What maintenance logs should I request from an equipment rental yard?
Ask for a service history for each machine, covering scheduled servicing, repairs, inspections and the hours at which they happened. Request the downtime record too. Together these show whether the fleet was cared for on a plan or fixed only when something broke.
A good log is specific. Look for dates, hour-meter readings, the work done, the parts used and who did it. Vague entries such as "serviced" tell you little. Gaps are informative as well: if a machine has run many hours since its last entry, ask what happened in between.
Compare the logs with the machines themselves. A unit with a clean record that still leaks or rattles needs an explanation. A unit with a thick file of repairs may be a candidate for replacement rather than a bargain. Your mechanic can read the pattern more quickly than you can.
Ask for safety inspection records and any notes about operators damaging equipment. Check whether repairs were done in house or by outside shops, and request the shop invoices for the larger jobs. Those invoices show what the work really cost. Finally, ask how the seller tracks upcoming work. Does the yard have a calendar or schedule for servicing, or does the knowledge sit in one mechanic’s head? If it is the latter, plan how you will keep that person. Keep copies of every log you review, and note which machines had no log at all. Ask also whether any machine was rebuilt.
Key takeaways
- Ask for dated entries with hours, work done, parts and who performed it.
- Compare each log with the physical condition of the machine.
- Find out who holds the maintenance knowledge and plan to keep them.
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Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentEquipment valuation: How to do it
- 02Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 03Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
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