The Benefits of Buying Used Heavy Equipment

A used orange forklift carrying two large boxes in El Paso.If you have an El Paso business that requires heavy equipment and machinery, you understand how expensive they can be. New heavy equipment can cost hundreds of thousands of dollars depending on your needs and the equipment you’re purchasing. Because of the sheer expense, many business owners are looking for a more affordable option. 

If you’re looking to save money with machinery acquisitions, Prana Machinery in El Paso supplies used heavy equipment for sale. Contact us online or call (915) 779-2711 today to learn more.

7 Reasons to Buy Used Heavy Equipment Instead of New 

A Lower Upfront Cost 

The most significant advantage of buying used heavy equipment is that it will cost far less than new machinery. For instance, a used forklift or skid loader will cost a fraction of what a new one runs. The money you save by purchasing a used piece of equipment is valuable if you need to purchase other things. In most cases, used machinery is just as reliable and productive as new equipment. 

Less Depreciation on Your Purchase 

As with buying a new car or vehicle, the value of new heavy equipment depreciates the second you use it. By purchasing used heavy machinery, however, you can avoid this depreciation, and your machine will retain its value for years to come. 

Maintains Resale Value 

Because used heavy equipment depreciates slower and less than new equipment, it will have a higher resale value if you ever want to sell it. Resale value is significant if you only need your heavy equipment temporarily but want to avoid paying for a long-term rental

If you don’t know which option is right for you, contact us for the best used heavy equipment for sale, rentals, and new machinery in El Paso. 

Insurance Won’t Cost as Much 

Heavy machinery is exactly like cars in that the insurance cost coincides with the product’s cost. The cost of insurance for new heavy machinery is astronomically higher than the cost of insurance for used machinery, similar to how insurance for a corvette is more than the insurance for a used Honda Civic. 

It’s Available Immediately 

Because of how sales are finalized for used equipment, the process is much quicker than selling new machinery. In most cases, you can use your equipment the same day you purchase it, whereas, with new machines, it takes time to process the sale and make the delivery. There’s also a good chance you’ll get put on a waiting list since the demand for new machinery is higher than the supply. 

Plenty of Options 

Although buying used heavy equipment doesn’t give the option of customization, you can typically find exactly what you’re looking for. The market is currently flooded with used heavy equipment, which means that although you can’t fully customize your machine, you can find something very close to it for a fraction of the price. 

More Eco-Friendly 

While heavy equipment is rarely eco-friendly, it’s closer to it when you purchase used heavy machinery. Buying used equipment reduces the number of new machines created each year, reduces the steel and iron that gets put toward it, and makes it so that there’s one less machine that needs to get scrapped.  

Who Has the Best Used Heavy Equipment for Sale in El Paso? 

If you’re looking to save money and take advantage of the benefits of used heavy equipment, contact us online or call (915) 779-2711. We have one of the largest selections of used heavy equipment for sale in El Paso, and all of our machines are checked, tested, and serviced regularly.