[trhinehart35]

I’m thinking about purchasing a new 5R or 6M tractor but I can’t seem to find any info on financing. I was just curious if anyone has recently bought one of these tractors and went with Deere financing and what kind of terms they were given. I have a 2038R now financed through Deere.


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[workinonit]

I just bought a 5090. I financed 20 grand just to get insurance and extended warranty. I don't recall for sure but I think it was 0%.

 

[AKfish]

I’m thinking about purchasing a new 5R or 6M tractor but I can’t seem to find any info on financing. I was just curious if anyone has recently bought one of these tractors and went with Deere financing and what kind of terms they were given. I have a 2038R now financed through Deere.


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I don't know what work you've got planned for your 5R or 6M. So, it's a stretch to say what you should be buying. However, I've had (still have one) a couple of 5M's. The 5075 had a 87-88in wheelbase and the 5115 has a 90-91in wheelbase. They both ride rough. Short wheelbase. The 115 is better than the 75. IMO - for pretty similar cost, the 6110M and the 6120M would be what I'd be looking at versus the 5R. Deere made an effort to design the 6110-6120M with a 94.5in wheelbase and sloping hood for a pretty good loader machine. LED package, air seat, nearly all the bells and whistles that the R has. This model 6M is an updated version of the older, 6430 Premium tractor.
The 5R is an 88in machine. Deere is offering that tractor with the optional ILS front axle. I don't think I'd buy a 5R without that Independent, Link System front axle. (I get grouchy when I do a face-plant into the front windshield...)
Once you start adding the optional stuff to the 5R - the 6M starts looking better and better - IMO.

Best of luck,
AKfish

 

[workinonit]

I was just at the dealer picking up my trailer and asked. They have 0% and some other incentives. Not as good as last year when I bought but still attractive. I think it's on all models.

 

[AKfish]

Maybe a side tract from the OP, but maybe not... If so, my apologies. Anyway, looking through some of the latest posts and saw the one from cc1999 that the 5125R he was trying make a deal on, sold for $109K! Nearly swallowed my tongue!
That’s nuts, Over $100K for a 5 series machine... I have a real hard time figuring how that size tractor pays for itself in a farming/work operation?
Maybe someone on here can “enlighten” me.

 

[workinonit]

I would never pay that for a 5 series. You can buy a 6115R for just over $100K around here. Twice the tractor. The good farmers that make money don't buy those kinds of tractors. My best friend farms my place and he owns nothing that is Tier 4 or DPF. He has won the national young farmers award and runs a great operation. Farming these days is not just planting, harvesting and selling. We have a little side deal going where we spray 20,000 or so acres for other farmers with his highboy. That alone is around $150K a year. He hauls grain and other materials as well with his 2 18 wheel rigs. You just have to be diversified these days to make money and being smart about equipment doesn't hurt.

 

[AKfish]

Well, you pretty much confirmed my thoughts.... That's a ridiculous price for that size tractor! Of course, that is why I replied (more or less) to the OP that if he has a real farming operation, the 6M would be a more financially sensible purchase.
Along this train of thought, I'm starting to wonder how many "real" farmers are buying new tractors, etc. or just signing lease agreements? When you spend some time looking through the used equipment sites; Tractorhouse, MachineFinder, Fastline, etc. there's a whole lotta low-hour lease machines.
With the crazy prices the manufacturer's are asking - it just seems like they're trying to force buyers into a lease. Doesn't make any OTHER sense to me - certainly not a good idea to invest $100,000plus for a tractor that will only work a 12' heavy disc, or a 10' MoCo and small round baler. You ain't gonna be burnin' up big acre's with that tractor!
Yes, I've got relatives back in the Dakota's that have their fingers in related ventures as well. Gotta keep on the move to make enough that keep's the banker off the front step!

AKfish

 

[ddinham]

Maybe a side tract from the OP, but maybe not... If so, my apologies. Anyway, looking through some of the latest posts and saw the one from cc1999 that the 5125R he was trying make a deal on, sold for $109K! Nearly swallowed my tongue!
That’s nuts, Over $100K for a 5 series machine... I have a real hard time figuring how that size tractor pays for itself in a farming/work operation?
Maybe someone on here can “enlighten” me.

Probably no wilder than the $60K plus for a 4066Rcab and loader.

