Tag Archives: Used Heavy Equipment

Things to Consider while Buying Heavy Equipment

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Heavy equipment is one of the most important or most essential elements in the current era of construction. If you too run a small to medium construction business, it is a must that you either own or rent the heavy construction equipment. The large scale construction business owners mostly own their own equipment. This helps them in cutting down the budget.

But, in case you are a small to medium scale construction business owner, it is a must that you consider these things before buying the heavy construction equipment.

  • Equipment that you need:

 

Depending on the type of construction work that you offer or are prepared to offer, you need to purchase the heavy equipment. The equipment needs to suit the type of business that you do. Many construction businesses only offer construction service for buildings. Many, on the other hand, offer services for dam construction, road construction as well as deforesting services. Your equipment should be compatible with your work or service.

  • Your budget:

 

The next thing that you need to keep in mind or take into consideration is that you should decide on a budget. Budget is the most important thing when it comes to buying the heavy construction equipment. This is because the heavy construction equipment do not come for an easy price. They are indeed expensive and you cannot afford to waste or engage money on something that you do not need. Make a list of the equipment and machines that you need and then decide your budget.

  • Used or New:

 

Since the heavy construction equipment comes for an expensive price, the small to medium scale business owners often think of renting the equipment. However, if your business is a well-settled one and you have quite a number of projects in hand, think of owning or purchasing the equipment.

While you decide on buying the equipment, you will get options like used or second hand equipment as well as the brand new ones. The prices differ drastically. There is nothing to worry about buying the used heavy equipment, provided you buy from a trusted source. Make sure it has all the documents and is sold buy a legal owner. Since the price of the heavy equipment is quite high, there are often illegal financial transactions taking place regarding the purchase and sale of the heavy equipment. Avoid any of that to make sure that you do not fall into trouble.

Also, check for the condition of the heavy equipment. The few things that are important are –

  • How old the equipment is
  • The condition of the engine
  • Whether the equipment is injured or not
  • If there is anti-theft software or tools installed.

If all these factors seem convincing to you, you can decide on buying the heavy equipment. You can check for the trusted online as well as offline sellers, who can offer you various options of these machines. The experts will certainly guide you regarding the choice of the right heavy equipment that you should spend on.

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Equipment used in construction

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A construction jobsite will give us the picture of laborers working tirelessly with their supervisors directing them to work and several types of heavy equipment digging deep inside the ground and rest busy carrying something or the other. Overall we will find nobody being idle. Everybody and everything is doing some or the other activity. Having said this, the construction industry is heavily dependent on the kind of heavy equipment being used on the site. The owner of a construction company invests good chunk of money in procuring heavy equipment and post buying takes immense care to ensure that the machines work fine. He spends good deal of money to keep them well maintained and so that it performs when it is needed the most. In a big project, you will see numerous heavy equipment. However, the most common types of machines that are seen on the sites will be discussed as follows.

Excavator:-

Excavators are machines that are required to excavate earth using its boom or stick. It has the potential to dig deep inside the ground and extract the soil. It is one of the most common types of heavy equipment that can be seen in almost every construction site. This is because every construction site requires some amount of digging to be done and they can’t have a better choice than using an excavator. Some companies also make use of alternatives which are undoubtedly good options but may not be able to deliver the result that an excavator can do. It can also carry the soil and dump it on a dump truck. So there is no need of heavy equipment like wheel loader to do this work.

Bulldozers:-

This is yet another common heavy equipment that can be seen in most of the construction sites. As the word goes bulldozers are used to demolish anything that comes on its way. Well, not literally anything but it is ideally used to break any existing structure and build something new in its place. Lot many construction companies depend on dozers during the initial phase of their project. Most of them prefer buying machines manufactured by Caterpillar and John Deere. However there are other players who have made their presence felt and are giving healthy competition to the pioneers thus giving rise to more innovative dozers.

Wheel Loaders:-

Wheel Loaders are primarily used to ferry huge pile of soil from one point to another. It has huge space to dump the soil which is not available in any other form of heavy equipment. It can also cover a lot of distance in less time as compared to other construction machineries that are capable of carrying debris. Therefore, a wheel loader is often used in big construction projects where the chances of accumulation of dirt is more and which can be ferried easily to the dump truck.

