It can be hard to earn the money you need when your company is spending all of its earnings on construction equipment purchases and rentals. Purchasing construction equipment is pricey enough as is without the inflated costs of new models. If you want to save money in this area, you should consider purchasing used construction equipment from us here at NLEQ.
There are benefits to buying some things new like getting the latest model right away. You can also rely on the fact that nobody has repaired the machine incorrectly or modified it against your wishes because you can count on the fact that it has never been repaired before. But when you are juggling the high costs of boom lifts, backhoes, carry decks, scissor lifts and telehandlers, you need to ask yourself if these benefits of purchasing brand new construction equipment are worth it.
In our eyes, they are not. While you may not be able to get the latest model right away, we offer a wide range of recent used models for sale. Often, upgrades on big machines like telehandlers and boom lifts are quite insignificant to the functionality of the machine. If you have your eye on a particular upgrade and that upgrade is worth the new price to you, go for it, but this rarely happens.
While our machines are used and may have been repaired by others in the past, most machines have a record of those repairs. In many cases, these records are not even necessary for you to ensure the machine’s safety and productivity as most of our machines come refurbished to some degree. There should not be any problem with the used construction equipment you purchase from us when you purchase it, as all repairs known to be necessary have already been completed by our trustworthy mechanics.
When it comes down to it, buying a used machine is generally cheaper than buying a new machine by such a drastic amount that this cannot be overlooked. Mandated changes involving emission regulations and Tier 4 engines have caused the price of brand new construction equipment to skyrocket. Just like the value of a car drops when you leave the lot, the value of your construction equipment depreciates by twenty to forty percent during the first use. This is a loss that often fails to make much sense in the business world. If you buy a piece of equipment for 500,000 dollars, you could be losing over 100,000 dollars during your very first job. This is money that could be saved and put to use in other areas of your company if only you purchased used construction equipment.
When considering the price difference between used construction equipment and new, you also have to take a look at interest on financed purchases. While this is a financial obstacle you will likely face when purchasing both used construction equipment and new, these charges will increase the higher the initial price of the machine is. Purchasing used construction equipment at a lower price often saves buyers money when it comes to interest.
If you are interested in saving money by purchasing used construction equipment, give NLEQ a call today.