Valuation Details
Make & Model
Fendt 718
Year
2023
Hours
7,000
Search Date
20 Jan 2026
Total Listings Analysed
4
Fair Market Value
£89,950
Purchase Price
N/A
Professional Agricultural Machinery Valuation Report
Asset Identification
| Parameter | Detail |
|---|---|
| Make | Fendt |
| Model | 718 |
| Year of Manufacture | 2023 |
| Operating Hours | 7,000 hours |
| Asset Type | High-Horsepower Agricultural Tractor |
| Valuation Date | January 20, 2026 |
1. Executive Summary
This valuation report assesses the market value of a 2023 Fendt 718 tractor with 7,000 operating hours. The high hours for a relatively new tractor significantly impact its market value.
The current market data shows 4 comparable listings with prices ranging from £96,000 to £168,500. The most relevant comparables are the 2023 Fendt 718 Vario with 2,900 hours at £118,500 and the 2022 Fendt 718 Vario with 4,750 hours at £96,000.
The subject tractor has substantially higher hours than both comparables. In the used tractor market, hours are a major value driver: a tractor with 7,000 hours will typically be valued notably lower than one with 2,900 or 4,750 hours.
Based on the comparative analysis, the recommended valuation for this specific tractor is £89,950. This price reflects the higher hours while positioning the tractor competitively below the 2022/4,750hr example.
2. Market Trends and Observations
High-Hour Market Dynamics
The market for high-hour tractors is more price-sensitive. Buyers expect significant discounts for additional hours, especially when comparing to lower-hour examples of the same model.
Comparable Analysis
- The 2024 model at £168,500 with only 519 hours is a clear outlier and should not be used as a benchmark.
- The 2022 model at £96,000 with 4,750 hours is the closest relevant comparable, but still has 2,250 fewer hours.
- The 2023 model at £118,500 with 2,900 hours commands a strong premium due to much lower hours.
3. Pricing Recommendation with Justification
| Metric | Value |
|---|---|
| Average Price (Comparable Set) | £127,666 |
| Highest Price | £168,500 |
| Lowest Price | £96,000 |
| Recommended Selling Price | £89,950 |
| Maximum Purchase Price | £70,960 |
Justification
- Hours Adjustment: The additional 2,250+ hours over the closest comparable requires a discount below £96,000.
- Market Sensitivity: High-hour tractors require competitive pricing to attract buyers.
- Condition Premium: If in excellent condition, the tractor could achieve the higher end of the range.
4. Key Factors Affecting Value
| Factor | Impact on Value | Notes |
|---|---|---|
| Operating Hours (7,000) | Significant Negative | High hours for age significantly reduce value |
| Year of Manufacture (2023) | Positive | Newer year partially offsets high hours |
| Service History | Critical | Documented maintenance essential for high-hour machines |
| Condition | High Impact | Well-presented tractors command premiums |