Used Heavy Construction Equipment Checklist

What are the checklist for used heavy construction equipment? When purchasing used construction equipment, buyers can save a lot of money. “Demand for equipment with low hours and a manufacturer guarantee is robust,” says Dennis Howard, RDO Equipment Co.’s vice president of Fleet and Remarketing. Howard knows what purchasers should look for when acquiring a secondhand machine, having spent more than a decade at the dealership, which spans nine states.

Buy Your Equipment, on the other hand, knows how to be a successful secondhand equipment buyer. Every year, the company sells billions of dollars’ worth of heavy equipment and trucks through more than 40 permanent auction sites across the world as well as other selling platforms including Buy Your Equipment and a reserved marketplace with “buy now” alternatives.

Another key benefit for buyers, according to Ian Malinski, media relations manager for Buy Your Equipment, is the instant availability of used construction equipment. “New equipment, especially specialised goods, can be difficult to come by,” he explains. “Wait durations might range from months to years, depending on the asset. Today, we have equipment that is ready to be delivered to a new owner.”

Malinski and Howard outline excellent practices for avoiding purchasing a machine that isn’t worth what you paid for it or creates a lot of difficulties, no matter why you’re looking to buy old equipment.

1) Have the dealer get the machine’s data.

When purchasing heavy equipment, make the most of your dealer ties. “Even if they don’t buy the gadget from us, we will assist them in their research,” Howard says. “We’ve seen tractors that appear to be in great condition, only to discover they’ve been waterlogged, totaled, or rebuilt.”

2) Look for evidence that the machine hasn’t been properly maintained.

Howard looks for small details that reflect how effectively a machine has been cared for during a physical inspection. “Are there any welds that have been replaced?” Is it wired for a cylinder where it should be? Are there any components that don’t match? “Those are red flags,” Howard says.

3) Start the machine and bring it up to speed.

Running a machine for 15 minutes versus all day is not the same thing. “You’ll see a variety of concerns,” Howard predicts. “Run it hard enough to get a good idea of what you’re going to get.”

4) Have the machine inspected by someone you can trust.

The people checking the equipment, according to Malinski, range from firm presidents to equipment managers, technicians, and expert inspectors. Professional inspectors from Buy Your Equipment. evaluate machines and provide assurance about their condition at the time of purchase. “We aim to provide purchasers as much information as possible so they can make an informed selection on auction day,” Malinski explains.

“Trust is the most important criterion for me,” Howard explains. “I’d like to know who’s inspecting the machinery.” The individual should have extensive mechanical or operating experience with construction equipment at the very least.

The pandemic has changed the way people buy old equipment, making it increasingly difficult to view it in person. Sellers, on the other hand, are adapting. In mid-March of 2020, Buy Your Equipment shifted all of its auctions online. “We’ve experienced exponential growth in attendance,” adds Malinski. More than 11,300 online bidders participated in a recent auction in Fort Worth, Texas, resulting in $68 million in equipment sales – a 64 percent increase in bidders over the same auction in 2019.

RDO Equipment is using FaceTime and other video apps to give consumers a custom closeup look at the equipment for those who don’t want to travel during the pandemic.

5) Be wary of deals that appear to be too good to be true.

People, according to Howard, make poor purchasing decisions when they are so enthused about a deal that they neglect to complete their study. “We generally figure out why the agreement was made,” Howard explains.

6) Do some research on the seller.

“Work with a corporation that is upfront, honest, and trustworthy,” Malinski advises. Knowing the seller, whether it’s a local dealer or a well-known auction house, reduces the danger of purchasing secondhand equipment. Buyers should use caution while purchasing equipment online. Not everyone who sells used equipment is trustworthy.

Unscrupulous sellers have been known to market equipment that they do not own, according to Howard. “I would stay away from a seller who can’t give you references of other individuals they’ve sold to,” Howard advises. Used equipment sellers who are members of the Independent Equipment Dealers Organisation IEDA, a non-profit trade association, adhere to the highest ethical standards.

7) Get answers to your questions.

Buyers should be wary of sellers who are unwilling to answer their questions. “Ask for the machine’s history, for the specifics,” Howard advises. “Have someone else look into it further.”

Source

Who Buys Construction Equipment?

Buy Your Equipment buys all sorts of equipment such as backhoes, bulldozers, compactors, excavators, track hoes, telehandlers, forklifts, cranes, motor graders, air compressors, crawlers, loaders, drills, forestry equipment, oilfield equipment, off-highway trucks, scrapers, skid steer, skip loaders, wheel loaders, dump trucks, tractors, trailers, and much more. Whether you have one piece or five hundred pieces, Buy Your Equipment is always here to help. We Buy Heavy Equipment daily. Give us a call, at 945-400-6965 or visit buyyourequipment.com.

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