Dump truck:-

Last but not the least; a dump truck is also widely seen equipment on a construction site. It is basically used to carry the dirt and debris from the jobsite to the dump yard. Almost every construction company need a dump truck to do away with the huge proportion of dirt it yields on a daily basis.

Take the right call when it comes to heavy equipment

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In many situations, life gives you a second chance but there are few instances where you do not get a second chance and you got to ensure that you do it right the first time or else you consider that to be the end. Same goes with your business. In many situations that you encounter in your business, you do get a second chance but there also comes a point where the chance you have is the only one and you are not given any more chances. So you got to be ultra-careful and analyze the situation well before you make a decision. Taking important decisions is an art. You got to be absolutely sure of what you are doing as you know that you will get plenty of time to repent later if it goes against you. So do your calculations well and work on the graphs to understand the scenario and then take the decision.

In the construction business, one of the most important decisions that need a lot of pondering is buying heavy equipment. A construction company buys heavy equipment keeping the needs of his current project into consideration but the story does not ends there. He can’t throw away the machines once the project is completed. He has to use them for future projects as well. So in case he buys a machine whose utility is limited to his existing project and does not have any relevance to future projects, it does not make any sense for him to buy the equipment. Buying machines incurs good deal of money to the construction company and therefore taking a decision to buy machines that has its relevance for just one project does not sound to be a sane idea.

It is often advised by industry experts to take the right call when it comes to procuring heavy equipment. Renting machines for a short while can be a good idea but purchasing it for a short term project may not be a wiser one. Even if you rent heavy equipment before analyzing the need of the project can turn out to be a big waste of money. So if you feel that by renting heavy equipment you will not incur heavy loss, you may have to think all over again.

Getting your project studied by an expert in this domain makes lot of sense. The person will be liable to give you suggestions that will not be limited to procurement of heavy equipment but will also contain a gamut of other advices that will benefit you in every possible way. Their suggestions will be based on the facts that you will put across to them. Facts about your financial standing and the number of projects you have in hand and also that you are likely to acquire in the future. After doing a thorough research, they will guide you with the types of heavy equipment you should be using and if at all you should buy them or take them on rent or make use of some other modes so that you have them to complete your project. Overall, it will help you to take a sound decision.

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Digging the dirt with used heavy construction equipment

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It has been seen that people belonging to the construction sector are mostly confused when it comes to putting new heavy equipment or a used one to task. It is quite obvious that the cost of the machine plays an important role for them to determine which one to go for. The cost of brand new heavy equipment will be undoubtedly expensive for which the business owner may have to take a loan from the bank. This means that he has invited a recurring expense to his business which if he fails to repay, the heavy equipment will be repossessed by the banks. So it is advisable that as long as you are not completely sure that you can pay the due in time, you should stay away from taking a loan. So the next viable solution is to go for a used one.

It makes ample sense to use second hand heavy equipment for digging the dirt in the construction site. So when we talk about second hand heavy equipment, it does not mean that you should be using a decade old machine. You should try to get something which is perhaps a couple of years old or for that matter a 5 year old machine will still suffice your business requirements. The one thing that you should be careful is about its regular maintenance. Since it is an old one, you have to ensure that the machine is regularly washed and oiled. This will only increase the life of the machine and will serve you for long.

Some of the dirt digging heavy equipment are excavators, backhoe loaders and to a larger extent graders also does the work quite efficiently for you. So buying these kinds of heavy equipment should be your priority. Getting banks loans on used heavy equipment also becomes easy as you do not have to go through a lot of documentation process. Since the loan amount will be fairly low, the financial institution will happily grant you loan. However, you still need to have a good credit rating to avoid any complexities while getting your loan approved. Just in case you have managed to allocate some capital to fund your need to buy heavy equipment, you can channelize those funds by buying used machines. As you are getting it at a lower price, it should fit your budget.

