Use a Tractor Bill of Sale to indicate property transfer and proof of ownership.
Updated September 10, 2024
Written by Sara Hostelley | Reviewed by Brooke Davis
A tractor bill of sale is a critical legal document that confirms the transfer of ownership of a tractor from the seller to the buyer. It provides proof of purchase and details the specifics of the transaction. This document ensures both parties have a record of the agreement, including the tractor’s details, sale conditions, and the identities of the transacting parties.
Attend to any necessary mechanical and cosmetic repairs to ensure your tractor operates and looks excellent. If a buyer has to do little or nothing to get the tractor in tip-top condition, the tractor has a far better chance of selling quickly at an acceptable price.
Review the title for your tractor and prepare it for transfer to a buyer. Find your owner’s manual, spec sheet, warranty documentation, other relevant resources, and necessary paperwork the new owner will need.
You must also access your tractor VIN to complete any sales transaction.
Depending on the model, tractor VINs can be found on the vehicle’s frame, engine block, dashboard, or doorjamb.
If you’re like most tractor owners, your vehicle is powering multiple tools in the field or on the factory floor.
If you want to attract more potential buyers and entice the most interested to commit to a purchase, include compatible equipment and attachments in the sale.
Because selling heavy equipment such as tractors is a niche market, you may have to wait several months before finding a viable buyer.
However, you can increase your market outreach by promoting your tractor on popular internet sales platforms such as TractorHouse.com and MachineryTrader.com. eBay is also a popular website for tractor sales.
Because not all prospective buyers are online, you may also want to advertise your tractor in the local paper or on local swap sheets.
Post a fair asking price for your tractor to attract serious buyers. While the buyer may try to negotiate a lower price, you will be prepared to make a confident decision if you know the market value of your machine through accurate appraisal and/or market research.
In addition to its brand reputation and original purchase price, the most significant factors impacting the asking price for your tractor are the structural and operational condition of your vehicle and the level of depreciation.
The long-trusted automotive valuation organization Kelly Blue Books does not cover pricing for tractors or other forms of heavy equipment.
Still, several online platforms (for example, FreeLinks) apply the Kelly Blue Books valuation model to tractors.
After arriving at a final sale price with a reliable buyer, you will need to detail the specific terms of your purchase agreement in a bill of sale.
After completing it and ensuring the stipulated payment has been made, the buyer and seller will officially sign the bill of sale to transfer ownership.