Dealers not takjng trade ins . (2024)

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  • Farm Machinery
  • Machinery
  • Thread starterBoomerang
  • Start dateJun 26, 2024

Ducati899

Member
Location
north dorset
  • Jul 2, 2024
  • #201

lloyd said:

Jeez that seems low compared to a JD 6155.
I would say I average over double that ph.

all fields are close to farm,longest haul would of been 1000 meters away from clamp.we’re very lucky to be in a ring fence with little to no road work

Will 1594

Member

Mixed Farmer

Location
Other side of the river to sandringham
  • Jul 2, 2024
  • #202

Ducati899 said:

what would you be paying for tractor & 16 tonne silage trailer north of the border? Contractors fuel

Come to the circus in the fens £27 they supply the fuel ,

D

DRC

Member
  • Jul 2, 2024
  • #203

livestock 1 said:

Even if they take it to an auction so what
I take cattle and sheep to auctions constantly

Ahh but when you sell a fat bullock are you prepared to take a Jersey cross weanling in part exchange.
I think the worlds moved on from part exchange to be honest.

L

livestock 1

Member
  • Jul 2, 2024
  • #204

Everyone who is in a business that is there to provide a service needs to provide that service to get paid. Once they have decided they only want to provide certain bits of that service then they become obsolete

Jackov Altraids

Member

Livestock Farmer

Location
Devon
  • Jul 2, 2024
  • #205

DRC said:

Ahh but when you sell a fat bullock are you prepared to take a Jersey cross weanling in part exchange.
I think the worlds moved on from part exchange to be honest.

I agree but see it slightly differently.

It used to be that dealers has a small range of very popular tractors that suited most farmers.
Part exchange just provided all customers with a machine at an appropriate price point and kept the chain from scrap to new financed.
I'm not sure you can justify the expense of a new tractor at todays prices unless you run a big business or do contracting and the machines that suit them, don't suit the smaller farms.
So I'd happily buy a jersey cross weanling from a dealer but they only have Holstein bulls.

D

DRC

Member
  • Jul 2, 2024
  • #206

livestock 1 said:

Everyone who is in a business that is there to provide a service needs to provide that service to get paid. Once they have decided they only want to provide certain bits of that service then they become obsolete

Most purchases in life you don’t get the option to part exchange. Go and buy a new fridge, sofa or a pair of shoes and ask if they part exchange . You might be able to get a few quid for your old ones on Facebook or such like, but DFS won’t give you anything for your sofa

ColinV6

Member
  • Jul 2, 2024
  • #207

DRC said:

Most purchases in life you don’t get the option to part exchange. Go and buy a new fridge, sofa or a pair of shoes and ask if they part exchange . You might be able to get a few quid for your old ones on Facebook or such like, but DFS won’t give you anything for your sofa

Those are well known as disposable items though, vehicles and machinery and plant have a second hand market so there has to be dealers which will take them in and resell them.

daveydiesel1

Member

Livestock Farmer

Location
Co antrim
  • Jul 2, 2024
  • #208

DRC said:

Ahh but when you sell a fat bullock are you prepared to take a Jersey cross weanling in part exchange.
I think the worlds moved on from part exchange to be honest.

Without the ability to part exchange there will be very little new 1s sold as wbo wants to buy a second hand 1 privately at mabe 80-100k and try to get finance sorted as its easier if its coming from a dealer

thesilentone

Member

Livestock Farmer

Location
Cumbria
  • Jul 2, 2024
  • #209

daveydiesel1 said:

Without the ability to part exchange there will be very little new 1s sold as wbo wants to buy a second hand 1 privately at mabe 80-100k and try to get finance sorted as its easier if its coming from a dealer

Fear not, just because someone has given a personal opinion on this forum, does not mean it's reality.

smcapstick

Member
Location
Kirkby Lonsdale
  • Jul 2, 2024
  • #210

There is another dimension to consider, too… especially lower lower value / second hand machines - a dealer’s P/X quote isn’t always entirely an attempt to get the deal done. It’s the main part of the equation, yes, but there is also a more personal level.
Does he want this buyer as a customer? There is no point in welcoming a headache and sometimes you can just tell when the chap on the end of the phone is going to be one.
The kind of chap that will complain for pages and pages on an internet forum about not getting what he demanded for a trade-in is probably a chap the dealer in question didn’t want on the other end of his phone ever again.

M

MF CI

Member
  • Jul 2, 2024
  • #211

And don't forget the dealer of red tractors may not want a blue or green trade in. They are all so complicated now it's a risky business retailing (and guaranteeing) a £100,000 or more s/h tractor that's not your brand.

Cowabunga

Member
Location
Ceredigion,Wales
  • Jul 2, 2024
  • #212

ColinV6 said:

Those are well known as disposable items though, vehicles and machinery and plant have a second hand market so there has to be dealers which will take them in and resell them.

