It is official. The new instant asset write off (IAWO) threshold of $150,000 recently announced as part of the Federal Government’s economic rescue packages is the highest it’s ever been, so there has never been a better time to add to your fleet or upgrade.
To be eligible, the business turnover has to be less than $500 million. Businesses also only have till June 30, 2020 to take advantage of that measure, as from July 1, 2020, the IAWO will revert back to $1000 for small businesses with turnover of less than $10 million.
In addition, the $150,000 is PER ASSET which means you can claim the full amount of all purchases you make primarily for your business, provided they cost less than $150,000 each.
Here are our picks:
Price: $97,950 (excluding government charges)
Location: NSW
Key features: 131hp, GPS ready, CVT transmission, ISOBUS ready, multi-speed PTO, fully enclosed ROPS air conditioned cabin
While it doesn’t sport the cool ‘midnight blue’ exterior as its 2020 counterpart, this 2018 model is near new, having clocked up only 384 hours.
New Holland is part of the CNH Industrial group and uses tried and tested components such as a Fiat power train engine and a user-friendly Auto command continuously variable transmission. Priced at just under $100,000, this 2018 New Holland T6 rig comfortably allows you to claim it in its entirety.
Price: $121,000 (excluding government charges)
Location: Victoria
Key features: 360hp, Vario stepless automatic transmission, front linkage, 710/42 and 600/34 tyre package, air and hydraulic brakes, four electric rear remotes
Fendt has long been known in the agricultural industry as the ‘Rolls Royce’ of tractors and its products have excellent value retention in the market. The Vario 900 series, in particular, has been a tried and tested workhorse in the high horsepower segment well known for its reliability and technological advancements ahead of its time.
Hence, it is no secret that pricing for Fendt tractors has always been on the steeper side. But this new instant asset write off threshold has finally opened the doors for farmers to own a Fendt.
RELATED REVIEW: Fendt 927 Vario tractor spotlight
Price: $113,300 (excluding government charges)
Location: NSW
Key features: 130hp, Dyna-6 semi-powershift transmission with super creep gears, 3-speed PTO, 100 l/min open centre hydraulics, 4 x remotes
This unit is brand new and ready for work. It’s part of Massey Ferguson’s latest ‘S effect’ tractors released in 2019 that features better styling, improved safety, a new screen in the cab and some other new comfort features.
“These tractors represent everything that’s best in super-comfort, safety, straightforward engineering, stylish looks and solid service back-up – all in support of smart, sustainable farming,” said Massey Ferguson product manager, John Horan.
RELATED READ: Massey Ferguson adds the S effect to high-spec tractors
Price: $23,650 (excluding government charges)
Location: NSW
Key features: 4-in-1 loader, 25hp, 54-inch auto connect mower deck, hydrostatic drive, cruise control.
While this tractor is priced way under $150,000, it is one of the most popular models with our readers. It has been one of our highest read reviews and has proven to be one of the most popular tractors among John Deere customers.
Featuring an output of 25hp, it is a small but powerful tractor, great as a secondary tractor on a farm operation or the perfect workhorse for a rural property to carry out maintenance tasks such as mowing and loading.
READ REVIEW: John Deere 1025R compact tractor review
Price: $107,690 (drive away)
Location: NSW
Key features: 16x16 speed transmission, 110hp, FL100 C loader with 3rd service
This new generation Arion 400 rigs by German manufacturer CLAAS has been “redesigned from the wheels up”. While it sits in the medium horsepower category, it has features normally only found in higher horsepower tractors such as optional front suspension, front linkages, automatic differential locking, automatic four-wheel drive, headland management systems and dynamic steering, CLAAS said.
This unit as advertised is brand new, ready to go straight to work, and sits comfortably under the $150,000 threshold.
WATCH: CLAAS debuts feature laden ARION 400 series at Elmore 2017
Price: $148,500 (drive away)
Location: QLD
Key features: 360hp, crawler tracks, 258.5l/min hydraulics, ROPS cab with air conditioning
A John Deere tractor with a 360hp output and crawler tracks that can be snagged at under $150,000 is a rare find, but here’s one we found for your consideration. Crawler tracks allow the tractor to traverse all sorts of terrain comfortably and enable a pleasant operating experience for the driver.
The 360hp allows plenty of pulling power to cover all sorts of heavy duty applications such as sowing and ploughing.
Price: $123,200 (excluding government charges)
Location: VIC
Key features: 6973mm lift height, 3500kg capacity at max height, Perkins 1104D engine, hydrostatic transmission
Bobcat claims its TL38.70HF to be best in class when it comes to boom cycle times, clocking around one second faster than other comparative models.
That statement was verified by one of our reviewers, Kim Woods, who headed out to witness one in action. Telehandlers are incredibly versatile units that can be used across a wide range of sectors including farms, construction, infrastructure and more. Its superior lift height and ability to be used with a variety of attachments makes it an ideal workhorse for tasks like stacking hay or loading feed wagons.
This unit is brand new, priced under $150,000 and is certainly worth a squiz.
READ REVIEW: Bobcat TL38.70HF telescopic handler spotlight
Price: $73,743 (excluding government charges)
Location: VIC
Key features: 40hp, 23km/h top speed, 1600kg tipping load, tree loader package with Digga 4-in-1 bucket, log grab and stump grinder attachments
Farmmachinerysales.com.au took a good look at the versatile and nimble Italian-made MultiOne 8.4s loader and thinks it can be likened to a Thermomix in the kitchen. With its ability to be used with a wide range of attachments, it can be any tool you want it to be – a loader, telehandler, mower, excavator, forklift and more.
This unit advertised for sale by a dealer in Victoria is brand new and costs less than $80,000.
READ REVIEW: MultiOne 8.4S mini loader review
Price: $145,000 (excluding government charges)
Location: WA
Key features: Max 328hp, 19 x 4 full powershift, FPT 8.7-litre Tier-2 engine, 540/1000 PTO, 223l/min hydraulic flow, 4 rear remotes, auto steer ready
Case IH’s Magnum series high horsepower tractors have gained a solid reputation among the farming community as a sturdy, reliable rig. More importantly, they are simple to operate and offer a very comfortable drive for operators.
This Magnum 290 for sale is able to provide a maximum 328hp for the most demanding of applications.
It has done 5040 hours but is still in a great condition and ready to be put back to work on the farm.
RELATED REVIEW: Case IH Magnum Rowtrac tractor review
Price: $145,739 (excluding government charges)
Location: VIC
Key features: 163hp, Deutz TCD2012 2V Tier 3 Diesel Engine, 6 speed powershift transmission with 5 ranges, 4-speed PTO, PowerVision air conditioned cab
The new generation Deutz-Fahr Agrotron 6G Powervision tractor, while designed and manufactured in Germany, has been produced based on feedback provided by Aussie farmers and operators.
One of its key feature is the Tier-3 Deutz Common Rail engine which uses no Adblue or DPF filters and is therefore simple to maintain.
This is your chance to grab a brand new European made tractor for an attractive price.
RELATED READ: Deutz-Fahr announces Agrotron 6G Powervision series