Used harvester vs new harvester: Which offers better value?

In farming, harvesting is among one of the most time-sensitive tasks. A good harvesting machine will reduce losses, save labour and make the farm more productive. Many farmers, however, ask the question of whether they should purchase a used harvester or invest in a new machine. This will depend on the cost, the size of the farm, how much you use it, and the maintenance required. Farmers should be familiar with both options and associated benefits and drawbacks to achieve a cost-effective choice.

What Is a Used Harvester?

Used harvester is a machine that has already been used by another farmer, business entity or contractor. Moreover, these harvesters are available at significantly lower prices than the newer models, making them an affordable option for farmers looking for a budget-friendly solution. After a used harvester is purchased, it may be in use for several years depending on what factors the machine was exposed to, such as maintenance history and condition.

What Is a New Harvester?

The new model is the latest machine featuring the latest technology, seal of the land and harvesting capabilities offering better fuel efficiency. New harvesters are normally equipped with manufacturer warranties and will need less maintenance for the first few years of use. They are recommended for farmers that will employ the machine extensively and require reliable performance.

What Are the Advantages & Disadvantages of Buying a Used Harvester?

Advantages:

• A used harvester also isn't a brand new machine, which makes it affordable enough for the farmer who is on a budget.
• It is likely that much of this cost is associated to the initial owner, thus increasing its value over time.
• Great for small or medium farm where there is no need for lots of daily use.
• Farmer benefits from smaller initial investment that could increase ROI and speed up return of funds.
• In many situations, if a farmer has a choice of two sizes of new machines, he can get the larger and still have some money left over for the smaller machine.

Disadvantages:

• Older equipment may require more repairs and maintenance which can add up over time.
• Many of the harvesters that have gone on sale offer little to no warranty coverage.
• Even with proper machine inspection, hidden mechanical problems can result in unforeseen cost.
• Older equipment may not be as efficient as newer equipment and may consume more fuel.
• Other older models may have difficulties finding parts in some locations.

What Are the Advantages & Disadvantages of Buying a New Harvester?

Advantages:

• New harvesters bring the most up to date in technology, fuel efficiency and improved performance.
• They also come with a manufacturer's guarantee and are less prone to breakdown and maintenance issues in the first few years of service.
• Fast harvest, less downtime ensures farmer gets their jobs done on time.
• Operating the vehicle is also easier with new safety and comfort features.

Disadvantages:

• A large initial capital expenditure is required for new harvesters.
• Their resale value declines more rapidly over the first couple of years.
• Insurance, financing, registration fees could be higher.
• Small farmers may find it impractical due to insufficient usage of the machine.

Factors to Consider Before Choosing

Before farmers should invest in a harvester, they need to take into account their operational needs and financial constraints

• Budget:- Ensure the investment is within your budget and financial goals
• Larger farms:- Larger farms can take advantage of the efficiency and reliability of a new harvester.
• Annual Usage:- When harvesting frequently, it is worth buying a new machine to that expense.
• When viewing a used harvester, Always enquire about the Maintenance History and check the machine over thoroughly.
• Spare Parts:- Annual Review of parts and service support within your region
• Fuel Efficiency – review fuel costs, especially if the machine is to be used often.

Consider the future worth of the harvester (Resale Value).

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