I have the chance to purchase a Cat 420 DIT backhoe from a friend of mine. He has been doing the rent to own option from Cat and has quite a bit of money tied up into it ($2800/ mo payment). He is going to just turn it back into the dealer unless he finds someone to pay it off for what he owes which is $52,000. It is a 2004 Cat 420 DIT 4x4 extendahoe backhoe with the quick connect, regular rear bucket, and a rear grading bucket. It has 1,600 hrs on it. I'm just wondering what you guys think about this price and machine. It is a little more than I want to spend, but I can probably swing it. In comparison I was looking at a 2001 420 DIT 4x4 extendahoe with 4,000 hours on it for $39,500. I feel like I know what the right answer is but was just looking for some other input. Also, what are you guys getting for an hourly rate on a backhoe, operator, and a laborer. I have been charging around $125.00 but wanted to see what you guys were getting. Thanks for the help!!