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Used or New Excavator? Why choose used instead?

Apr. 29 2020 Used Equipment Guide By Team Tractor and Equipment

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Used or New Excavator? Why choose used instead?

Heavy Construction Equipment refers to heavy-duty machines, specially designed for executing construction tasks. Construction equipment is used to perform multiple tasks on the construction site such as hoisting, excavating, hauling, paving, grading, and drilling. Construction equipment has many uses in the building and realty sector. This type of equipment includes excavators, loaders, construction tractors, graders, rollers, scrapers, conveyors, dump trucks, compactors, and more. Today we will take a closer look into excavators. Why choose used instead. 

Used excavator may be the best buy for your construction business or personal projects. First of all, you'll save money. Second of all you can talk to the previous owner or used equipment dealer/supplier and find out very useful information - pros and cons. The third advantage - you might not need all the latest features. Why pay more? And the last, but not the least - a huge variety. Used equipment market way bigger than new. 

You might consider the following points before even deciding whether to buy a new or used excavator:

  • Excavators manufacture make those units with an approximate operating lifespan of 8,000 to 10,000 hours. Consider buying used excavator of 2-3 years old model with only a few thousand hours on them. It’s about 20-25% less than a new excavator.
  • If your budget is lower, you might consider buying used excavator of more than 3 years old model with a concession of about 45-50% of the cost of a new unit. However, they will only be useful when you have to work with them occasionally.

1. Less money to put upfront

Not every business or individual can afford the high investment of purchasing brand-new equipment. If you have a more restricted budget, a used excavator is a great match. Thanks to depreciation, these models will offer a much lower sticker price. Often, the biggest decline in value happens during the first year. If you buy a model that is over a year old, you can avoid this big loss in value while enjoying a lower price.

This reduction in cost can also allow you to get a higher-end excavator than you would be able to afford new. Or you can use the savings to get implements for your excavator, which can improve the equipment’s versatility and efficiency.

2. More information about Equipment pros and cons

Looking for used excavators gives you a valuable extra resource: customer reviews. Any used excavator you see for sale has been on the market for a while, which means there are plenty of construction sites actively using that model. Many owners share their experiences online, which can help inform your search.

Maybe you find that a given make and model continually experiences issues, so you shy away from it. Maybe you discover that owners rave about a model's performance, so you prioritize it when you visit the used excavator dealership. Using customer reviews can help you make a more informed purchasing decision. Excavators can last many years, so it's helpful to get all the information you can when making this long-term investment.

3. No need for extra features

New models come with a higher price tag partially because of their cutting-edge features. Every year, companies upgrade and tweak their product line. It costs time and money to design and implement these changes. If you don't need the newest features, why pay more? In many cases, a model that is a few years old can offer the efficiency and productivity that you need at a better price tag.

4. Huge Variety 

There are only a certain number of new models put on the market every year. But there are always more and more used excavators added to the market. When you shop for used excavators, you get a much wider range of choices. This can make it easier to find the ideal model for your needs. 

The more unique your worksite needs, the more you will appreciate a wider choice selection. Maybe you are working on extra challenging terrain, so you need equipment that can rise to the occasion. Maybe you need compatibility with less common attachments. Maybe you need plenty of operator comfort features. It’ll be much easier to find what you need among the large selection of used excavators.

Ready to shop used excavators? Welcome To Team Tractor and Equipment Company - the #1 Tractor Dealer and Used Equipment in Arizona - We are here to help in any way we can - our staff is friendly and advice is free! Our tractor supply professionals have been helping customers like you since 1969 with just about anything and everything related to tractors, equipment, attachments, parts, warranty, tractor repairs and service.