unit to a newer 10254R unit with fewer hours - my question is - do you ever act as agent to buy one of the auction units for clients?
a bare 2024 1025r with nothing on it is 30 K in Saskatchewan Canada right now I bought mine in 2018 for 18 k with loader, quick attach and mower. The price of a new sub compact is absolutely unrealistic in Canada.
Check out (preview) our upcoming "reverse/Dutch auction" at cloudstore.co/auction The first tractors are listed now...with a timer showing when the price begins to decline. Not sure how difficult to get them shipped over the border.
My word, the price of used, full sized trucks in my area, is unbelievable! A 20 year old F350 for $15k! If yall wanna make some cash on an old clunker pickup, bring it to Arizona, apparently.
Hi Tim and Christy! Maybe my eyes are failing me, but it seems like most the tractors you guys were looking at had pin-on buckets. Anyway, I love your auction episodes in particular. Keep up the good work.
Interesting to see the trend, but how do these end up at the auction? Are they where owners traded in for an upgrade and the dealer auctions it or what?
@@poppapawn7535 I will try that. Thank you. Although really deere should do that from factory or the dealer should at least throw one in the deal when your loading up on the implements when they know it’ll hardly pick up a snowblower
Tim: really enjoy your channel! Need advice. I own a small 6.3-acre farm that has been in the family for 45 years. I am slowly trying to restore it both dwellings and land. Last year, I purchased a new X590 JD Lawn Tractor ($15k). Been great and hours are low. I do know I eventually need a compact. First, some folks trade up; others hold onto original mower as a backup. Thoughts? I know some state it is difficult to add / remove cutting deck. Second, I see a ton of 1025r on the secondary market and fewer 2025r. I believe this reason is twofold; first more of the smaller have been sold, and fewer of the 2025r respectfully. One of my big needs is an auger as I have a boatload of fencing that needs to be replaced. Finally, I do not have a local mechanic to service whatever I might purchase, so I will need to purchase new due to warranty life and that the dealer will provide maintenance. I know the two models are very similar, but the constant shaking of augur use makes me believe that the more weight of the tractor, the better. Any advice across the board that you can offer would be great. Thanks.
People are realizing they are junk. I bought a brand new one three years ago and have had nothing but trouble I would not recommend a John Deere to anybody small tractor
Tim - where do auction houses get the tractors? In this case, somehow they got four (4) 1025R tractors. Are they repossessions? Estate sales? Private individuals?
Likely trade ins at a dealer. Dealer doesn’t want those ‘nearly new’ ones on the lot, as they would hinder new sales. So they sell to the auction. One dealer chain (multiple locations) would easily get 4 low hour 1025r trades like that.
Paid 15,500 pre Covid for 2017 1025r TLB with 60” deck, 60” York rake, 60” Frontier box blade, quick hitch and loader plow. Sold off what I didn’t need and my net purchase was 12,000 for what would cost 30,000 post Covid.
New models have price increases. Each year the used units get older and of less value. More people selling as the homesteaders move off the farm and into the rest homes.
Thank you. Good video. I am now that person seriously looking at selling my 2032R. I am just not using it for anything besides some light brush hogging and plowing snow. Last Winter I plowed our driveway 4 times. I'm in Mid Michigan. It has 105 hours on it. Just the tractor, 66" front blade, brush hog and R14T tires. NO front bucket. 105 hours. It's just sits in my barn. I haven't started it since September. I have 0% interest on it. Do I keep it? It's tough like you mention about keeping them or not fo some.
I dunno Bob. Do you think you would use it more if it had a loader? We find that loader and pallet forks is the most used configuration. Lifted several different things just this morning. It really isn't "dropping" much in value now. It will continue to hold value. I would recommend adding a battery maintainer if you haven't. Other than that, it should be fine.
I just use the tractor for brush hogging our 4 acres and plowing snow. I really like the tractor. If I sell it, I can get one of those pull behind brush hogs for our Gator. I wonder how good those are....@@TractorTimewithTim
Equipment, trucks, and related business products are easily double the price they should be. It's all tax write offs making prices go sky high. Why not make massive 400% profits as a company when most of the sales are tax write offs? Small equipment is insane for what you're getting. It's a joke the price you pay.
