The industry in heavy equipment or the construction industry is among the profitable trades in the UAE. And with this goes the demand for new and second-hand heavy machinery in Dubai, particularly in its real estate, industrial, and retail sectors. This is the reason for the exponential growth within the Middle East market.
And this is more encouraged in 2020 by the decline in the used machinery sector of Europe due to COVID-19. Since the fast-mutating virus still exists in our midst, the European heavy equipment industry faces a 10% drop in global sales, besides a five percent decline in Europe’s sales. Considering the pandemic’s impact on the lives of people across the globe, construction and heavy machinery firms naturally search for means to save on their resources to keep it running.
As a result, the market for second-hand heavy machinery in Dubai, as elsewhere globally, is increasing. Trading used equipment exists now a more regular practice amid countries, especially with the advent of online bidding. It is true, though, that used heavy equipment, in general, still has to meet specific local requirements. Still, it offers many benefits over brand new ones.
So, suppose you are in command of a Dubai construction project. In that case, you are probably using now a group of high-end construction equipment. In UAE, lots of homes and workplaces are continuously being built at different metros and zones. Of course, part of your job as a construction manager is looking out for the safety, functional, and aesthetic aspects of the project.
As such, you already find it very vital to buy second-hand heavy machinery in Dubai. It follows, as well, that you use them properly to achieve every objective of your project. Actually, this wise choice is due to some really smashing reasons, as follows:
As a rule, depreciation begins as soon as you buy brand new construction equipment. Hence, it gets a quick small resale value. In contrast, this rule does not apply to the buying of used construction machinery because you are now buying machines at the depreciated resale cost. So, there is nothing anymore to think of the rate or period of depreciation.
The value of new machinery goes down quickly after Year 1 of its initial purchase. By purchasing second-hand heavy machinery in Dubai, you sidestep the first hefty decline in value. You hold more flexibility towards buying machines and selling them with just a bit of depreciation in the future years.
Also, it is faster to buy or sell because buying new machinery entails requesting the maker to take your order. This will require you to set intervals from when you sent the order to cover the time needed for production and shipment. On the other hand, second-hand heavy machinery in Dubai is already made and likely in stock. So, upon ordering, it can immediately proceed to its delivery. Some firms remain buying used machinery covering use for a short time, if not just for one project. They then keep the used machines and parts as they hold their value for a longer time and reduce depreciation.
Used machinery is not an out-of-shape tractor with motor problems. All equipment up for sale must meet quality and safety regulations that differ from one country to another. In reality, companies buy used heavy machinery because they get excellent deals for barely used machines or parts.
Even when the second-hand heavy machinery in Dubai you bought might be five years old, its price drops a lot after the initial year of purchase. Thus, you end up paying less in tax and get around the Year 1 depreciation price plunge. And just imagine buying a piece of used equipment that only costs a third to a fifth of its current original price in the brand new market!
With the funds you save, you can buy more needed used equipment. And, eventually, this makes your project more gainful. Of course, with an extra budget in your pocket, you might think of buying new equipment for fear that the second-hand equipment purchased might have more maintenance costs.
While this can be possible in some items, most of the second-hand heavy machinery in Dubai sold in the market today frequently are in an excellent state. Take note that after Year 1 of the purchase as a brand new item, the price of the used equipment drop by around 40%, while its condition stays roughly the same.
The second most crucial point to bear in mind is when your company stays located within a nation that needs shipping in many types of equipment from other lands. In cases like this, the production and transportation costs will increase the initial cost a lot. In contrast, when you buy used heavy machinery in Dubai, you get to save a lot in transportation costs.
Has it ever crossed your mind how dangerous it is to use new machinery? On the other hand, second-hand construction machines and tools offered for sale on the market have been previously tested on many projects. Thus, you can be sure of their efficiency level. Also, beyond any doubt, you will have open access to superb machinery once you buy second-hand equipment.
Another great advantage of buying used construction machinery in Dubai stands quickly finding and availing of items with international brands. Sometimes, it may be hard to get such machines in Dubai. However, purchasing heavy machinery from second-hand dealers in the home market holds no need to bring items in.
Summing things up, buying second-hand heavy machinery in Dubai is easy and cheaper. This equipment offers long service years, but with proper attention, it can even be extended. As for buyers, choosing the appropriate dealer for purchasing heavy equipment is subject to many factors. It ranges from the years the dealer has been doing business in Dubai’s market, the goodwill and trust earned, and the competitive gain offered above other dealers. You can find all these factors with AAQ on top of its top-notch sales repute. So, if you are on the lookout for a name known in Dubai’s market in the heavy equipment business, check out AAQ.