Key Benefits of Buying Used Construction Equipment

Posted on 05 January 20

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Are you looking for buying used construction equipment? If yes, first of all, know your construction machinery and other heavy equipment requirements, analyze their usage, and expected benefits out of it. There are some crucial elements of buying used construction equipment like ROI, Operational hours, and Overall performance. It has been noticed that many companies including contractors prefer going for used construction machinery rather buying it. A hasty decision of buying new construction equipment can undoubtedly block a good amount of money unnecessarily. 

Before you proceed to buy any type of used construction equipment, consider the below described benefits for the future course of action.

Top Benefits of Used Construction Equipment

  • Reduced acquisition cost

When you are going to buy used construction equipment, you are not only buying a machine but there are some other considerations attached to it like Operational license, additional accessories, road tax, etc. You have to perform some paperwork and additional things associated with it. Inspect the machine and evaluate its present condition and quote a price and finalize it with bargaining.

As per estimates, buying used earthmoving equipment reduces the cost of the machine by 20-40% or maybe lesser depending upon the condition of the heavy equipment. Although, there are various other costs associated with them like insurance, taxes and interest charges which increase its cost but still it is considered best if you wish to reduce the cost for buying used construction equipment.

  • More value for money

By purchasing used construction equipment, you get more value for your money. Let's suppose, you need a branded new high-end mixer at an average cost then you must visit the digital online store that facilitates buying and selling of used construction equipment. Here, you can find a model of the machine in multiple options in different working conditions. You will have more options for the product and can easily bargain and get used construction equipment at a lesser cost.

  • Wide range of choices for used construction equipment

Technology is changing rapidly and obsoleting the value of older technology construction products. So, investing in new technology products with high value is not a wise decision. So, rather buying new construction machines, it is better to consider buying used construction machines online 24x7. For instance, in the Middle East, the Caterpillar 966G or 966H are popular than newer models like the 966L since the technology is simpler for operators based in the Middle East even though the 966L has superior technology. 

You have various online platforms for buying used construction machines such as PlantAndEquipment.com. This allows users to choose multiple options to purschase a single product as there are different sellers with whom you can bargain to buy your required durable construction equipment for your business. Sometimes, you even get the latest construction model machines with less usage at bargained prices. It gives you instant money saving and also advanced machines as well. There are different machine types, manufacturers, and models you can choose. This is optimized thanks to PlantAndEquipment.com filter options that can narrow down to your specific requirements. 

  • Flexibility in Heavy Equipment 

With new heavy machinery, there is some waiting time involved for getting the order delivered as it requires preparation of the machines. But with buying used construction machines, you don’t have to wait for the machine and get the machine delivered within less than a week. 

Also, there is a high demand for used heavy equipment and it is wise to get a used construction machine and save money on insurance, maintenance, and storage costs. You can minimize your investment by purchasing used equipment. Also, you can take a loan for your used construction machine and increase fund flow for other business needs which has better returns.

  • Reduce your carbon footprint

By buying used branded construction equipment, you help in minimizing the number of used machine lying unused as there are lots of used machines kept in the different junkyard resulting in the increased recycling cost. With your efforts, you can utilize the machine and reduce the industrial waste amount. It also boosts your CSR activities and buying a used crane, lift, excavator and other machinery also reduces your company’s carbon footprint. Although, there can be multiple benefits of a used machines but evaluate your needs, check the present functional condition of the machine and then decide the price to avoid any kind of disappointment.

  • Better resale value

Used construction equipment like wheel loaders, motor graders, skid steers, etc. has good resale value too. Every machine has its life cycle and depreciation associated with it. Whether you buy a new one or used, it will have depreciation and reduce its value over time. The value of the machine is calculated on its model and present condition. If you buy used construction machines, you automatically reduce your depreciation cost and it helps in better cash flow as well because you buy them at lower prices. You also need to know how to best maintain it for maximum utilization and take advantage of duration benefits.

  • Easy to operate

The workers are familiar with older or used machines as most of the people know how to operate them, but new machines have different guidelines and it takes time to learn effective usage. Also, new machines have high investment while used construction machines have lesser cost. For new machines, you need to spend time, money, and efforts to train your employees. But used construction machines have no such cost associated with them. 

  • Reliable warranty and discounts

A reputable dealer sells their used construction machines with the help of the online platform and provides complete details about the construction equipment for sale. They offer you a discount and warranty also and sometimes these warranties help you to fight with catastrophic problems. They offer a discount on your purchase of their machines as they require selling their machines in a hurry.

 Conclusion

It is undoubtedly better to go for buying durable used construction equipment for its multiple benefits. Look at the specification of the used machine as per your requirement, demand for trial and discount. Also, consider warranty benefits to save money and thus reduce your purchasing cost. Thus, a buyer can consider the above-discussed benefits associated with purchasing used construction equipment for the guaranteed return on investment most of the time.

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