In order for your construction business to meet the needs of your customers, it is essential for you to have the right equipment for the job. However, if you have only recently started your contracting enterprise, you may not be sure of the process for buying this type of equipment. While opting for used equipment can be an excellent way of getting this equipment for a discount, you may benefit from having these two questions about buying used construction equipment answered.
Is It Better To Buy The Used Construction Equipment At Auction?
There are many different options that you can choose for getting used equipment. In particular, there are some people that may think that going to an equipment auction is the best option for getting cheap equipment, but this may not be the case. When you purchase from an auction, you have no way of knowing whether the equipment will be reliable.
If the equipment was not properly maintained, then it may be far more likely to encounter problems. Unless you are an experienced mechanic, you may struggle to determine the condition of the equipment. When you purchase from an equipment dealership, you can rest assured that it underwent extensive testing and inspections before it was placed on the lot.
Should You Buy An Extended Warranty For Your Equipment?
When you purchase from a dealership, you will be given the option of adding an extended warranty to your purchase. This is usually a good investment because it will offer enhanced protection for a much longer period of time. However, it should be noted that these warranties only cover mechanical problems with the system, and they will not protect you from accidental damages that you or someone else cause.
To protect yourself from this type of damage, you will also need to purchase a separate commercial insurance policy that protects your business's assets. These policies can be somewhat expensive, but they can prove invaluable if your equipment suffers damages that are not covered under your warranty.
If you are needing to invest in purchasing heavy construction equipment, it is important for you to be knowledgeable about what you're getting into. However, those that have only recently started a construction company may not be very informed about this process. Understanding the benefits of buying from a dealership as opposed to an auction as well as the need for an extended warranty and commercial insurance on your equipment will help you be a responsible business owner.
If you're looking for used heavy construction equipment for sale, speak with a local dealer in your area.