Whether you’re buying or renting heavy equipment, there are certain details that you should always try to obtain from the dealer or the private seller before you hand over that check.
Bulldozers, excavators, skid steers, wheel loaders—any of these pieces of heavy equipment require serious thought when the time comes to add them to your fleet. There are many considerations that factor in the decision making process. Should you buy the equipment, rent it, or enter a lease agreement? Should you buy brand-new or used?
Regardless of what you decide to do, there are important questions you need to ask before you finalize the deal and hand over that check or sign on the dotted line.
Top 5 Important Questions to Ask the Wheel Loader for Sale Philippines Dealer
So you’ve found the specific construction equipment you want. And it’s a used wheel loader. It looks good and it seems to be in excellent condition. Here are a few questions you need to ask that wheel loader for sale Philippines dealer before you commit to the sale:
- Does the wheel loader function or perform properly?
Whenever you’re trying to buy or rent used heavy equipment, it’s not unheard of to inquire about the condition and performance of the machine. As a customer, you want to make sure that the previously owned equipment you’re trying to acquire is worth the price tag, or even worth buying.
Don’t hesitate to ask the seller to start up the machine. Let the engine run for a while to make sure that there are no issues. If you hear odd sounds coming from the engine, ask the dealer what it could be and see if it can be easily fixed without additional cost.
This is very common with used equipment. There are always a few issues that one might encounter. The question is can the problem be fixed easily without the extra cost? If not, you should consider looking for other options.
- What is your insurance policy like?
Whenever you’re renting or leasing any piece of equipment, you should always take into account the safety and the potential liabilities of your company in case the equipment malfunctions or cause injury to operators. For that reason, you should always remember to ask the rental company about their insurance coverage.
This way, you will have a better idea as to where the renter’s responsibilities end, as it pertains to the equipment, and where yours begins.
- Are there any extra charges or late fees?
Whenever you enter a rental or lease agreement, things don’t always go according to plan. Sometimes, you may need to keep the equipment for a bit longer than expected. In such cases, you may be facing late fees and extra charges. It’s good to know these things upfront, before you sign the agreement.
In the case of lease agreements, you will most likely have the option to buy the machine when your lease is up, depending on the agreement you signed. If you do have that option, it’s important to know how much you will be paying at the end of the lease in order to keep the equipment. This is known as a balloon payment. It varies depending on the agreement and the company providing the lease. So it’s also important to carefully examine the lease agreement before signing.
- Am I responsible for the equipment when it comes to fuel and maintenance?
If you’re going with the rental option, you may want to ask about refueling and maintenance, and whether or not it falls within your responsibilities as the renter. Most rental companies require customers to clean and refuel the equipment before it is returned. Failure to do so will entail extra charges.
However, not all rental companies have this policy. So it’s in your best interest to ask about it on your initial visit, because sometimes it may not be your responsibility to clean or refuel the machine. In cases like these, fuel and maintenance charges may already be included in the rental rate.
- Does the equipment have a complete service and maintenance record?
If you’re buying used heavy equipment, you should always ask for its maintenance records. If the seller has a complete service record for his equipment, it signifies that the machine is well-maintained and properly cared for by the previous owner. That should give you a little bit of confidence as to the current condition and performance of the equipment.