This week’s What’s It Worth? comes from Tyler L. out of Illinois. Tyler is considering selling or trading in his tractor — a 2011 John Deere 6430 with 2470 operating hours and a loader. Before he makes a decision, he wants to know what it’s worth to see what he might expect to receive if he sells at an upcoming auction or as a trade-in at his local dealership.
An analysis of Tractor Zoom’s Iron Comps database reports an average auction sale price of $48,158 based on 360 sale results for all John Deere 6430 utility tractors going back to September of 2008. Filtering down to those that are closer in age to Tyler’s model, we find that 6430s that were manufactured in 2011 have an increased average auction value of $63,969 based on 36 comparable sales.
Tyler’s 6430 has just a little over 2400 hours on it and he knows the used equipment market is hot right now, so he’s hoping the tight supply of late-model, lower hour tractors could help him catch a premium price for his equipment. For instance, just this past month, a similar 6430 loader tractor with a little under 1,500 hours fetched a price of $123,000 at auction!
Reviewing dealership list prices on August 29, 2022, we see the average list price of a John Deere 6430 at a dealership is $67,904 based on 153 listings since October of 2021. As of this article, Tractor Zoom currently has 39 active John Deere 6430s for sale featured on its website, with an average list price of $69,632, which is up nearly $3,000 over the last 30 days.
Trying to get a more accurate value for Tyler we can take into consideration how hot the market has been lately and look specifically at only 2011 models that are currently listed or have been sold since October 2021. Using that criteria, our average dealer list price adjusts to $69,019 (based on 30 comps) and if we filter further to only those 2011 lots that have been listed or sold in the last 90 days, the average dealer price increases to $73,690 (based on 11 comps). Tyler’s 6430 also comes with a loader attachment, so including that in our analysis of 2011 6430s sold in the last 90 days increases the average dealer list value to $90,448, however, this is based on only 2 comparable sales.
It’s important to note that the above is not a complete evaluation or valid estimate of Tyler’s 6430. Additional information on Tyler’s tractor such as machine condition, cab type, tire condition and type, or other options will impact the estimated value.
Sellers looking for an equipment appraisal should work with their bank or local equipment dealer or auctioneer to receive a formal appraisal on their piece of equipment.
Farmers looking to understand and monitor the value of their equipment can now build Equipment Lists at Tractor Zoom. Equipment Lists not only help you build an accurate representation of what your equipment inventory looks like and is worth, they also help you prepare the information you need to secure a formal appraisal from a bank or local equipment dealer when it’s time to sell.
For those looking for a John Deere 6430 for sale nearby or other tractors for sale, find available makes and models on Tractor Zoom. If you can’t find the exact year or specs you are currently looking for, save your search on Tractor Zoom to be notified when new equipment matching your needs hits the site. And, once you find a make/model you want to keep track of, be sure to Favorite that equipment so you can be alerted when dealer listing prices change, when bidding opens for the equipment, or when the final auction sale price is posted.