There is a second hand market for white goods. The value is low though, so a business trading them is not financially viable. If you can’t sell the used part exchange for a profit, no matter whether it’s a £10 or £100,000 item, then it is not viable to take it in.

The answer may be for the item to be left at the dealer’s yard to be sold on behalf of the owner at their own cost and for the original owner who would be paid directly by the new purchaser and to warranty it for the next owner. I somehow doubt whether that is acceptable to most people. Yet they expect the dealer to do so regardless.

daveydiesel1

Member

Livestock Farmer

Location
Co antrim
  • Jul 2, 2024
  • #213

Cowabunga said:

There is a second hand market for white goods. The value is low though, so a business trading them is not financially viable. If you can’t sell the used part exchange for a profit, no matter whether it’s a £10 or £100,000 item, then it is not viable to take it in.

The answer may be for the item to be left at the dealer’s yard to be sold on behalf of the owner at their own cost and for the original owner who would be paid directly by the new purchaser and to warranty it for the next owner. I somehow doubt whether that is acceptable to most people. Yet they expect the dealer to do so regardless.

But if the original owner has to warranty it then how woukd the dealer need a cut aswel?

grainboy

Member
Location
Bedfordshire
  • Jul 2, 2024
  • #214

Enry said:

FW article showed (2022) Claas UK were biggest turnover dealer with £155m - few others at £100-110m so hard to see how you could have debt equalling or exceeding turnover in a trading business

Claas Uk is a distributor, not direct sales I think you find,
But dealers turnover is not far behind,

Dealers not takjng trade ins . (11)

Dealers not takjng trade ins . (12)

M

mixedfmr

Member

Mixed Farmer

Location
yorkshire
  • Jul 2, 2024
  • #215

Cowabunga said:

There is a second hand market for white goods. The value is low though, so a business trading them is not financially viable. If you can’t sell the used part exchange for a profit, no matter whether it’s a £10 or £100,000 item, then it is not viable to take it in.

The answer may be for the item to be left at the dealer’s yard to be sold on behalf of the owner at their own cost and for the original owner who would be paid directly by the new purchaser and to warranty it for the next owner. I somehow doubt whether that is acceptable to most people. Yet they expect the dealer to do so regardless.

If that was a system imposed on us by the dealers, cant see them shifting much new at all, and prices would have to dive, and thats a no no as the manufacture is tied into his finances
Seems were all tied together dancing a stand off
Unless someone can find the RESET button. And sh*t happens,
Be good for some though, always some tall poppies

F

Flatland guy

Member
Location
Lincolnshire
  • Jul 2, 2024
  • #216

daveydiesel1 said:

Without the ability to part exchange there will be very little new 1s sold as wbo wants to buy a second hand 1 privately at mabe 80-100k and try to get finance sorted as its easier if its coming from a dealer

Sorting out finance yourself is not a big issue at all, just get 2/3 quotes and go for the one that suits your business best, whether that is cheapest or one that suits your circ*mstances. The only real difference is possibly someone will just come and check it is a legit machine e. g. actually exists.
People buy very expensive pieces of kit at auctions all the time, so as long as you do due diligence and accept wear and tear shouldn't be an issue. If buying off a farmer usually should have no concerns attaching to machine and seeing running, if at that stage you hear excuses about why can't see running usually means.... leave alone.

L

livestock 1

Member
  • Jul 2, 2024
  • #217

DRC said:

Most purchases in life you don’t get the option to part exchange. Go and buy a new fridge, sofa or a pair of shoes and ask if they part exchange . You might be able to get a few quid for your old ones on Facebook or such like, but DFS won’t give you anything for your sofa

All that stuff is knackered though when you are finished with it not upgraded

Sharpy

Member

Livestock Farmer

Location
Ardrossan Ayrshire
  • Jul 2, 2024
  • #218

livestock 1 said:

All that stuff is knackered though when you are finished with it not upgraded

Why don't you run your kit till its knackered and worthless then?

Cowabunga

Member
Location
Ceredigion,Wales
  • Jul 2, 2024
  • #219

daveydiesel1 said:

But if the original owner has to warranty it then how woukd the dealer need a cut aswel?

Presumably the dealer would be expected to sell it on the owner’s behalf. Something like what Amazon and eBay do for clients except somewhat more hands-on and actively.

I’m not advocating this. Just pointing out the capital involved in dealers buying back machinery to sit on their yard and selling it while putting the boot on the farmer’s foot to see how he would like it himself. I know that farmers would find this unacceptable even while expecting the dealer to fork out and take the risks and warrant the used machine.

