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Crawlers, Dozers, Loaders & Backhoes Discussion Forum

Fair price for Massey 470?

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Case450

12-29-2006 16:11:45




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I have a Massey Ferguson 470 wheel loader that i bought about six years ago for $8000.00 cdn. Since I bought it I've had the hydraulic pump rebuilt, had the whole machine re-wired, brakes rebuilt, rebuilt the front axles (changed the problematic ball bearing joints to U-joints from a 3/4 ton truck), new axle seals, new lights, new cutting edge on bucket, and new tires. The machine runs really well and obviously i've put a lot of work and money into it. I want to sell it and buy a bigger one as this one is too light. What would be a fair price to ask? I figure I've spent approximately $10,000.00 on new parts and labour on this machine. In total the machine cost approximately $18,000.00. I would like to ask that price however, if I seen this machine for sale for that price, I would more than likely walk away. Any suggestions as to what would be a fair price? In canadian dollars? It would be perfect for loading sand, topsoil or manure or a good snow machine.

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