The John Deere 1023E price in 2026 starts at $10,500 bare and climbs to $22,000 fully packaged — and whether that’s worth it depends almost entirely on what you’re actually going to do with it. This guide gives you every number you need, the honest trade-offs, and a straight verdict at the end. No padding.
Written by a farm equipment specialist with 10+ years sourcing and evaluating agricultural machinery across the US and European markets. Pricing sourced from current TractorHouse listings and authorised John Deere dealer quotes, March 2026.
New John Deere 1023E Prices (2026)
New prices vary by dealer location and configuration. These are current US market averages — rural dealers in lower cost-of-living states typically land at the lower end.
| Configuration | 2026 Price Range |
|---|---|
| Bare tractor only | $10,500 – $13,000 |
| + 120R Front Loader | $13,500 – $15,500 |
| + Loader + 54″/60″ Mower Deck | $15,500 – $18,500 |
| + Loader + Mower + 260B Backhoe | $18,000 – $22,000 |
One timing note: dealers are under end-of-year sales pressure in October through January. That is consistently when buyers report saving $1,500–$2,500 on new stock — worth asking about directly even when nothing is advertised.
Used John Deere 1023E Prices (2026)
The used market is active. TractorHouse regularly lists 60–80 1023E units at any given time, which gives you real price discovery rather than guesswork.
| Year | Hours | Price Range | Notes |
|---|---|---|---|
| 2022–2025 | Under 200 | $9,000 – $16,500 | Near-new, may carry remaining warranty |
| 2019–2021 | 200–600 | $8,500 – $12,000 | Sweet spot — low hours, proven reliability |
| 2015–2018 | 600–1,200 | $6,500 – $9,500 | Fine if records are clean |
| 2011–2014 | 1,200+ | $4,500 – $7,000 | Budget entry — factor in upcoming service costs |
The 2019–2021 range is where we spend most of our time advising buyers. You avoid the steepest depreciation hit, get a machine with thousands of hours of life left, and typically pay 35–45% below new price. If you want more detail on what to inspect before buying used, read our guide to buying compact tractors for small farms.
One warning: hour meter tampering is more common on the 1023E than most buyers expect, precisely because the resale value is strong. A 2019 machine priced unusually low deserves extra scrutiny. Cross-check the hours against wear on the seat foam, pedal rubbers, and steering wheel — those are hard to fake.
Package Deals — What You Actually Save
Package deals are genuine value, not dealer marketing. Bundles typically save $4,000–$8,000 versus buying the tractor and attachments separately, because dealers price them to move inventory volume.
| Package | What’s Included | Price Range | Estimated Saving |
|---|---|---|---|
| Value | 1023E + 120R Loader + 54″ Mower | $15,500 – $18,500 | ~$4,000 |
| Backhoe | 1023E + 120R Loader + 260B Backhoe | $17,000 – $20,500 | ~$5,000 |
| Ultimate | 1023E + Loader + Mower + Backhoe + Box Blade | $20,000 – $25,000 | ~$7,000 |
If you know you want a loader — and most 1023E buyers do — just buy it in the package. Retrofitting a loader later rarely saves money and sometimes voids dealer incentives.
1023E vs Competitors — Honest Comparison
The 1023E is not the cheapest option and it is not the most powerful. Here is where it actually sits.
| Model | HP | Base Price | With Loader + Mower | 5-Year Resale |
|---|---|---|---|---|
| John Deere 1023E | 21.5 | $10,500–$13,000 | $15,500–$18,500 | 70–75% |
| John Deere 1025R | 23.9 | $12,500–$15,000 | $17,500–$21,000 | 72–76% |
| Kubota BX23S | 23 | $11,500–$14,500 | $16,000–$20,000 | 65–70% |
| Massey Ferguson GC1723E | 22.5 | $10,000–$12,500 | $14,500–$18,000 | 55–62% |
| Mahindra eMAX 20S | 19.4 | $9,500–$11,500 | $13,500–$16,500 | 48–55% |
The Massey Ferguson GC1723E costs less upfront. But its 5-year resale is roughly 12–15% lower than the 1023E. On a $15,000 machine that gap is real money — around $1,800–$2,000 at resale. The 1023E’s price premium over cheaper alternatives is largely a resale value story.
