Buying used machinery is a cost-effective way to add capacity and capability to your shop. It also allows you to save a significant amount of money that can be directed toward other manufacturing business costs such as specialized tooling, raw materials and extra shop staff.

When buying used equipment, be sure to test it for functionality and check its records. It is important to know how extensively and for how long the machine was used.

Cost-effectiveness

When it comes to purchasing machinery, cost-effectiveness is a crucial factor. As is the case with new cars, once a piece of equipment leaves the dealership lot it depreciates significantly in value, often losing 20-40% within its first year. On the other hand, used equipment holds its value much better if it has been well-maintained and taken care of.

Additionally, a major advantage of buying used equipment is its immediate availability. New machines can experience unforeseen delays that may set back project timelines, while used equipment marketplaces provide contractors with the machinery they need on a moment’s notice. Furthermore, used machinery doesn’t come loaded down with extra services like freight, installation and training, which can increase the overall purchase price. This saves both money and time, allowing you to get on the job faster and achieve profitability sooner. Also, choosing a used machine with the latest fuel efficiency technology helps reduce costs and conserve our natural resources.

Faster return on investment

A faster return on investment with used machinery can make a big difference to your company’s financial capability. Unlike new equipment, which requires long lead times and often has higher costs, used machines can be ready to use within a short period of time.

Another benefit of used machinery is that it usually has a lower rate of depreciation than new machinery. This can help companies save money in the long run by avoiding high operating and maintenance costs. Additionally, employees are often familiar with older machine features and controls, which can save time training them on new equipment. Liquidating used industrial machinery is a cost-effective way to reclaim valuable space and money that could be used for other mission-critical operations. It also allows companies to refocus their efforts on the most profitable opportunities for their business. However, the process of liquidating used machinery can be complex, which is why it’s best to work with a professional company that has experience in this area.

Wide range of options

The used equipment market is vast and there are plenty of options at a range of prices. With a low purchase price and reduced depreciation, buying a used machine can save you tens of thousands and allow you to divert those savings into other areas of your business. This could include specialized tooling, raw materials or even hiring additional staff.

A wide range of local Cat dealers, independent dealers and expert equipment brokers have a good selection of used machines available for sale. These are usually late model year machines with low machine hours. They may have come off lease or are being rolled out of the rental fleet. Depending on the state of the machine, a buyer can expect to spend between 10-20% less when purchasing a used piece of machinery. Conducting a thorough due diligence and reviewing a detailed inspection report will help you avoid surprises. You can also negotiate with the seller to get a better deal.