Equipment can be one of the most expensive investments you can make for your business. And with today’s lower grain/milk prices and tighter budgets, many farmers are considering used machinery as an alternative to buying new. However, the hours logged on a piece of machinery are not always a reliable indicator of the health of the engine. Below, are listed three considerations that may help you make a final decision when you are in the market for “new-used” equipment.
- Get an oil analysis.
Potential buyers can look for leaks and damage when inspecting used machinery, but even if a piece of equipment looks good on the outside, it’s harder to tell the condition under the hood. That’s where an oil analysis can be a valuable tool for the buyer. It is like a blood test for a machine’s engine, transmission and hydraulic systems. The cost of an oil analysis kit ($15 to $25) is minimal considering the valuable insights it can provide on a machine that likely costs tens or even hundreds of thousands of dollars to buy.
- Consider the age of the engine and the fuel it’ll need. (more…)