As a business owner, your ambition is to make profit. The purchase of construction equipment is a substantial investment, but it doesn’t have to totally drain your business of its profits. Used construction equipment has been the money-saving move of financially wise business owners for years.
Did you know that buying brand-new construction equipment can be nearly twice as much as buying the same machinery used from NLEQ? It can take you years to amass a wide inventory of equipment to tackle the types of jobs that you want to perform for your customers. When you don’t have regular access to the equipment that you need, those jobs go to somebody else – as do your potential profits.
For this reason and many more, buying your construction equipment used is the smartest investment that you can make for your business.
The Overall Cost of Used Construction Equipment
When buying used or brand-new construction equipment, there are numerous factors that must be taken into account when calculating the total cost. This includes the purchase of the equipment itself, interest, taxes and maintenance costs.
Buying more expensive, shiny new equipment obviously comes with higher interest rates, a higher tax and a higher insurance cost than buying used construction equipment. This is money that you could be investing into other aspects of your business if you were to purchase your equipment used instead.
Maintenance costs are roughly the same between used and new construction equipment, especially when you buy your used machinery from NLEQ. Each piece of equipment is refurbished and reviewed by a team of expert mechanics to ensure safety and functionality, as are all of the add-ons and accessories that you could ever need. You do not have to pour hundreds or thousands of dollars more into your used equipment to get it operational. From the second you get it off our lot, you will be able to put that equipment to work!
Used Equipment is a Smart Investment
Did you know that brand-new heavy construction equipment can depreciate in value as much as 40% when it has been used just once? That doesn’t leave you a whole lot of room to recuperate the cost of the machine if you ever decide to sell it.
Used construction equipment, on the other hand, maintains the value that you purchased it at. This means that you can sell your used equipment when it has outlived its usefulness for your business or you have chosen to upgrade. You get a greater return on your investment should you ever decide to sell, which you can then turn around and use toward the purchase of the next item in your arsenal of heavy construction equipment.
To sum it all up, used construction equipment is a financial saving grace for many construction contractors and their companies. If you are looking to save money and make an investment that will help your business to thrive, there is no better option than buying your construction equipment used from NLEQ.