Nardone & Company, Inc. was assigned a claimed that involved a Directional Boring machine which was submerged in water for 3 days. The machine was eventually relocated to a dealer that sells this particular piece of equipment. Based on their inspection, the dealer estimated that the $390,000 piece of machinery was a total loss and worth only $500. Since Nardone & Company, Inc. employed personnel with extensive mechanical backgrounds, we conducted our own inspection of the machine. Within a couple days, Nardone & Company, Inc. had the machine running and functioning properly. What was thought to be a total loss was officially operational and sold under seal bid sale for slightly over $100,000. Not bad for a machine deemed to be a total loss with a net worth of $500.
This Backhoe was working above an underground gas tank when the tank suddenly exploded, reportedly, throwing the backhoe 50' into a chain link fence. The Backhoe was brand new with 39 hours showing on the Hobbs meter. When it was returned to the Case Dealer they reported it was a total loss due to the frame being bent and a whole host of other issues, with little salvage value. The repair cost will equal or exceed replacement cost of $57,675. Relaying on our mechanical expertise, Nardone & Company, Inc. inspected the Backhoe. Based on our inspection, we determined there was no frame damage. There was only superficial damage sustained to the paint and the drive train had been shifted in the mounts. We removed the machine from the dealer's possession and relocated it to a heavy equipment repair shop. Repairs were completed for $421, which included transportation cost. Upon the completion of repairs, Nardone & Company, Inc. conducted a salvage sale and received a bid of $40,220 that equals 70% of the replacement cost. Once again, Nardone & Company, Inc. extensive professional backgrounds resulted in another successful story book ending.