The Advantages and Disadvantages of Buying Used Equipment
Being familiar with the advantages and disadvantages of used machinery can help you make a more informed decision. That’s why our experts at RECO Equipment have created this guide to discuss a few pros and cons of getting a piece of second-hand equipment.
Read on to learn more, and for more information, connect with our team for a friendly chat. We have dealerships throughout Ohio, Indiana, and Pennsylvania, so reach out today!
The Pros of Buying Second-Hand Models
A Lower Asking Price
Typically, second-hand models come at a fraction of the cost of their brand-new counterparts. This allows you to get a quality used machine at a more affordable price.
More Flexibility
Used machinery is a better option for short-term projects. You can trade your model in after your work is over and recoup some of the money you spent on buying it. As the depreciation value for second-hand equipment is lower, you can recover more money than when selling a piece of new equipment.
A Wider Range of Options
Manufacturers release only a select few models each year. This means that you are relegated to only those models when browsing a new inventory. On the other hand, browsing a used inventory means exploring machines released a year ago to those launched a decade earlier.
The Cons of Buying Second-Hand Models
Longevity Matters
Unless you are getting a lightly-used machine, your model may come with a lower lifespan. If you want your piece of heavy equipment to last for years, explore your options thoroughly before making your final decision.
Limited Warranty
New machines come with some type of factory warranty, which helps skip the hassles of making out-of-pocket expenses for fixing manufacturer errors. However, the transferable manufacturer’s warranty on your given used model will likely be reduced or no longer active. This means that any repairs or parts replacements will mean spending hundreds of dollars right off the bat.
Now that you are more familiar with the pros and cons of buying used machinery, you are ready to explore a few models yourself. Come down to RECO Equipment and peruse our latest inventory of second-hand machines for sale. We are in multiple locations throughout Ohio, Indiana, and Pennsylvania, so stop in today!