Top 6 Tips to Protect your Tractor’s Resale Value
It might well be the case that you plan to use your existing tractor and other agricultural equipment until such time as they have rusted away to virtually nothing.
If so, that’s fine but if you have something in mind relating to their future resale then you need to protect your residual values as far as is possible.
Here are a few tips from White’s Tractors on this important subject though this is by no means a comprehensive list.
Just like a car purchaser, buyers of agricultural equipment may be heavily influenced by their initial impression and that will be based upon a first-look photograph or perhaps a glimpse in your shed upon arrival. So, try to do what you can to keep external paintwork and bodywork in good visual appearance.
Keep hold of your original manufacturer’s guides etc. Not having those available can be a big turn-off for some buyers.
Make sure that you can show things such as past invoices and service records where appropriate. Buyers of agricultural equipment like to know that the kit has been well maintained, particularly if it is something that’s complex and more expensive.
Don’t get carried away with customisation. It can be quite off-putting if something no longer bears much resemblance to the manufacturer’s standard specification. That additional useful ‘thing’ you welded on some years ago might seem great to you but perhaps less so to someone else.
Where possible, try to use industry-recognized spare parts. Seeing what’s effectively an odd-job lot of different bits and pieces in various parts of the equipment you’re trying to sell might again be a bit disconcerting to some.
Try to keep everything in working order. Nothing depresses sales values faster than needing to begin your pitch with an apology and a long list of things that either don’t work or don’t work properly.
There’s nothing revolutionary or radical in any of the above and much of it is common sense.
Taking the above steps should help to ensure your equipment will sell a little more easily and a little more lucratively.