If you’re looking for used tractors for sale, you should consider trading in a tractor as part of that purchase. Trading in your old tractor can have a number of benefits worth considering.
When you’re looking to buy a tractor, it’s easy to get wrapped up in the shiny new machines, free of dents and scrapes with all the latest technology. We completely understand — new tractors are exciting! Actually, all tractors are exciting, and sometimes the brand new machines just aren’t the best fit. Every tractor has its place and purpose, whether it’s brand new, 5 years old or 20 years old. We’d like to highlight some of the benefits of purchasing used equipment from us here at C & B Operations below.
Spend Less Money
The most obvious benefit of using a trade-in for your used tractor purchase is that the value of the trade-in can be applied against the cost of the used tractor. This can significantly reduce the cost of you upgrading your equipment. This cost savings can also increase the cash flow for other parts of your operation.
Further, depending on state laws, the sales tax applied to the sale of the used tractor is only figured based on the difference between the value of the trade-in and the value of the used tractor you buy. This can equate to substantial savings. Please consult your accountant before making a purchase.
Spend Less Time
Additionally, trading in your old equipment means you won’t have to deal with the hassle of selling it. Despite the ease of the internet and all the available platforms for selling used equipment, it’s still a time sink. Trading that equipment in on a sale means you can immediately get out from under your old equipment. You won’t have to worry about finding storage space or fielding potential buyers.
And while it may not be a direct benefit to you, trading in used equipment helps maintain the market of used equipment that people are looking to purchase. Not everyone wants or even needs to purchase new equipment, and trading in your used equipment with your purchase helps dealers maintain a readily available stock of used tractors for other buyers.
Maintaining this ecosystem of trade-ins and used equipment is essential to keeping a fluid and readily available supply of machinery in the industry.
The benefits of trading-in used equipment when buying used tractors extend beyond just reducing the sticker price. Saving money on taxes, removing the hassle of selling old equipment and improving the used equipment market are all incredible benefits of trading in your old tractors.