Are you considering purchasing used construction equipment as opposed to purchasing brand new construction equipment for your upcoming project? When evaluating your purchase decision when it comes to purchasing used machinery for a project, it is important to understand your requirements properly before making the decision. Criteria such as operational hours, an overall performance requirement, ROI, etc. are important to consider as it is the best way to ensure you get full value from your purchase.
Here are 5 advantages of purchasing used construction equipment to make your buying decision easier:
- Reduced Acquisition Costs
When you buy a brand new piece of construction equipment, not only are you paying for the machinery in question, but you also have to account for the additional costs that are involved, such as its operational licenses, road tax (in case of drivable machinery), additional accessories etc. However, in case of pre-used construction equipment, it usually has all the paperwork and additional gear in place, where all you have to do is inspect the machine properly and pay the price demanded, thus cutting down the overall cost of acquiring it!
- Get More Value for Money
Apart from lower acquisition costs, you can also get more value for money by purchasing used construction equipment. Say for instance, your requirement is that of a high end mixer, but your budget can only accommodate an averagely rated one, in such cases, you can simply go online and look up digital platforms which deal with the selling and buying of used construction equipment where you will be able to find the model you want and since it is pre-owned, you will be able to negotiate and get it at the price that you can afford.
- Wider Range of Choices
Technology is rapidly evolving which means that older technology becomes obsolete quicker. In such a dynamic environment, it is pointless to invest in heavy duty construction machinery as newer models keep coming into the market. So, rather than putting in money to purchase one item, you can allocate that money wisely and use it to purchase second-hand construction equipment, use it till the completion of one project, sell it off and buy an updated model for the next project.
- Enhance Cash Flexibility
By purchasing used construction equipment, you will also able to minimize the initial investment, making it easier to acquire. Lower acquisition costs also opens up your financing options as it will tie-up lesser funds. This way you can even choose to take up a loan to purchase the equipment if you don’t want to dip into your existing funds and you can pay it back as soon as you hit your breakeven point.
- Reduce Your Carbon Footprint
Last but not the least, buying used equipment wins you green points too because this automatically helps you reduce the amount of industrial waste generated by your organization. This also helps boost your CSR activities and the recycling and upcycling of pre-owned construction equipment helps you reduce your company’s carbon footprint!
As you can see there are multiple benefits of purchasing used construction equipment and machinery, however, it ultimately depends on what your expectations are and the operation efficiency required. So, take the time to evaluate your options carefully and make your decision wisely!
If you are looking for more information pertaining to the benefits of purchasing used-machinery, call our experts on +91-992-599-6774 and let them guide you through the process!