Repossessed heavy equipment are also used machines which are sold at a dirt cheap price. You got to identify the dirt digging equipment that is getting auctioned and place your bid to get the stuff. Experienced operators will be more comfortable working with older dirt digging heavy equipment as they must have worked on such machines before, so it will be like driving an old car.

Before you go ahead to buy a dirt digging heavy construction equipment, check if the machine is in order. You may not want to end up buying a messy one which will give you numerous technical issues. Get it checked by a mechanic first and if he feels that the machine is worth the price, you can go for it.

 

 

 

 

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Buy affordable second hand heavy equipment sold by dealers

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If you are a person who wants to stay loyal to a brand and do not want to switch amongst manufacturing companies then you probably have to pay a price for it. But if you are not even willing to pay the price, then perhaps you do not have more options available. However, when it comes to heavy equipment it seems that now you have options. Heavy equipment have always been an expensive item even if it is decade old and small construction companies as well as contractors find it difficult to buy them directly from the manufacturers. This has also lead to a fall in the sales figure but there is another reason which is playing an important role to the sharp decrease in the sales volume and that is people are getting attracted towards second hand heavy equipment and there are dealers who are providing the brand that people want at dirt cheap prices.

So invariably now the dealers are making good chunk of money in a legal business. Though it is a loss for the mainstream heavy equipment companies but certainly a big gain for the small time dealers who predominantly deal with selling second hand construction machines and sees it as a growing business all throughout. Likewise, it has not only attracted the small construction companies but also the mid-sized ones as they all are been buying their stuffs from these dealers. So when the buyers do not see the mainstream heavy equipment manufacturing companies as the only option, these companies will have to work out things that save them from wrapping up their businesses. In fact, some companies have even winded up their businesses from few locations which is a clear indication that people are attuned to buy less expensive machines.

In terms of quality, they are not bad either. These dealers have connections with workshops that work on the old machines and make it look new. They also change the parts that do not work and ensure that they give a new life to the equipment. The cost of repairing a machine is not that high. So they only need to ensure that they put the things in place and make it ready to work. There are few agencies involved in this process. The first is the one who buys the old heavy equipment from the original owner. He gives it to the workshop who brings it back in shape and then it eventually goes to the dealer who sells it to another buyer. More often the agency who buys the machine from the first owner and the dealer are the same. They only need to have good connections with workshops where the heavy equipment are repaired and painted and rest is simple.

The advantage for buyers is that they can buy heavy equipment of any brand at a cheaper price and for guys who are brand loyal, they can manage to buy machines of their brand which is otherwise so expensive that it becomes out of their reach.

How to buy second hand heavy equipment

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There have been often instances where you get a lot of construction projects but you are unsure if you can take them all. The issue is with the limited resources that you have at your disposal. You may not have sufficient manpower or heavy equipment to start working on the new project. Hiring additional manpower is no big deal as you can hire people in a matter of days but the real challenge will be with procuring heavy equipment. Construction companies always run tight on budget and when all of a sudden they get some new projects that they were not expecting can really leave them thinking if they should indeed agree to take them. Taking new projects means spending funds on buying heavy machineries and then to sit tight for months till you get any payments from the project givers. This actually makes your position vulnerable and can also give you thoughts to deny accepting the work.

Well, this entire situation may definitely sound to be quite challenging but there is a solution to it and that is to buy second hand heavy equipment. It is also amply simple to buy used machines at much lesser price than the market price for the new ones. First thing first, you can get in touch with the authorized dealer in your area and check if he has any used machine with him or if he knows anybody who is willing to sell second hand equipment. These guys often have information and they can pass it on to you. The transaction may happen by keeping him in the loop which means that he will take a cut out of the deal. However, you can be assured that you will get the best deal.

The next option is to check with guys in your circle if they know anybody selling used machines. If you need more than one machine, it is better that you stick to the dealer but if you are looking for just one machine, you can talk it out to guys in your circle and you may get some lead.

The third option is probably the best that one can avail. You can search for second hand heavy equipment on the internet and it will throw number of options to you. You do not have to compromise on anything out there since you have plenty of options and you can take your time to select the best deal. Just go through the description as you will get to know a lot about the heavy equipment through its description. You can then establish contact with the seller and close the deal if you like the stuff.

