I am looking at a bobcat 435 that has 250 hrs on it for 43,500.00. It is a local used car sales place that has some equipment and trailers on the side that he sells. The excavator looks to be in good shape but the light on the boom is bent and the shield that covers the large hydraulic cylinder on the dipper was taken off with force as the bracket that held it on is now bent. Besides these flaws, the machine is in excelent shape and is full of options. It has the cab/heat/ac/fast track and hydraulic thumb. I am not sure if it is the long arm version or not but either one will work for me. I went to the bobcat dealer today and got a price for a new one and to check on the financing. I got a price for the 435,cab/heat/ac/long arm/hydraulic thumb/keyless ignition. Everything except for the fast track and I believe that was a 1700.00 upgrade on the price that I was given and it came out to be 49,800.00 and the financing was 4.9% for 48 months. I ran the numbers and from what I can see is that used equipment will probably get somewhere around 13% interest on a loan. With these numbers I found that it would come out to be the same price over 4 years for the new one vs the used and I get a warranty, close to zero hours and no damage. thruth be told is that I have a home equity line of credit that affords me the cash at an interest rate between the two above and is tax deductibe on my home and allows me to get the equipment that I need. My question is that I have heard that as soon as you take a piece of equipment off the lot, just like a new car it has alot of depreciation. I am looking for what you all may think that it is worth. I was thinking that it would have to come in at 40,000.00 to make it worth it. Let me know what you think about used equipment.