Tim; I bought a 1025R new in 2014 and started watching TTWT. My first tractor; learned alot with your help. I want to buy a used 3046R or 3039R. I have a grapple & need a 3rd function, Also want to add a power tilt to 3rd arm. Do you ever act as a Buyer agent at these auctions? I@@TractorTimewithTim
@@TractorTimewithTim i mean a new seat and possibly tires itd be ok. Luckily the 1025 isnt quite powerful enough to really hurt itself. If it had oil services done and was actually greased it honestly would make a good little tractor and itd cost half of new with less than a 1000 hours
Tim: Did any of the 4 low hour 1 Series tractors have single point hydraulic hookups or 3rd function options? What were the manufactured dates for the 4? God’s Blessing’s, Curly from Oconomowoc
Looking to buy one! Wish I could been there 15K! A friend has a 2017 1025r 250 hr. Loader,60inch deck box blade,i-match on rear. EC 16k firm. Good deal?? Been saving $$ for it. But would a RK19 do job for me at half that used?? New one for less or around same $$ w/ warranty! But yes,you can find deals on this site or another.
Auction videos are always a win! Very interesting to see trends and actual results.
Hi Tim. One point you didn't bring up that I would like to mention is the homesteader trend of the last 3 years. Alot of people purchased new homes/ homesteads and bought small tractors to do their projects. With the real estate market being very slow and the lack of homes being bought and sold there is naturally a decline in demand for compact tractors.
I look on Facebook market place and people who are selling tractors must think they really have something to sell. Their prices are more than some of them were back in the day when they were new. Zero turn mower on their last night supposedly had only 29 hours on it. They were selling it because they were moving and didn't need it anymore. I think more than likely the hour meter didn't work. When part of the deck was missing covers over the spindles and have bad scratches all over i know something is putting out a red flag. I personally don't buy used equipment, i want something to last and at least a warranty. I bought an old Ford tractor at an auction and we didn't know much about it and later found out the loader was actually too big for the tractor. Couple of days after owning it the water pump went out and the radiator was almost totally plugged up. It was fairly easy to fix it.
I take my guards off of all my mowers, easier to keep it clean from around the spindles. . . Grass clippings and / or leaves like to collect around the spindle but under the spindle covers. Or always a red flag 🚩 buddy. But hey, if you don’t feel comfortable or know what you’re lookin’ at then I can’t blame you for being cautious! I’m just saying not everything is a red flag if you KNOW what to look for & know what you’re looking AT! For me, it’s I don’t want clippings and stuff to collect around my spindles so I allow it to “breathe” freely! I’m not doing anything to damage my spindles but grass collecting under the spindle covers / guards WILL damage those spindles!
Yeah use it for five years and sell for about what it cost new.
Very good episode and advice for us to hopefully benefit from. You guys sure are helping us navigate the ins and outs of the tractor market. Thank you. God bless you and your family.
I have a 4052r and a 1025r and I was considering selling my 1025r in the spring. You have convinced me to keep it! It is a 2022 TLB with only 90 hrs on it and for such a huge hit on used prices, I can keep it in my business and make a lot more than that monthly payment! No reason to lose $15k after only 1 year of use with 0% financing! Another great video that I appreciate a-lot! Thanks Tim & Christy!
Love your auction videos - really interesting! Glad you both had the time to get to this one and look forward to seeing the other tractors come under the hammer.
I wanted to get a 3025E for my old 855 replacement but the bobcat 2035 was about $4k cheaper and had 300lbs more loader capacity. Love JD and love my bobcat now. About 70 hours in 3 months clearing our house land.
Great Informative Video Tim and Christy. Now I really know I got taken 2 years ago after paying $28,000 for my 1025R, with post hole digger and bucket.. lol
In my area, south Georgia, I see more construction equipment on the auction lot than a year ago. I also see more campers for sale. Inflation is hitting everyone and if it was financed, people are needing to get out under the payment. I do not see the economy getting any better so I expect prices to drop on used and new since demand seems to be going down (I do not have any data to back this up, just understand there is less discreationary spending available)
Like I said before you can't eat steel. I think over the next year they will get even cheaper.
Some good information, I think I stumbled upon one of these deals couple months ago. I picked up a 2019 1025r with a 54-in mower deck bucket with about 260 hours for $13,000.