Dave

 

[workinonit]

Well, you pretty much confirmed my thoughts.... That's a ridiculous price for that size tractor! Of course, that is why I replied (more or less) to the OP that if he has a real farming operation, the 6M would be a more financially sensible purchase.
Along this train of thought, I'm starting to wonder how many "real" farmers are buying new tractors, etc. or just signing lease agreements? When you spend some time looking through the used equipment sites; Tractorhouse, MachineFinder, Fastline, etc. there's a whole lotta low-hour lease machines.
With the crazy prices the manufacturer's are asking - it just seems like they're trying to force buyers into a lease. Doesn't make any OTHER sense to me - certainly not a good idea to invest $100,000plus for a tractor that will only work a 12' heavy disc, or a 10' MoCo and small round baler. You ain't gonna be burnin' up big acre's with that tractor!
Yes, I've got relatives back in the Dakota's that have their fingers in related ventures as well. Gotta keep on the move to make enough that keep's the banker off the front step!

AKfish

There are lots of other operations that a series 5 tractor is really good for. I guess it depends on what area of the country you are in but around here the 5s are used to run hydraslide cutters, boom cutters, bush hogs, trenchers, pull grain trailers, tons of things. Farmers here can't be without smaller tractors, they can do things the larger ones can't. Most farmers don't even have discs that fit behind their 5s, they have the larger tractors that are pulling 30 and 40 foot discs.

 

[AKfish]

There are lots of other operations that a series 5 tractor is really good for. I guess it depends on what area of the country you are in but around here the 5s are used to run hydraslide cutters, boom cutters, bush hogs, trenchers, pull grain trailers, tons of things. Farmers here can't be without smaller tractors, they can do things the larger ones can't. Most farmers don't even have discs that fit behind their 5s, they have the larger tractors that are pulling 30 and 40 foot discs.

Yup, that’s the kind of work for a Utility tractor. Pretty much the same whether it’s the Dakotas or Georgia. (Even got red dirt in both States!)
That said, you’re looking at low six figures to mow ditches and run a grain auger. That’s a crazy price for the return on your investment. I.e. - the amount of work the tractor will perform that generates money or saves you money in your business or farm.
Does it make any sense that a 5R should be $30-40K more than a 5M? Or $50K more than a 5E? And basically the same price as a 6 series?
Current market response by farmers to new equipment prices - they’re bidding up older, used tractors at auctions! Pushing the price of used equipment upwards. It’s not just DPF and DEF, etc.
So, it might make better sense to rent short-term, and write that off. And just forget about buying outright.
Or buy a good used tractor.

 

[workinonit]

Have you priced a new Chevy or Ford truck lately? 4 wd, diesel, all the whistles and bells? Are tractors expensive? Yes. Comparatively expensive? I don't really think so. Everything is just expensive now.

 

[AKfish]

Have you priced a new Chevy or Ford truck lately? 4 wd, diesel, all the whistles and bells? Are tractors expensive? Yes. Comparatively expensive? I don't really think so. Everything is just expensive now.

Yes, everything has gotten pretty expensive. I bought a Chevy 3500HD Duramax, leather, Bose, snowplow package, in 2016 - just over $62k.
No idea what the ‘21’s cost. Math x rate of inflation = $$ Say, 3.5% @ 5 yrs. So, $72,850.
Gettin’ close?
Besides the fact that prices overall have reached high altitudes, the point I was trying to make was that the 5R price was simply skewed beyond reason. As you said, the 6 series is in the same price range and it’s “twice the tractor”.
The consumer is the final judge...

 

[workinonit]

The 6 series is not twice the tractor. The two tractors have their niches. I think my tractor was in the mid 50s, $55K. an M was maybe $5K more and an R was about $10K more. Personally I thin k the R is well worth the extra money if you are working a tractor hard because everything is beefed up size wise. It has bigger hydraulic pumps and better components. I think my buddy pays just north of $100K for the 6 series R tractors he buys. I don't know, you compare a tractor to a $70K truck and the tractors seem reasonable.

 

[AKfish]

This is kinda gettin’ to be a “dead horse” discussion. But, I was really flabbergasted by your math...
You paid $55K for your 2020 model 5090E. That 2019 model 50125R was $109K. How much difference is that?? I think I said $50K. I was wrong.. seems to be $51K.
Now, I’ve been spending way too much time on those tractor sites, lately. But, an hour or two on there will help anyone to realize that JD has got the pricing for the 5R out of line with the economics of the other models of the 5 series.

 

[workinonit]

Did it have a loader. That is just the tractor itself. Nothing added. By the time I added 3rd SCV, 3rd function up front, MSL 540 loader w/grapple, right door and a few other things it was close to $75K.

 

[cc1999]

This is kinda gettin’ to be a “dead horse” discussion. But, I was really flabbergasted by your math...
You paid $55K for your 2020 model 5090E. That 2019 model 50125R was $109K. How much difference is that?? I think I said $50K. I was wrong.. seems to be $51K.
Now, I’ve been spending way too much time on those tractor sites, lately. But, an hour or two on there will help anyone to realize that JD has got the pricing for the 5R out of line with the economics of the other models of the 5 series.

