Are you a construction professional looking to get the most bang for your buck? The answer is to shop for used equipment! Buying used construction equipment is a great way for buyers to save money on expensive new models without sacrificing quality or reliability.
Construction equipment for sale is usually found for sale online or at auctions. Buying used provides many benefits, from saving money (up to 50% or more) to extending your business capabilities. Here’s our top 5 list of reasons why it’s wise to invest in used machinery.
Used construction equipment costs less
It’s no secret that new equipment for sale often comes with a hefty price tag, but purchasing a pre-owned machine can help you save a pretty penny. Used machines may still include additional bells and whistles that would cost extra if purchased new. This means you get to enjoy the same features at a fraction of the cost!
Shopping for used equipment offers you immense variety in size, model type, and age. No matter what type of equipment you’re looking for, such as forklifts, trailers, or tractors, you can likely find one from a used market. Today there are hundreds of sellers with an extensive range of inventory, serving buyers and sellers from all over the world and in all industries from agriculture, forestry, and construction.
Maintenance costs are lower with older construction equipment
Maintenance and repair costs are typically lower with used machines because many of the repairs have been done already, saving you from paying for costly repairs down the road. Plus, if you purchase from a reputable dealer or manufacturer, they will provide you with detailed information on the machine’s condition and service history.
With used construction equipment, you also will have access to a more extensive inventory of compatible parts at much lower prices than new ones. Since older models are usually simpler in design, future maintenance costs tend to be lower when compared with newer designs that may have more intricate parts and systems requiring frequent servicing or repairs.
Help the environment instead of manufacturing new heavy construction equipment.
Buying used construction equipment is a form of recycling and a way for businesses to go green. The manufacturing process for new equipment can have a big impact on the environment, from energy and raw material consumption to water usage and air pollution.
Reusing machinery keeps it from ending up in landfills or being sold and sent off for scrap metal processing, which can be harmful to the environment. By purchasing used machines with existing components, you’ll also be reducing your company’s environmental footprint.
Avoid initial depreciation
Savings occur when buying used equipment because new equipment loses 20-40% of its original value within the first year. Since new equipment depreciates more in the earlier years and less in the later ones, this means that your used equipment has already been depreciated before it was purchased.
Since most of the depreciation has already happened, you get the machine at a lower price without losing efficiency. On top of that, if you ever choose to resell it, the resale value won’t be as drastic.
Ensure a quick delivery of quality heavy equipment
Buying used trucks, trailers, and machinery gives you the flexibility to get whatever you need at any time. It is unquestionably true that new equipment is more expensive and takes more time to obtain than used machinery. And more importantly, construction is a competitive industry that values time and money.
Imagine you need an additional forklift in ten days. Currently, all of your others are in use, and you cannot put them into service. With a used piece of equipment, you can sign a contract that makes it yours virtually immediately, so you’ll have it ready for your project.
This is significant, considering manufacturers currently report the longest wait times in 34 years.
Take advantage of lower insurance
Insuring your construction machinery can be expensive, especially with a new machine. Used heavy equipment also tends to cost less to insure, meaning you’ll be able to save some money while keeping yourselves and the equipment protected from potential losses.
Insurance companies offer lower premiums for used machines because of the reduced risk associated with them. The value of the machine is lower, so in case there is an accident or theft, the damages will be much less expensive than if it were a brand-new model.
Where can I find used construction equipment?
Finding used construction equipment is easier than ever! You can find used construction equipment for sale online, from auction houses, or through a reputable dealer.
Many reputable retailers have large selections of pre-owned machinery, and some local dealers may even offer financing options. As long as you take the time to research and compare your options before making a purchase, you’ll be sure to get the best deal possible on pre-owned machinery.
Conclusion
Buying used construction equipment is a great way to get reliable and quality machines without breaking the bank. You can save money on initial purchase costs, maintenance costs, and depreciation.
Plus, you’ll be doing your part for the environment by reusing machinery instead of adding it to landfills or scrap metal processing. Whether you’re looking for an extra bulldozer on short notice or just want to save some money on a purchase, used heavy equipment really is the way to go!
All in all, investing in a fleet of pre-owned machines is often a wise decision for a manufacturer or any business looking to sell something to maximize its value while still delivering results.