There is a huge difference now in these prices for sure. We had no choice but to buy new and got true zero percent financing with Kubota for 84 months. There is no upcharge to do that as it is sometimes done at the larger brands. We also opted in for the insurance and extended warranty. Both Kubota and JD have a track record of being good at honoring these agreements.
I totally agree about 2 tractors at 2 different sizes if you can do it. It is great flexibility and helpful if one is down and work needs to get done.
Tim,
Your advice was worth slightly more than I paid for it. Good video
Things just seem to always go up and up in price. I buy and use until they drop. Glad to see the used market is selling for what I had paid. My 1025R was worth the investment. It’s paid for. And that’s the best thing!
Tim I found that in the last 4 years that it’s actually harder to get a loan on used vehicles and equipment that the finance rates are close to double the rates of new that you end up in a longer loan rate that you are making payments for 20 years that would normally take 10 years
Bought my 1025r when the gov. was sending out $300 monthly checks in 21' and was planning to name the tractor "Lil' Joe". As expected, the checks stopped but it's nearly paid off so no regrets. So glad I bought before the staggering inflation hit tractor pricing
It's the economy: money is tighter than most people think.
I am one of those COVID buyers. Left the big city in 2021 to where I am going to retire. Bought 4 acres in Nov 2020 and a 1025R in April 2021. The things were just going nuts on price and inventory at the time was a bit slim. The best I remember without looking it up I paid about $22K for the 1025R with loader, 60D mowing deck and a box blade. Seems retail was around $24K+. I took the 72 months no interest (lost a $250 incentive to finance) instead of paying cash. Looks like a smart move now as that cash sitting there is drawing 5-6%. My only thing is I have no plans to sell my tractor even as I could probably use a zero turn to mow now. It is handy for all kinds of things other than mowing. 🙂
Thanks for the info Tim! I live in Gosport, IN and will be checking out the Monrovia auctions in the future. Currently I only need to mow so I just picked up a 300 hr. X738 since a sub-compact tractor exceeded my needs. Looking forward to more of your videos.
I'm pretty convinced how smart you are has little to do with following any "market" trend in any industry lately. It seems the general trend is to keep everyone stepping, fetching and guessing as a distraction from who knows what is actually going on behind the scenes. Stay safe and sane everyone, and don't let other people choose your friends or enemies for you.
Things are leveling off in the construction equipment prices also
Be interesting to see what next year brings
Seeing the same price softening (overall) and wife is thinking "we" should buy a few used to fix and flip.I'm not inclined to do that since money is so dang tight for people looking for a repaired used tractor. They want great used at junk tractor prices. I'll just keep doing what I've been doing in retirement: whole lot of piddlin doing my projects on my schedule.
Great video! Just bought a Kioti CK3520SE. Finance prices are still high but huge discounts for cash buyers.
You do a good job getting to the point… at least you keep me listening. Others have me moving on so good job. I agree with you and I have been saying for a while, people are running out of money. You can’t expect to keep up with a lifestyle when your expenses go up 30% but not your revenues. And I am one of those guys hesitant to drop $25k on a toy tool. Will be interesting to see where this all goes. Your thoughts are spot on. Now I just have to hope that one of those $15k sub compacts show up local. Keep up the good work!
Thanks for the kind words. It is very difficult to be brief.
Anyway, I can’t get to $15k, but there are new tractors selling as used at cloudstore.co/auction the prices drop every 12 hours until sold.
Less than 5 hours on the machines which have not left the lot.
look at the car and truck markets - they also are having trouble selling - new and used - banks also are not lending
Thanks Tim. Interesting video and good advice. I was wondering why there was not a kitty bouncing around anywhere!! Now we know. 😺😺
Hi guys. I purchased both my 3033R and 2025R during the heart of COVID and was able to get good deals and I’m glad I did. New sales seems to be in the dealers favor right now in most cases across the board no matter what your buying. We have put major purchases like vehicles and equipment on hold until we see where the economy is headed. I enjoy equipment auctions but I always tell people that most of the time farmers in our area don’t sell equipment because they want the next latest and greatest it’s because they have fixed the equipment so much
it was time to move on. And a lot of the time you will see that same piece of equipment in the next auction a year later.
Maybe...but that is CERTAINLY not the case for these 4 1025R's. They are not junk.
