A Smart Buyer’s Guide in Purchasing Used Heavy Equipment

Is your company in need of construction equipment? Well then, before you start buying, do you know that there are plenty of factors that should be considered first?

With heavy-duty machines, such as dump trucks, cranes, excavators, and skid steer loaders being sold at hefty price points, construction companies should always be smart when acquiring them. Make sure to consider your company’s financial standing and take the time to inspect the projects that are currently in the pipeline before buying equipment.

For companies that are still struggling financially, buying brand-new heavy machines is definitely not a smart move—this could drain their working capital. Instead of acquiring a new machine, they can always choose to rent or lease it, or even purchase pre-owned ones.  As a matter of fact, plenty of construction companies would rather purchase second-hand equipment. Apart from shelling out only a modicum of cash, they get to enjoy the benefits of owning the machine too.

However, despite being cheaper, acquiring second-hand machines still have its share of risks. If you don’t want to end up getting the short end of the stick, you certainly have to be a smart buyer. That way, you can eliminate all the risks involved in obtaining used equipment and get the best offer up in the market.

In this article, we want to help you become a smart buyer, so we’ve decided to list things that will make anyone who is planning to obtain second-hand construction machinery. Here’s everything that you need to know:

Find a Way to Shorten the Buying Process

The buying process of heavy equipment is undeniably long; it may last for a few weeks or even months. To make the entire thing as cost-efficient as possible, it’s imperative that you try to find a way to shorten the whole process.

If you don’t have enough time to scout for second-hand equipment, the best advice that we can give you is to do a thorough research about the average prices of the machine you are planning to purchase, the most efficient models, and the reliable dealers in your area.

When you are equipped with the right knowledge, it certainly becomes easier to find the perfect equipment that you really need. Other than that, researching first before visiting construction machinery dealers will eliminate the risk of encountering a fraudulent offer and buying subpar—or worse!—stolen machines.

Compare Prices

If you are a smart buyer, you definitely would take the time to compare the prices of the equipment that you are acquiring before you close a deal. The main reason why you have to check different dealers first before you purchase something is to be able to get the cheapest and yet the best deal available in the market.

If you really want to save money, then be sure to compare prices first, check your budget, and decide which equipment can be considered as the best deal. Apart from the price, there are still several more factors that you also need to examine including the service warranty offered and the machine’s condition.

Check the Title of the Machine

Why do you have to inspect the title of the machine you are buying?

As we have repeatedly discussed, there are now a lot of fraudsters waiting to victimize any potential buyers. Of course, you don’t want to purchase a machine that is either stolen or still have liens on it. That would certainly be a huge problem on your part!

So, once there’s a machine that has passed your standards, ask the dealer to let you inspect the title. See to it that the name of the dealer is the one written on the title; if the name that was written is not of the dealer, verify if he/she has the authorization given by the owner of the machine to sell it. Do not buy the equipment if you feel like the dealer is hiding something from you.

Another thing: if the title of the machine is not clear, do not also buy it. When titles have liens, the lending company or bank can easily seize it from you. And even when you reason out that you bought the machine fair and square, you still won’t be able to get back a single penny from the deal once the machine is taken.

Read the Maintenance Log and Check the Machine’s Condition

Since the machine that you are buying has already been used for several years by its previous owner, you have to be keen in inspecting its condition to ensure that you are acquiring something that can still be utilized for several more years.

Two ways that can help you in making sure that the equipment’s condition is indeed great is by reading its maintenance history and checking it physically. Part of the buying process includes inspecting the machine physically and doing a test-drive just to be sure that it is working well.

Bobcat Skid Steer Dealers: Buyer’s Guide to Skid Steers

Finding the right kind of equipment that will match your business needs is important. It can be the difference between a highly efficient and productive fleet and an equipment storage facility that’s full and never empty.

Why is this important?

Having a fleet storage facility that is always full means your equipment is not being used in jobsites or on projects. Expensive equipment that is not well-suited to your business needs will just rot away somewhere until you decide to sell it for depreciated value.

So what can be done to avoid this?

The key to investing in heavy duty equipment like a Bobcat skid steer is matching its capabilities and main specifications to your needs. You will want to make the most of your investment, meaning it has to be efficient and productive to ensure your ROI or return on investment.

This is not to say that a Bobcat skid steer is a risky investment. On the contrary, skid steers are among the most useful equipment in most jobsites and construction projects, even in DIY home improvement jobs that require a strong and versatile machine like the Bobcat.

So, which aspects do buyers have to consider when purchasing a Bobcat skid steer?

Key Factors to Consider before Visiting Local Bobcat Skid Steer Dealers

Before you start calling or visiting your local Bobcat skid steer dealers, you must first figure out what is the right equipment for your business. This means looking into certain specifications, capacities, and features.

The overall size and capacity of the skid steer.

This is one of the most common, and perhaps obvious, considerations that most buyers look at, besides the price tag, of course. You have to understand though that if you want efficiency and quality from such equipment, price has to take a backseat over frame and equipment size. You can’t let price dictate the kind of equipment you will buy.

Available frame sizes vary from small to medium to large. The size of the equipment is closely related to the types of jobs it is able to perform. So with this factor, you have to determine the intended application for the equipment before you can accurately choose the right frame size of skid steer to purchase and ensure efficiency.

The horsepower and torque the equipment can generate.

Horsepower and torque are the other deciding factors that you must establish before you can accurately choose the right skid steer for the job. This means figuring out how much power you really need to accomplish certain tasks.

But there’s a catch.

In most heavy duty equipment, horsepower is the most common factor that people look at when trying to choose the best equipment for the jobsite. However, when it comes to skid steers, torque is more vital than horsepower. The torque of a skid steer, or any other motor vehicle or equipment for that matter, determines how hard the engine can turn the crank.

So why is torque important in determining power?

Torque is crucial because it is actually what does all the work when it comes to skid steers. When you’re moving materials or dirt using the skid steer, the job is often done with relatively low engine speeds or revs, it’s the torque that actually generates most of the power. This is why torque is the main specification that you should be looking at when choosing a skid steer, instead of horsepower.

The hydraulic and attachment package of the skid steer.

This is where things can get pretty specific. Obviously, you want an attachment package for the skid steer that suits perfectly with the type of job you expect to accomplish using the equipment. Keep in mind that besides frame size and engine horsepower, Bobcat skid steers also come in a variety of configurations specific to particular tasks.

To make the most of the attachments, whatever they are, the hydraulic power included in the package should match the capabilities of the attachment as well. Manufacturers carefully match the hydraulics capacity with the type of attachment and overall package for the equipment. So there’s nothing you should be worried about in that regard.

What you need to carefully consider is the attachment package; make sure that it is perfectly suited to the application you intended for it, if you want to make the most out of your investment.