How Much Does a Used Tractor Cost?
Last Updated: December 28, 2021
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Tractors are essential pieces of equipment on the farm. But, they're also used for everything from residential lawn care to construction, landscaping and industrial applications.
Because tractors are expensive pieces of equipment, many businesses opt for previously-owned models. Tractors are reliable and long lasting machines, so even used models can last for decades.
About Used Tractors #
Most used tractors are four-wheel drive. Four-wheel drive tractors offer better traction than two-wheel drive models, and they're a necessity if you're planning to use front attachments such as loaders. Two-wheel drive models are only preferable if you'll be doing lots of driving at road speeds.
Some used tractors have enclosed cabs; others do not. A tractor with an enclosed cab comes at a higher price tag, but offers greater comfort to the driver and protection from elements like sun, wind, rain and snow.
Used Tractor Average Costs #
The price of a used tractor is influenced by a number of factors: the age and condition of the machine, the brand name and model, the total hours of use, and the size and amount of horsepower.
- Gently used compact and small tractors with up to 40 hp sell for anywhere from $6,000 to $15,000.
- A three-year-old agricultural tractor with 50 to 75 hp would likely sell for $20,000 to $35,000.
- A gently used agricultural tractor with 95 to 120 hp would sell for $50,000 to $75,000.
Keep in mind that the prices above are just estimates. A tractor with 1,000 or more hours of use would sell for substantially less, while a barely-used tractor with lots of advanced features could sell for more.
In addition to the base price, you may have to pay extra for attachments:
- A rake attachment usually costs a few hundred dollars.
- Loader attachments run $3,000 to $5,000.
- Backhoe attachments can run $6,000 or more.
Buying a Used Tractor #
Due to the high cost of tractors, many farms and businesses choose to finance the purchase. You can opt for dealer financing or apply for a loan through your bank or credit union. Often, banks and credit unions have lower interest rates.
Before purchasing a tractor, shop multiple dealers. Compare prices and selection to make sure you're getting the best deal. Make sure your tractor comes with a warranty - even if it's just 30, 60 or 90 days - so that you don't end up with a lemon.
Do a thorough physical inspection of any tractor you're thinking of purchasing. Take it for a test drive to find out how well it runs. Listen for any strange noises or sounds. If possible, take it to your mechanic for a complete inspection.