Buying
used heavy equipment is one good way to get the most for your money. Earthmoving auctions are some of the ways of getting the best buys for the heavy equipment
that you need for your projects.
Buying
new equipments certainly sound better, given that the equipments will be new,
have those “new equipment smell”, don’t have scratches or dents on them and
they come with the latest bells and whistles for the job it was made for.
However,
the costs (up front and in taxes) and hidden depreciation will all add up to
something you would not want at all. The following are some of the major
reasons why there are very good advantages in buying used equipments at
auctions.
Lower costs
Even
setting aside the benefits of lower costs, today’s used equipments for sale
have so much quality in them some can hold their own in work performance with
the latest equipments for sale on the market.
Getting
a new piece of equipment will certainly eat up so much of your investments.
These excess is put to better use in buying a second-hand piece of gear,
attachments, or maintaining equipments you already have.
In
some cases, the cost of one new piece of equipment is equivalent sometimes to
two or more pieces of equipment depending on availability and demand.
The
cost of one new piece of equipment could equate to two or more used pieces,
depending on availability and demand.
Initial depreciation
Buying
new earthmoving auctions is no different from buying a new car. With cars, the
minute you drive them off the lot, they lose a substantial value in the form of
depreciation. It will cost you as much as 20 to 40% in the 1st 12
months.
Used
equipment bought usually from an auction will not depreciate a cent, aside from
the agreed on price.
Steady value
When
bought as new, these used equipments have already been depreciated and
shouldered by their first owners. When bought as used equipment, these
machineries can hold its value if it’s well maintained.
When
it is time to sell, it is possible to get close to what you have paid for, if
you sell it at the right time. This is true especially to a market where your
equipment is in demand. All you need to do is document all service ands repairs
and stick to its regular maintenance schedule.
More choices
Currently,
the global used equipment market is massive as it is which is good news for
buyers. It means there are more choices of equipment than any one brand could
offer.
There
are literally thousands of items available for sale at any given time around
the world whether you are looking some machines for construction,
transportation, mining, oil and gas, or farm equipments. .
Flexibility
There
is much flexibility for your business when buying used equipments. If you have
short term contracts, getting your machines especially at earthmoving auctions,
you can get them relatively quick.
Disposing
of them in such type of auctions gets you fast results too.
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