Let’s face it: construction equipment is expensive. It can be difficult to maximize your business’ profit potential when every nickel and dime has to go toward purchases and rentals. Fortunately, there’s a valuable resource to help you: NLEQ and our inventory of used construction equipment.
Sure, there are some benefits to buying brand-new boom lifts, scissor lifts, telehandlers and other heavy construction equipment from the manufacturer. You can rest assured that the machine is in perfect working order due to the fact that nobody has put it to use yet. You get the benefit of having access to the latest and great technology and features that the manufacturers have produced.
These benefits sound great. Of course, they do as you want to make sure that you have the best equipment for whatever jobs you’re hired to perform. But these benefits come at an incredibly steep cost and truly don’t set the brand-new models that far apart from their predecessors.
Why Purchase Used Construction Equipment?
First, let’s consider the cost of buying used construction equipment versus the cost of buying brand-new and renting construction equipment.
Buying Used vs Buying New
A brand-new piece of construction equipment will cost roughly twice as much as a comparable used model of the same function. This gives you less money to put back into your business and greatly reduces the rate at which you can acquire new machines to perform a multitude of tasks.
When you can buy two used machines for the price of one brand-new machine, you can build a fleet of equipment that will help you to get more work, and quicker.
Brand-new machines are also similar, in a way, to brand-new cars. As soon as you use them once, they depreciate in value by as much as 40%. This makes it more difficult, and even downright impossible, to recover the cost if you ever decide to sell the item. Used construction equipment simply retains its value better than brand-new equipment does.
Buying Used vs Renting
If you only need to use a specific type of machine once or twice for odd jobs, renting might not be too bad of an idea. But if you find yourself in need of a specific type of lift, say a boom lift, rental expenses pile up quickly. If you are going to be performing a number of jobs with the man lift that you’re considering, buying used could save you substantial funds over time.
Now, let’s look at another reason that people often buy brand-new over used construction equipment: reliability.
Used Construction Equipment is Just as Good as Brand-New
When you purchase any telehandler, boom lift, scissor lift or other piece of construction equipment from NLEQ, you can rest assured that you do not have to sacrifice safety, functionality or important technological aspects of the machine.
Yes, we do have many items in our inventory that have been serviced in the past for any number of reasons. But these same machines have been assessed and examined, and at times even totally refurbished, by expert mechanics who pride themselves on producing safe and reliable equipment.
You also do not have to worry about not having access to the latest and greatest features offered by your favorite manufacturers. Many times, business owners will sell their brand-new machines within a year or two. This means that you can save big on a machine that is nearly-new and was simply no longer deemed necessary by its owner.
Browse NLEQ’s vast inventory of used construction equipment today to see how we can save you some serious cash.