5 Benefits of Buying Former Rental Equipment

Benefis of Buying Former Rental Equipment
Author: Small Business Expert | July 8, 2020 | Topic: Used Equipment

5 Benefits of Buying Former Rental Equipment

When it comes to buying heavy machinery, one option that fleet managers often overlook is buying used rental equipment.

Equipment dealers typically use brand new equipment in their rental fleet. Then, to ensure rental customers do not have any problems with the equipment due to age or wear and tear, dealers "retire" this equipment from their rental fleet in a few years. Although they've been retired, these previously rented machines typically have a lot of life left in them, which makes them an ideal choice for a high-quality machine that won't break your budget.

Here are five of the top advantages of buying previously rented equipment.

 

1. Less Expensive

Buying former rental equipment is significantly less expensive than buying a brand new machine. Because a new machine loses up to 40% of its value in the first 12 months after purchase, you benefit from a substantial discount on its resale price.

If you're looking to grow your business but don't have the money to invest in a brand new machine, buying used rental equipment allows you to pay less for a high-quality solution that will help you make more money.

 

2. Excellent Condition

Equipment dealers have high standards for their rental equipment, and they keep their fleet in top condition to ensure customers are satisfied. Rental machines are meticulously maintained, and they are retired after only a few years so they do not become damaged from use or age. As a result, these machines often have low working hours and high-performance capabilities.

 

3. Guaranteed Quality

A reputable equipment dealer will have detailed service history records. These records should include everything from repairs to regular maintenance to give you the complete picture of the equipment's current health. With access to the service records, you won't have to do any guesswork about the machine's history, which allows you to make a properly informed purchase with reduced risk.

 

4. Large Selection

Because equipment dealers typically have large rental fleets, you will have a wide selection of equipment to choose from. Buying used rental equipment will also give you flexibility when it comes to any repairs or maintenance work. Unlike older used equipment, newer machines are usually compatible with many readily available parts.

 

5. Continued Service

Most dealers will continue to service your equipment after you purchase it. As the original dealer, they have in-depth knowledge of the machine and its history, so they can perform maintenance or repairs with greater speed and efficiency than a dealer who has never worked on it before.

With Cat Used, you can find a local dealer who will provide the after-sale support you need. Your local dealer can also help you navigate your equipment options to find the perfect solution for your application and budget.

Browse Cat Used to Find an Equipment Dealer Near You

As an industry leader, Caterpillar manufactures machines that retain their value, so you know you're receiving top-of-the-line equipment when you buy used from a Cat® dealer.

If you're interested in buying former rental equipment or you have any questions, contact a Cat dealer in your area today.