@@TractorTimewithTim no not at all. The quality you see in that auction is much better than what we see in a lot of the auction we have in my area. In my area your best bet is an estate auction if you’re look for a deal on a compact or subcompact tractor.
Interesting content. I bought a subcompact this time last year. I could have paid cash for it but I did the zero percent loan. I might as well use their money. I am currently considering buying a new F450 as a tow vehicle to replace my 12 year old F250. Used F450s now cost MORE than new! That is because a used one can be taken home immediately, and new ones basically have to be ordered with a 3 to 6 month wait. There is a used 2023 F450 near me that sold NEW for $80,500. It has 3700 miles. The dealer wants $93,000 for it used. Ridiculous. Sure wish the used super duty market was following the subcompact tractor experience.
From my experience at auctions when multiples of a single thing exist the first usually sets the price for the rest in the lineup. Condition will always affect price regardless. My point of reference is single farm and household auctions with the vast majority having less than 10% consigned items.
Prices likely reflect the fact that if you ever had to have a Deere tractor serviced or repaired it is a nightmare (certainly here in CT). The privately owned franchises were all bought out by some kind of conglomerate and customer service is no longer what it was.
Also Mahindra and Kioti prices are much more affordable and you can actually deal with the owner of the dealership.
Just a homeowner & first time buying a little tractor, and am being quoted $1500 over MSRP for a new Kubota bx23s. With taxes and all the fees its $30,000 and whole buying process feels like dealing with car dealership practices. Got tuned off John Deere's nebulous website and lack of pricing anywhere. I'm on the sidelines doing more research.
Deere has the ‘build your own’ tool for MSRP pricing.
Your Deere dealer will give you an official quote below MSRP. You just have to ask.
From what I've seen the used market has been directly affected by the finance rates at the dealers. A used tractor I buy for resale at $15k I'll mark for sale at 17K. When it sells, current used dealer rates are from 6-9%. If 17k is finance for 60 month at 6% the monthly payment is 328.66. A new machine sold at $19899 at 0% for 60 month is 331.65. With the payments for these machines practically the same which makes selling the used tractor at a 2 thousand dollar profit practically impossible. The only time that the used markets wins right now over the new machine is when its something special. Thank you for all your great videos.
I couldn't find a used tractor. I bought it to build a house was cheaper then highering people so it paid it self off. Total cost 42k driveway 8k paid 2k for materials. That's 6k there. Foundation trenching lines leveling yard the way I want (filling holes) digging stumps was well worth it.
Thank you Tim and Christy for another informative video. With a 24 minute investment of time your viewers have market data and analytics that we can trust as well as if we’d spent a couple hours or more doing our own research.
Auction fees in my area are 15 % and used financing is around 8-9% so it’s often cheaper buying new at 0% It’s only good deal if you pay cash.
You gotta remember that the well used ones have been battle tested and most of the sacrificial parts replaced which is nearly everything on a JD at least for my 2038R.
whats a sacrificial part on a tractor
@@schlomoshekelstein908
Oh too many to count on small JDs. Cheap hydraulic hoses mainly. Don’t dare replace with real ones and apparently hydraulic rams are sacrificial to the frame if you dare dig out stumps with your backhoe and seriously don’t install a grapple on a 1 or 2 series if you actually need a grapple.
I got a 1023E as a "moving gift" with the D120 loader and it could barely pick my lathe up high enough to slide dollies under it to get it into the moving truck. I don't know what i'm gonna do with it, sell it and g et a case 580 lol. the FEL maxes out at 550 lbs or so. I don't have the backhoe attachments but I can't imagine it's fun to use@@gwolf7716
That’s what I paid for buying mine new in 2018 with the same options tractor, loader, mower deck
I really like these videos, and I learn a lot from these videos. I am a Kubota man but John Deere and Kubota are the Ford vs Chevy debate. I would not hesitate to buy a John Deere like these at auction either.
Next episode has LOTS of Kubotas…big variety too!
That 1st 1025r sold for $15,250 with 71 hours my tractor was same set up in spring 2017 was like $18,000. The following spring with a tax return I brought it back an got a 260 backhoe added. Backhoe was $6,500 installed with taxes included. Lil over a year ago I asked what the prices were going and I was told I couldnt touch the same set up on a new 1025r for under $30,000 anymore hearing a similar jump on attachments pallet forks I got from the dealer was around $575 now $1,000 or more
$24,500 in 2017 dollars is $30,750 in 2023 dollars...it's actually the same price inflation adjusted. Feel free to get mad at our government now haha.
