Tag Archives: new heavy equipment

Do not shell all your money repairing old heavy equipment – Buy a new one

Podcast: Play in new window | Download | Embed

Subscribe: Apple Podcasts | RSS

It is close to impossible to function in the construction industry without the presence of heavy equipment. You simply will not be able to walk an inch if you do not have good functional heavy equipment and may find your businesses moving to your competitors. So possessing necessary heavy equipment is of utter importance if you want to make your presence felt in the construction domain. However, if you have few construction machines that are faulty and every now and then you have to spend a fortune paying good chunk of money to the mechanic to fix things, you are heading for a bigger mess.

Firstly, you just can’t remain in business with machines that do not work. If it a minor problem and you can get it sorted with the help of a mechanic, you should do it at the earliest but when you start experiencing chronic issues, it is time to give away the old piece of metal and buy a new one. Spending more money for repairing the stuff does not make any sense when you have a big construction business to run. You can’t expect your equipment to go off the field for whatever reasons.

Buy a brand new machine if you have enough reserves:-

To buy a brand new heavy equipment or a used one can be a very tricky question. It all depends upon your requirement and the reserve amount you have in hand. For instance, if you have projects that demand new equipment at work, there you are left with no other option that to invest your money in buying a new stuff. But if the situation does not demand you to buy a new machine and if you can get a used one that is quite functional then you should prefer the later. Keep your money for future requirements as you do not know when you may need the money.

In case, you have to buy a new machine and you do not have sufficient reserves for it, taking a loan is the last option. You can think of all the options you have at your disposal when it comes to borrowing money. It can be from a friend or somebody from your relatives. There you may not have to pay any interest to them but if you do not get any financial assistance from them then you have to turn up to a financial institution for loan. You will be charged interest on the loan which is required to be paid on a monthly basis.

Buy heavy equipment directly from the company:-

Buying heavy equipment directly from the company can be very rewarding. There you can expect to get some offers that the company is running at that point in time. You may also get some discounts on the price of the machine or they may offer you some accessories for free. Overall, it will prove to be a win-win situation for you.

Related articles across the web

Which one consumes more fuel – brand new heavy equipment or old heavy equipment?

Podcast: Play in new window | Download | Embed

Subscribe: Apple Podcasts | RSS

For every construction management company, it is very important to buy all the heavy construction equipment for doing the construction job smoothly. Therefore, the companies always look for the very best construction equipment. No matter what the brand is, irrespective of that, the construction companies always look for the condition of the equipment and their cost effectiveness to consider whether the company should buy the equipment or not.

What are the factors that the construction company should look for before buying heavy equipment?

As the construction equipment come at a huge cost, therefore, it becomes quite expensive for the construction companies to buy all the variety of heavy equipment. It quickly burns a hole in the pocket to buy the brand new equipment from the house of Caterpillar Inc., John Deere and many others. This is a reason why the companies shift to buying the used, second hand or old heavy construction equipment. But compromising with the condition of the equipment many times leads to a deterioration of the production or increases the maintenance. So buying the equipment which is properly working and has not been facing any frequent visits to the service center is the best option. The cab, the engine condition, the age or the date of manufacturing of the equipment and the how long the equipment can perform under heavy and continuous work load or extreme condition, are the very basic factors that the buyers should always look for. Apart from this, one of the very main factors that a buyer must consider before taking any decision is to check whether the equipment consumes a heavy amount of fuel or not. This is because any heavy construction equipment always requires quite a heavy amount of fuel consumption to run properly. As the machines have to perform for a long 10 hours a day almost without any break, the cost of fuel consumption also increases incredibly. So fuel consumption rate must be considered before buying the equipment.

Which heavy construction equipment consumes more fuel – old or new?

When talking about the average fuel consumption rate in the heavy construction equipment, approximately all the equipment consume 7 to 8 gallons of fuel per hour. As the equipment works more and becomes old, the consumption rate increases. This is because the strength of the engine weakens. With the adverse condition of the construction site and the age of the equipment increasing more, the fuel consumption rate increases up to a 10 gal/ hour rate. Therefore, on the basis of fuel consumption rate, a buyer should always buy the newer models of the equipment. However, it is also a fact that the fuel consumption rate varies among the manufacturing companies. This will reduce the other costs. So when you are up to buying the heavy construction equipment, you must consider all these factors before making your decision.