Construction projects require significant investments of both money and time. From documents, specifications, contracts, equipment, and everything in between, each project can be time-consuming and expensive. This means you’re likely looking to spend as little time and money as possible when shopping for new construction equipment. Learn more about the four main benefits of buying used construction equipment instead of purchasing new. Download the OLI app now!
Lower Purchase Price
Construction projects are expensive as it is, so why not save some money where you can? When you shop used instead of new, you can look forward to a lower purchase price. It’s estimated that once any type of heavy machinery is used, its value drops by approximately 20 to 40 percent, which means a significantly reduced purchase price for buyers of used equipment.
Minimal Lead Times
Longer lead times are becoming a more common occurrence when it comes to brand new construction equipment. If you purchase used, however, you won’t have to worry about these lead times, as the construction equipment is already readily available to use.
Depreciation and Resale Value
Buying used construction equipment can be really beneficial if you decide to resell as well. As mentioned above, used equipment depreciates quickly, which offers lots of potential savings when it comes time to pass your equipment off to a new buyer. Because your used construction equipment will continue to depreciate, your future selling price will be a fraction of the purchase price if you were to buy new. So, when you buy used construction equipment, you’re already buying at a discount where the largest depreciation has taken place, which means that the cost for you to resell is smaller.
Minimizes Waste in Landfills
Purchasing used construction equipment helps reduce waste and promotes environmental sustainability. Buying used helps reduce the number of machines manufactured each year, and it also prevents large pieces of equipment from ending up in landfills.
Next time you’re in the market for construction equipment, keep these advantages in mind and consider purchasing used. You may be surprised at how much you can save. Visit us online today to download the OLI app, and discover how easy it is to buy and sell construction materials at the touch of a button!