Im surprised they were that high. Pre-covid auction i went to had 20+ 1025r loader and backhoe (no mower) with not even a scratch on the bucket and 3pt arms included for $12,500. Ea
"Pre covid". ....who cares...totally irrelevant now.
Also, bring receipts. I don't believe you.
considering 20-25% inflation since then, $15,000 would be the same price as $12,500 pre-covid
@@stryker5573 yep…but not with backhoe
Yes with backhoes, but no mower decks. I tried to look it up but it's not on the Lyons Auction house website. I was there Live and watched them go. They only had about 5 of us bidding on them so the auctioneer ran it up to the $12,500 then give bidders the option to take one at that price. It was 2 guys buying them all from out of state. I expected they were reselling them.
Auctions always fun. For those prices on the 1025R, sure seems like a good value to me. BTW, I did notice that Christy accompanied you at this auction. ;-) Blessings.
Yep. Kinda uncomfortable. She sat on my hands during the entire auction! Oh, and she conveniently forgot to bring my bidder number :-(
Hey Marks Family - it is great to see you doing what you love. I am not into tractors since I live in a subdivision, but I enjoy learning about what you love. Remain faithful. David Smith
Thanks David! We miss you around here, but we know you are enjoying the warm weather and grandkids!
17:17 I can't even begin to imagine who you're talking about there :) But if you have a Tractor that's Works Good, I'm not sure I'd replace it right now.
Thanks Tim! Excellent presentation as always.👍🏻
Problem with these smaller tractors is some of the competition in that market. Tym, Mahindra and LS is pretty big in our area because of the support in our area. And they are usually alot better price.
I own a 2025r and have been somewhat happy with it. 60 inch deck loader and box blade for less than 18k in 2020. These sub tractors have been overpriced for several years. A 2025r with a loader for 17k was close to a deal but still overpriced. Rural king, King tractors blow all these John Deere tractors away.
Maybe. I am still skeptical of the rural king tractors. Not because of the tractor itself, but because of support.
The recent burst of "homesteaders" have realized it's a lot harder then they realized. "You mean I have to cut wood and heat my house? I can't live and feed my family on 6 chickens and a goat?" Just watch a few CZcams channels or homestead rescue and you'll realize how many people are completely lost trying to start a homestead.
Thanks for this auction video,I love them.:) wow, I would have bought that 800hour 1025R in a heartbeat.:O
I bought a 1023e for a good price, got the serial number and john deere wouldn't run it for me, I had to pay a couple bucks for a 3rd party to make sure it was paid off and there want a lein.... but I agree, always research the serial number. Love my 1023e with the upgraded 120r loader
@peterkoster5053 which 3rd party did you use? I'm in that situation now.
@@KD-lq1sr I used a personal property registry for my local area, if you Google personal property registry (then your state/Provence) then something should come up, hope that makes sense and helps.
Hey Tim and Christy, first it was awesome meeting you two!! Second, whoever shared that philosophy of buy the first, we'll once in a while he's wrong... 😂😂 I can't remember, do they charge sales tax there? If so, that has to be figured into bid price.
Didn't mean to pick on you. :-)
They do charge sales tax...but not for resellers or farmers, as both are tax exempt.
It seems like there are many more auctions in your area than in the New England area where I live - I'm interested in upgrading my 2017/ 1025R unit to a newer 10254R unit with fewer hours - my question is - do you ever act as agent to buy one of the auction units for clients?
a bare 2024 1025r with nothing on it is 30 K in Saskatchewan Canada right now I bought mine in 2018 for 18
k with loader, quick attach and mower. The price of a new sub compact is absolutely unrealistic in Canada.
Check out (preview) our upcoming "reverse/Dutch auction" at cloudstore.co/auction The first tractors are listed now...with a timer showing when the price begins to decline. Not sure how difficult to get them shipped over the border.
Thank you, Tim.
Right-on Tim.... GREAT Video.... Like to see what the other compact tractors are doing??!!! B🙏👍🍔🍔🌭🌭✌️😄
Used cars are facing the same drops in prices. Finance costs have gone up. Total cost of ownership are forcing down sale prices.
