Case IH and New Holland are the latest ag equipment brands to come out with Certified Pre-Owned programs that offer farmers additional warranty and financing options on used tractors and combines.
“This program will offer used equipment customers the reliability, warranty, special financing offers and peace of mind typically found only with new equipment purchases,” said Eric Weaver, Senior Director of Marketing with Case IH, in a news release.
For Case IH, the new program includes additional warranty on units that have met CPO qualification requirements. Units marketed through the program will also undergo a 100-plus point inspection, fluid analysis (engines, hydraulic/transmission and coolants) and receive genuine Case IH parts wherever any replacement is necessary.
New Holland’s program is similar to its CNH sister brand’s.
“For many producers, purchasing New Holland Certified Pre-Owned equipment is a smart investment because it allows them to buy late-model, used New Holland equipment with the assurance that it’s been thoroughly inspected and serviced,” said Mark Hooper, New Holland’s North American Director of Marketing, in a separate news release. “For even more peace of mind, we’re backing the Certified Pre-Owned units with an extended powertrain warranty with no deductible on all major engine and drivetrain components.”
That powertrain program for New Holland includes protection for 12 months/2,500 total engine hours (whichever comes first) for T8 and T9 Series tractors, and 12 months/2,000 total engine hours (whichever comes first) for CR and CX Series combines. The plan covers the engine, final drive lines, driveline (tractors), transmission, rotor drive, hydrostatic pump and motor (combines), engine-mounted PTO, header drive components and gear boxes (combines).
Case IH is also offering powertrain coverage of 12 months/2,500 total engine hours, whichever occurs first for Steiger and Magnum tractors and 12 months/2,000 total engine hours, whichever occurs first for Axial Flow combines, covered by Case IH.
Case IH expects its dealer network will offer the first CPO-qualified units for sale, with financing from CNH Industrial Capital, in March 2015.
AGCO recently launched its own Certified Pre-Owned program, including a website where producers can search for used equipment. John Deere rolled out its version of a pre-owned equipment program for eligible tractors and combines last summer. Deere added sprayers (that meet specific criteria) to its CPO program last month.