Whether you're buying new or used, a heavy equipment purchase is a significant investment. It can be challenging to balance the convenience of buying used machinery online with the ability to make sure you're getting what you pay for. We've put together a used heavy equipment buying guide to make the process a bit easier. Before you start shopping, consider these four tips for buying used construction equipment.
If you're unsure of what to consider when buying used construction equipment, you might start by looking at the seller. In this day and age, it's easy to find information online. Before you commit to a purchase, you should always make sure you're dealing with a reliable seller. Whether you're planning to buy from an individual or a dealer, you should be able to find some details about them online. Most dealers will have online customer reviews and testimonials as well as public customer records.
See if the seller can give you the history of who has owned the equipment in the past. When you're buying pre-owned equipment, it's important to know the machine's frequency of use as well as how long it has been in circulation. The buyer and seller history can provide these insights — and if you really want to err on the side of caution, you can also look into the reputation of previous owners to get an idea of how well the equipment has been maintained over the years.
If you can, see if the seller will let you inspect the equipment before you buy it. Most equipment is sold as-is, so it's up to you to make sure you're getting your money's worth. Take a careful look at any pictures posted online, and don't be afraid to ask for extra photos from different viewpoints. You should try to look at the engine compartments and undercarriage before you buy.
One of the best tips for buying used heavy equipment is to keep a record of any purchases you make. It's especially important to do so when you're buying online or from a private seller. Without an invoice or receipt, there may not be a way for you to get your money back if the equipment is not as described. Paying with a certified check is always better than using cash. You should also ask for documentation naming you as the owner of the machinery if possible.
You can be sure you're buying from a reputable dealer when you buy from Cat Used because all of our inventory comes from trusted Cat® dealers. The equipment listed on Cat Used undergoes thorough and transparent inspections — and in some cases, we even have access to the service records.
Feel free to explore the product listings on Cat Used and contact your local Cat dealer to learn more about the equipment for sale near you.