{"id":2875,"date":"2023-12-11T16:18:35","date_gmt":"2023-12-11T21:18:35","guid":{"rendered":"https:\/\/solucofinancialgroup.ca\/financement-equipement-arboricole\/"},"modified":"2026-03-31T11:13:31","modified_gmt":"2026-03-31T15:13:31","slug":"forestry-logging-financing","status":"publish","type":"post","link":"https:\/\/solucofinancialgroup.ca\/en\/blog\/forestry-logging-financing\/","title":{"rendered":"Choosing Between New and Used Forestry Equipment"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">When the time comes to expand or replace your forestry and logging equipment, the debate usually centers on one question: Should you buy new or used machinery?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In short, your fleet needs to be both productive and profitable. With that in mind, let\u2019s take a look at the different advantages of both options so you can make the right decision for your Canadian logging or forestry business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We\u2019ll also look at how to choose the best equipment, whichever route you take, and some best practices to get you on the right track with your purchase or lease.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/solucofinancialgroup.ca\/en\/blog\/forestry-logging-financing\/#Leasing_New_Forestry_Equipment_Best_for_Innovation_and_Predictability\" >Leasing New Forestry Equipment: Best for Innovation and Predictability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/solucofinancialgroup.ca\/en\/blog\/forestry-logging-financing\/#Leasing_Used_Forestry_Equipment_Maximum_Value_and_Immediate_Availability\" >Leasing Used Forestry Equipment: Maximum Value and Immediate Availability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/solucofinancialgroup.ca\/en\/blog\/forestry-logging-financing\/#Choosing_the_Right_New_or_Used_Forestry_Equipment_4_Questions_to_Ask\" >Choosing the Right New or Used Forestry Equipment: 4 Questions to Ask<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/solucofinancialgroup.ca\/en\/blog\/forestry-logging-financing\/#How_to_Inspect_New_and_Used_Forestry_Equipment_Before_Signing_a_Lease_3_Methods\" >How to Inspect New and Used Forestry Equipment Before Signing a Lease: 3 Methods<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/solucofinancialgroup.ca\/en\/blog\/forestry-logging-financing\/#Types_of_New_and_Used_Forestry_Equipment_Financing\" >Types of New and Used Forestry Equipment Financing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/solucofinancialgroup.ca\/en\/blog\/forestry-logging-financing\/#Signing_a_Lease_on_New_or_Used_Forestry_Equipment_Best_Practices\" >Signing a Lease on New or Used Forestry Equipment: Best Practices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/solucofinancialgroup.ca\/en\/blog\/forestry-logging-financing\/#Soluco_Provides_Lease_Financing_for_New_and_Used_Forestry_and_Logging_Equipment\" >Soluco Provides Lease Financing for New and Used Forestry and Logging Equipment<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Leasing_New_Forestry_Equipment_Best_for_Innovation_and_Predictability\"><\/span>Leasing New Forestry Equipment: Best for Innovation and Predictability<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">For high-production contracts where every hour of daylight counts, new machinery offers several advantages:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Latest Tech: Better fuel efficiency and advanced telematics to track production in real-time.<\/li>\n\n\n\n<li>Manufacturer Support: Comprehensive warranties that protect you from the financial sting of major mechanical failures.<\/li>\n\n\n\n<li>Operator Retention: In a competitive labor market, providing your crew with a modern, comfortable, and safe cab is a powerful recruitment tool.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Leasing_Used_Forestry_Equipment_Maximum_Value_and_Immediate_Availability\"><\/span>Leasing Used Forestry Equipment: Maximum Value and Immediate Availability<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">On the other hand, for many contractors, the secondary market is where the best ROI is found. Buying used allows you to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Lower your debt load: You can often acquire two reliable used machines for the price of one new unit, allowing you to scale your crew faster.<\/li>\n\n\n\n<li>Avoid initial depreciation: Just like a truck, heavy equipment loses a significant chunk of value the moment it leaves the dealer lot. With used gear, you don\u2019t suffer the same depreciation at the moment of purchase.<\/li>\n\n\n\n<li>Immediate deployment: While new orders might have long lead times, the used market often provides work-ready solutions that you can put on the job site by next week.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Choosing_the_Right_New_or_Used_Forestry_Equipment_4_Questions_to_Ask\"><\/span>Choosing the Right New or Used Forestry Equipment: 4 Questions to Ask<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Before you lease or purchase forestry equipment, you need to verify that it is in good working condition. Ask the following question, regardless of whether the equipment is new or used:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. Does the brand have a good reputation?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Research the level of experience, the company\u2019s reputation and their commitment to safety and quality. Some reputable forestry equipment brands include John Deere &amp; Company, Komatsu, Hitachi, Barko, Caterpillar and Rottne.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. What are the technical specifications of the equipment?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Do an equipment needs assessment to make sure you know what type of equipment you need for your specific project, then verify that the equipment will meet your operational needs in terms of load capacity, speed, dimensions and power.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3. What safety features are included?