Purchasing used construction equipment can benefit your company in many ways. While the most obvious money saving aspect of purchasing used equipment over new is the vast price difference, there are actually other benefits to purchasing a used piece of equipment.
First of all, look at buying a piece of construction equipment like buying a car. As soon as you use it on the first job, the value drops significantly. Purchasing a used piece of construction equipment allows you to retain resale value over time, as you will not be faced with the many value drops that occur within the first bit of owning a piece of construction equipment. The best part about buying equipment that can retain its resale value is the freedom you will have to buy and sell equipment as your need waxes and wanes. You will not have to worry about losing a ton of money when you sell a machine you no longer need.
If you are like the average construction company, you probably have a section in your budget allocated for making equipment purchases. You can purchase more machines with this limited amount of money used than new. The machines will likely perform jobs almost exactly the same as the new versions, so they should turn the same profit based on performance. This will leave more money available in the budget to purchase a variety of equipment, which could, in turn, open doors to more jobs. You could also spend this extra money elsewhere within your business.
Also, consider the financing. When you finance a larger purchase, like a new piece of construction equipment, you often end up paying more in interest fees over time than you would when purchasing a lesser priced piece of equipment. Buying used construction equipment lessens what you pay in interest, saving you money in yet another area of your budget.
Used Construction Equipment for Business Growth
One major benefit of buying used construction equipment is the opportunity to take on new jobs. Once money opens up in your budget, you have the freedom to purchase a wider variety of construction equipment. This allows you to take on jobs you might not have had the equipment for previously. This is another way buying used construction equipment allows your business to flourish.
When buying new construction equipment, your budget might limit you to the lesser quality brands. Instead of shooting for the low hanging fruit, use your budget wisely and get the used version of the good brand. Our machines are refurbished so that you often cannot tell they are used. The performance and quality are there, regardless of their used state. Consider purchasing a used machine that is excellent in quality rather than a new machine that might not hold up over time.
Lastly, the waiting period for brand new machines can be long. You should not waste time waiting months for your machines to be manufactured when you could save money and get a quality machine much faster.
If you are interested in purchasing used construction equipment, call us today for more information.