Thanks for the video Tim! It is very helpful an timely
My financial director still says to wait regardless of the quantity of Cheesburgers...
Used prices are just adjusting back to pre-covid percentages as new inventories are rebuilt, People still have plenty of money and are spending it!
My word, the price of used, full sized trucks in my area, is unbelievable! A 20 year old F350 for $15k! If yall wanna make some cash on an old clunker pickup, bring it to Arizona, apparently.
I bought my 1025r with a hoe 5 years ago for 20k. Wow prices have jumped for new tractors
Christy made sure you didn't go alone this time...
The rise in mortgage rates and payments may be forcing people to sell their tractors.
Clint from CZcams CC Equipment just posted a visit to this auction. He is more interested in heavy equipment but did buy a ford tractor.
CC video is from october sale.
Green was 3g higher for same hp as Kubota.
Guess what I bought.
550 hours later- no regrets
More to a tractor than HP.
I have a 2019 1025rTLB, 60 in mower, Curtis Cab with heat, Mechanical THumb, 90 hours. Excellent condition. Any ideas on value?
And don't forget that most auction companies will add a 10-15% buyer's premium onto the hammer price, along with 3-5% if you pay with a card.
Not this one. No auction premium. I doubt you can use card to pay
Great summary Tim
Hi Tim and Christy! Maybe my eyes are failing me, but it seems like most the tractors you guys were looking at had pin-on buckets. Anyway, I love your auction episodes in particular. Keep up the good work.
No, all 5 of these were JDQA.
Maybe TTWT can comment because I thought JD had their JDQA system on all of their R series tractors.
@TractorTimewithTim I just finished my comment when I saw saw your response. Perhaps they were looking for the SSQA system which is rare on a JD.
OK, so it was just my poor eyesight… I thought pinned buckets were making some strange surge
Enjoy your information
Interesting to see the trend, but how do these end up at the auction? Are they where owners traded in for an upgrade and the dealer auctions it or what?
Wow I wish my 1025r had that much lift on the 3pt in the back! Only downside to those units
I PUT AN ADJUSTABLE ADJUSTER ON THE OTHER 3PT LIFT AND GOT SEVERAL INCHES MORE LIFT
@@poppapawn7535 I will try that. Thank you. Although really deere should do that from factory or the dealer should at least throw one in the deal when your loading up on the implements when they know it’ll hardly pick up a snowblower
Tim: really enjoy your channel! Need advice. I own a small 6.3-acre farm that has been in the family for 45 years. I am slowly trying to restore it both dwellings and land. Last year, I purchased a new X590 JD Lawn Tractor ($15k). Been great and hours are low.
I do know I eventually need a compact. First, some folks trade up; others hold onto original mower as a backup. Thoughts? I know some state it is difficult to add / remove cutting deck.
Second, I see a ton of 1025r on the secondary market and fewer 2025r. I believe this reason is twofold; first more of the smaller have been sold, and fewer of the 2025r respectfully. One of my big needs is an auger as I have a boatload of fencing that needs to be replaced. Finally, I do not have a local mechanic to service whatever I might purchase, so I will need to purchase new due to warranty life and that the dealer will provide maintenance. I know the two models are very similar, but the constant shaking of augur use makes me believe that the more weight of the tractor, the better. Any advice across the board that you can offer would be great. Thanks.
Auger really needs larger than even 2025r. …but will work on 1025r. I would choose 1025r or 2032r/2038r. Totally skip the 2025r.
Hahaha cat's made faces at you.
I just missed a 2501 kubota with a backhoe for 24k with only 30 hours
People are realizing they are junk. I bought a brand new one three years ago and have had nothing but trouble I would not recommend a John Deere to anybody small tractor
New tractors are garbage and the prices are insane.
Buy a old one or build one out of a old truck frame. You will be better off.
Good info Tim. As always....
I wonder if you can correlate price to hours with that dataset….
Tim - where do auction houses get the tractors?
In this case, somehow they got four (4) 1025R tractors.
Are they repossessions? Estate sales? Private individuals?
Likely trade ins at a dealer. Dealer doesn’t want those ‘nearly new’ ones on the lot, as they would hinder new sales. So they sell to the auction.
