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How To Decide if Used Construction Equipment Has Any Life Left?
Wiki User
∙ 13y ago
Any individual that has ever looked into purchasing any type of heavy machinery can attest to the fact that the prices are incredibly high for newer models, and used construction equipment can often provide the best value for one’s money. However, prospective buyers need to understand that some machinery is on its last legs and could be more expensive to fix than it would be to simply purchase new. Before making any purchases, a consumer needs to evaluate the condition of the used construction equipment and decide if it has any life left.
Every piece of heavy machinery is certainly different, but there are commonalities that can be found in virtually every single one. All used construction equipment should have either an odometer or an hour meter that will allow a prospective buyer to detect how much use there has been. After determining how old the equipment is and how much use it has had, a smart shopper will request copies of any service records. The maintenance performed on the used construction equipment should be suitable when compared to the manufacturers suggested repair schedule.
The service records should also reveal if there have been any major components replaced during the life of the heavy machinery. Used construction equipment that has recently had a brand new motor installed or a new transmission is certainly going to be more valuable and a better buy than worn out machinery. Any problems should be disclosed by the owner of the equipment, but it is definitely not a bad idea to have a mechanic look over the equipment.
Depending on where the used construction equipment is purchased, it may be possible to have some type of warranty coverage. Individuals should take full advantage of any warranties and guarantees that may be available due to the fact that repairs could be incredibly expensive or impossible. An individual should also inquire as to the availability of parts in case there are any repairs that need to be made. Used construction equipment that is no longer supported by their manufacturers could prove to be a horrible buy. The amount of money that can be saved by purchasing used can be staggering, but so can the repair bills if a consumer doesn’t make an appropriate purchase.
Wiki User
∙ 13y ago
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What is the importance of construction equipment preventive maintenance?
To keep parts from wearing or breaking prematurely or at an inopportune time. It also prolongs the life of the equipment and lowers maintenance costs.
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How to Find Used Construction Equipment?
Heavy equipment is very expensive to purchase brand new. You want to get the most life out of your equipment that you can, but sometimes it can no longer be repaired, no matter what you do. This is when it’s time to replace it with something better. But before you go looking for a new piece of construction equipment, you might want to think about checking out used construction equipment. You can often find exactly what you’re looking for at a fraction of the cost you would pay for a new model.Look OnlineThe Internet is a wonderful place to find anything used and construction equipment it no different. There are several excellent online resources that deal strictly with used heavy equipment. You can find everything from earth moving equipment to snow blowers – it’s amazing what you can find used online. Online websites usually have feedback and other methods of checking on the credibility of those wanting to purchase from them. This assures you of a safe and secure transaction and allows you to check things out before you buy.Easy to UseThese types of sites are easy to use. Anyone who has access to a computer can easily look for used construction equipment this way. You can register to sell your used equipment as well. Many of the online trading and buying sites have equipment locators too. You can put it where you live and then it tells you what is near you. If you can’t find used construction equipment at one of these companies they often have sources for new models.Local SourcesYou might also want to check out local sources for used construction equipment before going online. Places that deal in farm equipment or landscaping businesses may know when someone has something used to offer. Other places like local feed stores and farm supply stores often have a bulletin board where you can post used construction equipment to buy or sell. Farm auctions and government auctions can also be a great source for this type of things too. Just make sure you try out any type of heavy equipment before you put your money down. Once you are satisfied everything is in order than go for it. Used equipment is a great way to save money.
What are the Factors affecting the selection of construction equipment?
Factors Affecting the Selection of Construction Equipment1. Standard type of Equipment. There is no such definition of standard type of equipment. An equipment maybe standard to one contractor but may not be to another. It depends on the operations of a contractor/company.2. Special Equipment. One definition of special equipment is one that is manufactured for use on a single project or a special type of operation3. Replacement of Parts. One factor in the Selection of branded equipment is the availability of replacement parts. When buying equipment, spare parts must be readily available or could be easily purchased. A truck with a broken axle is useless until the axle is replaced. A contractor should know where to obtain spare parts for his equipment, if not, then it may be wise to purchase or rent another equipment.4. Cost of Owning and operating construction equipment. There is no exact method of determining the probable cost of owning equipment. Carefully kept records should give information as a guide as to the type of equipment you need to purchase. The number and the kind of projects a contractor is involved in should indicate what kind of equipment he has to purchase.5. Economic life of construction equipment. The owner of the construction equipment should be interested in obtaining the lowest possible cost per unit of production. In order to accomplish this objective, he must follow an informed program of equipment replacement. How many years will he use his equipment?? Do his maintenance costs warrant the operation of the equipment or is there a need to dispose the equipment and buy another on?? The owner must consider all the costs related to the ownership and operation of the equipment. The costs to be considered are: depreciation and replacement, investment, maintenance and repairs, downtime, obsolescence. An analysis of the effect which hours of usage will have on each of these costs will establish the time at which a machine should be replaced.6. Sources of Construction Equipment. Contractors are frequently concerned about whether to purchase or lease construction equipment. Under certain conditions, it is financially advantageous to purchase whereas under the conditions it is more economical and satisfactory to rent it.Three Methods by which a contractor may secure the use of equipment1. Purchase2. Rent (Lease agreement)3. Rent to ownA. Advantages of owning equipment1. it is more economical if the equipment is used sufficiently.2. It is ready available or immediately at the disposal of the owner.3. It is better maintained and better in mechanical condition.B. Disadvantages of owning equipment1. It is more expensive than renting.2. Substantial investment is required.3. The ownership may influence the contractor to continuously use the equipment in lieu of more modern equipment.4. The ownership may influence to do the kind of work using his equipment but that which may require different equipment.5. The ownership may influence the contractor to use equipment beyond its economical life.
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