Sometimes it may not be sustainable for your business to purchase new equipment. In this case, you can opt to purchase quality used equipment that costs less money. Doing so will save you thousands of dollars that you can use for equipment maintenance.
The truth of the matter is that not all construction equipment available on the market today are of the highest quality. Rather than spending your money on new but inferior quality equipment, it makes sense to purchase used equipment from a reputable brand. What this means is that you will end up with a top-notch piece of equipment that costs less money. Thus, you will get value for your money.
Better Resale Value
Typically, the resale value of new construction equipment takes the worst hit in the first year. Just like owning a new car, your new construction equipment can depreciate by 20 percent in the first year and slow down in the second, third and fourth year. Therefore, if you are planning to sell your equipment, the future resale value will be smaller than the initial price. However, if you purchase used equipment, depreciation has already been factored in which means that you are saving money.
If you were to purchase a new construction equipment, it would take longer because you have to wait for the equipment to be manufactured. However, if you choose to buy used construction equipment, you would have a better selection that is immediately available.
Things to Look out For Before Buying Used Construction Equipment
Before you decide to purchase used construction equipment in Campton KY, there are several features you need to look out for. The first is the tires and tracks. Check for wear and confirm that the treads are in place. The same should apply to the bolts and tracks. Secondly, examine the chassis to confirm if the equipment is in good condition. Don’t forget to check the hydraulic parts, engine, pumps, and hoses for signs of leaks. Lastly, examine the engine and transmission. You can go with a professional operator to help you examine that the engine is working properly.
Hendershot Equipment has a large inventory of used construction equipment as well as agriculture equipment. Additionally, the knowledgeable staff is ready to assist with your next purchase.
Looking for quality used construction equipment?
Drop by our showroom or call us today!