Buying a Tractor is one of the most critical decision in business especially because it involves heavy investment. A good understanding of farming requirements will help you make a right purchase decision and reap good crop & profits. Powerful tractors are also increasingly used for commercial purpose in heavy industry.
The power of tractor is measured in terms of horse power. The power range of tractor should be decided based upon factors such as operations to be performed, acreage of land etc.
In farming, implements are used along with tractor for performing various tasks. The implements used in these operations depend upon type of soil, type of crop, harvesting stage etc.
Unlike passenger vehicles, tractors tend to have longer life of 15-20 years. Therefore, it is always advisable to buy a tractor of reputed brand.
You can opt for additional features such as 2 Wheel drive/4 Wheel drive, automatic transmission, AC cabins, etc. as per your comfort and convenience at additional cost.
These tractors are available in the range of 0-15 HP and are used in gardening for grass cutting and mowing.
These tractors are used in farming for performing multiple task using single machine. The HP range of these tractors range from 20-50 HP.
These tractors are used for pulling bigger loads and multiple containers. They are mostly used in construction and heavy industry. The HP range of these tractors range from above 50 HP.
Due to rise of local tractor manufacturers, market now offers variety of options for buyers to choose from used and new tractors. Whether buying a new tractor or a used tractor, both have their own advantages and disadvantages. So, it completely depends on individual’s choice and preferences to opt for new or used tractor. Here are a few points to consider before coming onto one decision:
Buyer gets more choices to choose from in case of new tractors rather than being limited to what is available in case of used tractors.
New latest tractors are loaded with exciting new features and specs. However, used tractors offer limited features and specs.
Cost is very important deciding factor. The similar model of a new and a used tractor can differ drastically in pricing. New tractor is much more expensive than a used version with same features.
Depreciation rate is much faster in new tractors verses old tractors. If you buy a used tractor, its rate of depreciation is lesser because there’s no initial depreciation.
Resale value of a used tractor is higher than the new tractor, as there is less difference between buying price and selling price.
If you are planning to finance the tractor, then financing rate could be better in new ones verses the used one.
When you purchase a new tractor you know exactly what are you buying and what you will get. There’s no uncertainty about the features and you need not dig out the history of the tractor. However, when you shop a used tractor you must assure all the documents are complete and original, learn about accidental history (if any), find papers of insurance or finance, check service history or any major damage, and more information.
Buying insurance for a brand new tractor is more expensive. Companies offer better insurance rates for a used tractor.
A buyer generally gets confused with the various terminologies with respect to the price of the new Truck. These terms are applicable to the new Trucks only. There are two types of prices one must know that are explained as follows:
This is the price at which a dealer sells the new tractor to the retail customer. This price includes cost of transportation, dealer margin and more. Ex-showroom price may differ from state to state but it remains same for a state.
This is the actual price payable by the retail customer to the authorized dealer. It is even called as Invoice Value of the tractor. This price further includes some charges like accessories costs, State Registration Charges, Insurance charges, Delivery charges (Logistic Charges), Life Time Road Tax, and any additional warranty coverage. On-Road price is the final price a buyer pays, and it may vary from dealer to dealer within the same state.
If you are buying a new tractor, then you can go online and check the ex-showroom price for the particular tractor and model. This will help you negotiate and get some discount from the dealer. However, when buying a used tractor all these charges are not levied. A user pays the one final price on which both (buyer and seller) agrees.
If you are looking forward to buying a new or used tractor there are multiple ways to choose from. Both online and offline there are different vendors who can help you buy a tractor. Here we go with them:
You can go to India’s first marketplace Droom.in, to get your dream Tractor. Get enormous listings of used and new Tractor. Droom is the first online transactional platform providing sellers and buyers with a plenty of other benefits.
Contact a dealer online or visit him personally to buy a used tractor.
You can find an individual seller and contact him to crack the used car deal.
Visit an authorized dealer to buy a new tractor. Different makers have their own dedicated dealers that offer wide selection of latest models.
Before choosing a tractor make sure to keep in mind the below mentioned points especially when it’s about a used tractor.
The seller's credibility should be well-established. If required ask for professional references from the seller.
Get reviews of a dealer from previous customers or try finding them online if possible. This will help knowing the trustworthiness of the dealer in long run.
All original documents like RC, insurance papers, service records and more must be available for viewing and verification.
You can opt for an inspection to get a professional diagnostic report mentioning about health and condition of the Tractor. Inspection done by an expert will offer an unbiased review about the Tractor.
Apart from above documents, you might require furbishing some additional documents on case-to-case basis.
