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With the current market, he probably isn't too far off on price. IMO $15-17K isn't out of line. And the machine will make you many times that. It's just deciding if that is the machine you want.

Sharp knives makes a world of difference. Just like a chainsaw, you can't judge performance by how it cuts with a dull chain. If you haven't bought it yet, offer him less than his asking price based on the shitty performance. Use the savings to buy a few sets of knives. and an impact to change...

Looks good with the fresh paint. Mine wouldn't chip worth a shit with knives that dull, but it was an older version with a lot more wear. If the engine is solid and you don't need too much welding on the stress points then you're in good shape. If you don't have a good impact wrench, buy one...

I had an old Morbark drum chipper. It was an awesome chipper but you couldn't use resharpened knives, had to buy new knives every time. There was no adjustment for how deep the knives sat in the pocket, so sharpened knives would be shorter and not stick out as far. The drum itself acted like the...