Buying new construction equipment is appealing for many reasons, but it has one major downside—the outrageous cost. When it comes time for you to add to your fleet, save on that exorbitant cost by purchasing used construction equipment.
These days, it is quite easy to get quality construction equipment that has been gently used. The cost is considerably less than that of new equipment, but you do not often have to compromise on performance. In fact, the cost of one piece of new construction equipment is often around the price of two used pieces. Needless to say, you have the potential to get a lot more bang for your buck when you opt for used equipment.
When you buy new construction equipment, you face the same dilemma as when you purchase a brand new car. As soon as you purchase the piece of equipment, the value depreciates by between twenty and forty percent. That is the value you will never be able to get back.
When you buy used equipment, however, the resale value remains relatively the same as long as you provide proper maintenance. You do not have to face the initial depreciation, and you can sell the equipment when you no longer need it for near to what you originally paid. Of course, the value you receive depends on when you sell and to what market. The best way to ensure a high resale value is to provide stellar maintenance that is well documented over time.
This may come as a surprise to some, but the used construction equipment market actually provides more options than the new market. If you are looking for a specific make and model, the chances of you finding it used are much greater than the chance of finding it new. Here at NLEQ, we offer a vast inventory of used construction equipment. You are likely to find the exact make, model, size, and attachments you need through our store.
Another benefit to purchasing used construction equipment over new construction equipment is the flexibility. When you buy used equipment, you are usually able to sell without losing much money easily. This means that whenever you have a job on hand that requires a specific piece of equipment, you are able to get that equipment for the duration of that job. You will then be able to sell that equipment after the job, using that money to buy the next specific piece of equipment you need for yet another job.
With this system, you are likely throwing away a lot less money than you would by renting. Purchasing used construction equipment opens up many possibilities. When you allow yourself to purchase used construction equipment, you are no longer limited to jobs that require only the equipment you already have in your fleet. You have a lot more options, which can permit business growth.
If you are interested in taking a look at our used construction equipment, contact us today. We look forward to helping you find what you need.