Quote:
Originally Posted by cabmando
All I know is that I can't keep up with demand for good used construction equipment! I buy 10 machines and six weeks later I'm out. I'm not having a problem selling but rather buying at a price where I can make a decent profit. It's a really good problem to have by the way.
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That's only because of the cost of new equipment with Tier 4 engines. I saw this coming 5 years ago and purchased a used fleet of low hour machines to get me to 2020 or 2022. By then there should be a good inventory of used Tier 3 & 4 machines to purchase and the cost will come back down. Even if only relative to the dollar; at that point they will cost less as a percentage. I hope.
The cost of these new machines are so out of line, due to government regulations, that a $60k re-power to Tier 3 engine looks cheap. And this is for a Machine I only paid $65k to buy. That's inflation!