My understanding is the 5Rs have a totally different frame and barrows several things from the bigger 6 series.
I believe it has a shorter wheelbase for tighter turning radius do to the frame and how the oil pan is integrated into it. Something like that.
Not that I don't agree with you on how they are all seeming to be over priced for what they are.
The R's from what I have seen do take a bigger hit on the used side as well.
Meaning I have seen some really crazy low hour 5Rs 50-200 hours for prices maybe even a little under a new 5M, for what is still essentially a new 5R.

 

[AKfish]

I haven’t seen those cheaper 5R’s. Looked at Tractohouse.com a couple weeks ago and there were some rental 2020 and really low hr. 2021’s that were all well over $100,000. Without loaders, etc.
Yes, the shorter wheelbase is being sold as an advantage. Could very well be for veg and poultry farmer, etc. No dispute there. Not so great mowing hay @ 6 mph, though. Rough ride.
Real diff from M is trans, hyd system and engine. So, for another 6 gpm hyd and 3 more power shift speeds and 10-15hp it’s gonna cost $30-40,000?
Nah, money better spent on a 6 series... longer wheelbase, rack and pinion axle (adjust for row-crop) 2-3000lb heavier for disc narrow, plowing, etc.
The 5R doesn’t punch above it’s weight class! It‘s a utility tractor priced like it was an entry level row crop tractor. For the same money, the 6 class machine will do row-crop work AND utility work!
Small farmer (like me) with the possibility to expand, would be hard pressed to invest in a 5R.
Nuff said...

 

[cc1999]

Here is all the $100K or less 5125Rs with under 250 hours currently seen on machine finder.

Used John Deere 5125R Utility Tractors For Sale | MachineFinder

Shop used John Deere 5125R Utility Tractors for sale at John Deere dealerships all in one place. Find the right equipment with John Deere’s MachineFinder.com.

www.machinefinder.com

This one looked like a good deal. 5125R only 70 hours on it with loader.
$94,500

Used Utility Tractors For Sale | 3498 listings | MachineFinder

Explore MachineFinder to view an inventory of utility tractors for sale from John Deere dealers. Find the right tractor for your needs.

www.machinefinder.com

 

[AKfish]

Here is all the $100K or less 5125Rs with under 250 hours currently seen on machine finder.

Used John Deere 5125R Utility Tractors For Sale | MachineFinder

Shop used John Deere 5125R Utility Tractors for sale at John Deere dealerships all in one place. Find the right equipment with John Deere’s MachineFinder.com.

www.machinefinder.com

This one looked like a good deal. 5125R only 70 hours on it with loader.
$94,500

Used Utility Tractors For Sale | 3498 listings | MachineFinder

Explore MachineFinder to view an inventory of utility tractors for sale from John Deere dealers. Find the right tractor for your needs.

www.machinefinder.com

Yeah, the 70hr machine looks pretty good.. until you get to end of the listing and it says “Loader not included in price”!!
So, add another $12K. (You’re helping to make my case... keep running with it!)
We all have ideas about what we want in a tractor and how we plan to use it. All depends on a slew of personal differences as varied as where you live and what you do! And those choices can serve to educate others about things they may not have considered. So, it can be an educational and beneficial exchange i.e. Greentractortalk!
For example, I briefly looked at the 70hr listing - like 60 seconds - and right away I thought, no front fenders, no front weight bracket, non-MSL loader, no rear weights, no hyd oil drip reservoir on rear SCV’s. (I’m also sure I could find even more things I’d change with more review!) My point is, those details are things I would spend money on to add to the tractor. You might not care about some of those things - that’s OK.
My thoughts about the 5R are really simple...it’s way overpriced for what it would do for me on my farm. And, dollar for dollar - it’s not a competitive tractor when compared to a 6M or a 6R.

AKfish

 

[cc1999]

I was just responding with some cheaper 5125Rs I had seen out there.
Good catch on the loader shown but not included. I would guess the loader being shown on it is also likely lightly used and would have guessed more or 5-8K add for it, still putting it right at 100K . A machine like this used rates I was quoted was a little over 2% on 72mo.

AK, Not stating that the 6R or 5R is a better deal for the OP or not.

A like new used 5R for around a 100k is not all that bad of deal, since a brand new 5125M with some decent options will come in around the same money.
I would 100% agree, I too would go with a 6 series as well if I was buying it with small farm row crop applications in mind.