For construction professionals and equipment buyers, investing in a used excavator is a significant financial decision that can impact both the efficiency of your projects and your bottom line.
It’s a purchase that requires careful consideration of various factors, from the state of the machine to the trustworthiness of manufacturers. In this comprehensive guide, we’ll walk you through the essential steps needed to ensure you make the best possible decision when purchasing a used excavator.
1. Research and Preparation
Before you start shopping, doing your homework is crucial. There is a wide variety of excavators in the market, each specialized for different projects from sewer repair to carrying sand or dirt.
Factors such as the type of work, the site terrain, and the intended application should influence your decision. Luckily, all of this information can be Googled and pulled up in your browser in seconds.
Types of Excavators for Different Projects
Mini excavators work well in tight spaces and are great for light-duty excavation work, while mid-sized models are more versatile and can handle a variety of tasks. For heavy-duty excavation, you may want to consider larger models with higher horsepower and digging depth.
What are Other Types of Excavators?
Other popular types include long-reach excavators for deep digging, wheeled excavators for mobility, control, and speed, and dragline excavators for mining operations.
Understand Specifications That Matter
Familiarize yourself with key specs like engine rating, hydraulic power, dig depth, and operating weight. These specifications will point you toward the excavator that can handle your project requirements.
What are Some Other Vital Specifications to Consider?
Other important specifications to consider include bucket capacity, arm length, and swing speed. Additionally, be sure to check the condition of the undercarriage, as it can greatly impact the machine’s overall performance.
Setting a Realistic Budget
Your budget will dictate whether you’re looking at older, more affordable models, or later models with advanced features. Once you’ve set a budget, research to find the average market prices for excavators within that range.
Do note, that your location can influence the market price of a used excavator- for example, if you live in the Portland metro area, but are looking at excavator auctions in Nevada, the prices may not be the same.
2. Inspection Checklist
When inspecting a potential purchase, close attention to detail is your best friend. A thorough inspection can reveal underlying issues that might not be immediately apparent.
Look for Signs of Wear and Damage
Begin by examining the exterior for any physical damage or signs of repair. Dents, scrapes, and fresh paint can indicate a rough past. Inspect the tracks for wear, as they are costly items to replace, and check for any leaks around the hydraulic components.
Inspect the Working Components
The boom, stick, and bucket should move smoothly without any hesitation or unusual noises. Check the condition of the teeth on the bucket, and ensure all the fittings and cylinders are in good condition.
The Importance of Hydraulic System Inspection
The hydraulic system is the lifeblood of running the excavator and any issues here can be quite serious. Look for leaks and operate the excavator in all modes to ensure consistent performance.
3. Test Drive and Operation Checks
Nothing beats a hands-on experience. A test drive allows you to experience how the excavator handles and how the controls operate.
Operate in Various Conditions
If possible, operate the excavator on different surfaces and in various weather conditions. This will help you assess how the machine handles different elements and challenges.
Conduct Performance Checks
Test the machine’s abilities with a variety of tasks. A well-maintained excavator should be able to handle each task with ease, from digging to lifting and loading.
Pay Attention to Operator Comfort
A comfortable operator is a productive one. Sit behind the wheel and rest in the cab for a while to check ergonomics, visibility, and the condition of the controls.
4. Maintenance History and Seller Verification
A careful review of a machine’s maintenance history can give you insight into its past performance and care. Equally important is the need to verify the seller’s credibility.
The Significance of Detailed Maintenance Records
An excavator with a documented service history is more likely to have been maintained and can give you some peace of mind about its longevity.
How to Verify the Seller
Buying from a reputable dealer provides some level of assurance, but if you’re dealing with a private seller, ask for references, the reason for selling the item, and information about their ownership history with the machine.
Actionable Tips When Verifying the Seller
Always conduct some background checks. Look up the company or individual online and seek out reviews or complaints. If something doesn’t feel right, consider walking away.
5. Financial Considerations
The true cost of ownership goes beyond the purchasing price. You will want to consider other financial aspects to ensure the long-term viability of your purchase.
Financing Options for Used Equipment
Research financing options available for used equipment. Some dealers offer financing or leasing plans that might be more beneficial than traditional loans.
