Buying and Reselling used commercial equipment opinions wanted

Discussion in 'General Industry Discussions' started by cut level, Sep 21, 2010.

  1. cut level

    cut level LawnSite Senior Member
    Posts: 295

    You know as the year winds down and mowers are being sold thru winter and end of the fall at super steal prices. Some are super steal deals, I have ran across a few already but didnt pull the trigger. Payments go on and on thru the winter when no revenue is coming in and guys are unloading equipment just to make pmts to try and last til the spring and then buy another mower or just quit.

    I am toying with the idea of maybe picking up 2 or 3 mowers over the course of the next couple of months if I can run across some real deals on some decent mowers. They will definitely be for resale. Buy em clean em up real good maybe touch up paint.

    Of course I will be doing this to look to make a little money on the resale but not premium price. I am not doing this with the expectations of making money to pay my bills. I am doing it to tinker with the mowers during the downtime for something to do in between shooting ducks this winter and crappie fishin. More like a hobby simply because I love the machines. The cash I have to do this hobby with is extra money I have stuck back that is earmarked for nothing but my safe. If I got stuck and had to keep a mower because it didnt sell then I would use it in my business until it did to keep it in working order. Whats yalls thoughts?
     
  2. wahlturfcare

    wahlturfcare LawnSite Senior Member
    from iowa
    Posts: 532

    i've been doing that for some time now. I have made pretty good so far, i also sell new/used parts to people in my area too. I'm planning on trying to open a mower service part too and still mow as advertising for the brand that is sell.
     
  3. brawdyre

    brawdyre LawnSite Member
    from OKC
    Posts: 89

    I picked up a couple LS Turf Revuitalizers with the intent to resale myself but I am starting to wonder if I made the right decision. It seems that there is not much of a market down in OKC. Up north I am sure they are more prevalent. I know it seems like a no brainer but unless you can get a local buyer it will be a pain in the rear end.
     
  4. cut level

    cut level LawnSite Senior Member
    Posts: 295

    check your pm
     
  5. cut level

    cut level LawnSite Senior Member
    Posts: 295

    Thats the part that kinda worries me. I am not gonna pay for shipping a mower 100% , the buyer can or we can work out a halfway point. Surely the buyer and I can work something out. Do you have experiences where someone out of state wanted the equipment and it not work out due to distance between the 2 of you?
     
  6. brawdyre

    brawdyre LawnSite Member
    from OKC
    Posts: 89

    I am sure if it is part price and part distance but I recently had a guy say he would definately be interested if it wasn't so far. I offered to meet him 3/4 of the way and he never responded once I told him price. Just for full disclosure it was a 6HP LSTR very clean for 2k. I think it is a great price since you almost never see these things come on the market used. But maybe thats just me. Does 2k sound too high to you? For the main point I think most would balk at the distance unless it is a super great deal price wise.
     
  7. cut level

    cut level LawnSite Senior Member
    Posts: 295

    Yeah it would suck to set a meeting up and drive 3 or 4 hours one way to get stood up by someone!

    On the LSTR I dont know if it sounds high or not. Whats it cost new?
     
  8. brawdyre

    brawdyre LawnSite Member
    from OKC
    Posts: 89

    Yeah that would definately suck. Not sure how to prevent that. Be a good idea to verify contact info b4 heading out. This years models are $3500 new from the factory. I think some dealers are selling for around $3200. I think the problem is it is such a specialty service with 2 short seasons that some guys just dont want to invest in the machine to do it. I guess they would rather rent. IDK.
     
  9. SouthSide Cutter

    SouthSide Cutter LawnSite Bronze Member
    Posts: 1,333

    I was quoted the 9hp and 13hp models around 3200-3600. I thought the 6hp was in the 2000 range. Your right, you dont ever see them used around here either. Getting ready to buy one tomorrow.
     
  10. brawdyre

    brawdyre LawnSite Member
    from OKC
    Posts: 89

    Wow good prices. Just a couple of months ago the manufacturer quoted me 3500 for the 6hp, 4k for the 9hp, and 4500 for the 13hp. No dealers in my area so no way for me to check there. I guess they price high to protect their dealers. Thats why I looked for a used one.
     

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