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<br />FINANCIAL COST ANALYSIS <br />NEW & USED MOTOR GRADER <br /> <br />Useful life of new motor grader: 20 years <br /> 10,000 hours <br />Analysis of bids received New Used <br />U sefullife years 20 10 <br />U sefullife hours remaining 10,000 :1:5,000 <br />Bid Price $113,529 $101,775 <br />Cost per year $ 5,676 $ 10,178 <br />Cost for 10 years $ 56 760 $101 775 <br /> <br />Lowest bid based on useful life cost is the new motor grader from Sweeney Brothers. <br /> <br />Note: The used motor grader cost does not include cost of approximately $4,500 for new tires that <br />will be needed within the next two years. <br /> <br />s: \Counci1\Phil\3-19-07 Purchase street dept equipment. doc <br />