Purchasing Used Construction Equipment in 2021
The current financial climate has prospective buyers turning to Used Equipment
The current financial climate has seen reduced budgets for new capital equipment, making Used Equipment a more attractive option for prospective buyers.
What are some of the key parameters a prospective buyer should look out for when selecting used equipment?
· Brand preference
· length of contract
· production environment
Once that requirement is clear then settle on a budget and start the acquisition process.
What are some of the possible deal killers in buying used equipment – things that should make one back away from a used machine?
Lack of service records, clear ownership and proof of settlement. To progress with the deal a good live test should be conducted with the machine’s condition to tie up with the recorded operating hours.
How important is it to buy from a reputable supplier when it comes to used equipment?
Buying from a reputable supplier is of paramount importance, particularly in the current environment where the market is flooded with machines and deals are often done remotely without seeing the equipment.
What are some of the advantages of going the used route?
Used equipment is often just the right budget fit for a limited, short duration contract. Good quality used equipment with low operating hours may also be an easier entry into the market for start-up companies with contracts where proof of machine ownership is a requirement.