Backhoe Owning Costs: Figure in the residual

|  December 16, 2013 |

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The residual price is what you can get for the machine when you’re ready to trade it in or sell it for something new.  A lot of contractors keep their older machines, but that’s like keeping a stock or other investment long after it quit growing or producing dividends. Next, let’s look at operating costs.

 

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