When it comes to buying an excavator, many customers get stuck deciding between a new one and a used one. While a new machine might seem more appealing, there are plenty of reasons why a used excavator could be the better choice and save you a lot of money. Here are some of the key reasons why buying a used excavator makes sense.
1. Save Money
The most obvious benefit of buying a used excavator is the price. New excavators can cost tens of thousands of dollars, but a used one can be much more affordable. For many construction companies, that money can be better spent on other things, like hiring workers or purchasing materials and tools.
On top of that, insurance for used machines tends to be cheaper, and financing costs are lower too. So, in the long run, buying used can save you a lot of money.
2. Avoid Fast Depreciation
Excavators, like most heavy machinery, lose value quickly, especially new ones. When you buy a new machine, it could depreciate 20-30% in the first year alone. If you decide to sell it after a few years, you’ll take a big hit. A used excavator has already gone through most of that depreciation, so you won’t lose as much value after purchase.
This also means that if you ever want to sell it later, you’ll get a better return on investment compared to a new one.
3. Ready to Use Right Away
Another perk of buying a used excavator is that it’s ready to go as soon as you get it. New machines typically require months of waiting for production and delivery. With a used one, you can start using it right away, which is great if you’re in a rush or need to replace a broken machine quickly.
This helps you avoid downtime and ensures your project stays on track.
4. Performance You Can Trust
When buying a used excavator, you can review its maintenance history and usage records. This gives you a clear picture of how well it’s been taken care of and whether it’s still in good condition. You can make sure the machine is reliable before making a purchase.
If the machine has been well-maintained, it can continue to perform well for many years, often with fewer surprises than buying a brand-new machine.
5. Lower Insurance Costs
Insurance for heavy machinery can be costly. Since a used excavator is cheaper than a new one, the insurance fees are lower too. That means you can save on those ongoing costs and put that money towards other things you might need for your project.
To Wrap It Up
While new excavators have their advantages, used ones offer a lot of value. From saving money and avoiding rapid depreciation to having the machine ready to go right away, there are plenty of reasons why a used excavator might be the better option. As long as you choose a well-maintained used machine, it can serve you just as well as a new one and cost a lot less. So, if you’re looking for great value and reliability, a used excavator is definitely worth considering!