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Your workers are priceless. Verify that the equipment has working brakes, fire protection, emergency stops and other specific safety features. This is especially important for used machinery. For new machinery, make sure you know what the warranty covers in case of breakdowns.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4. Does the equipment work properly and\/or show signs of damage?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">New equipment should be in impeccable condition. Used equipment may show signs of wear, but you should verify that this wear has not developed to the point that the machinery is weak or damaged. Tires, brakes, blades and chains should be double-checked for functionality.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The best way to find out if the equipment is ready for safe use is to try it out or have it inspected by a third party. Be sure to observe all safety precautions when testing equipment of unknown status.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Inspect_New_and_Used_Forestry_Equipment_Before_Signing_a_Lease_3_Methods\"><\/span>How to Inspect New and Used Forestry Equipment Before Signing a Lease: 3 Methods<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Whether you have chosen new or used forestry equipment, it is always a good practice to inspect the machinery before payment. You\u2019ll want to check out compliance (safety and regulatory standards must be met), technical specs and structural integrity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here is how:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. On-Site Inspection<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Visit the vendor or manufacturer to see the machinery in person, which provides an opportunity to evaluate its build quality and structural integrity.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. Request a Demo<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Most manufacturers and dealers have demonstration facilities where you can see the equipment in operation. Ask to run the machine, or have your operators test it, to check the responsiveness of controls and ensure it can handle your typical workloads.&nbsp;This allows you to witness its performance firsthand and verify that it operates as advertised.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3. Third-Party Inspection<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">For heavy or complex machinery, you can hire a professional, independent inspector to conduct a detailed, unbiased evaluation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Types_of_New_and_Used_Forestry_Equipment_Financing\"><\/span>Types of New and Used Forestry Equipment Financing<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">There are several <a href=\"https:\/\/solucofinancialgroup.ca\/en\/blog\/types-equipment-leases\/\">types of&nbsp;equipment leases<\/a> for forestry and logging&nbsp;machinery. Government loans and grants, private investors and loans are several possible routes. <a href=\"https:\/\/solucofinancialgroup.ca\/en\/services\/equipment-financing\/\">Lease financing<\/a> is another highly popular and practical method for financing heavy equipment, and can be used for both new and used options.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How Does Forestry and Logging Equipment Leasing Work?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Leasing logging equipment or other forestry equipment involves paying a monthly fee to a&nbsp;financing company&nbsp;for the use of the vehicle or equipment. It is similar to renting, as the equipment remains the property of the financial institution, however leases are usually less expensive than rentals, and offer other advantages, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Lower monthly payments<\/li>\n\n\n\n<li>Flexible terms<\/li>\n\n\n\n<li>Minimal or no down payment<\/li>\n\n\n\n<li>Tax benefits<\/li>\n\n\n\n<li>Upgrades<\/li>\n\n\n\n<li>Possibility of purchasing (depending on the contract)<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s also possible to sign a <a href=\"https:\/\/solucofinancialgroup.ca\/en\/blog\/seasonal-equipment-lease\/\">seasonal lease<\/a>, which is a real advantage since forestry operations are not year-round in most of Canada. Seasonal leases allow you to structure your payments in such as way that you pay more when you are using the equipment, and less during the off-season. In some cases, you may also be able to choose between a short-term and long-term lease (\/short-term-vs-long-term-lease\/ once published), which could allow you to avoid the costs and responsibility of storing your forestry equipment during the off-season or during mud season.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Signing_a_Lease_on_New_or_Used_Forestry_Equipment_Best_Practices\"><\/span>Signing a Lease on New or Used Forestry Equipment: Best Practices<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Choosing to sign a lease is a big commitment. Be prepared by taking the following steps:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Begin by finding out what the\u00a0<strong>minimum credit score<\/strong>\u00a0is for signing a lease, and verify whether your company qualifies. The higher your credit score, the less of a risk you pose.<\/li>\n\n\n\n<li>Assess your specific forestry activities and identify which\u00a0<strong>type of equipment<\/strong>\u00a0will meet your needs, and how long you will need to use it.<\/li>\n\n\n\n<li><strong>Compare and contrast various offers<\/strong>\u00a0before making a decision, remembering to ask about down payment requirements and other lease terms such as whether you could purchase the equipment at the end of the lease, or trade it in for an upgrade at some point during the lease term. Lender terms can vary dramatically, and it\u2019s always a good idea to examine each potential agreement carefully.<\/li>\n\n\n\n<li><strong>Evaluate the total cost of the lease versus <\/strong><a href=\"https:\/\/solucofinancialgroup.ca\/en\/blog\/first-cost-vs-total-cost\/\"><strong>total cost of ownership<\/strong><\/a>. Is leasing the right approach for you? Remember to calculate operational and maintenance costs in your assessment of what your company can afford. Contact a business accountant if needed, to come up with a realistic strategy for making lease payments.