Some of the most versatile equipment that can do a number of tasks in the construction sector are excavators, dozers, wheel loaders, and mobile crane trucks. These types of equipment are a “must-have in any contractor’s fleet.
The question of renting or buying Used Heavy Equipment depends on the contractor’s usage. If they frequently use the construction equipment, purchasing outright rather than renting one is better. It will allow one to lower the long-term cost of using the excavator, as frequent renting for every project will entail more expenses.
Construction equipment is an expensive type of machinery, but they are highly durable and reliable. The best option between renting or buying new equipment would be to purchase second-hand or used equipment. They make more sense in many ways. Even when contractors are busy with their day-to-day activities, they should watch the used equipment values. It will help them make a faster decision when the actual time to make an addition to the fleet comes.
At the outset, it is understood that used models can be equally efficient and available at a highly discounted price. One can find well-maintained used heavy equipment following the manufacturer’s operating manual. The hallmark of such equipment is the proper use of telematics, monitoring fuel burn, regular servicing, and equipment used by trained operators.
There are several benefits of buying used heavy equipment, such as
Buying used heavy equipment results in savings due to lower upfront costs. They can be readily available at a depreciated price; depending on usage and age. One can get refurbished used heavy equipment at nearly 30% to 40% discount and still perform efficiently like new equipment. If you want to finance the used equipment, the lower loan amount will entail lesser interest outgo for the finance period. Overall, there will be savings on all fronts without compromising the asset quality and performance.
A well-maintained, sparingly used Used Machinery in Dubai will give the same performance and the desired productivity at a lower investment. Other than the lower cost of the machine, other expenses such as insurance and taxes will be either lower or nil as the previous owner has already paid them. The lower depreciation in later years will ensure a better residual value of the asset, and a reasonable resale price, thus giving a higher ROI.
Original Equipment Manufacturers (OEM) roll out new models every few years. This leads to new buyers exchanging their old equipment leading to a vibrant and thriving used equipment market. Customers have a wide choice of used heavy machinery according to the budget and model requirement. Top brands such as CAT, Komatsu, Volvo, Hitachi, Doosan, and many more offer various models in different price ranges based on age and condition.
If one can get sparingly used and in good condition heavy equipment at a discount of 30% to 40 %, and maintain it well, then the value of the equipment holds good. One can get a good resale or residual value for the machine even after the payback period of the equipment is over.
Buying new construction equipment of any brand or model means waiting for the manufacturer to deliver after booking. The waiting period may delay the project or cause business loss. On the other hand, buying Used Construction Equipment in Dubai means going to reputed dealers like Anwar Al Quds Machinery, which is convenient. One can select from various used equipment of different models and brands. The used equipment is refurbished with a warranty and availability of spares from the dealer.
The advantage of taking the services of reputed and established Heavy Equipment companies in Dubai is the choice of a large, well-maintained inventory with attractive discounted prices.
If you have business in the UAE, you can easily find several dealers who can offer new and used heavy equipment.
Buying used equipment saves one from the high initial capital outgo and saves on overall costs associated with the equipment. When purchased from reputable dealers like AAQ machinery, one can rest assured of well-maintained used heavy equipment. This equipment comes with quality certification backed by extended warranties, after-sales service, and the availability of genuine spare parts.