Buying Used Equipment
Hey guys. I always come around here every now and then. Just thought i would get some input for pros like you.
How do you guys buying used equipment cope with buying used equipment from really far distances from you, and also from private sellers? It seems like such a gamble for a purchase over 20, 30, and sometimes even 40k.
Also, I dont want this to become a battle of the brands. But i know some brands are more prone than others to have problems around certain periods of its life. I know there are many variables in the life span of a machine. But i would still like some input.
We currently rent a mustang mtl16, and sometimes mtl25 track loader, as well as an me3503 mini excavator. We rent these during the landscaping season, and use them AS LITTLE AS POSSIBLE, due to the hassles of rentals, and daily prices etc. Between the track loaders, and mini excavator, we spend about 15k a season on these two machines alone. I am confident i can find over 20k worth of work if we owned.
This 20k may seem low, but we would only put around 100, to 150 hours a year on each machine. Dont question my pricing etc. I know how to charge for what i do, and it works well.
So down to the questions.
How many hours should i cut off at when searching for a piece of used equipment? 1400 hours? 1600 hours? 2000 hours?
what brands provided the most bang for your buck with longevity, future problems/maintenance and price?
i Know i can spend 80k and get 2 solid machine, but i really only want to spend 40k right now. Should i spend 40k or less and get one of the 2 machines i need, and keep renting the other until its paid off?
I am looking for a 3.5 to 5 ton excavator, and up to a 100hp track loader. I wish i could get buy with wheels for the price point. But it simply will not work.
I know i may not be clear as to what i am looking for from you guys, but any input/help, and any questions would help.
If this isnt clear let me know, if im crazy let me know, if i talk to much let me know. I will try and fix it.