Buying heavy and large equipment, especially construction equipment, requires a significant amount of investment. So, it becomes very important to buy the right equipment, at the right cost, that it might prove to be cost-effective and worth buying in the long run.
But before buying any construction equipment, you should always consider a few aspects.
- The machine should be cost-effective. Review all your costs and determine a budget. The machine should not burn a hole in your pocket. If it does, it can’t be worth it.
- If the duration for which you will be using the equipment is less than long term, go in for renting. You will not only save a hefty amount of money, but you can also manage the risks.
Take a Look at the Nitty Gritties
Focusing on storage and maintenance work can also save you some money. You should also consider buying used equipment, though we consider buying from EquifyAuctions.com to be a better idea. Buying from this site will help you get construction equipment that lasts long, and will help you to not worry about any breakdowns.
You can not only have a tax advantage, but can also get a return on your investment, and sooner than later. Although, if you will be using the equipment quite frequently, and for a long period of time, it will be wise to go for a new one.
You will not only get the most recent technology, but will also enjoy a full warranty period. You will also be benefited from the technical support.
Top tips to help you Purchase Right
When considering new construction equipment, take heed to the following:
- The seller: Finding the perfect seller is not an easy task. Always look for the most reputable one, and don’t settle for less. Try to get feedback from other buyers. Also, don’t forget to see the seller’s inspection reports.
- Brand: Always go for the more well-known and reputable brands. Do quality research on different ones; take feedback from other buyers as well. Go for the brands known to be durable and reliable. Carefully check the customer care services, additional or hidden charges, warranty period, and exchange or return policies of the brand.
- The warranty period: There should be enough of a warranty period on the equipment.
- The latest technology: The equipment should not be outdated. It should match the latest technology and standards.
Tips to buying used equipment
- Equipment history: Before buying used equipment for construction work, the most important and foremost thing is to consider its history. Make sure there are no liens against it, and that it’s not stolen. Ensure that the necessary documentation is in place that proves there are no liens. Shop with someone you trust to avoid receiving stolen goods.
- Warranty: Try to find equipment that’s still under warranty. Lots of construction and earth-moving machines have fairly long warranty periods, in either years or work hours.
- Test drive: Don’t consider buying any construction equipment until you’ve taken it for a test drive. If a seller refuses to the testing of the equipment, walk away. During the test drive, don’t forget to check for any unusual sounds of knocking, creaking or squeaking, whining or singing when the machine is in motion.
- Operational hours: Always check how long the equipment has operated for. It will be better staying away from equipment that has crossed its limits.
Before buying any used equipment, always do a quick cost/benefit calculation, as it will help in determining if the money you’re saving is going to be worth the additional maintenance cost of taking care of it in the long run. Ensure that regular maintenance has been performed on the equipment.
- Condition: Give the product a thorough inspection, making sure to check for leaks, any damage, and signs of how well it has been looked after. Look out for hairline cracks, rust, or any other wear and tear that may lead to a major breakdown in the future. If you have to repair heavy construction equipment often, it won’t be profitable.
Don’t go for equipment that has weld marks all over it (or anything of the like). Weld marks on the body, or a new paint job, might be signs that the machine was damaged. No matter how good the repair job, this may affect the longevity of the equipment.
Also, don’t forget to ask the seller if the machine has had any new parts installed; this can help to extend the life of the machine.
- Discontinued brands: Avoid brands that have been discontinued. It will be harder to get replacement parts when you need to make repairs.