Birdseye
Well-Known Member
I got a tip that a church had a non-starting backhoe (1985 2wd Case 580se) sitting on the extensive property that they wanted to be rid of. Apparently it had reached the end of its commercial use life (5000 hrs) and was donated (tax write-off) to the church by a member who ran a construction company. After falling into disuse and neglect, it had been offered to others but due to its issues was passed over and mostly sat for a 6+ years. We got it started and had it transported 120 miles to home.
So far, I’ve got $2500 into it and 60 hours. There is probably another $1000 in parts and 60 hours to get it leak free and mostly 98% functional. All the issues are as mentioned by others which means everything besides the Cummins engine internals, thankfully!
A scan thru Craigslist tells me that the market price for a working 2wd 30-40 year old backhoe is $7-10k, 4wd $10-14k. Not starting, no hydraulics... that’s where the ‘deals’ might be found. But, ‘deal’ is misleading because mostly it’s sweat equity, you trade a low purchase price for your time and resources as a mechanic and parts department which commercial outfits charge at $100-150/hr.
In my case I’m a slow, inexperienced ‘diesel mechanic’, so I figured my time is worth $40/hr. When I’ve finished I’ll have invested:
- 120 hours labor ($4800)
plus
- $3500 in parts and expenses
Which ends up right in that market range of $6-10k for a 35 year old 2wd backhoe.
Fortunately for us, due to high commercial labor rates and because these machines are relatively easy to fix and don’t require many specialized tools we can own one for home/farm use. Basically it’s a $10k asset that is only practical if you can do the repairs yourself. My guess is that there are hundreds or thousands of such machines in existence.
So far, I’ve got $2500 into it and 60 hours. There is probably another $1000 in parts and 60 hours to get it leak free and mostly 98% functional. All the issues are as mentioned by others which means everything besides the Cummins engine internals, thankfully!
A scan thru Craigslist tells me that the market price for a working 2wd 30-40 year old backhoe is $7-10k, 4wd $10-14k. Not starting, no hydraulics... that’s where the ‘deals’ might be found. But, ‘deal’ is misleading because mostly it’s sweat equity, you trade a low purchase price for your time and resources as a mechanic and parts department which commercial outfits charge at $100-150/hr.
In my case I’m a slow, inexperienced ‘diesel mechanic’, so I figured my time is worth $40/hr. When I’ve finished I’ll have invested:
- 120 hours labor ($4800)
plus
- $3500 in parts and expenses
Which ends up right in that market range of $6-10k for a 35 year old 2wd backhoe.
Fortunately for us, due to high commercial labor rates and because these machines are relatively easy to fix and don’t require many specialized tools we can own one for home/farm use. Basically it’s a $10k asset that is only practical if you can do the repairs yourself. My guess is that there are hundreds or thousands of such machines in existence.
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