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.
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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. Buyers report saving $1,500–$2,500 on new stock during that window — worth asking about directly even when nothing is advertised.
Used John Deere 1023E Prices (2026)
The used market is very active. TractorHouse typically shows over 250 1023E listings at any given time, which gives 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 |
For many buyers, the 2019–2021 range offers an excellent balance of price, reliability, and remaining service life. You avoid the steepest depreciation hit, get a machine with thousands of hours of life left, and typically pay well 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 or browse our compact tractor buying guide.
As with many popular used compact tractors, buyers should verify that the recorded hours are consistent with the machine’s overall condition. Cross-check the hours against wear on the seat foam, pedal rubbers, and steering wheel — those are hard to fake — and always ask for service records where available.
Before You Buy a Used 1023E
- Verify engine hours against overall wear and condition
- Check hydraulic hoses for leaks
- Test the PTO
- Inspect loader pins and bushings for wear
- Review service records where available
- Check tire wear and condition
- Confirm all implements function correctly before finalizing purchase
Package Deals — What You Actually Save
Package deals are genuine value, not just dealer marketing. Bundles typically save meaningfully versus buying the tractor and attachments separately, since dealers price them to move inventory volume.
| Package | What’s Included | Price Range |
|---|---|---|
| Value | 1023E + 120R Loader + 54″ Mower | $15,500 – $18,500 |
| Backhoe | 1023E + 120R Loader + 260B Backhoe | $17,000 – $20,500 |
| Ultimate | 1023E + Loader + Mower + Backhoe + Box Blade | $20,000 – $25,000 |
Package deals can save several thousand dollars compared with purchasing attachments separately, depending on dealer pricing.
If you know you want a loader — and most 1023E buyers do — buying it as part of the package is usually the better move. Retrofitting a loader later rarely saves money and can void dealer incentives. For a broader look at what else your tractor can run, see our compact tractor implements guide.
1023E vs. Competitors
The 1023E is not the cheapest option and it’s not the most powerful. Here’s where it actually sits.
| Model | HP | Base Price | With Loader + Mower |
|---|---|---|---|
| John Deere 1023E | 21.5 | $10,500–$13,000 | $15,500–$18,500 |
| John Deere 1025R | 23.9 | $12,500–$15,000 | $17,500–$21,000 |
| Kubota BX23S | 23 | $11,500–$14,500 | $16,000–$20,000 |
| Massey Ferguson GC1723E | 22.5 | $10,000–$12,500 | $14,500–$18,000 |
| Mahindra eMAX 20S | 19.4 | $9,500–$11,500 | $13,500–$16,500 |
The Massey Ferguson GC1723E costs less upfront. John Deere and Kubota both have reputations for stronger long-term resale demand than Massey Ferguson or Mahindra in the sub-compact class, though exact resale percentages vary by region, condition, and market timing rather than following a fixed formula. On a $15,000 machine, even a modest resale gap can represent real money at trade-in time — 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 tiered promotional financing on new models that changes seasonally and by dealer — recent examples have included 0% APR for shorter terms (around 48 months), rates near 1% for 60-month terms, and rates around 2% for longer terms like 84 months. Promotional financing generally applies to qualified buyers and may require approved credit. Exact current rates and down payment requirements vary by dealer and promotional period, so confirm the live offer directly with your dealer rather than relying on a fixed number here.
Used models typically 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’s a strong recovery rate relative to original sale price, and machines at this spec tend to sell quickly. The combination of John Deere brand recognition and simple, proven mechanicals keeps demand consistent year over year.
This matters when you buy. A well-maintained 1023E purchased new and sold five years later in good condition tends to recover a meaningfully higher share of its original price than budget-tier alternatives in the same class. The total cost-of-ownership picture looks different once you factor that in — worth weighing against the lower upfront cost of cheaper competitors.
The Real Downsides
The 1023E has genuine limitations that some buyers gloss over:
- 21.5 hp is a real ceiling. If you’re doing serious box blade work, moving heavy loads consistently, or tackling grades steeper than 15–20%, you’ll feel the power limit. Our John Deere 3020 vs 4020 comparison gives useful context on what more horsepower actually buys you, even though those are larger vintage models.
- 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 200–600 hours is the sweet spot at $8,500–$12,000.
Does the John Deere 1023E hold its value?
Yes. A well-maintained 1023E is known for strong resale retention among sub-compact tractors, though the exact percentage recovered depends on condition, region, and market timing rather than a fixed figure.
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 a few thousand dollars 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 several thousand dollars 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 tiered promotional rates on new models that vary by term length and season. Used models typically finance at 5–9% APR through dealer programs or agricultural credit unions. Confirm the current live offer with your dealer.
Ready to Find Your John Deere 1023E?
Whether you’re after a bare tractor, a full loader-and-mower package, or a well-priced used unit in that 2019–2021 sweet spot, the right move is checking current stock before prices shift.
Browse current John Deere 1023E inventory and pricing →
Have questions about a specific configuration or want a delivered price quote? Contact us and we’ll help you find the right fit.