Benefits of Buying Used Equipment

Because construction equipment is built to handle heavy jobs over long periods of time, the used equipment market is full of units that still have years or even decades of service left in them. Beyond that, buying used construction equipment has many benefits that you may be unaware of. That is why Bobcat of New Hampshire has created this guide to the benefits of buying used equipment.

Reduced Total Cost of Ownership

The most obvious advantage of purchasing used construction equipment is the money you stand to save. Not only is it cheaper to purchase used equipment, it usually costs less to insure as well. This makes purchasing used equipment the best option for those operating on a tight budget. 

Increased Resale Value

If you want to purchase construction equipment but also believe that there is a strong possibility that you will be reselling that equipment in the near future, purchasing used might be your best option. Depreciation tends to be the most severe in the first few years of ownership, meaning that used equipment holds its value much better than new equipment does. 

Access to Information

While it can be difficult to predict how this year’s model will stand up to the test of time, you can usually find dozens of online reviews about whatever piece of used equipment you are currently looking at. While these reviews should naturally be taken with a grain of salt, they can still be a valuable source of information when it comes to how a piece of construction equipment holds up over time and what kinds of possible maintenance issues you may need to look out for. 

To view our selection of used construction equipment, visit Bobcat of New Hampshire in Hudson or Chichester, New Hampshire. We also offer rentals, parts ordering, and servicing. We are proud to serve communities like Nashua, New Hampshire, and we hope to see you soon.