\u00a0<\/li>\n\n\n\n<li>Carefully\u00a0<strong>read the fine print<\/strong>\u00a0on the contract, checking for extra fees or penalties, and verifying what will happen if you make a late payment.<\/li>\n\n\n\n<li>Check\u00a0<strong>current tax legislation\u00a0<\/strong>in your region, and investigate whether you could qualify for tax credits or other <a href=\"https:\/\/solucofinancialgroup.ca\/en\/blog\/equipment-lease-tax-benefits\/\">tax benefits<\/a>. At Soluco, the sales tax on equipment leases is distributed throughout the duration of the lease, and when transferring equipment ownership, our lenders will handle the tax payment. With this approach, you can preserve your cash flow by spreading the tax payment over the lease term.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Soluco_Provides_Lease_Financing_for_New_and_Used_Forestry_and_Logging_Equipment\"><\/span>Soluco Provides Lease Financing for New and Used Forestry and Logging Equipment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Whether you choose the reliability of new equipment or the cost-effective utility of used machinery, the goal is the same: preserving your liquidity and boosting operations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At Soluco, we don&#8217;t believe your choices should be limited by the age of the machine. We provide fast, flexible <a href=\"https:\/\/solucofinancialgroup.ca\/en\/services\/forestry-equipment-leasing\/\">equipment financing for new and used forestry equipment<\/a>. Our team understands the nuances of the secondary market and works with over 25 lenders to find the specific terms that fit your harvest cycle.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We approve lease applications in as little as 48 hours. <a href=\"https:\/\/solucofinancialgroup.ca\/en\/contact\/\">Contact us now<\/a>&nbsp;to get started!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When the time comes to expand or replace your forestry and logging equipment, the debate usually centers on one question: Should you buy new or used machinery? In short, your fleet needs to be both productive and profitable. With that in mind, let\u2019s take a look at the different advantages of both options so you [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[],"class_list":["post-2875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-leasing-used-equipment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New or Used Forestry Equipment: Making the Right Choice<\/title>\n<meta name=\"description\" content=\"Deciding between new or used forestry equipment? Learn about the different costs, risks, and lease types to find the best fit for your business.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solucofinancialgroup.ca\/en\/blog\/forestry-logging-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New or Used Forestry Equipment: Making the Right Choice\" \/>\n<meta property=\"og:description\" content=\"Deciding between new or used forestry equipment? Learn about the different costs, risks, and lease types to find the best fit for your business.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/solucofinancialgroup.ca\/en\/blog\/forestry-logging-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"Soluco\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-11T21:18:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-31T15:13:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/solucofinancialgroup.ca\/wp-content\/uploads\/2023\/12\/agriculture-forestry-equipment.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"mlbwdev\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mlbwdev\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/solucofinancialgroup.ca\\\/en\\\/blog\\\/forestry-logging-financing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/solucofinancialgroup.ca\\\/en\\\/blog\\\/forestry-logging-financing\\\/\"},\"author\":{\"name\":\"mlbwdev\",\"@id\":\"https:\\\/\\\/solucofinancialgroup.ca\\\/en\\\/#\\\/schema\\\/person\\\/a494b773bde4003555adf65ea3a908b2\"},\"headline\":\"Choosing Between New and Used Forestry Equipment\",\"datePublished\":\"2023-12-11T21:18:35+00:00\",\"dateModified\":\"2026-03-31T15:13:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/solucofinancialgroup.ca\\\/en\\\/blog\\\/forestry-logging-financing\\\/\"},\"wordCount\":1364,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/solucofinancialgroup.ca\\\/en\\\/blog\\\/forestry-logging-financing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/solucofinancialgroup.ca\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/agriculture-forestry-equipment.jpg\",\"articleSection\":[\"Leasing used equipment\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/solucofinancialgroup.ca\\\/en\\\/blog\\\/forestry-logging-financing\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/solucofinancialgroup.ca\\\/en\\\/blog\\\/forestry-logging-financing\\\/\",\"url\":\"https:\\\/\\\/solucofinancialgroup.ca\\\/en\\\/blog\\\/forestry-logging-financing\\\/\",\"name\":\"New or Used Forestry Equipment: Making the Right Choice\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/solucofinancialgroup.ca\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/solucofinancialgroup.ca\\\/en\\\/blog\\\/forestry-logging-financing\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/solucofinancialgroup.ca\\\/en\\\/blog\\\/forestry-logging-financing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/solucofinancialgroup.ca\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/agriculture-forestry-equipment.jpg\",\"datePublished\":\"2023-12-11T21:18:35+00:00\",\"dateModified\":\"2026-03-31T15:13:31+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/solucofinancialgroup.ca\\\/en\\\/#\\\/schema\\\/person\\\/a494b773bde4003555adf65ea3a908b2\"},\"description\":\"Deciding between new or used forestry equipment? 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