Reasons To Buy Used Construction Equipment
Wondering how much you should spend on the construction equipment needed for your next project? Construction equipment doesn’t come cheap and you have to account for it in your budget beforehand or you’ll find your finances spiraling out of control.
One way to save money on your next project is by buying used construction equipment. Though new equipment has its perks, used equipment is nothing to be sneezed at. In the guide below, we’ve outlined why used construction equipment is worth investing in. When you want to check out some quality used equipment in person, head to RECO Equipment at our locations in eastern United States.
Lower TCO
The TCO (or the Total Cost of Ownership) includes the sum you paid for an item upfront as well as how much it costs to operate and maintain it. In the long run, the TCO of a product will always be higher than its retail price. Since buying used construction equipment is always cheaper than buying new machines, it automatically brings down your TCO. Used machines in good shape are way better for your budget than new equipment.
Operator/Technician Ease
A great advantage of new machines is the enhanced features and updated technology. For most operators, however, these additions will be new. That means you have to train them to handle these new machines, which takes away from overall productivity and your budget. The same thing goes for repair and service technicians, who are more familiar with old equipment. Used construction equipment just might make your project finish faster.
Higher Resale Value
When you invest in used construction equipment, you save money by spending less than you would have on a new machine. The biggest depreciation hit takes place within a year of buying a machine. You’ll also have a higher resale value as you can expect to get back closer to what you paid for it, especially if you perform regular maintenance work on it. For the best resale offers, keep a record of all servicing and repair work.
Wise Use of Resources
Nowadays, we live in a world that’s seeing rapid tech developments in all fields. This means a new machine can become outdated pretty soon after you spend a whole lot of money on it. Once you’ve invested that much in a machine, you can’t just give it up when the next one comes along. If you buy used construction equipment, you can use it for one project, resell it, then buy another used (but more recent) model for your next project.
Service & Warranty Contracts
When you purchase from reliable dealerships, like RECO Equipment, they usually offer you a service contract with routine maintenance. You can also ask about any warranty options available for used construction equipment. This way you know there’s help available if you ever need it. Some dealers also offer replacement machines if one has to be sent for more service than can be performed on-site. Ask the dealer about all the options open to you.
More CSR Value
Construction equipment is bulky and complex ─ not something that is easy to engineer and build. By purchasing used construction equipment, you are actually lessening your carbon footprint in the world. You automatically reduce the amount of industrial waste you produce, giving you more green points. This raises your Corporate Social Responsibility (CSR) profile.
When you’re ready to look at some used construction equipment in person, head to RECO Equipment at our locations throughout the eastern US. We have a wide inventory and friendly staff who’ll help you make the right selection.