Deere 7810 tractor worth same today as seven years ago
Have you seen the TV commercial where the guy buys the piece of artwork at auction, then announces he'd like to go ahead and sell it right away? I can't recall what company the ad is for, but it always makes me smile.
The ad captures the "now" nature of the culture we live in today. The buyer wants to make a profit, and he doesn't want to wait for the asset to appreciate over time. Who needs time? Just buy it and turn right around and sell it for a profit. "Flipping" is the term often associated with this type of buying/selling.
A piece of artwork is commonly perceived as an asset that can appreciate over the years. Our homes are another asset we all hope and plan on appreciating over the decades. Other assets like our cars fall into the depreciating asset category.
Used farm tractors have always been thought of as depreciating assets. Sure, the antique collectible tractors may be appreciating in value, but five to ten-year-old tractors can't actually hold their value year to year, or even go up in value as they age, can they?
Yes they can.
Case in point, the Deere 7810 tractor. Manufactured by Deere from 1997 on into the early 2000s, the 7810s are selling on the open auction market today for pretty much the same or more money than they were selling for two, five or seven years ago.
Don't believe me? Click on the link below to view the auction sale price data that proves the point.
Flash back to the year 1999. We saw a 1997 model JD 7810 mechanical front-wheel drive tractor with 697 hours, in excellent condition, sell for $68,000 on an auction in east-central Missouri. The same year we saw a 1998 model JD 7810 mechanical front tractor with 568 hours, also in excellent condition, sell for $60,700 at auction in northeast Kansas.
Compare to 7810s we've seen sell so far this year: a 1997 model mechanical drive front with 2,280 hours selling for $67,000 in southeast Michigan. Or the 1997 model with 2,881 hours that sold for $62,500 in southeast South Dakota. The list goes on, how about a 2000 model with 1,446 hours selling for $70,500 in northwest Illinois?
You get the idea.
Maybe you can't buy a Deere 7810 tractor today and expect to turn around tomorrow and sell it for a huge profit, but I bet those folks that bought 7810s back in 1999, used them for seven years and can sell them today for the same money they paid for them are pretty happy.
To see what a few other 150 horsepower range tractors, roughly the same age as JD 7810s, have been selling for at auction over the last 10 years, click on the PDF links below.
Click here to download a PDF of John Deere 7810 tractor auction sale prices.
Click here to download a PDF of CaseIH 8920 tractor auction sale prices.
Click here to download a PDF of CaseIH MX180 tractor auction sale prices.