Do you have a need for a compact track loader (CTL), or any heavy equipment, for your construction business? Have you wondered why many experienced contractors often go with used equipment rather than buy a brand-new one?
Opting for brand new equipment is a lot safer and more logical when it comes to improving the productivity and efficiency of your business. But if you really want to make your business profitable, you need to keep overhead expenses down, ensure the best value for every penny or centavo you spend, and make compromises and take calculated risks.
So what are these risks that I’m talking about?
Well, for one, buying used or previously owned equipment comes with a certain level of risk, don’t you agree? The biggest fear of any business is investing in something that may not amount to anything later on. And purchasing used equipment can certainly make that fear a reality.
What if you end up buying a used CTL that breaks down after only a few months, weeks, or even days of operations? Yes, you got the machine cheap, but now you’re up to your knees in repair and parts replacement costs. And what if you can’t find a specific part needed to make the loader operable again? Now, you’re in a situation where you just spent money on a track loader you can’t use.
Fortunately, there are steps you can take to make sure that this scenario doesn’t happen to you.
But first, let’s look at why buying previously owned equipment is a lot profitable and more logical in certain situations.
Key Benefits to Buying Used or Previously Owned Equipment
There is a certain level of risk involved when buying second-hand equipment. But if you do your research, take the appropriate steps, and make your decisions wisely, there are a few benefits to be had from opting for used construction equipment.
- It can save you a lot of money on the original price. The initial cost of a brand-new machine is often quite steep, especially for small businesses and contractors who have limited budget.
- It gives you access to more advanced equipment. Newer and more advanced machines are often too expensive for most businesses. And the only time they can afford one is if they buy second-hand.
- Heavy equipment machines generally have limited depreciation. The resale value of any brand new equipment may dip within the first year after purchase. For construction equipment, it stabilizes after a year and remains consistent for years to come, as long as the machine is well maintained and cared for.
- Respectable resale value. Because of the limited depreciation of construction equipment like track loaders, you can pretty much demand a reasonable resale price for your secondhand equipment.
Now that we’ve established the advantages of buying previously owned construction equipment, here is an inspection checklist that will help you decide whether or not the used construction equipment Philippines is worth buying.
Bobcat Track Loader for Sale: Checklist for Thorough Inspection
Before investing in used construction equipment for your business, it’s important that you make sure the machine is in excellent condition, internally and externally. And the best way to do that is to conduct a thorough inspection of the equipment.
It’s also important that the following inspections be done with a certified mechanic who has ample experience in heavy-duty machinery, such as track loaders and skid steers.
- Check the cab area. The cab is where the operator spends most of his time controlling the machine to perform specific tasks. More often than not, the overall condition of the cab tells you about its operability and how the machine was handled by its previous owner/operator.
- Check the engine and transmission. Both the engine and transmission system are the most crucial components in any heavy machinery. So it goes without saying that these aspects of the machine should be thoroughly checked, especially for wear and tear, and for the availability of the most crucial parts.
- Check the chassis. The chassis is the foundation of the machine. Any weakness in the chassis could compromise the integrity of the equipment. So carefully inspect its overall condition, especially the metal frame and arms for any sign of repairs and welds.
Check the tracks/tires and attachments. If you’re getting a CTL, make sure to check the condition of the track for signs of wear and tear, as well as botched repair jobs. If you’re getting a skid steer, check the wheels and tires for any damage. Most importantly, check the attachments of the loader such as the lift arms, the bucket, and so on.