Important Benefits of Buying Used Construction Equipment
How do you ensure that you get the most equipment for your money? Used construction equipment is a great way to save a lot of money on a new piece of equipment. They can be very reliable and rugged in construction site applications, when compared to building new pieces of equipment.
Construction equipment leasing is yet another way to stay financially solvent. Some companies may not have the budget to purchase a large fleet of new excavators, cranes, and other heavy equipment. However, spending a small amount on buying used heavy equipment also has its own advantages.
There are many advantages to buying used construction equipment.
Help Save Money
The major advantage of buying used equipment is that you can reduce your costs without compromising on the capacity of the equipment. Buying used construction equipment can sometimes be cheaper than buying new equipment.
In many cases, the cost of buying used equipment and installing it in your existing infrastructure is cheaper than purchasing new equipment. A single piece of equipment may cost more than the entire bill to set up a new factory.
If you are a small business and wish to start a small fleet, your capital expenditure can be easily controlled by buying used equipment.
Avoid the Depreciation
If you buy a new piece of equipment, it will depreciate as soon as it rolls out of the warehouse. The day you sign on the dotted line and take possession of it, the equipment will depreciate from its original cost.
Depending on its age, it can depreciate anywhere from 30% to 50%. When you buy used equipment, you avoid paying for the depreciation amount. It will be cheaper for you to buy used equipment than to buy new equipment.
You can add more equipment to your fleet without worrying about spending extra money on depreciation.
Offer Lower Insurance Costs
Insurance on a new piece of equipment will be expensive, especially if you buy it from a construction equipment dealer. However, the cost of insuring a used piece of equipment will be less. Some equipment dealers may completely waive off the insurance for the equipment, when you plan to buy used equipment.
You will not have to worry about allocating higher premiums on your building insurance. Usually, insurance companies also prefer used equipment as they are lower on insurance costs, compared to equipment that is brand new.
Ensure Reliability
A used piece of equipment will be more reliable when compared to a new piece of equipment. When you buy used equipment, you ensure that it has already completed its warranty period. Most manufacturers will offer anywhere between two to five years of warranty on their heavy equipment.
In that period, you will be free from the risk of expensive repairs, if the equipment breaks down. When you buy used equipment, you will be able to save a lot of money on repairs.
If you buy used equipment, you will not face any heavy repair costs. A used piece of equipment may not be as comfortable as a new piece, but it will definitely be a lot more reliable.
Provide Ease to Buy and Resell
Used construction equipment can also be easily bought and resold. If you are planning to buy used equipment, you can directly go to a construction equipment supplier, who will sell you the equipment at a reasonable price.
You can also find used equipment at construction equipment auctions. Depending on the kind of equipment you are looking for, you can find the right kind of equipment, at the right price.
If you are planning to sell the equipment at a later date, you will be able to get a good price for it. However, you also need to ensure that you really want to sell the equipment at a later stage, before investing in it.
Conclusion
Buying used construction equipment can help save you a lot of money. It is good that you can find many used construction equipment dealers in the market. You can choose the right kind of equipment, depending on your requirements. Used equipment can be a great alternative to spending a lot of money on new heavy equipment. Construction Equipment UK provides used equipment for sale in the UK. We provide a very wide range of used equipment, which can be shipped to you locally. Let us help you save a lot of money on heavy equipment. Contact us today to get started!