Construction equipment can be punishingly expensive, particularly for small businesses or those just starting operation. This can be a very large investment and can hamstring a new operation, and lead to less budget left for employees, marketing, debt repayment, and other basic business expenses. A great solution for many is to buy used. Here are a few reasons to consider looking at used construction equipment for your business.
As mentioned before, the cost is a primary driver for buying used equipment and can't be overlooked. Used equipment is much cheaper than new, even if only a few years old or lightly used. This can be expanded upon by looking for liquidation sales both of equipment dealers and of other construction companies. These, while incredibly variable, may allow for the purchase of used equipment at an even lower price point. Online auctions and government liquidation sites are also very effective ways to source good quality used equipment.
Availability of Parts
Older equipment is much more likely to have a thriving parts business; new equipment may not have that situation. Being able to source and acquire replacement parts easily is a huge benefit, and likely to save you some money as that secondhand parts market is much likelier than OEM parts provides to have the parts you need at a reasonable price. Parts inventories are likely to be both widespread and deep, leading to quick and cheap repairs and modifications.
Simplicity of Repair
Equipment wears or and is damaged over time, and while some might see this as a downside to used equipment, the significant upside is that older equipment is almost surely going to be simpler and more straightforward to repair. The methods are well known, mechanics are experienced on the specific quirks of the machinery, and parts are easy to find, all of which lead to shorter downtimes, cheaper repairs and cost savings across the board. This is also a huge benefit when working further away from civilization, as repairs can be done in the field, with on-site fabrication and repair without having to get a third-party repair service involved. Older equipment also usually has fewer electronic components which require specialized tools and equipment to diagnose and repair.
Issues Are Known
All machines have their own quirks and issues that can make them more or less effective or durable. Being first in line to find these quirks is often expensive and detrimental to the business. Allow others to beta-test new models to avoid this.
Contact a company like OEM Replacement Parts for more information and assistance.