05-17-2009, 12:48 AM
I was shocked when I first read this, but... there are a few details one should consider (if the article is accurate).
The county sold it in 2003 to Pacific machinery and it was then resold to C&H Ishii. Nearly 3 years went by from initial sale date to rental contract.
Pacific machinery - which is in the heavy equipment business, says the model is obsolete. However, heavy equipment has a very long life span and I know that CAT can manufacture any part for any tractor they have made. It may cost a bunch, but they can make the replacement parts.
Over $400,000 in rental with no maintenance costs, but $550,000 to buy a new one that would need to have maintenance done.
If anything, it was simply sold too cheaply to begin with.
There is a lot to consider, overall on this issue.
"A salesman for Pacific Machinery Inc., which bought the dozer from the county in 2003 and then turned it over to C&H Ishii, said that particular model is obsolete.
But a comparative dozer bought new now costs $550,000, said salesman Dave Kirk.
A used dozer of the kind leased by the county runs $125,000 to $150,000, according to prices on the Internet.
Neither Kirk nor C&H Ishii General Manager Brian Ishii would say what Ishii paid for the machine."
The county sold it in 2003 to Pacific machinery and it was then resold to C&H Ishii. Nearly 3 years went by from initial sale date to rental contract.
Pacific machinery - which is in the heavy equipment business, says the model is obsolete. However, heavy equipment has a very long life span and I know that CAT can manufacture any part for any tractor they have made. It may cost a bunch, but they can make the replacement parts.
Over $400,000 in rental with no maintenance costs, but $550,000 to buy a new one that would need to have maintenance done.
If anything, it was simply sold too cheaply to begin with.
There is a lot to consider, overall on this issue.
"A salesman for Pacific Machinery Inc., which bought the dozer from the county in 2003 and then turned it over to C&H Ishii, said that particular model is obsolete.
But a comparative dozer bought new now costs $550,000, said salesman Dave Kirk.
A used dozer of the kind leased by the county runs $125,000 to $150,000, according to prices on the Internet.
Neither Kirk nor C&H Ishii General Manager Brian Ishii would say what Ishii paid for the machine."