The used Construction Equipment market is quite promising ahead in India as many people started realizing the need of using second-hand construction equipment in order to reduce their project cost. The used construction machinery is having various other advantages which considered at the time of purchase.
The prime reason to prefer used machine is pricing. Contractors purchase the second-hand machines only to reduce their overall project costs. The other benefits which can consider at the planning stage are as follows:
When you buy the used construction equipment means you are buying it in depreciated value. Usually, the price of construction machinery can depreciate around 20 to 40 percent in the very first year depending on the condition of the machine. As you have purchased the machine in depreciated value, its resale value will hold for a longer period and potential loss in selling used equipment is less compared to selling new equipment.
Maintenance holds value for long
As we said above, the potential loss in selling used equipment is less compared to selling new equipment. The real value of any used construction machinery entirely depends on its maintenance. As long as we maintain it, the resale value of your machine will be high and anytime in the near future, it can be sold to price close to it was purchased.
Many construction equipment manufacturers started coming up with machines with the latest technology. However, it is one of the facts that technology in heavy construction equipment does not change rapidly, so there is no issue or any disadvantage of using three to four years old machines for the project.
Low cost of ownership
With the purchase of the used construction machine, you can be the owner of the machine at a low cost. Many contractors require the specific equipment for specialized work on the site, in that condition owner can manage to purchase the second-hand machine at a low price and it also gives the flexibility to upload it after the use without any major loss.
Avoid long order with new
Many times, people have a long waiting list when looking for a certain type of new heavy construction equipment. But construction projects always get delayed due to various other reasons. Thus, contractors do not want to wait for long for the delivery of the new machine, and it can be fulfilled with the purchase of the second-hand machine. With the emergence of online portals like www.equipmentonestop.com, the buying any types of used construction machine in India has become quite easy.