Tips for buying used equipment
Are you buying used equipment?
Believe it or not, buying industrial construction equipment is a lot like buying a car. You can buy a relatively new car in ready-to-go condition
or you can purchase a “fixer upper” if you have the staff to do the maintenance or adjustments required. It is
about the the same with construction equipment.
When buying equipment from surplus capacity they normally can be found: used (from 1 month to 10 years old), New(or “as new”) from cancelled, advance or advanced orders, refurbished/overhauled or “as-is, where-is”(at the purchaser risk) mainly high houred or damaged
equipment. And just like cars, new and low houred equipment will be more expensive than high houred, older
units.
Likewise, when thinking about the kind of vehicle you need, some factors are key drivers for choosing between a car and a truck. The same happens with construction equipment.
Critical factors such as availability and rapid delivery are principal advantages when considering equipment from surplus capacity, but there are other additional advantages
such as low cost and general knowledge about the equipment
performance.
Many of these units can be purchased with 6 month warranties at a very good price and in ready-to-go condition.
However, it is usually a good idea to go with a trusted manufacturer. For example on diesel units it may be Caterpillar, Cummins, Detroit Diesel, Kohler, Wartsila, or Deutzand and a few others.
Warranties and pre-evaluation:
If you are purchasing pre-owned equipment, you may not be able to get much in the way of a long-term warranty. However, depending on the equipment you can many times get a guarantee or limited warranty for a short term period. Most sellers who are true professionals that properly test and maintain the equipment will provide a 30-90 day guarantee. In addition, overhauled or zero houred equipment can be provided with a 1 year warranty.
Many times the equipment is available in a “as-is where-is” basis (at the purchaser risk) so in these cases it’s strongly advisable the purchaser to take its own staff or hire a professional evaluator to deploy a technical evaluation of the plant and review and set realistic target prices on the available equipment.
We hope you enjoyed this post. Please let us know your comments at:
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Related article: Buying Used
Power Equipment
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Buying Used Equipment?
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