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Used Tractor Warranty Companies
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Daryl H
Posted 4/7/2014 07:43 (#3801968)
Subject: Used Tractor Warranty Companies


Fingerlakes, NY		Is there anything like a warranty company that sells warranties for used tractors. I know there are some for vehicles, but I haven't been able to find one for tractors. TIA
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Jay NE Ohio
Posted 4/7/2014 08:02 (#3801994 - in reply to #3801968)
Subject: RE: Used Tractor Warranty Companies



northeastern Ohio		I doubt any company would take the risk. If they did, there would be too many exclusions and most claims would be denied.

I think most of the major manufacturers offer up to 5 year extended warranties.
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young buck1
Posted 4/7/2014 08:07 (#3802003 - in reply to #3801994)
Subject: RE: Used Tractor Warranty Companies


Sibley county Minesota		If you use Cenex oil they offer a warranty if you buy a used tractor it has to pass oil samples and you can get for 8 years on a used tractor and the 8 years start from the new build date and I think 10 years if you buy a new tractor. I have not done this but my neighbor has just started doing this about a year ago and the dealer he bought the tractor from said they have had good luck working with Cenex.
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TD15
Posted 4/7/2014 08:06 (#3802002 - in reply to #3801968)
Subject: RE: Used Tractor Warranty Companies


Why would you want one ?
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PeteMN
Posted 4/7/2014 11:14 (#3802281 - in reply to #3802002)
Subject: RE: Used Tractor Warranty Companies


E.Central MN		If my equipment was newer, I'd seriously look at the Cenex warranty program. I think all you have to do is use Cenex fuel and oils and get oil, hyd, and coolant samples once a year which many guys do already. The cost was something like a one time fee of $300-400/ machine and they give $200 in coupons back. According to them you don't have to prove what caused the engine damage, etc. I've never used the program, but it looks like a very cheap way to cover expensive equipment repairs.
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mennoboy
Posted 4/7/2014 11:18 (#3802285 - in reply to #3802002)
Subject: RE: Used Tractor Warranty Companies


Rivers, MB
TD15 - 4/7/2014 07:06

Why would you want one ?


I'd agree. The company offering the warranty is doing it to make money. So the warranty cost over all the machines they "insure" is going to be more than the repairs they cover.

So unless you end up with a lemon, which could happen, your warranty costs over the years will be more than the repair costs.

You're basically buying insurance. Unless one bad motor or transmission will sink you financially, don't think insurance on machinery repairs is a good return on investment.

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redoak
Posted 4/7/2014 11:45 (#3802306 - in reply to #3802285)
Subject: RE: Used Tractor Warranty Companies


deep SW On.		And to take opposite position do you buy fire ins.? Ins. programs are to reduce risk exposure,not make money
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mennoboy
Posted 4/7/2014 13:23 (#3802423 - in reply to #3802306)
Subject: RE: Used Tractor Warranty Companies


Rivers, MB		yes, I do take fire insurance because a fire would cause a one time blow that could be a tough hole to dig out of. Although I realize that in the long run, I will in all likelihood pay more into fire insurance than I will get out. Its the size of the hit that is the distinction in this case. An engine, transmission, etc would be a pain but probably not a farm breaker. A fire could easily be.

the same goes for extended warranty on electronics. A $400 TV replacement won't be a big deal but a $300 000 fire would be a different story.

There's talk of a farm a little ways from me that in one year, wrote off a shed full of equipment due to fire and then a new combine and quadtrac due to a collision in a field. The odds of that happening are 1:almost infinity but it could happen. And if it did, that would be a deal that almost no farm could recover from, especially with next to new equipment.

Same with hail and crop insurance. I'm sure I will never get back what we pay in premiums. But one large crop disaster or hail storm without them could be a farm breaker. Especially as a younger farmer. maybe when I'm 70 and have everything paid for, I'll feel differently.

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Tyler Boone
Posted 4/7/2014 20:01 (#3802989 - in reply to #3802285)
Subject: RE: Used Tractor Warranty Companies


Cenex has been brought up on this thread already, but I want to further comment on their reason to offer a warranty. They offer their warranty to sell more oil, not to make money. Anyone can say they make the best oil, but no one else I have found backs it up with a no-fault no-deductible warranty. At the end of the year, they pay out much more than the $99 or $199 (after rebates) per machine. If you do run newer equipment, you have to buy oil from somewhere, you might as well buy Cenex and take advantage of their warranty.
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bowtieighth
Posted 4/7/2014 12:28 (#3802360 - in reply to #3801968)
Subject: RE: Used Tractor Warranty Companies


Bethany, MO

I met these guys through a short line that we dealt with.  I never worked with them, but our service manager talked with them about some things and was pretty impressed with their offerings.

http://agguard.com/

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Dakota Farm
Posted 4/7/2014 13:02 (#3802398 - in reply to #3801968)
Subject: RE: Used Tractor Warranty Companies


Kissimmee, FL		There is a company that does. I will try and remember the name. I have a connection at Fastline that may remember.
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Greasemonkey
Posted 4/7/2014 19:49 (#3802962 - in reply to #3801968)
Subject: RE: Used Tractor Warranty Companies



SE SD		Cenex offers a warranty but your machine has to be under two years old and under 2000 hours. We use the Cenex warranty on our newer stuff. Had to use it one year as we had a bad motor in our 9230 JD. Cost was 30,000 to replace engine, Cenex picked up 25,000 of it. I think it is 400 for a used unit and it is 8 years from date of manufacturing, which to us is very cheap insurance.
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Machinery Scope
Posted 4/10/2015 09:53 (#4508375 - in reply to #3801968)
Subject: RE: Used Tractor Warranty Companies


Machinery Scope does this exactly! We have options to extend warranty on equipment up to ten years old and 5,000 hours. Tractors, combines, skid steers, and more.


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