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Is There a Danger to Buying Last Year's Tractor Model?

Had a viewer question about buying a previous year tractor versus one manufactured in the current year. Andrew wanted to know if there was anything wrong with purchasing a cheaper 2022 model, versus getting a 2023. Tractors generally go up at about the rate of inflation. That's usually 3-5% a year but recently has likely been more like 5-7%. The year Tier IV engines arrived the price jumped about 10% because of the added cost of designing clean diesels plus inflation. Most of the time, models and options don't change but once every 5-10 years. The only danger I see to buying a previous year's model is that it's been outside in the elements longer. Here where I live, in the winter, a diesel tank with no treatment will accumulate moisture and a slick algae-like substance can form in there. Most dealers treat the fuel before winter hits, and if that was done at the dealership where the tractor is, there's likely no danger in buying the earlier model. Price increases can be a positive for companies and their sales force. If prices stayed the same there would be no incentive for moving older inventory. As it is, an annual price increase keeps the tractors fresh. As a salesman, I used to use upcoming price increases to get orders from dealers. There's nothing a dealer likes more than having a price advantage over his competitors and when an increase is coming, it's an easy sale to populate the lot with old-priced inventory. Resale value won't be greatly affected by the year of the tractor, like a car would be. The care and condition of the tractor will have way more impact on the trade value than the year would. In fact Kubota doesn't publish a serial number break to allow customers and competing dealers to know what year their tractors were built in. During Covid, tractor inventories dropped to historically low levels, we're about back to normal now, so I'm not surprised there are some 2022's on dealer's lots. If I were buying, I would definitely seek one of those models out and save the money. LINKS YOU NEED TO KNOW ABOUT... The Tractor Fun Store: https://asktractormike.com/products-f... Support the Tractor Mike Channel:   / tractormike   Visit the Tractor Mike website: http://asktractormike.com/ Copyright 2023 Tractor Mike LLC