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Used Tractor Prices: Determining The Right Used Tractor Prices For eBay Auctions

When determining the used tractor prices for your eBay auction, the best thing you can do is to check them with the Tractor Blue Book. Yes, there is a book that gives you the average prices of used tractors, depending on the model and the year of production, just like in case of cars. Whatever you might think about it, the used tractor prices are generally set and there is little chance they go beyond the level set by the Blue Book.

However, the book gives just as much as it takes away. While it minimizes the chances of of the wildly profitable impulse buy from an eager purchaser, it gives you something to count on while determining the two important values you have to set.

A tractor's Buy It Now price

The first is your Buy-It-Now price. As a rule of thumb, it should be a few hundred dollars less

than the Blue Book's used tractor prices for the same model. Make it too low and no one will bid as high as they might have. Make it higher and most likely no one will bid on your tractor.

Reserve price:

Another important value is the reserve price. While oftentimes the reserve is ignored by eBay sellers, it is extremely important to remember about it in case of such problems as not enough interest paid to the auction. As you are bound to sell the item to the highest bidder, you risk selling tractors out half their price only because there haven't received enough interest. The reserve should be set right above the level of your expenses - usually at 50-60% of the Blue Books' used tractor prices. If the reserve is higher, it might frighten off your bidders and/or drive down your used tractor prices. Certainly no seller wants that!

 

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