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value of a 340 utility

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Dennis in Illin

04-07-2005 14:57:57

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I found a 340 utility that runs, it has good tires. The problems are that the power steering drive works but is very tired. The steering arms have been badly bent and now are straightend and welded with angle iron for extra strenght.Some sheet metal is missing and the seat is just springs.I was told everything else works, but it was a parked outside tractor. I cant read the hour meter and the serial number data plate isn"t legible. Is there another place to check for the S/N? Are parts still available for this tractor? His asking price is $1500. Is that reasonable. Thanks Dennis

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PaulW_NJ

04-08-2005 14:55:17

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Re: value of a 340 utility in reply to Dennis in Illinois, 04-07-2005 14:57:57

That"s a difficult one. I bought a 340U last year, and paid $2750. It"s a great tractor, but what is a good price really depends upon what you may have to fix. I would have to ask the question as to why the steering arms were bent in the first place. Likely the previous owner had a loader on it, which if used hard puts a great deal of strain on the steering components. I"ve read on this forum that a worn steering gear mechanism necessitates replacement of the steering box, and steering boxes are apparently quite expensive. Try a search on "340 steering" or something similar.

Parts are available - I had to replace the front axle on mine because the adjustable legs were out at the max position and permanently frozen. I bought a replacement mailorder from JPTractor.com (they"re in Missouri, I believe). You might check with them first about the price and availability of steering components. I can tell you that the steering ball joints are $60 and $120 each for the front and rear joints on the link rods, respectively. If you want to replace sheet metal, the side trim pieces run about $30-40 per piece as I recall.

So is $1500 a good price? It might be. But it really depends upon what you"ve got to do, to get it to what you want it to be. It"s good to know ahead of time what you"re up against, because my experience is that it will be at least twice what you estimate.

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