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09-12-2007, 09:49 AM #1
- Join Date
- Aug 2007
- Posts
- 127
- Location
- EC Ohio
- Tractor
- Kubota MX5100, JD 710, Case 450
Used Backhoe Prices
I asked for feedback about backhoes (separate thread). This is some info about recent pricing.
Yesterday I went to a Ritchie equipment auction (Ritchie Bros. Auctioneers - Unreserved Equipment Auctions) in Cambridge OH. I went mostly to see values but not to buy - although some of the machines sold I'd tried out at a local dealer so I might have bought one.
Most of the TLBs were new or nearly new Case & New Holland, in the 2005-2007 range, 4x4 w/ cab & extendahoe and ~ 150-200 hours: Case sold for $58-$62K; NH for $33-35K.
I've been looking at 99-01 Cases & NH's ~ w/ in the mid-high $20s eg. Case SL cab, 4x4, ex-hoe 2700 hours $28K; NH same equip & year $26K. The auction results suggest that the used Cases are a much better buy and that I should be down around $20 on an NH.
Dealers I spoke to at the auction said that the "Made in Italy" tag on the NH frame scares people. And that they bring more up North eg. Cleveland OH.
Later I looked at some used equipment incl a Terex (760). This dealer said he could get new Terexes 2005-06 w/ full warranty for $39000 from a distributor in NC. He had sold one and is having some trouble with it - they rely heavily on electronics.
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09-13-2007, 02:33 AM #2
- Join Date
- Jul 2002
- Posts
- 1,598
- Location
- Greene Co, Arkansas
- Tractor
- JD 1050 2wd, Case 580D 2wd
Re: Used Backhoe Prices
Your research matches mine fairly closely... Nice to have a reality check...
Scott
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09-13-2007, 04:43 PM #3
- Join Date
- Feb 2006
- Posts
- 6,138
- Location
- East PA or 750 mi. east of a short man named Dar___
- Tractor
- Kubota, AGCO, New Holland LB
Re: Used Backhoe Prices
Originally Posted by jfh0jfh
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09-13-2007, 06:37 PM #4
- Join Date
- Aug 2007
- Posts
- 127
- Location
- EC Ohio
- Tractor
- Kubota MX5100, JD 710, Case 450
Re: Used Backhoe Prices
Originally Posted by Builder
I'm most tempted right now by the idea of a $30K 2005 New Holland w/ ~ 500 hours. The equivalent Case would be $45 (also beyond my budget). But I think the low NH resale says too much about the machine quality. Ditto Terex.
I'll probably get a 590 SL (~$30K) or Ford 655/ 675 (~$20K)Jon_H, East-Central Ohio
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09-13-2007, 09:28 PM #5
- Join Date
- Feb 2006
- Posts
- 6,138
- Location
- East PA or 750 mi. east of a short man named Dar___
- Tractor
- Kubota, AGCO, New Holland LB
Re: Used Backhoe Prices
Originally Posted by jfh0jfh
It's a really tough situation you're in right now. There's so many used machines to pick from and you don't know how each one was maintained & treated.
I wouldn't be scared of NH. If you're considering Ford, remember that NH's have a lot of Ford DNA in them. The nice thing about buying a cheaper hoe is that it leaves you lots of $$ left over for repairs & maintenance. I'm relying on my warranty in case I have problems. My biggest problem with NH was they were low on resale value compared to Case/Deere/CAT, they were foreign made, and the dipperstick is a mile in the sky. Those factors may not mean diddly to you, though.
Everyone's got different set of needs. None of them should be considered wrong by anyone else.
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09-14-2007, 07:10 AM #6
- Join Date
- Oct 2004
- Posts
- 2,952
- Location
- limerick pa lycoming county pa
- Tractor
- kubota bx23
Re: Used Backhoe Prices
I was looking for a used one and every one I saw was beat to death.
I was going to use sell it and by something smaller I decided to get a new bx23 and rent bigger equipment as needed luckly when I was going to do it there was an excavator working nearby and he did it for $100 an hour.
he did in a day and a half what I would have taken me over a week to do.
tom
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09-14-2007, 10:45 PM #7
- Join Date
- Aug 2007
- Posts
- 127
- Location
- EC Ohio
- Tractor
- Kubota MX5100, JD 710, Case 450
Re: Used Backhoe Prices
Originally Posted by Builder
My problem w/ NH is the resale value. If I could steal one I might take a chance but it's not worth it to save a few thousand. If a 1-year-old NH is worth $20K less than an equivalent Case, there's a problem.
There really haven't been that many good machines close by in the $20-$30K range. I bargained hard on a 310G, 610C and 590 SL and lost each of them. There are a couple of more in the wings so we'll see.Jon_H, East-Central Ohio
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09-14-2007, 10:47 PM #8
- Join Date
- Aug 2007
- Posts
- 127
- Location
- EC Ohio
- Tractor
- Kubota MX5100, JD 710, Case 450
Re: Used Backhoe Prices
Originally Posted by tommu56
This is for a farm and while renting is OK, it's nice to have somethng on standby.Jon_H, East-Central Ohio
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01-11-2013, 06:48 AM #9
- Join Date
- Jan 2013
- Posts
- 1
- Location
- easton pa
- Tractor
- ford
Re: Used Backhoe Prices
I need the price of a used case 580E backhoe in fair condition.