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IH 856 markup

T

thats crazy

New User
The IH 856 Wilke has advertised in the photo ads for 10,500 they bought just yesterday on Aummans tractor sale at Taylorville,IL for 6800. I can understand wanting to turn a profit but a $3700 markup in a tractor they know nothing about seems a little steep. Maybe I'm outline hear but it just seems like alot of mark up.
 
Sounds about right to me. How far did they have to truck it? They may have to sit on it a while and then take offer of $9000 so they wonn't exactly become millionaires on that deal.
 
A lot easier to lower a price than raise it. There's no sense in selling at cost. The general rule is to sell at what the market will bear. He's selling at less than the standard 100% mark up.
Went and looked at a truck today I found on Craigslist. I thought from the picture it looked familiar. Turned out to be a truck I walked away from back in June at $800. It was washed and the trash cleaned out of the cab. Asking price is $1,700. Not bad for a morning of cleaning. Doubt he'll get that for it though.
 
None of anyone's business what the person paid for it as long as they are advertising/selling honest. If he inherited it and didn't pay a dime, I guess you'd want him to just give it to whoever wanted it......

Dave
 
Hey Dave,A reasonable markup is fine and dandy as long as the truth of product is stated. I can see where a item is bought and re sold at a profit as long as it's TRUTHFULLY STATED as to the CONDITION of the product, wheather its a car, tractor, lighting fictures farn seed or what ever.Re-selling junk really gets the new owners irate, and with good cause,when it's advertises as great, excellant, in great shape, and all the other descriptions that are UN-TRUE ,when the seller KNOWS the problems that will ocure when the suckers get it home. The U.S. is suffering from un-just mark up of junk flooding here from all over, so one can see why the poster is concerned. Just my humble opinion
with no regrets. LOU
 
Gotta go with P.T Barnum"A sucker is born every minute." Whats reasonable to one person is un-reasonable to another.If I don't like the price, I LEAVE.When you ask a person about the condition of his/her item for sale, Do you TRULY BELIEVE THEM? Ya want to, but in the back of your mind you become suspicious/doubting/ and with good reason if you know the condition of item for sale, before hand.And if you don't know ,it comes back to another old saying,"You puts your money down and take your chances." With new stuff comming on the market that saying holds TRUE today.
LOU
 
That's a $3700 mark up for a tractor YOU know little about. Maybe the buyer knows what it's "worth". At the very least, they know what the market will pay, top dollar, for a decent tractor. It's theirs now, and they can offer it up for sale at whatever price they so desire. It's not up to them to sell it at YOUR price.

So long as they aren't intentionally misleading anyone as to the condition, and there's NO evidence of that, it's just good business (on their part) to buy low, sell high.

Don't be naive. People are in business to make money. If you don't like the price, shop eslewhere.
 
So what? If you don't like it, don't pay it... or you could have bought it at auction for 7K..

Rod
 
Bout right. There's a couple of jockies around here that make the auction rounds. I always try to make a note of what they pay for stuff then look it up in the tractor house or Fastline the next month. Most of the time any thing they buy under $20,000 gets marked up 50%. Over $20,000 most of the time just gets about $10,000 or so.

I never move much stuff unless it's auction to auction. I can buy something for $200 and take it to a sale 40 miles away the next week and sell it for $1,200 to some one glad to get it. If I put it in the paper or on the net some one is going to think they should buy it for $150.

Dave
 
He"s free to do what he wants. I bought a Gleaner F with 3 heads for 2000. Sold one head for 3250, in a market that was higher. I knew what it was worth, since some years before I sold the identical head TO A DEALER for 5000. And he sold it to a customer, likely for more. I bought a black 636 head for 250, asked near the going price at 2500, customer figured out where I got it- he was at the auction, but didn"t buy it. Refused to buy from me. Fine, I rented it out at 5 per acre, and got more than I paid for it. Am I wrong to be a capitalist?
 
I really doubt that anyone will give the asking price for that 856. I see them for sale all the time in the $6000-9000 price range.
 
It"s called free enterprise. It"s his tractor and his money thats at risk. In my world, that makes him free to do with it as he chooses.
 
The condition of the tractor or how much he bought it for has no bearing at all. He can put as high a price as he wants on it. It's up to the buyer to inspect it and see if it's worth the price to them. Dave
 
(quoted from post at 12:55:06 11/30/09) I can buy something for $200 and take it to a sale 40 miles away the next week and sell it for $1,200 to some one glad to get it. If I put it in the paper or on the net some one is going to think they should buy it for $150.

Dave
Click to expand...
Should be ashamed of yourself :shock: Change is upon us Mister. You should be donating ALL profits to the local Salvation Army, ACORN, NAACP. or needles for junkies programs. Just ain't acceptable for you to have more than the next guy.......

For shame for shame............
 
A man's got to do something between first of the month checks. Just too much month at the end of the money!!!
 
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