Let’s accept the truth: construction equipment is costly. However, if you want to run a construction business, you can’t move an inch without them. The best solution is to buy used construction equipment and, thereby, save a lot of money. However, there are a few simple things to remember before you do so.
1. Figure out what you need and what you don’t
If you want to get the best deals, then you have to get your own hands dirty. Don’t just trust any general seller as they will surely try to swindle you by trying to sell you equipment that you don’t need. Talk to other people who are in the same business, read up on the internet, and determine what particular equipments will serve your purpose. This way, you will be able to buy only what you need and avoid spending on unnecessary equipment.
2. Find the right market value
Once you know which equipment you want, the next step to take is to determine the resell value. It takes a second to know the price of new equipment, but when you are buying used items, there are a lot of factors to take into account. There is no guide book for this, but help is surely available. There are very affordable services available, both online and offline, that can help you determine the fair price of used equipment. The original purchase date, the amount of previous usages, and the current condition of the item are just some of the factors that can determine the right cost.
3. Find a genuine dealer
Even when you know the right price of used equipment, you still need to find the best dealer to buy the item from. There are many people who sell used construction equipment, but that doesn’t mean they will all serve you equally. Some of these dealers will try to sell you defective items. What you need is a trustworthy dealer who has a good reputation in the market. The internet can surely help you with this task. Go though dealer ratings and user-reviews to determine which dealer will serve you the best.
4. Conduct an inspection to make sure there are no issues
Used equipment requires thorough inspection before you make the purchase. You might think that spending extra money on a certified inspector is unnecessary, but these inspectors are the only ones who stand between you and faulty equipment. They can help you find out the accurate service history of the equipment and tell you if you are getting a reasonable deal.
5. Complete the legal formalities
This is a very important part of the process. You need to know if the equipment is stolen or legally belongs to the seller. You also must find out if there is any insurance claim on it. Only after you clear these doubts should you sign the necessary documents and purchase it.
6. Re-check before claiming the machine
Your job doesn’t end after paying for the equipment. Once it’s delivered to you, you must re-check everything before accepting the delivery. Match the serial numbers of every part with the inspection report and make sure that you have received the original item you ordered.