Construction equipment ranks among the most valuable tools in a project, but they can also be the most expensive. However, there are two options you will be faced with if you are in need of equipment—you can purchase new or old. Learn about the advantages of buying new vs. used construction equipment ahead.
Benefits of New Constriction Equipment
- Less Trouble- When you operate with used construction equipment, you are far more likely to run into issues as opposed when using new equipment. Reliable equipment is a huge factor in constriction when downtime can be detrimental to a project. To reduce the number of potential breakdowns, new construction equipment is the better option.
- Warranty- What’s great about new construction equipment is that it usually comes with a warranty. So, if a breakdown were to occur that results in serious damage, you can be covered with a warranty.
- Up-To-Date Technology- New construction equipment also comes with the benefit of having the most up-to-date technology. Heavy equipment is always evolving for the better and new technology can improve efficiency, increase safety, and more.
Benefits of Used Construction Equipment
- More Affordable- the number one reason why many construction companies will go with used equipment is that it is a great way to cut costs. Every company could always use more money, so this is both a simple and enticing benefit.
- Avoid Depreciation- Another major benefit of operating with used construction equipment is that you avoid deprecation. Therefore, you can end up saving thousands of dollars as long as you keep up with important maintenance for your excavator, bulldozer, backhoe, or any other piece.
- Lower Insurance Costs- in addition to paying less for the piece of equipment itself, you also are bound to get lower insurance costs with an older piece of machinery. So, not only will you get protection, but you won’t have to pay as much for it, which is a huge plus.
Those are some of the advantages of buying new vs. used construction equipment that you should take note of. Ultimately, you should go with whatever option appeals the most to you.