Buying used heavy construction equipment can be a great idea because you’ll be able to acquire high-quality equipment for a good price that doesn’t break the bank but can help you boost your own business and get the job done.
However, there are obviously risks associated with buying used equipment, such as problems with the equipment, faults and scams, all of which are going to leave you out of pocket and potentially in financial danger. This is why you need to get things right.
Today, we’re going to explore the five need-to-know tips to remember when buying used heavy construction equipment, ensuring you’re able to find the right tools for the job.
#1 – Check the Equipment History
Regardless of where you’re planning to buy your used equipment from, there are two important things you’re going to want to be thinking about; outstanding credit and theft. If the equipment has been stolen, you buying it can put you at risk of being liable for the claim.
You’ll also want to make sure there’s no pending credit left to pay. You can check both of these things by checking out the equipment registration codes and VIN numbers and checking them in a database to ensure they’re clear.
#2 – Checking for Faults
Before you make a purchase, it’s imperative that you take the time to see it working in action. You’ll also want to check the machine and equipment over to see if there’s any noticeable faults, damages or problems.
Since you’re potentially spending a lot of money on this equipment, it might even be worth enlisting the help of a professional to come and check the product over with you, so you have an expert opinion before handing over your money.
#3 – Only Buy from Reputable Companies
One of the best ways to protect yourself from the risks of buying used equipment is only to make sure you’re only buying equipment from reputable companies. This includes larger construction companies and those that are well known.
For this, you can research the company using public company records, looking at online reviews and looking at customer testimonials. If the company or seller is treating their customers badly, you can only imagine how they’re going to treat you.
Alternatively, always used a reputable third-party selling platform to find used heavy equipment to help alleviate the risk of buying into a scam.
#4 – Check Operating Hours
One of the best to check the condition of the equipment is to ask and check how many operating hours it has. While the equipment might not seem well used, a good clean up job can potentially cover up years’ worth of use, which is only going to cost you expensive repair bills in the future.
#5 – Always Keep a Record of Purchase
Due to a lot of the points we’ve spoken about above, you’ll want to make sure you’re receiving proof of purchase, such as a receipt, that proves that the transaction has taken place. If the seller is unable or unwilling to do this, this indicates a huge potential problem.
In the event the equipment is stolen or faulty, there’s no way you’ll be able to prove the problem wasn’t yours, and this can ultimately leave you in a lot of trouble.
As you can see, there are plenty of things you’re going to want to think about when it comes to buying used heavy construction equipment. Just remember to always keep your wits about you and listen to your gut instinct.