Cost Savings Strategies
Negotiate the price, but also consider any extras the seller might throw into the deal, like warranty, service agreements, or the provision of necessary attachments or tools.
Plan for Future Costs
Even well-maintained excavators will eventually need repairs or replacement. Consider setting aside funds for these future expenses or investing in a warranty to cover unforeseen issues.
6. Safety First
It is crucial to prioritize safety when operating an excavator to avoid accidents and injuries. Before using the machine, ensure that all necessary safety precautions are in place.
Proper Training and Certification
Operators should be properly trained and certified in the safe operation of excavators. This includes knowing how to handle emergencies and understanding the machine’s limits.
Regular Maintenance and Inspections
Regular maintenance and inspections are not only important for the excavator’s performance but also for ensuring its safety. This includes checking for wear and tear, leaks, and any other potential hazards. It is essential to address any issues immediately to prevent accidents or breakdowns during use.
FAQs
How many hours are considered high for a used excavator?
Generally, around 10,000-12,000 hours is considered high for a used excavator. However, this can vary depending on the model and maintenance history.
Can I bring in my mechanic to inspect the excavator before purchasing?
Yes, it’s always recommended to have a professional mechanic inspect the excavator before making a purchase. They can catch any potential issues and give you an unbiased opinion on the condition of the machine.
Are there any red flags to look out for when buying a used excavator?
Some red flags to watch out for include extensive physical damage, discrepancies in the maintenance history, and a seller who is not willing to provide necessary information or allow for a proper inspection.
Can I purchase a used excavator online?
Yes, you can purchase a used excavator online from reputable dealers or auction websites. However, it is recommended you wait to inspect the machine in person before making the final purchase.
How do I know if the excavator has been properly maintained?
Looking at detailed maintenance records and conducting a thorough inspection can give you an idea of how well the excavator has been maintained over the years. You can also ask for a history of any major repairs or replacements.
Can I negotiate the price on a used excavator?
Yes, it is common for potential customers to negotiate the price of a used excavator. Researching market prices and using any potential issues found during an inspection as bargaining points can help in negotiations.
Are there certain brands or models that are better to buy used?
This can vary depending on individual experiences and opinions. It’s important to research and compare the quality, reputation, and reliability of different brands and models before making a purchase.
Can I lease a used excavator instead of buying it?
Yes, leasing can be a cost-effective option for acquiring a used excavator. However, be sure to carefully review the terms of the lease and consider any hidden fees or restrictions.
How often should I service a used excavator?
Regular maintenance is crucial for keeping an excavator in good working condition. It’s recommended to follow the manufacturer’s recommended service schedule, but also keep an eye out for any potential issues that may require more frequent servicing.
Can I get a warranty for a used excavator?
Yes, some dealers may offer warranties for used excavators. It’s important to carefully review the terms and coverage of the warranty before making a decision.
Can I test drive a used excavator before purchasing?
Yes, it is recommended to test drive the excavator in various conditions and modes to ensure its performance meets your needs and expectations.
What should I do with my old excavator if I’m purchasing a used one?
You can sell or trade-in your old excavator to offset the cost of the used one. Alternatively, you can keep it as a backup machine or for parts.
Are there any additional costs when buying a used excavator?
Aside from the purchase price, you may need to budget for transportation costs, registration fees, and any necessary repairs or replacements. It’s also important to consider ongoing maintenance and operational costs. Luckily many auction houses offer an array of services to ensure the smoothest transaction possible.
Conclusion
By focusing on the seven considerations outlined, you can approach your search on the used excavator market with confidence. Thorough research, meticulous inspection, and a focus on the long-term implications of your purchase will help ensure that you acquire a reliable machine that suits your project’s needs.
Purchasing a used excavator can open numerous opportunities for growth and efficiency in your construction endeavors. Take the time to explore the market, inspect your options, and make an informed decision. Remember, when it comes to used equipment, the extra effort in preparation can guarantee your own customer satisfaction- saving you time, money, and headaches down the line.
Looking for your next excavator? Look no further than Central Auction Group. With 25 years in the industry, we offer a vast selection of high-quality used excavators and other equipment.
