New equipment
The item is new and has no mileage. The condition of this item is mint with warranty.
Excellent
Newer machine or with very few hours with or without warranty.
Very good
Fairly new, low hours and with no known issues attached. Plug and play.
Good
Runs good and is serviced on regular basis, but has some years and running hours on it.
Fair
The equipment can start and run, but needs to be overhauled or perhaps have parts soon replaced.
Poor
Equipment cannot run without serious overhaul and perhaps is better stripped down as spare parts.