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Used construction equipment generally comes at a fraction of the price of new machinery, making it an economically viable option for businesses, especially those with limited budgets. Reduced …
Here are some of the key positives with buying used equipment. 1. Price. Using a skid steer as an example, a used machine of the same make, model and type as a new unit will almost always be cheaper.
Part of the issue is how COVID lockdown supply chain interruptions clogged the normal trickle-down of used equipment. "Every year, you should have so many 1-year-old machines come into the market, so many 3-year-old machines, so many 7-year-old machines, all the way down the line," Seymour says. "But right now we don't have that, and ...
When the world's biggest rental company sounds upbeat about sales of used equipment, it's worth taking note. United Rentals describes the current market for used equipment as buoyant.
Falling interest rates and easing supply chain issues have contributed to recent market improvements, Lori Bunger, vice president of sales and used equipment at San Antonio-based Holt , told Equipment Finance News. Having more new equipment allows dealers to expand their inventory mix and appeal to a wider customer base, she said.
With the new-to-used pipeline taking 18 months on average since 2020, contractors have chosen fewer used machines for their job sites, RDO's Director of Equipment …
Reusing late-model machines or finally disposing of obsolete ones is essential for sustainability and financial efficiency in the fast-paced construction sector. Interestingly, the global market for used construction equipment will grow to $231 billion by 2025.
RDO Used Equipment Manager Austin Calavera, who regularly monitors auction inventories and used equipment value, says it is a "buyer's market" at the time of writing this column. However, Calavera reminds contractors that buying equipment at auctions is always "buyer beware." If the used machine breaks once they drive it off the lot, they ...
RDO Used Equipment Manager Austin Calavera, who regularly monitors auction inventories and used equipment value, says it is a "buyer's market" at the time of writing this …
Here are some of the key positives with buying used equipment. 1. Price. Using a skid steer as an example, a used machine of the same make, model and type as a new unit …
Always ask about the certification status of used equipment to ensure it has undergone proper checks. By buying certified equipment, you can feel confident that you're getting machinery …
Why Buy Used Heavy Equipment? When most people think of choosing between new and used heavy equipment, they often focus on the financial aspects. While cost is a huge factor, it is …
When the world's biggest rental company sounds upbeat about sales of used equipment, it's worth taking note. United Rentals describes the current market for used …
Falling interest rates and easing supply chain issues have contributed to recent market improvements, Lori Bunger, vice president of sales and used equipment at San Antonio-based Holt , told Equipment Finance News. Having more new equipment allows dealers to …
Part of the issue is how COVID lockdown supply chain interruptions clogged the normal trickle-down of used equipment. "Every year, you should have so many 1-year-old …
Why Buy Used Heavy Equipment? When most people think of choosing between new and used heavy equipment, they often focus on the financial aspects. While cost is a huge factor, it is only one of many advantages. Check out some key benefits of used heavy equipment below. 1. Lower Upfront Costs. One of the biggest advantages of choosing used heavy ...
Always ask about the certification status of used equipment to ensure it has undergone proper checks. By buying certified equipment, you can feel confident that you're getting machinery that has been well-maintained and is ready to perform. 5. Evaluate Pricing and Value. Price is, of course, a major factor when buying used construction equipment.
Reusing late-model machines or finally disposing of obsolete ones is essential for sustainability and financial efficiency in the fast-paced construction sector. Interestingly, the …
With the new-to-used pipeline taking 18 months on average since 2020, contractors have chosen fewer used machines for their job sites, RDO's Director of Equipment Valuation Craig...
Used construction equipment generally comes at a fraction of the price of new machinery, making it an economically viable option for businesses, especially those with limited budgets. Reduced Depreciation Rate: New equipment loses value rapidly within the first few years, while used equipment has already undergone this steep depreciation.