9 hours ago
Introduction
The CAT 247B is a mid-sized skid steer loader from Caterpillar, known for its versatility and performance in various construction, landscaping, and agriculture applications. However, as with any used equipment, determining its worth depends on various factors such as age, condition, and market demand. In this article, we will explore the key considerations when evaluating a used CAT 247B for sale, particularly one priced at $4,000. By analyzing the condition, common issues, and value depreciation, you’ll gain a clear understanding of whether this skid steer is a good investment at this price point.
The CAT 247B Overview
The CAT 247B is part of Caterpillar’s 200-series of skid steer loaders, a product line designed for performance, durability, and operator comfort. Released in the early 2000s, the 247B offers a combination of excellent lift capabilities, compact size, and maneuverability, making it a popular choice for tight workspaces and demanding projects.
Key Specifications:
Factors Affecting the Value of a Used CAT 247B
When evaluating the worth of a used CAT 247B, several factors must be considered:
1. Age and Hours
The age and total operating hours of the skid steer are critical in assessing its value. Typically, a well-maintained CAT 247B with less than 3,000 hours could still be in good working condition. However, machines that have been in operation for over 5,000 hours may show signs of wear, such as hydraulic leaks, engine wear, or tire deterioration.
If the machine is over 15 years old, even if it has relatively low hours, it may require significant repairs or part replacements to keep it running smoothly.
Solution: Ensure the seller provides maintenance records and verify the hours of operation. Low hours are ideal, but the condition of the parts is even more critical.
2. Condition of the Skid Steer
The overall condition of the skid steer is perhaps the most significant factor in determining its worth. This includes checking for rust, signs of leakage, and the functionality of the hydraulic system, which is a common issue for older models.
Key areas to inspect include:
3. Market Demand and Location
The price of used equipment is heavily influenced by the local market demand. If the CAT 247B is in a region where skid steers are commonly used (such as construction-heavy areas), the price may be higher than in regions where skid steers are less in demand.
Additionally, demand for specific models can fluctuate depending on the economy. If the construction market is booming, the demand for skid steers increases, thus raising their price.
Solution: Research local listings and compare similar models. Check how much other machines with similar specs, hours, and age are selling for in your area. This gives you a better idea of whether $4,000 is a competitive price.
4. Typical Maintenance and Common Issues
Like any used machinery, older models such as the CAT 247B are prone to specific issues, which can affect their resale value. Common issues include:
5. Price Comparison
The price of a used CAT 247B can vary depending on its condition and hours, but on average, you can expect to see prices ranging from $10,000 to $15,000 for models in good condition with low to moderate hours. A $4,000 price tag is significantly lower than average, which raises questions about the machine’s condition or whether it requires costly repairs.
Solution: Be cautious if the price seems too good to be true. If the machine is priced much lower than comparable models, it may have hidden issues that will cost more in the long run.
Conclusion
While a CAT 247B priced at $4,000 may seem like a bargain, it’s important to thoroughly assess its condition, hours of operation, and any potential repairs it may need. This skid steer has the potential to be a great investment if it’s in good working condition, but it’s crucial to factor in the cost of repairs and maintenance. Always check the hydraulic system, engine, undercarriage, and overall wear and tear before committing to a purchase.
If the machine is in excellent condition with low hours, $4,000 could be an excellent deal. However, if significant repairs are needed, it may end up costing you more than purchasing a machine in better shape upfront.
The CAT 247B is a mid-sized skid steer loader from Caterpillar, known for its versatility and performance in various construction, landscaping, and agriculture applications. However, as with any used equipment, determining its worth depends on various factors such as age, condition, and market demand. In this article, we will explore the key considerations when evaluating a used CAT 247B for sale, particularly one priced at $4,000. By analyzing the condition, common issues, and value depreciation, you’ll gain a clear understanding of whether this skid steer is a good investment at this price point.
The CAT 247B Overview
The CAT 247B is part of Caterpillar’s 200-series of skid steer loaders, a product line designed for performance, durability, and operator comfort. Released in the early 2000s, the 247B offers a combination of excellent lift capabilities, compact size, and maneuverability, making it a popular choice for tight workspaces and demanding projects.