Last edited:

Nearly

Member
Location
North of York
  • Jul 2, 2024
  • #220

livestock 1 said:

All that stuff is knackered though when you are finished with it not upgraded

Sharpy said:

Why don't you run your kit till its knackered and worthless then?

Because a washing machine never broke down and left 100 acres of hay in the swath with rain forecast?

We've 4 washing machines plumbed in here. Most bought second hand from people moving house or upgrading what we'd think of as 'new' kitchens.
Similar policy for tractors. Dealers not takjng trade ins . (16)

Dealers not takjng trade ins . (2024)

FAQs

Dealers not takjng trade ins .? ›

Dealerships can often profit from an older car that requires repair work. Some dealerships may not take trade-ins on vehicles that require significant repairs, so it's worth checking the dealer's policy on trade-ins and whether they accept junk cars.

Do dealers ever refuse trade-ins? ›

If an experienced appraiser thinks you're trying to hide something, they'll either refuse your trade or give you a low-ball offer. There are several things that the dealership's used-car appraisers will be looking at: Vehicle Age: The worth of a vehicle generally declines with its age.

Why is dealer trade in so low? ›

The Dealer also knows that they cannot legally sell that car until they obtain the title and lien release for it. Thus, it slows down their turn on cash to take your trade from you. So, they bid low, hoping you either sell it somewhere else or they end up buying it at such a discount they don't mind on the payoff.

Do dealers negotiate on trade-ins? ›

Negotiate offers

Since dealers typically start with low trade-in offers, it's up to you to negotiate a better price. You shouldn't accept any offers below the industry guides' minimum value — if the dealer refuses to meet it, try another dealership.

Is it wrong to trade in a car with problems? ›

Many individuals trade in previously owned automobiles specifically due to the problems. Your dealership will need to do an evaluation of your vehicle to provide you an exact trade-in value, but the basic rule of thumb is almost any kind of dealership will trade in any type of automobile as long as it is driveable.

Why shouldn't you tell a dealer you have a trade in? ›

Fundamentally, says Bill, "dealerships like to move money around. So it probably also is not in the buyer's best interest to mention right up front that he or she has a car they want to trade in. Because once we know that, we know you're looking to get as much money as you can out of the trade-in."

How do dealers make money on trade-ins? ›

The profit from trade-ins comes from the difference between the trade-in value given to the customer and the resale value of the vehicle. Financing and insurance products are a significant source of income for dealerships.

Is cash value more than trade-in value? ›

Trade-in value is typically the lowest of the values for a car.

How much lower is trade-in value? ›

Trade-In Value vs.

You pay the dealership by selling them your car at around 15% of the retail value. While you may be inspired by this fact to sell the car privately, it's often quite affordable to work through a dealership. Why do you ask?

Are trade-ins worth it? ›

Because dealerships handle the entire process and put work into your car to resell it for a profit, you won't get the most money possible. However, a trade-in is a good option for those who prefer convenience over value.

When not to trade in your car? ›

When Not to Trade In a Car. Although there are exceptions to this rule — as there are for most rules — don't trade in a car that is worth less than what you owe. In other words, if you get less when trading it in than the loan payoff, don't do it.

How long should you keep a car before trading it in? ›

Trading in your car after two years and before three years might get you more than if you waited until after three years, because your new car warranties are likely still active at two years. But it should ultimately depend on your financial situation and your car's depreciation after the two years.

Why do dealerships want you to trade in? ›

The dealer needs to be compensated for all the legwork of marketing the used car that you prefer not to do. But what most people do not realize is that, by trading in your car, you also give the dealer a competitive advantage in negotiating the price of a new car.

What should you not say when trading in a car? ›

Not mentioning your plans to trade-in up front.

Some car shoppers believe the myth that you'll get a better price for your trade-in if you wait until the end of the deal process to mention it.

What things do car dealerships do to hide how poor a car might be? ›

Car polishes applied with a microfiber cloth can be used by dealers to buff out scratches and restore the paint to its original color. To a purchaser who is only looking at the car briefly, it then appears as if the scratch doesn't exist.

Is it financially smart to trade in your car? ›

Trading in a car generally helps you reduce how much you'll need to borrow when buying another vehicle, but if you have a balance on your current auto loan, you may be encouraged to roll your existing balance into a new loan, which will increase your total loan costs and the interest you'll pay over the life of your ...

Can you trade in a car with a check engine light on? ›

If the check engine light is flashing, take the car in for a quick diagnostic. Small fixes are totally doable. Otherwise, leave larger “fixes” for the dealer. It may reduce the trade-in car value but will cost the dealership much less for repairs than it will for you.

Can you trade in a car that won't start? ›

In some cases, dealers will offer trade-in value for vehicles that don't run. Also, many junk car buyers offer loan payoff when they buy your vehicle. However, sometimes private buyers offer more for a junk vehicle than a dealer or buyer.

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