Buying farm equipment is always an investment, and making the choice between new or used farm equipment for sale is an important consideration. This is true for smaller hobby farms in Arkansas, where the tractor and equipment may be used for mowing and property maintenance through to tractors and equipment that is required for bringing in the crops and used on a daily basis.
Making the choice between new and used is not always a simple factor of the cost. Of course, used equipment is offered at a lower price, but there is more than just pricing to consider.
Hours and Maintenance on Used Equipment
A big factor with used farm equipment for sale, particularly with private sales across Arkansas, is the hours on the equipment. This is easy to determine on new tractors as it is displayed in the instrument cluster and easy to obtain. However, for other equipment, it is really the word of the seller and a general impression of the condition of the equipment that determines fair market value.
At the same time, how well maintained the equipment has been throughout use as a more critical factor in many cases. Poorly maintained farm equipment for sale may look new, but it may have a lot of hidden problems.
When considering used farm equipment for sale, think about purchasing from a dealership, especially when buying tractors. These used tractors from a dealership tend to have low hours and are in good operating condition.
New Equipment
The benefit of new equipment is the warranty and the ability to choose the features and options that are required on the tractor and equipment. In addition, new equipment also offers the latest in technology and options, and it provides a much higher resale value in the future.
Finally, by choosing new equipment, buyers have the option of financing the purchase at highly competitive interest rates through the manufacturer.
