In today's tough economic times, companies are always looking for ways to achieve that delicate balance: how to keep growing the business while keeping a close eye on cash flow and the bottom line. Companies in a number of different areas rely on good, solid, dependable equipment to do essential jobs and keep the ball rolling. If you work in the fields of construction, mining, pharmaceutical, or in the food industry, you know that one of your major ongoing expenses is the replacement of machinery equipment.
Buying new equipment is always an option, but many smart business owners who are experienced and knowledgeable know that buying used machinery equipment or used construction equipment is really the way to go. Here are 5 ways that you and your company can benefit from and save money by buying used machinery equipment.
1. You Can't Beat That Price
Depending on the condition of the used equipment you are looking at purchasing, the savings over new usually ranges between 30-70%! This can translate into substantial amounts of money saved not just immediately, but also over time. Most used equipment is priced at about 50% below the cost of new. Not unlike a car, new machinery equipment starts to depreciate the moment it leaves the factory and starts its work. Buying even a gently used piece of used construction equipment can mean substantial savings over buying new.
2. Avoid Costly Loans
The lower cost of used machinery equipment may allow many businesses to avoid having to take out loans from the bank or other lender that are almost always a necessity when buying expensive new equipment. Even if a loan is still necessary, the amount of interest that has to be paid on the loan over time will be considerably less.
3. Save Money By Getting What You Need When You Need It
If you are interested in buying the very latest machinery, manufacturers may not be able to provide you with what you need for at least 6 months. New equipment is not always readily available on demand, and since time is money, this kind of delay is unacceptable for any kind of business. Used machinery equipment is ready when you are: when you visit a quality supplier like Machinery and Equipment, Inc. you can compare different makes and brands and find exactly what you are looking for right away with no delays, no lead times.
4. The Equipment Does What It Says It Does
When purchasing new equipment that isn't tried and tested in real life situations, you are taking a considerable financial risk. You can never be sure whether or not it will perform as well as advertised or even if it will last as long as proven used equipment. Problems with new equipment can cost a company additional money since the machine will need to be replaced and production time will be lost.
5. Reduced Maintenance Costs
Used machinery equipment has been proven to last as long as new models and even cost less to maintain than new machines. Used machinery liquidators often obtain equipment that has not even been removed from its crate or has only been in use for a year or two. Even if a used machine requires some modifications to be made, it will still cost less in the long run than buying it new.
It All Adds Up To A Smart Buy
Buying used construction equipment and other types of machinery adds up to a smart buy when you deal with Machinery and Equipment, Inc. With over 70 years of experience behind them, their experts are ready to help you save money by finding the perfect used equipment to suit your needs.