Posted by bc on November 12, 2008 at 08:54:31 from (68.88.175.43):
In Reply to: Range land Fire truck posted by TLRich on November 12, 2008 at 06:13:20:
What they said. How bad do you need it and how much money do you have.
I always start with:
1. Is it something I really need and can't do without or would it just be nice to have for a cheap price. Have I been doing without it all this time.
2. How much is a new one or what would it cost me time, effort, and money to buy parts and assemble one.
3. How much will I use it and will I use it enough to warrant getting a new one to avoid ongoing maintenance.
4. Will a store bought or home assembled one do the job and be worth the money.
5. How much is ongoing maintenance and fix up costs on a used one (which may have a cracked block or develop one in a week).
6. a. If I'm bargain hunting with no great need, how much do I bid and still be a bargain. Then wait until another auction comes up and try for the bargain.
b. If I really could use one, how much do I bid before I say just as well go new.
Auctions are crazy. I've watched bidders get carried away and bid up junk to over the price of new. I've bid low looking for bargains and watched the price climb out of sight or climb out of sight before I can get my low bid in. Also watch bargains go for the next $5 over my bid and I half way kick myself but I also know the other guy could run the bid way up if I kept going and it not be a bargain anymore. I have a garage and barn full of bargains that get little use but handy to have. Never know when that $5 broken handle 48" pipe wrench may be needed. Not yet but I have one.
I've got some pasture to burn off but not sure I'd want to get into the maintenance of a vehicle with only one use a year. My pasture isn't worth it, but for $500 to $1000 I could put a tank on a trailer with a gas driven pump and not have another junker sitting around that may have to be tagged and taxed and oil changed and carb rebuilt and a new clutch, etc & etc.
Does it have other uses such as hauling water to cattle? I need something else to sit out by the barn and trim weeds around all summer so a couple hundred bucks may be a bargain if it all works. If you sold your grain before the markets fell and are flush and need some tax write offs then maybe a grand. Then you won't kick yourself too bad when the engine blows, the tank rusts through and leaks, and the pump is wore out.
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