The John Deere 1023E is a best-selling compact tractor worldwide. It is equipped with 21.5 horsepower, 4WD, and a compact frame, perfect for small farms, homesteads, lawn care businesses, and residential homeowners looking for an economical yet powerful tractor.
But one of the first questions buyers ask is: How much does a John Deere 1023E cost in 2025?
In this detailed John Deere 1023E price guide, we’ll cover:
The average price of new John Deere 1023E tractors.
The cost of used 1023E tractors based on year and hours.
Package deals with loaders, mowers, and backhoes.
Financing options, resale value, and what affects pricing.
Buy now? Check out our John Deere 1023E for Sale – Price & Specs
Why the John Deere 1023E is So Popular
Prior to getting into pricing, it is helpful to know why the 1023E is so popular.
Affordable entry-level tractor in John Deere’s 1 Series.
Does mowing, loader work, snow plowing, and light digging.
Easy to drive with hydrostatic transmission.
Compatible with dozens of attachments and implements.
Strong resale value compared to the competition.
For beginning tractor buyers and small farm operators, the 1023E usually strikes the perfect balance of power, price, and versatility.
New John Deere 1023E Price in 2025
A new John Deere 1023E’s price varies with the dealer, location, and package.
Model Base Price (2025) With Loader With Loader + Mower With Loader + Backhoe
John Deere 1023E (bare tractor) $8,000 – $9,500 – – –
With 120R Loader – $11,500 – $12,500 – –
With Loader + 54″/60″ Mower – – $13,000 – $15,500 –
With Loader + 260B Backhoe––– $16,500 – $18,000
Tip: Dealers have end-of-season and seasonal sales in autumn and spring when you can save $1,000–$2,000 on new models.
Need horsepower insights? See our Tractor Horsepower Guide.
Used John Deere 1023E Price
A used 1023E will cost you thousands less, but the price is variable according to:
Year of manufacture
Hours of use
Attachments included
Overall condition
Year Hours Typical Price Range (2025) Notes
2022–2024 Under 200 $7,000 – $16,500 Nearly new, may include warranty
2018–2021 200–600 $8,500 – $14,000 Good value used models
2014–2017 600–1,200 $9,000 – $11,500 Still reliable if well-maintained
2011–2013 1,200+ $4,500 – $9,500 Lowest cost, higher maintenance
Browse current listings on TractorHouse.
John Deere 1023E Package Deals
Purchase a package deal to save money. Dealers bundle tractors with attachments.
Top Packages (2025):
Value Package
John Deere 1023E + 120R Loader + 54″ Mower Deck
Cost: $8,000 – $15,500
Backhoe Package
John Deere 1023E + 120R Loader + 260B Backhoe
Price: $10,500 – $23,000
Ultimate Farm Package
John Deere 1023E + Loader + Mower Deck + Backhoe + Box Blade
Price: $12,000 – $25,500
Pro tip: Package deals can save $4,000–$8,000 compared to buying each attachment separately.
Related reading: John Deere 1023E Attachments Guide.
Factors That Affect John Deere 1023E Pricing
Several variables influence what you’ll pay for a 1023E:
Dealer location – Rural dealers charge lower prices.
Attachments included – Loader, mower, and backhoe tack on a thousand or so.
Hours of use (for used units) – The less, the higher.
Condition – Carefully maintained models sell at top prices.
Market demand – Spring/fall high demand pushes prices higher.
John Deere 1023E Financing & Warranties
Financing is available through John Deere and most dealers.
0% APR for 60 months (standard dealer deal).
Flexible payment terms, often with minimal down payments.
Extended warranty packages for peace of mind.
This allows a new 1023E to be bought even if you don’t have the money at hand.
Resale Value of the John Deere 1023E
Another reason the 1023E is loved is its resale value.
A clean 5-year-old 1023E should command 70–75% of the new price.
Deere’s brand strength assures consistent demand.
Used buyers seek 1023E models since they’re economical entry points.
Comparison: John Deere 1023E vs 1025R link
Price Compared to Competitors
How does the price of the 1023E compare with other compact tractors?
Model Horsepower Base Price (2025) With Loader + Mower
John Deere 1023E 21.5 HP $15K–$16.5K $19K–$20.5K
John Deere 1025R 23.9 HP $17K–$18.5K $21K–$22.5K
Kubota BX23S 23 HP $16K–$17.5K $19K–$21K
Massey Ferguson GC1723E 22.5 HP $15.5K–$17K $19K–$21K
Mahindra eMAX 20S 19.4 HP $14.5K–$16K $18K–$19.5K
Bad Boy 3026 25.7 HP $16.5K–$18K $20K–$21.5K
The 1023E is still one of the most affordable and reliable options in the 20–25 HP range.
FAQs – John Deere 1023E Price
Q: How much does a new John Deere 1023E cost?
A: New models in 2025 are $8,000–$10,500 base, to $18,000 with backhoe packages.
Q: How much does a used John Deere 1023E cost?
A: $74,500 for old ones, up to $16,500 for near new ones.
Q: Are package specials worth it?
A: Yes, you’ll save $4,000–$8,000 on a loader + mower or backhoe package.
Q: Does the 1023E hold value?
A: Well enough most models retain 70% of their initial price after 5 years.
Q: Can it be financed?
A: Yes, most dealers offer 0% APR for 60 months on new models.
Conclusion – What’s the Real Price of a John Deere 1023E?
The John Deere 1023E offers an excellent mix of affordability, power, and versatility.
New models: $10,000–$13,500 base, up to $16,500 with attachments.
Used models: $5,500–$13,500 depending on year and hours.
Package deals: Best value for buyers who want loader, mower, or backhoe included.
Ready to buy? Start with our John Deere 1023E for Sale – Price & Specs.