Dan Watrous
Well-Known Member
We have a mountainous parcel about an hour from home and will need an excavator about 1-200 hours a year for improvements and maintenance. This is a hobby as my job is all computer related. My research led to probably getting a used Cat 308.
A local CAT dealer has a 2018 308 with 3500 hours for $85k. I would finance it at 6.5% interest, a $10k down payment and $1467/month for 5 years for a total of $88k.
Machinerytrader.com has 9 Cat 308s in California between $75k and $85k, which average a 2017 model for $81k and 2756 hours. Looking at the USA, there are 22 308s which average a 2017 model for $77k and 2569 hours.
Now, I just got a deal of $80k for a new XCMG XE80U at 0% interest. So $10k down and $1167/month and a total of $80k. This is a 10+ ton machine with Cummins engine and Kawasaki pump.
So a new, cheaper Chinese machine for $300 a month less or a used Cat. I worry that the Cat has likely been used by a hard working contractor until it makes sense to trade it in to prevent down-time for repairs. I cannot ever imagine needing an hours warranty repair as the years warranty would be long expired on the XCMG. It would take me more than a decade to get the wear that the Cat has now. I know "production" guys would buy the proven Cat. How about the hobby forester?
So, please tell me about XCMG
A local CAT dealer has a 2018 308 with 3500 hours for $85k. I would finance it at 6.5% interest, a $10k down payment and $1467/month for 5 years for a total of $88k.
Machinerytrader.com has 9 Cat 308s in California between $75k and $85k, which average a 2017 model for $81k and 2756 hours. Looking at the USA, there are 22 308s which average a 2017 model for $77k and 2569 hours.
Now, I just got a deal of $80k for a new XCMG XE80U at 0% interest. So $10k down and $1167/month and a total of $80k. This is a 10+ ton machine with Cummins engine and Kawasaki pump.
So a new, cheaper Chinese machine for $300 a month less or a used Cat. I worry that the Cat has likely been used by a hard working contractor until it makes sense to trade it in to prevent down-time for repairs. I cannot ever imagine needing an hours warranty repair as the years warranty would be long expired on the XCMG. It would take me more than a decade to get the wear that the Cat has now. I know "production" guys would buy the proven Cat. How about the hobby forester?
So, please tell me about XCMG