How are used forklifts beneficial for businesses in the UAE? Whether you are an owner of a construction company, an individual contractor, or a warehouse owner, a forklift is one of the most versatile and essential pieces of equipment required for day-to-day operation. So, when it is time to buy a forklift as a replacement or add to an existing equipment fleet, one should carefully consider whether a new one is required or used equipment can also do the job.
There are multiple benefits when buying a used forklift. Of course, there are advantages to a new forklift. It adds efficiency and ensures trouble-free operation. Still, from a cost perspective, a used forklift is better.
Buying any used or second-hand product comes with its challenges. And when it comes to purchasing construction equipment with a high investment cost, one needs to be sure a used machine that one buys is value for money. Many reputable heavy equipment companies in the UAE offer forklifts for sale in UAE. So, one must know what type of equipment is essential for a project.
If one requires a forklift, one must make a checklist comprising inspection points, pricing, the model required, and general information before heading into a dealer’s showroom.
The inspection checklist is as significant as the buying process. It helps make the testing, selection, and buying faster and smoother.
A clear benefit of buying a used forklift is its affordability. A new forklift depreciates the moment it comes out of the showroom. It is typically seen the value of the equipment depreciates the highest in the first year of operation, and one can get almost a new asset at an attractive discounted rate.
Buying a used forklift helps to reduce the loss in value in the first year. If someone is getting a model used sparingly in the initial years, hence it means that the machine is well maintained. Thus, it will be a profitable proposition. If the buyer goes for a used forklift that offers the same productivity as the new one, it will ensure a better return on investment (ROI).
Lower initial investment
A brand-new forklift with standard capacity costs $ 20,000 to $ 50,000 depending on the brand, model, and capacity. The new lift requires high capital investment. For someone new in the construction business, this high initial cost can be a deterrent and viable from the financial cash flow of the company.
Faster Asset payback period
Buying a used forklift or used bulldozer makes financial sense. Depending on how old it is, the machines are available anywhere between 30% to 50% depreciated cost. Banks and finance companies are financing used construction equipment up to a maximum of 80% to 85 % of the asset cost. It means lower initial investment and lower monthly installment repayment.
If someone wants to buy a forklift, the choice is to purchase a new one or a used model. Taking a decision is based on factors such as
If you are looking for a JCB 3cx for sale in UAE, checking out with reputable dealers like Anwar Al Quds Machinery will give you many choices. If buyers are looking for a bobcat for sale in UAE, they can get under the same roof. These dealers provide complete service history, usage details, and no tampering of usage meter.
The dealer also offers an extended warranty on the used equipment where any parts replacement is taken care of. When backed by support services, it not only retains its salvage value but gives a reasonable resale price after factoring in lower depreciation from the third year onwards.