Buying new equipment allows your company to enjoy all of the most recent designs and advanced technology. It comes with a manufacturer’s warranty and can serve you for a long time, having a significant impact on your cash flow. However, purchasing new equipment requires huge capital, and may take longer to find suitable equipment for your job.
As a result, most people go to used equipment dealers to purchase used equipment at a much lower cost. This option saves you a lot of money that can be used towards purchasing attachments or maintenance costs for your equipment.
Why Buy Used Construction Equipment
- When you purchase a new equipment, it starts to depreciate as soon as it’s out of the dealer’s hand. The rate of depreciation is high for the first 12 months, but it starts to decline in the following months and years. So buying a used piece of equipment helps you avoid high initial depreciation cost.
- The process of acquiring new equipment may take long as it involves order placement and order processing. If your project is time-sensitive, then buying new means you have to wait for the order to be processed. On the other hand, used equipment dealers have ready stock on their lots. As soon as the equipment is delivered on-site, you can start working.
You need a salesperson to help you make the right buying decision -buying new or not.