Key Specifications:
- Engine: 72 hp (53.7 kW)
- Operating Capacity: 1,750 lbs (793.8 kg)
- Lift Path: Vertical lift
- Dimensions: 130.6 inches (3,320 mm) in length, 62.6 inches (1,590 mm) in width
- Hydraulic Flow: 23.9 gallons per minute (90.5 L/min)
- Tipping Load: 3,500 lbs (1,588 kg)
- Operating Weight: Approximately 6,400 lbs (2,904 kg)
Factors Affecting the Value of a Used CAT 247B
When evaluating the worth of a used CAT 247B, several factors must be considered:
1. Age and Hours
The age and total operating hours of the skid steer are critical in assessing its value. Typically, a well-maintained CAT 247B with less than 3,000 hours could still be in good working condition. However, machines that have been in operation for over 5,000 hours may show signs of wear, such as hydraulic leaks, engine wear, or tire deterioration.
If the machine is over 15 years old, even if it has relatively low hours, it may require significant repairs or part replacements to keep it running smoothly.
Solution: Ensure the seller provides maintenance records and verify the hours of operation. Low hours are ideal, but the condition of the parts is even more critical.
2. Condition of the Skid Steer
The overall condition of the skid steer is perhaps the most significant factor in determining its worth. This includes checking for rust, signs of leakage, and the functionality of the hydraulic system, which is a common issue for older models.
Key areas to inspect include:
- Hydraulics: Check for leaks in the hydraulic lines, as these can be costly to repair. The hydraulic system should operate smoothly, with no delay in lifting or lowering the arms.
- Undercarriage: Inspect the tracks or tires for wear. A worn-out undercarriage can be expensive to replace, especially if the tracks or wheels are damaged.
- Engine: Listen for unusual sounds or smoking. Ensure that the engine runs smoothly and doesn’t show signs of excessive oil consumption or overheating.
3. Market Demand and Location
The price of used equipment is heavily influenced by the local market demand. If the CAT 247B is in a region where skid steers are commonly used (such as construction-heavy areas), the price may be higher than in regions where skid steers are less in demand.
Additionally, demand for specific models can fluctuate depending on the economy. If the construction market is booming, the demand for skid steers increases, thus raising their price.
Solution: Research local listings and compare similar models. Check how much other machines with similar specs, hours, and age are selling for in your area. This gives you a better idea of whether $4,000 is a competitive price.
4. Typical Maintenance and Common Issues
Like any used machinery, older models such as the CAT 247B are prone to specific issues, which can affect their resale value. Common issues include:
- Hydraulic Problems: As mentioned, leaks in hydraulic lines, worn-out pumps, or faulty cylinders can significantly reduce a skid steer’s efficiency and value. These repairs are often costly.
- Tire Wear: The CAT 247B has a significant weight, and if the tires are worn, they may need replacement, which can be costly.
- Engine Issues: Over time, the engine may develop issues such as loss of power, overheating, or exhaust problems. Ensure that the engine runs smoothly, and check the condition of the filters and oil.
5. Price Comparison
The price of a used CAT 247B can vary depending on its condition and hours, but on average, you can expect to see prices ranging from $10,000 to $15,000 for models in good condition with low to moderate hours. A $4,000 price tag is significantly lower than average, which raises questions about the machine’s condition or whether it requires costly repairs.
Solution: Be cautious if the price seems too good to be true. If the machine is priced much lower than comparable models, it may have hidden issues that will cost more in the long run.
Conclusion
While a CAT 247B priced at $4,000 may seem like a bargain, it’s important to thoroughly assess its condition, hours of operation, and any potential repairs it may need. This skid steer has the potential to be a great investment if it’s in good working condition, but it’s crucial to factor in the cost of repairs and maintenance. Always check the hydraulic system, engine, undercarriage, and overall wear and tear before committing to a purchase.
If the machine is in excellent condition with low hours, $4,000 could be an excellent deal. However, if significant repairs are needed, it may end up costing you more than purchasing a machine in better shape upfront.