One dealer chain (multiple locations) would easily get 4 low hour 1025r trades like that.
Are these prices going to implements and attachments too? I have been looking for a brush hog, I match hitch, and a 3point weight rack for my 1026r.
Paid 15,500 pre Covid for 2017 1025r TLB with 60” deck, 60” York rake, 60” Frontier box blade, quick hitch and loader plow. Sold off what I didn’t need and my net purchase was 12,000 for what would cost 30,000 post Covid.
I paid $1 for a cheeseburger in 2017.
@@TractorTimewithTimI used to get Burger King Whoppers for 99 cents each. Like you say…irrelevant.
New models have price increases. Each year the used units get older and of less value. More people selling as the homesteaders move off the farm and into the rest homes.
I am not seeing the year of these tractors. Are the 2016/17 tractors essentially the same as 2020-2021 tractors?
These are 21-22
Give auction results for 75hp tractors. Thanks
For a little over $60K you could have had 4 new John Deeres!
Could be because they are a glorified garden tractor. BTW, I am a big JD fan.
Thank you. Good video. I am now that person seriously looking at selling my 2032R. I am just not using it for anything besides some light brush hogging and plowing snow. Last Winter I plowed our driveway 4 times. I'm in Mid Michigan. It has 105 hours on it. Just the tractor, 66" front blade, brush hog and R14T tires. NO front bucket. 105 hours. It's just sits in my barn. I haven't started it since September. I have 0% interest on it. Do I keep it? It's tough like you mention about keeping them or not fo some.
I dunno Bob. Do you think you would use it more if it had a loader? We find that loader and pallet forks is the most used configuration. Lifted several different things just this morning.
It really isn't "dropping" much in value now. It will continue to hold value.
I would recommend adding a battery maintainer if you haven't. Other than that, it should be fine.
I just use the tractor for brush hogging our 4 acres and plowing snow. I really like the tractor. If I sell it, I can get one of those pull behind brush hogs for our Gator. I wonder how good those are....@@TractorTimewithTim
I always wonder who buys these tractors and then sells them with few hours. I guess they didn’t think it through.
We talked about reasons to sell during our analysis at the end. Plenty of valid reasons.
Equipment, trucks, and related business products are easily double the price they should be. It's all tax write offs making prices go sky high. Why not make massive 400% profits as a company when most of the sales are tax write offs? Small equipment is insane for what you're getting. It's a joke the price you pay.
Did you honk on the way by?
Thanks!
Thank you! Very much appreciate it!
Tim; I bought a 1025R new in 2014 and started watching TTWT. My first tractor; learned alot with your help. I want to buy a used 3046R or 3039R. I have a grapple & need a 3rd function, Also want to add a power tilt to 3rd arm. Do you ever act as a Buyer agent at these auctions? I@@TractorTimewithTim
that beat up 1025r is up my alley ill take cosmetic issues all day long and that tractor was just used lol
Maybe. This one was worse than most.
I find that folks overpay for these torn up machines for that very reason.
@@TractorTimewithTim i mean a new seat and possibly tires itd be ok. Luckily the 1025 isnt quite powerful enough to really hurt itself. If it had oil services done and was actually greased it honestly would make a good little tractor and itd cost half of new with less than a 1000 hours
Thank you for your videos
No money is a major factor
No bids this time, was Christie sitting on your hands?
Yes! And she left my bidder number at home!!!
Are these repos or what???
Do they come with dealership warranty?
Depending on initial sale date, yes, the warranty would be transferrable.
Tim: Did any of the 4 low hour 1 Series tractors have single point hydraulic hookups or 3rd function options? What were the manufactured dates for the 4?
God’s Blessing’s, Curly from Oconomowoc
No single point or 3rd function. Pre 2023, but 2020 or later. I did not look at serial numbers. Probably should have.
Thanks !
Looking to buy one! Wish I could been there 15K! A friend has a 2017 1025r 250 hr. Loader,60inch deck box blade,i-match on rear. EC 16k firm. Good deal?? Been saving $$ for it. But would a RK19 do job for me at half that used?? New one for less or around same $$ w/ warranty! But yes,you can find deals on this site or another.
Get the 1025r. Much nicer than an RK…and full support.
Veiled shot noted...lol
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