Given a chance, who will not like to buy all the heavy equipment or trucks new? It has got the shiny and new factor, doesn’t have any scratch and ding over it, and latest bells & whistles – and not to mention “new equipment smell”. However, all that comes with a significant price– both upfront in the sticker price & taxes, as well as hidden in the depreciation. Cost aside, with a lot of quality used heavy equipment for sale in the market at a given time, there is not any need of buying anything new. Here is a look at some benefits to buying the used equipment & trucks over the new ones.
Lower expense
Buying the new equipment piece is a significant investment that will easily eat up your money better spent over the second piece of machine, attachments, and maintaining the equipment that you already have. The cost of a new piece of the equipment can equate to two and more used pieces, which depends on demand and availability. See the used equipment selling costs from the past 2 years with a free account on the website.
Avoid initial depreciation
The new heavy construction equipment & trucks are not any different than the new cars in that a minute you drive it off a lot, they will depreciate in the value –20 – 40 percent in its first 12 months! Purchasing used equipment and trucks and you are avoiding the initial depreciation.
Minimal depreciation – Moment you buy a new vehicle or drive this off a lot, the value significantly depreciates. When you are spending more than $100,000 on the single machine, the amount of its resale value drops within a matter of some moments is tough to swallow. Flexibility to resell the equipment for very little or no loss in case you want the different model is an often-overlooked benefit for buying the heavy equipment for sale.
Higher cash flow: The heavy equipment generally accounts for the huge percentage of spending budget for a lot of different industries. So, by selecting the used products when applicable, you may preserve the available capital as well as direct this in other ways for growing the business. No matter whether you are hiring the employees, investing in the new technologies, and buying the work tool attachments, it is useful to know funds can be there whenever you want them.
Environmental sustainability: This may not be at a top of the list of benefits of the preowned construction equipment however, buying used is a greenway for you to go. The used market helps to limit the number of products that have to get manufactured every year when you are reducing material waste & carbon emissions. Also, there is something satisfying of getting most out of the machine before you send this off to a scrapyard for recycling.
Like you can see, the choice between buying the new or used construction machines is not as & and dry as some people may think.
You might think you will use the equipment piece a lot, and based on current projects you are contracted for, however, if an economy is in the bad spot (it is now during Covid-19), there is a higher likelihood that jobs might dry up. Renting during the economic uncertainty generally saves you sinking money in the expensive machine, which might end up sitting on a lot more than you have expected.
What type of rental businesses is accessible to you? There’re the online marketplaces that connect you out with the dealers over the country, and the smaller local dealerships, which you can contact directly. You will have to know what outlets are accessible to you, or what specific equipment the dealers offer. Suppose finding and acquiring the niche machine proves the continued hassle, then buying can be worth a headache it will save.
