Advantages of Buying Used Construction Equipment

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The Construction Industry

One of the very important industries, the construction and infrastructure industry is booming and requires a lot of machinery and labour. Investing in heavy machinery for the construction site is an expensive thing. The largest employer in the world, the construction industry is always in demand of better and more machinery. In such a situation, buying new equipment all the time will not be feasible. This is where used construction equipment comes into play. Companies want to keep their fleet capacity in full and at the same time don’t want to shell out a lot of money.

The Better Deal

With the prices of everything on a hike, buying brand-new construction equipment is way too expensive. The benefits of buying used equipment are not necessarily limited to lower rates but several other factors as well. Read on to know more.

Least Buying Cost

This is a given. Used machines cost less than new ones. If you are purchasing lesser-used equipment at a lesser price than the cost of the new one, it’s the best deal!

Lesser Lead Time

When you are buying new machinery, the lead time is more. Unavailability of spare parts, delay in shipping, or lack of staff can lead to extensive postponements. In contrast, pre-owned Material Handling Equipment is most often available just about immediately. From buying to installation, the lead time is just two to three weeks in the case of a used one. On the other hand, the lead time of new machinery can expand to six months!

No Initial Depreciation

New heavy construction equipment is not at all different from new cars per se. Once you drive them from the store, their value depreciates by almost 20-40% in the initial years. However, when you buy pre-owned machinery, the initial depreciation doesn’t matter.

More Value

Pre-owned equipment value has descended already in its initial years. Yet, when maintained well, they can hold their value. The fact is, reselling vehicles or construction equipment can get you something closer to your initial cost. However, such prices are available only in markets with a high demand for the machinery.

Flexibility

Buying a pre-owned machine proposes higher flexibility to your organization. Buying used machinery for short-term projects is the best option. Undeniably, buying it is easier in terms of being cost-effective and you can sell it once the work is done, with minimal value depreciation.

Get the Features You Need!

When buying the machinery you require for a specific project, there will be a trajectory of features you will specifically require. Such must-have features are mostly seen in newer used machines. The mechanisms of a pre-owned piece of equipment may be similar to its predecessors in the same model on a year-by-year basis. You can get some of the same functions of the new model, but at a lower price only because you chose to buy a used version.

The Advantage of Available Warranties

When buying used machines, you also get the benefit of already-availed warranties and perhaps insurance. You are in a win-win situation if the equipment is backed with a maintenance plan. A maintenance pack aids you in planning for maintenance expenditures. It includes not only parts and labour, but also elements such as lubricants and supplies. In short, you are secured from the impact of large business expenses, as well as having to deal with small repairs that tend to add up over time.

Wrapping Up

Buying and adding heavy construction equipment to your fleet is a critical decision whether you go with new or used machinery. What is important is that you do your research and make an informed decision. No one knows your requirements better than you do, and only you know what your needs are.