Terrible time to buy or not?

[hoff135]

Was hoping to have invested in another 360 machine later in the year. Originally planned a decent second hand machine, but the prices from dealers at the moment seem pretty steep. In fact I see 3yr old machines with 2k hours not that much less than they cost new!

Its made me wonder if its actually better going new? With the constant rise in machinery prices, would it be better value with a new machine and keeping it for 10yrs and by that time inflation means you get a large portion of your money back.

However there is a year wait right now on a lot of brands. No doubt part of the driver of second hand prices.

Either that wait it out to next year and see if it calms down?

What are other people planning?

 

[Lincs Lass]

Shortage of new supply ,,high demand has driven the second hand market through the roof and not just machinery.

 

[Zebbedee]

Just keep looking but I would agree that sometimes new does look better value. I usually start looking s/h first then sometimes end up with new as it seems better value

 

[Still Farming]

Plenty here:-

Diggers Archives

 

[B R C]

I brought a new 8 tonner, done very little yet but just thought it would probably hold its value better than ag kit and especially if it’s a one owner never been hired out machine. It also has the latest spec with twin lines, both with proportional auxiliaries, air con, camera, auto hitch etc All the s/h ones were either too close to new money or over priced ex hire….

 

[JD 6610]

Just ordered new 5 ton mini digger. Trying to find a decent second hand one didn’t work. Second hand prices were high - if you could find anything. Given the long wait for new if you have one for sale there is likely to be someone wanting it ASAP. I’m in no rush but it should arrive in the autumn. It isn’t expected to get a lot of use but makes more sense than hiring and should be a hedge against inflation.

 

[hoff135]

Just ordered new 5 ton mini digger. Trying to find a decent second hand one didn’t work. Second hand prices were high - if you could find anything. Given the long wait for new if you have one for sale there is likely to be someone wanting it ASAP. I’m in no rush but it should arrive in the autumn. It isn’t expected to get a lot of use but makes more sense than hiring and should be a hedge against inflation.

What did you go for? I was originally wanting a 8ton but maybe s new 6ton is a better bet than an over priced secondhand 8.

 

[JD 6610]

What did you go for? I was originally wanting a 8ton but maybe s new 6ton is a better bet than an over priced secondhand 8.

Volvo ECR50F. Hired the older spec machine last year and got on well with it for foundations, ditches, tracks etc. I think it will earn its money by being able to use it to do jobs at the right time. Being owner operated and if I can look after it I doubt it will lose much. Hiring in is such a hassle regarding when it will be dropped off and collected and the delivery cost is just dead money. Because of how things are security wise I don’t have a kitted out workshop so reliability is everything.

 

[LKSF]

It's a good time if you're selling property or anything with s/h wheels on.
I bought a used car 4yrs ago, looked after it really well and it didn't need anything more than normal service items, I recently sold it for the same price I bought it for.
Bad news for me now looking for a used tractor though!

 

[MrNoo]

Was chatting to my plant hire friend the other day about 13t machines, he reckons the market will quieten down Christmas time or early next year, not sure I can see it myself, seems some bonkers prices being asked. He reckoned for a half decent 13t it would be £31k and upwards and did warn a lot of cheaper stuff is worn out or bodged up just enough to move on, leading to big bills further down the line.
A new 360 does look very good value when you compare it to the price of a new 200hp tractor

 

[mf7480]

Was chatting to my plant hire friend the other day about 13t machines, he reckons the market will quieten down Christmas time or early next year, not sure I can see it myself, seems some bonkers prices being asked. He reckoned for a half decent 13t it would be £31k and upwards and did warn a lot of cheaper stuff is worn out or bodged up just enough to move on, leading to big bills further down the line.
A new 360 does look very good value when you compare it to the price of a new 200hp tractor

What are you looking at for a new 13 tonner then?

 

[MrNoo]

I'm not looking new, was after a 2nd hand, initially after a 7-8t but he reckoned I'd be better off with a 13t as buckets etc more plentiful and better bang for buck. Thought he mentioned a new one was circa 70-80k but cant remember

 

[mf7480]

I'm not looking new, was after a 2nd hand, initially after a 7-8t but he reckoned I'd be better off with a 13t as buckets etc more plentiful and better bang for buck. Thought he mentioned a new one was circa 70-80k but cant remember

I had a 14 tonner for a few years but found it was just too bulky for the majority of work, and not big enough for loading muck. An 8 tonner would have been more handy. I ended up selling it and just hire an 8 tonner as and when we need it,.

 

[hoff135]

Anyone know what a new takeuchi tb290 is? I think they are about 65k but not sure

 

[TomB]

Spotted this the other day. Similar ish to a telehandler price although they seem to be going up fast.

 

[Martin Holden]

Was hoping to have invested in another 360 machine later in the year. Originally planned a decent second hand machine, but the prices from dealers at the moment seem pretty steep. In fact I see 3yr old machines with 2k hours not that much less than they cost new!

Its made me wonder if its actually better going new? With the constant rise in machinery prices, would it be better value with a new machine and keeping it for 10yrs and by that time inflation means you get a large portion of your money back.

However there is a year wait right now on a lot of brands. No doubt part of the driver of second hand prices.

Either that wait it out to next year and see if it calms down?

What are other people planning?

If you can get a new one now I’d say “do it”! It will not be cheaper next year the way component and raw material inflation is going right now

 

[TrickyT]

Project I am working on, we are hiring a couple of excavators through a a contractor. Have a 13T and 23T on site. Eye watering at the day rate for these things, but we will have no need for them if we purchased new once the project ends.

The condition of the ones we had on site wasn't brilliant, they appeared to have been 'hammered' in a previous life. Complained and threatened to find another contractor. A week later we had 2 brand new machines delivered straight from the docks at Avonmouth, just shipped in.

We asked what would happen to the older machines. Was told that they would just be sold on as they were still worth 'good money' in the condition they were in.

The contractor said that even thought they had 'reasonable hours' when they are hired out they are not respected like you would your own kit. He said that unless you knew the history of the machine, he would always buy new.

Trevor

 

[dave mountain]

Spotted this the other day. Similar ish to a telehandler price although they seem to be going up fast. View attachment 969601

thats not far off the mark tbh, add 10k+ for a volvo/cat or subtract a couple k for a hyundai. doosan would be my choice but just couldnt justify the upgrade atm.

 

[MrNoo]

thats not far off the mark tbh, add 10k+ for a volvo/cat or subtract a couple k for a hyundai. doosan would be my choice but just couldnt justify the upgrade atm.

Thought the Doosan was quite well regarded? Would last you a lifetime, hell, I could even dig my own grave with it!!

 

[The Grinch]

I’d be reluctant to buy new at moment. Machines being built out of sequence due to part shortages due to Covid can only be a recipe for disaster.