There is one more option which some people prefer to take. They get in touch with the guys who pick up old machines, refurbishes it by installing new parts that makes the machine run smoothly and can give a good fight to the new ones. They sell such heavy equipment at an unbelievably low price and therefore it does make some sense to buy machines from them. However, it is not much recommended one.

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Used heavy equipment for sale by owner

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After putting your heavy equipment to use for years if you feel that you have to sell it off as scrap, then you have some good news to rejoice. Heavy equipment always have some or the other value attached to it and if you want to sell your machine just because you have purchased a new one which is more advanced you can be rest assured that you will find buyers for the old one. There are always people waiting to get a good deal because not everybody can afford to buy an expensive iron to complete a project. Many people who have just been introduced in the construction domain have to take care of lot of expenses and in the midst of all these expenses they just can’t afford to spend a fortune to buy a brand new machine.

At the same time, these new guys find it difficult to get new projects leave the possibility of getting big projects and therefore considering the option to buy a new machine just does not make much sense to them. It is perhaps this bunch of people who can be the prospective buyers of your used equipment. However, the most important question is how you reach them. It is virtually not possible to find them manually and you certainly need some mechanism through which you can get hold of guys who are in hunt of used machines. We will be exploring few such options.

 

Social Media is an instrumental tool:-

One can make use of Social Media to reach out to mass people and in this way he can pervade his message to the crowd at large. Well, you can make use of the same tool to reach out to guys who are in need of used machines. All you have to do is post what you intend to do; that is click some pictures of your machine and put it out on a Social Media and state that you want to sell the stuff. Anybody who is interested to buy it can contact you. This will reach to scores of people and you might be poured with messages from people. You then have to negotiate the price with them and that is it. You find a buyer for your used equipment and the guy gets the machine at a reasonably low price.

List it on online selling site:-

In a period of a decade, there have been a lot of websites that deals with selling new as well as used heavy equipment online. This has given a much needed platform to both the parties. Initially they were hugely dependent on local newspapers but that is no longer the case as the prospect can now go on to one such website and check the machine he wants to buy. Read the description and if he is O.K. with the price, make a deal out there. This also saves your time as a seller as you do not have to run around anybody and just by listing the machine online, your job is almost done. The rest gets done once the buyer pays the money to you.

Small construction companies should deploy used heavy equipment

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It is quite difficult to start up a new business and especially when someone tries to establish his business in the construction arena, it becomes all the more difficult for him. Firstly, there are many big players who have ruled the market for years and on top of that, there are many small companies who take the business that the big companies are not interested in. Now, when they see someone new coming in, they feel more uncomfortable and may try to put hurdles in your way. This is something that happens in every business but as far as the construction industry is concerned, this sort of stuff happens more often than ever. If someone is brave enough to take up this challenge, there is something harder waiting. They may have a hard time deciding if they should go for brand new heavy equipment or they should content themselves with used machines. Getting a brand new machine is no joke as it will cost thousands of dollars to buy one, may have to borrow the money.

This may really sound scary because if you lose paying up the due in time, they may impose a penalty on your loan amount which will make it a bigger sum. Just in case, you default in making payments too often, it will not only damage your credit score but you may also lose your hold over the equipment. In totality, you may have to completely shut down your business. Now, there is something simpler. Big construction companies do not tend use a machine for many years and they usually sell it off to small companies at a lower price. All you need to do is try to establish a contact with such big houses and try to buy the machine at dirt cheap price.

The above option may have some limitations. First, you have to buy anything that they are selling without even getting the time to inspect the machine. It means that you take whatever they give to you without having the power to even check if the machine is in order or not. Simultaneously, since there are many buyers like you interested to buy the item, you may know what you are buying only at the time when you are buying the equipment.  To avoid such a situation, there are platforms like online stores that sell used equipment. All you need to do is register yourself on their site and bid on the item. Try to place the highest bid and concurrently try to establish contact with the seller. Let the seller know that you want to inspect the item before you buy them. If the seller agrees to this, you can check the machine is in good order and strike the deal.

