Like Buying A Used Car: Things To Know Before Buying Used Heavy Equipment

Many people know what it’s like to shop for a used car. When visiting a local dealership, you’d find many that are functional and barely look used. But after a test drive, you’d see the others seem rescued from a monster truck derby and held together with glue and duct tape. 

 

For heavy equipment, it’s somewhat similar. However, many dealers of this sort are much more careful with what they sell. Since these machines are practically built for heavy-duty use, lower-quality used equipment will break down in the middle of the job if not serviced for repairs and maintenance beforehand. 

 

Price-wise, they vary between when and where they were bought. Like cars, their value depreciates as soon as they leave the dealership. Still, those used for an entire year may be as strong as new machines.

 

There are a lot of factors that should go into buying used heavy equipment. Understanding what they are may give you some insight into what to expect when shopping for these construction machines.

 

Repair costs

If you find a suspiciously affordable heavy machine, you’re dealing with something that will siphon your money through maintenance, part replacements, and repair jobs. Of course, not all used heavy equipment on sale are like this, but you need to be wary of too good to be true deals. These may cost you dearly after signing the ownership papers.

 

Supply and demand

Supply and demand can go three ways: One is through the amount of available heavy equipment (of your choosing) in the market. The second is the demand compared to other machines and, finally, the effect of global economies on producing this heavy equipment. Every piece that goes into making them doesn’t come from a single, local source but various sources worldwide.

 

If there’s a pandemic, a war, inflation, a shortage, or something big happening somewhere, there’s a chance that the prices for heavy equipment either fluctuate. There’s also a chance they can deflate in value mainly due to economic factors, such as recessions that lower the demand for construction projects. Whichever the case, anyone in the market for buying heavy equipment should be in the loop for any changes in the world. This can help prepare for price changes in the construction machinery market.

 

Brand

When it comes to used machines, every brand handles them differently, and every dealership sells them differently. When it comes to Monark-Cat equipment, it’s making sure every machine works like a dream.

 

For instance, did you know that every used CAT machine undergoes a 140-point inspection to ensure that it is in tip-top shape and of Caterpillar standards? After all, the best way to assure customers they are getting the best is by proving every machine going through testing will be 100% reliable for years to come. 

 

But even with these strict inspection standards, CAT machines are still given substantial warranty benefits, including product support, extended coverage options, and other features guaranteed to provide owners with peace of mind.

Overall

Many factors affect the price of heavy equipment, but everyone wants a machine that works like a dream and won’t cost a fortune to get up and run. That’s why many people in construction prefer shopping for used equipment from Monark-Cat. Why? It’s a guaranteed quality product that they’re receiving. As mentioned above, every heavy equipment is rigorously tested and inspected by certified CAT professionals. Sure, you can get a similar machine for half the price, but the extra cost of getting it serviced may not suit you from a financial perspective.

 

Considering this can make or break your business and operations, never settle for less! Look for quality used equipment for sale from Monark-CAT!

Monark Equipment Corporation is the leading Cat® dealership and heavy equipment supplier in the Philippines. Established in 1962, it continues to be at the forefront of the country’s construction sector, committed to providing excellent and internationally acclaimed brands in heavy machinery and power systems machines for diverse construction projects and industries.

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