Purchasing New vs. Used Heavy Equipment in El Paso

When looking into heavy equipment, you have an important choice to make. One of the first things you have to ask yourself is whether you want new or used heavy equipment. To make your choice, you have to consider the many ways you could benefit from each, including some downsides to both new and used equipment. 

Are you looking for used heavy equipment, including used forklifts in El Paso? If so, contact us or call (915) 779-2711 today!

Benefits of New Equipment

Latest Updates/Technology  

One of the significant benefits that new heavy equipment offers is that you can experience the best of the latest updates in technology. Nowadays, manufacturers are constantly making breakthroughs with their products, especially regarding equipment for the construction industry. These updates and new technology offer improved operations, safety, and efficiency. 

Reliability 

Purchasing new equipment means you are the first to own and operate the machinery. That means you do not have to worry about any hidden damage or the likelihood of malfunctioning. It’s doubtful that you will experience any significant issues right off the bat. So when you purchase new equipment, you can rest assured that it will operate as promised! 

Fewer Concerns Regarding Repairs

The more new models are coming out, the less room for the possibility of having to get repairs done. Should you need to get repairs done, they will probably be minimal and won’t cost nearly as much as significant repairs. You should only expect to conduct major maintenance or repairs on your new equipment after years of owning the machinery. 

Guaranteed Employee Satisfaction 

Customers walk away happy when they invest in up-to-date machinery. This is because new heavy equipment is seen as easier to operate than older equipment. While not all construction professionals mind, efficiency may be a factor for newer El Paso companies. Overall, the more confident one feels in new equipment, the more that can be achieved during work and on-site. 

Benefits of Used Equipment

Fewer Upfront Costs 

While newer equipment is always fun to own, these heavy machines can be quite costly, even if you consider financing, which is why machinery such as used forklifts may be a better option. When financing, you also have to worry about the insurance rate you will get (which we’ll discuss more in just a minute). If your El Paso company is on a budget and you need something fast to get work done quickly, used heavy equipment might be a better choice. 

Decreased Insurance Rates

Because newer equipment costs more, getting a reasonable insurance rate is harder. This is not the case with used heavy equipment such as used forklifts. Almost always, you can buy used heavy equipment at a low-interest rate. This, in turn, means fewer costs and much less to worry about when it comes to supplying your business with the heavy equipment you need. 

Wider Selection 

Due to shortages and delays in manufacturing, it is much easier to look through a catalog of used heavy equipment. Used equipment, such as used forklifts, typically stays more in circulation than new equipment because of the high demand they call for. You will likely have a better chance of finding the right equipment for your El Paso business at a price you can work with than finding something brand new. 

Find The Perfect Equipment at Prana Machinery 

At Prana Machinery, we provide used heavy equipment and used forklifts to support El Paso businesses of all kinds and their day-to-day operations. If you are in need of equipment, we encourage you to give us a visit. Contact us or give us a call (915) 779-2711 to learn more!