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Priced out a new 988 h today

Discussion in 'Heavy Equipment' started by kcress31, Feb 24, 2010.

  1. kcress31

    kcress31 Senior Member
    Messages: 451

    $850,000 and d$19,500 / month for 48 months. Looking at supplying a local mine with this machine for moving rock, loading trucks. Still researching all the wear and tear costs. Looks like about 7000 hrs on a set of tires ( $40,000 a set ) About 400 - 500 hrs for a set of teeth and wear plates. Cat recomends a full rebuild after 20,000 hrs. They need a standby price and an hourly price. My brain is starting to hurt.
  2. Mackman

    Mackman PlowSite.com Addict
    from S.E. PA
    Messages: 1,356

  3. kcress31

    kcress31 Senior Member
    Messages: 451

    Here is a pic of the unit for $733,000. I think we will be looking at a used one for around 500 K.

  4. 2COR517

    2COR517 PlowSite Fanatic
    Messages: 7,115

    Well - your standby price needs to cover your depreciation, insurance, etc. They may not be willing to cover the monthly payment, because otherwise they would buy the machine themselves. That's a 24/7 operation, right? Machine will be ready for overhaul in less then three years, and you are still paying for it. Will they guarantee you a minimum number of hours each month?

    Then you need figure out your hourly operating costs. Tires for example will cost you about $6 an hour. Take the cost of teeth/wear plates and divide by service life (400 hours), routine maintenance cost/hourly interval, fuel usage, operator expense, allowance for "unscheduled" repairs, etc.

    SMLCAT Member
    Messages: 85

    Your CAT dealer should be able to sit down with you and figure out an hourly cost with a full maintenance contract to include a replacement loader should your machine have a catastrophic breakdown.
    I'm sure the mine will not be understanding to any problem you might be having.

  6. Evanbrendel

    Evanbrendel Senior Member
    Messages: 181

    thats a large machine!

    NICHOLS LANDSCA PlowSite Veteran
    Messages: 4,286

    If needed you could probably put a 16ft pusher on it without any problems:D Kidding aside it sounds like it's time to dust off the calculator and put some new batteries in it, because it's going to be getting a work out.
  8. kcress31

    kcress31 Senior Member
    Messages: 451

    Found out tire pricing from my local Goodyear dealer today. $10500 per tire for Bias Ply with about a 7000 hr life and about $11500 per tire for the radials with about 11,000 to 13,000 hr life. Looking at about $ 5000 - $6000 every 400 hrs for teeth and wear plates. Thank god they pay for the fuel.

    Still Researching all the ins and outs of the whole contract.
  9. 2COR517

    2COR517 PlowSite Fanatic
    Messages: 7,115

    Well it's a no brainer to get the radials. Allow $20/hour for cutting edges and tires. I'm guessing this is a $250/hr machine or so?

    At a real simple level, what does a five yard machine go for? This needs to go for at least double, probably triple.
    Last edited: Feb 26, 2010
  10. buckwheat_la

    buckwheat_la 2000 Club Member
    Messages: 2,254

    i would guess that machine well bring in more then $250/hour, if a 1.5-2.5 worth $100 000 is getting $150/hour, i am going to take a stab at it and guess he is looking for around $400 - $500/hour, at least that is what i would be looking at if it were me. (keeping in mind that i know Diddly about this size of Iron)
  11. SMLCAT

    SMLCAT Member
    Messages: 85

    Does that include the cost to chage the tires out? You're not going to put a scissor jack under that bad boy and lift it up:eek:
  12. 2COR517

    2COR517 PlowSite Fanatic
    Messages: 7,115

    Nope, you need something more like this:


    And this plugs into the cig lighter. Totally worth it on that job.

    12v impact wrench.jpg



    12v impact wrench.jpg
  13. Harleychvy

    Harleychvy Senior Member
    Messages: 149

    What size fuel tank does one of those have?
  14. Tbrothers

    Tbrothers Senior Member
    Messages: 140

    980H with a 8 1/2 yrd goes for about $400,000 we just bought two years ago.That machine would have to bring in well over $500 hr. We have Cat service our machine every 250hrs and the basic service is $600 for level 1 level 3 get up around $1500 when its due.
  15. kcress31

    kcress31 Senior Member
    Messages: 451

    Fuel tank is 188 gallons and it has a 10 yard bucket on it. We were thinking of using our 988B as an option but by the time we put new tires on it and a used rock bucket is about $40,000 and up to $60,000 for a fairly new one. We will probably use our 988 B as a backup. As far as changing out the tires I believe it is extra.
  16. rebelplow

    rebelplow Senior Member
    Messages: 147

    Kcress, that's a massive machine that you are looking into getting. With all the equipment you have, I think you have a pretty good idea on how to crunch the numbers to make some money ;) I've been trying to figure out what the difference is between all the different 988 models. h, j, b, etc....??

    Everyone else in the thread. Check out this cool tool to figure out your operating costs for a piece of machinery. http://www.volvo.com/NR/rdonlyres/6D4A265B-6B9F-4A52-97FC-21F19711B652/0/TCO_public.swf
  17. 2COR517

    2COR517 PlowSite Fanatic
    Messages: 7,115

    The letter is just the generation, I think......
  18. JohnnyU

    JohnnyU 2000 Club Member
    Messages: 2,037

    Have you run the STIC Controls before? You'll like them :)
  19. 2005_Sierra

    2005_Sierra Senior Member
    Messages: 346

    Why is there onlt the one "arm" on this machine?
    Instead of the 2 like this machine?
  20. 2COR517

    2COR517 PlowSite Fanatic
    Messages: 7,115

    I'm guessing it was designed that way, and then the factory built it according to the specs provided.

    I dunno