Backhoe

[JD450A]

How is that chunk of metal worth 30k?
Or am I missing something ?

A fool and there money are easily parted

 

[hiluxman]

A fool and there money are easily parted

Think how many carter's you could put out on self drive for that amount....easy

 

[V8Druid]

300-ish Kgs ...... £100,000/t .... THAT is what you call value added product

 

[DaveDCB]

My first new 3cx was 35k in 2005… now the attachments are nearly that

 

[TiltyShaun]

I was happy with spending what I have done on the Engcon’s. But I would not be able to justify £30k on the 8 ton machine. Lucky to have got them when I did and they will be on the fleet for a long time!!

 

[TiltyShaun]

A fool and there money are easily parted

Or someone who can’t drive properly and needs an Engcon!!

 

[Canal Navvy]

A fool and there money are easily parted

I sometimes wonder when I see a brand new machine with every bell and whistle fitted if it isn't the last desperate attempt of a wise old dad trying to delay the dreadful day that his spoilt son takes over the business.
If the tactic works it is most certainly not "a fool being easily parted" it's a very wise investment

 

[hiluxman]

I sometimes wonder when I see a brand new machine with every bell and whistle fitted if it isn't the last desperate attempt of a wise old dad trying to delay the dreadful day that his spoilt son takes over the business.
If the tactic works it is most certainly not "a fool being easily parted" it's a very wise investment

Recently I've seen some (ie more than 3) very well speced machines for sale with sub 200hours on, some been famous machines.

Here in the uk we don't do fancy bits on diggers well. If it dig a hole then that's it.

 

[topkit]

Early days no cabs, no 4in1 front buckets, standard dippers, manual king post slide, no quick hitches, And the operator would quite often have a shirt and tie! Old school! I remember walking to school in the pouring rain and seeing a local companies JCB hydradigga with no cab, The operater was wearing waxes and a souwesta (not sure if thats the correct spelling) I wish i had a camera all those years ago, I would love to have pictures to look at.

 

[Tintan28]

A fool and there money are easily parted

Their (sorry couldn’t resist it!)

 

[JD450A]

Here in the uk we don't do fancy bits on diggers well. If it dig a hole then that's it.

Personally I think the issue people forget is that it's a business not a hobby.... Whilst it's nice to spec what you want and have something you enjoy driving the reality is that it needs to keep a roof over your head and keep you fed.

There seems to be a few people getting caught out of late thinking super high spec machines are going to command a super high resale price..... From my perspective the ones that hold there value are the bargain basement s**t models..... Namely because when comparing two diggers a second hand buyer is unlikely to attribute serious money to extras like air con, rotation lines, etc...... And a tiltymajig comes into that.

Just my opinion, but I think there will be a few bears with sore heads soon enough.

 

[Hg2702]

Personally I’m all for bells and whistles , shiny toys and being the spoilt son spending daddy’s retirement fund

 

[Quattromike]

I don't think you can say it's not worth the money, it is a serious bit of kit with highly engineered components with hydraulics and electrical parts . And as far as I gather the backup you get from them is good. There will be a decent profit made by them as the demand outweighs the supply so they have to keep the prices up. You could probably get a Chineseiam version for less than half the money.
I would also maybe suggest the salesman didn't waste too much time on it either as it's not a credible line of enquiry to fit a brand new one of these to an aging 3cx imho. If you rocked up with a 4cx brand new in the box they might take it more serious.
Just my 2p.

 

[DaveDCB]

Over the years I have found the tidy very well looked after machines command bugger all more ££ when you trade in, I always think wtf have I looked after this so well to be offered exactly the same as the smashed up machine next to it!
It kinda is a hobby for all of us Rory?

 

[JD450A]

It kinda is a hobby for all of us Rory?

It is, but the ones of us that last are the ones that think with our hearts and buy with our heads.

