Buying used equipment is a consideration many construction companies make when they're looking to grow their fleet and give themselves with the opportunity to take more jobs. You can enjoy many advantages from buying used, and used equipment makes an excellent choice for many companies. Below, you can find some of the top benefits of buying a used wheel loader:
Buying used equipment is a great choice for companies interested in machines at a lower price point. One of the top advantages is that used equipment comes with lower initial investment costs. Despite the equipment being previously used, you can still get several years of profitability out of it. Reputable dealers will ensure any piece of used equipment they sell has been well-maintained, so you get your full money's worth.
When you buy older equipment, you won't see high depreciation costs. The longer a piece of equipment has been on the market, the more its costs will settle. With its value staying steady, used equipment typically experiences slower depreciation. Buying used means you don't have to bear the brunt of a piece of equipment's initial depreciation. Since you won't have as much depreciation, you can often get a better resale price in proportion to what you initially paid.
Since a used piece of equipment is usually on the market for some time and standard across the industry, your staff may already be familiar with it. The widespread use makes it more likely your staff members will already have experience operating the equipment. This saves your company time on training and gets your equipment rolled out to work sites sooner.
Many dealers offer warranties for the used wheel loaders they sell. These warranties can give buyers who want to ensure they're getting high-quality used equipment some peace of mind. You may be offered multiple warranty options and packages, meaning you can find one ideal for your needs.
Used equipment generally comes with lower insurance costs since most insurance companies base their pricing and premiums on how much it costs to replace the equipment. When you buy used, the equipment's replacement costs are going to be lower, which means your insurance costs will be lower as well. This can save your company money in the long term and keep your monthly costs lower, freeing up capital for other ventures.
As you search for a used wheel loader to add to your fleet, you should have some criteria to evaluate a wheel loader's capabilities. There are different brands, sizes and types of wheel loaders you'll see while you search, so it's essential you can pick out one that meets your needs.
Learn more about what to look for when buying a used wheel loader by considering the following:
As you look to purchase a wheel loader, you need to inspect it first. A dealer should be able to provide you with relevant documents for the service history of the wheel loader and tell you how the machine was used in the past. Additionally, you should conduct an inspection of the major parts of a wheel loader and take it out on a test drive.
Check out the top four used wheel loader inspection tips:
One of the first things to check before buying a used wheel loader is the maintenance and service history. A good dealer will have information on when the machinery was last serviced and the type of maintenance performed on it. You should check to ensure the previous owners stuck to the recommended maintenance intervals since keeping up with them can greatly extend the life of a wheel loader.
If a wheel loader has a track record of preventative maintenance and inspections, you can be more confident in its reliability.
You want to be sure the piece of equipment you buy is worth the money. Any reputable dealer will allow you to conduct an independent inspection on the wheel loader. As you conduct the inspection, you can review the major areas of the wheel loader for damage, including:
Knowing how a wheel loader was previously used can help you better predict how long the machine will hold up. Ask the dealer about who previously owned the machine and if it was utilized for handling exceptionally heavy or rough materials. Find out if the wheel loader was used during the week or also on the weekends to determine how often the previous owner had the machine running. The machine's history will give you an indication of how reliable it will be.
Always take a wheel loader on a test drive before you make a purchase. On this drive, you can get a sense for how it handles and verify everything works properly.
On this test drive, you can check to see if you can shift through all the gears without any issue. You can also see the low and high engine RPMs, as well as check to see if there are any irregularities in significant areas like the bucket link or center articulation joints. Issues like these could indicate you may be stuck with repairs shortly, so a test drive is a must.
Buying from Cat Used is a smart choice when you're looking to purchase a used piece of equipment. Cat Used is a go-to destination for anyone who's looking to find high-quality, reliable used Cat® equipment at affordable prices. As you browse Cat Used's inventory, you'll find a full line of Cat Used and Cat Certified Used products.
Some of the top benefits to buying from Cat Used include:
With all the advantages that come with buying from Cat Used, what are you waiting for? Browse our inventory of used wheel loaders today.
If you like what you see in our inventory, find and contact a Cat dealer in your area to learn more about the equipment and purchase it. If a machine isn't immediately available, sign up for email alerts to know when a piece of equipment is ready for you to use.