Second hand use of heavy equipment

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Heavy equipment come with a high price tag and not everybody can afford to buy brand new equipment for their business requirement. Some have to rely on taking it on lease and others have to do with buying used equipment. It is not always possible to find leasers who can lease the equipment at a price that you are willing to take. Most of the time, you find the equipment at a price you can’t afford to pay every month. On the contrary, it is better to buy used equipment that is perhaps not very old and is also in good working condition. In this way, you have a healthy asset with you that you can use for your projects.

Big construction companies may not have a problem buying brand new machines. They may not feel the need to keep on using the same old machine for every project and may have the capacity to buy latest technology machines when they arrive in the market. As a matter of fact, they give huge importance to state of the art equipment that can lessen their work without compromising the quality. This does not mean that the old machines that they were using is obsolete or has stopped giving quality output. It may be possible that the old machines may take more time in getting the work done.

When it comes to small construction companies or companies who are newbie in the industry, they experience a very common problem that is financial crunches. If they have a project in hand, they may have to ponder whether they should take the project or leave it as they may not have the heavy equipment required to complete it. And in order to buy the equipment, they have to spend a good deal of money which may leave them in a big financial mess. If they compromise on the machine, then they also compromise on the quality of work which will not help them in getting any further businesses.

This is one of the many reasons why many small construction companies could never make it big in the industry. They have to limit themselves with smaller projects which do not fetch good returns to them. The only solution that can help them is purchasing used heavy equipment. They have to first identify the requirements of the project and also need to check who can offer them good used machines at an affordable price. Once they jot down the seller/sellers they can contact them and try to strike a deal with them. It is imperative to first inspect the machine before signing on the dotted line.

For people who may not have the money to buy used equipment, they can opt to take a loan to buy the equipment. There are many financial institutions that are ready to help people who want to make their dreams come true. It’s just that you need to be doubly sure that what you’re buying is worth the price you’d be paying.

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SAVE YOUR MONEY; GO WITH the USED HEAVY EQUIPMENT

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Sometimes, due to many reasons people cannot manage to purchase some necessary items. Well, to run a construction site properly is not a matter of joke. You need to buy suitable and essential machineries for your site. Such machines are highly expensive. Thereby, it just becomes a question that whether you can afford a big amount to buy such equipment or not. Most of the time, at the beginning, people cannot manage to pay such a big amount as they have to stick to the budget. At that time, it is good to go with the used things. It is not a bad idea to buy second hand equipment. You have to pay less and definitely get great usages from such equipment. In fact, you can manage to buy a lot of parts of machines within your fixed budget.

  • As people are continuously facing the global crisis, it has become impossible to spend too much money on some necessary items. In case of small business, they completely depend on their fixed budget. Hence, they have to buy used heavy equipment and serve their works through such machines. Used heavy equipment can provide you amazing services. In fact, there is another way out for you as well. You can rent the required equipment for your site for some days. Many big companies are also facing the crisis for last few years. To maintain their balance they rely on the renting service. It will help you to do your work within your budget.

 

  • Some land owners find it as the smartest way to save money. Well, it is actually true because you will get many used heavy equipment and also its different attachments such as backhoes, tractors and skid steer loaders within a very low price. If there is any damage in the equipment then you can repair it. However, it can work twenty four hours and give you the best service.

 

 

  • Well, you have to find out some places from where you can buy heavy machineries at cheap or reasonable price. You can search internet to find out the names of such companies. In fact you can ask some of your friends or relatives. They can definitely help you to get the detail information of such places. You can visit some local dealers; they can also guide you and give you an idea about such cases. Sometimes, some people call auction to sell their equipment. This is one of the best places to buy used equipment.

 

  • Well, it is also important to verify the machine properly that whether you can work with it or not. If it is not in good condition then you shouldn’t waste your money on it. Inspecting a machine properly is highly especially when you are going to buy it. You can definitely check its different parts to see whether it can perform well or not.

These are the few tips that you need to follow before buying heavy equipment at cheap price.

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