I love my gear and if money wasn't a object I'd be off to liebherr for a 14 tonner...... Unfortunately money is a major object

 

[TiltyShaun]

Personally I think the issue people forget is that it's a business not a hobby.... Whilst it's nice to spec what you want and have something you enjoy driving the reality is that it needs to keep a roof over your head and keep you fed.

There seems to be a few people getting caught out of late thinking super high spec machines are going to command a super high resale price..... From my perspective the ones that hold there value are the bargain basement s**t models..... Namely because when comparing two diggers a second hand buyer is unlikely to attribute serious money to extras like air con, rotation lines, etc...... And a tiltymajig comes into that.

Just my opinion, but I think there will be a few bears with sore heads soon enough.

There are certainly some that I have seen highly specced high profile machines that I have seen for sale recently due to “change of direction”.
I wonder if that change is driven by @JD450A first point.
On the rare occasions I do a full months work on the 8tonne digger I do fell rather flush. But my set up owes me £50k not the £100k plus it would cost if I tried to buy it new. Yes residuals all help at the end but buying 2/3 year old low hours and looking after has done me well.
On the other boot when I ran gangs, buying new made sense to run it and shift it!! Guys on the shovel are happy to stare at a broken machine as they are still being paid. Downtime was it that sense far more costly when compared to me leaving the ignition on and needing to go home for the jump leads.

 

[Furniss]

You could easily argue a case for or against tiltrotator and fancy kit and overreaching for Instagram but it depends on the scenario ...a lot on here have been at it a long time slowly chipping away then its normal that you want to keep advancing the way you work I started with pin on buckets and never thought anything about it,but fastforward to earlier this week and I went back to the yard with the truck to get the u17 to do something I could of done with the 6t if it had had a tilty on - time,money and hassle and why not if it stacks up.
Surely there are too many variables in the argument to say much other than every scenario is different.

 

[Tintan28]

I think the upcoming ending of the super tax deduction will make a difference to new sales. I have invested heavily in new gear recently as in my particular situation it just made sense especially given that 2nd hand machines prices have been inflated. The new tax incentive is still relatively generous but my cheque book is going back in my pocket.

 

[6feetdown]

I was talking to someone the other day who knows a guy just ordered 13t with tilty 103k I'm sure he said, but assume that's plus tilty

 

[doobin]

I've said it before and I'll say it again- I'm a lot happier with £80k of finance against multiple small machines than one Instagram special.

However- with interest rates so cheap, you'd have been mad to have saved up to purchase secondhand when you could have new for a couple of day's hire per year in interest charges. Secondhand on finance wasn't an option as the rates were so much higher- I'd have paid overall only 6k less for a ten year old Kubota 2.7t as I did for the new E27 on 0%.

Now, however, the rules of the game have changed. Finance on a new machine must be what, 7-8% flat rate these days? As opposed to 2-3% pre COVID. So the old way of doing things- owning secondhand gear and maintaining it, starts to stack up more. Possibly the owners of some of these 'high profile' machines for sale have variable finance agreements rather than fixed?

I've been told many a time 'don't finance, better to save up and owe nowt'. Frankly over all my time in business until a year ago, that advice has been bollocks. Finance has let me leapfrog far ahead of where I would be otherwise. But as illustrated above, times change. The old boys who gave me that advice were dinosaurs- still living in the early nineties in their heads. The trick is to be flexible and go with what works best with the economic circumstrances you find yourself in.

So now I'm stopping buying new on finance and instead, buying secondhand at the right money, before using my workshop skills to keep it going. I'm not going to be trading in my three year old diggers for new ones, particularly with the price increases. Add that to the interest rate rises and it means only one thing- new entrants to the market will need substantial pockets or to charge a lot more. So we are about to enter a good time to have bought and paid for kit alongside good workshop skills.

The other thing to consider is whether we are about to enter a prolonged recession and there will be some distressed sales. However, that's akin to gambling to me- may as well do bitcoin instead. I've always hedged my bets, and if a machine comes along at a price that you know will repay itself in fairly short order, it's silly to wait for a slightly cheaper one maybe a year down the line.

This time next year, @JD450A . This time next year!