See our full John Deere 1023E listings page for current stock and asking prices.
Financing
John Deere Financial offers 0% APR for 60 months on new models through authorised dealers. On a $15,000 package that is $250 per month with zero interest — hard to beat in the current rate environment. Most dealers require little or no down payment on qualified buyers.
Used models finance at 5–9% APR through dealer programs or agricultural credit unions. A $10,000 used 1023E at 7% over 48 months runs about $239 per month.
Resale Value
A clean, well-maintained 2020 1023E with under 500 hours lists on TractorHouse today at $9,500–$12,000. That is 70–75% of what it sold for new — and machines at this spec sell quickly. The combination of John Deere brand recognition and simple, proven mechanicals keeps demand consistent year over year.
This matters when you buy. If you spend $13,000 on a new 1023E and sell it in five years in good shape, expect to recover $9,000–$10,000. The Mahindra equivalent over the same period returns closer to $6,500–$7,000. The total cost-of-ownership picture looks very different once you factor that in.
The Real Downsides
The 1023E has genuine limitations that some buyers gloss over:
- 21.5 hp is a real ceiling. If you are doing any serious box blade work, moving heavy loads consistently, or tackling grades steeper than 15–20%, you will feel the power limit. The John Deere 3020 vs 4020 comparison gives useful context on what more horsepower actually buys you.
- No Category 1 three-point hitch position control. The 1025R has it, the 1023E does not. For precision implement depth work — rear blades, tillers, seeders — this matters.
- Open ROPS only on base spec. No cab option. If you operate in cold winters or run extended hours in rain, this is a real comfort issue.
- Limited dealer negotiation room. The 1023E sells well, so dealers rarely discount heavily on new stock outside end-of-year periods.
John Deere 1023E Specifications at a Glance
- Engine Power: 21.5 HP
- PTO Power: Approximately 16 HP
- Transmission: Hydrostatic
- Drive: 4WD
- Loader Lift Capacity: Approximately 754 lbs
- Fuel Tank: 5.6 gallons
Verdict
If you own 1–10 acres, need a loader, and want a machine that will start reliably in five years and sell for close to what you paid — buy the 1023E. The resale value alone justifies the premium over cheaper alternatives, and the John Deere dealer network means parts and service are rarely a headache.
If you need more than 25 hp, want a cab, require position-control hitch for precision implements, or are farming more than 20 acres regularly — don’t. Look at the John Deere 4020, the 1025R, or a used 2038R instead. The 1023E is an excellent machine for the right application. Buying it for the wrong one is an expensive way to learn that lesson.
Check current John Deere 1023E stock and pricing →
Frequently Asked Questions
How much does a new John Deere 1023E cost in 2026?
A new 1023E costs $10,500–$13,000 bare. With a 120R loader: $13,500–$15,500. Full package with loader, mower deck and 260B backhoe: $18,000–$22,000 depending on dealer and location.
How much does a used John Deere 1023E cost?
Used prices run from $4,500 for high-hour older models up to $16,500 for near-new examples under 200 hours. A clean 2019–2021 model with 300–600 hours is the sweet spot at $8,500–$12,000.
Does the John Deere 1023E hold its value?
Yes. A well-maintained 1023E retains roughly 70–75% of its purchase price after five years — among the best retention rates in the sub-compact class. TractorHouse listings consistently support this range.
Is the John Deere 1023E worth buying over the 1025R?
For most small landowners, yes. The 1025R adds 2.4 hp and a position-control hitch at $2,000–$3,000 more. Unless you need the extra hitch control for precision implement work, the 1023E is the better value.
Are John Deere 1023E package deals worth it?
Yes. Bundles typically save $4,000–$8,000 versus buying the tractor and attachments separately. The loader and mower deck package is the most practical choice for small farms and homesteads.
Can I finance a John Deere 1023E?
Yes. John Deere Financial offers 0% APR for 60 months on new models. Used models typically finance at 5–9% APR through dealer programs or agricultural credit unions.