Do you need a heavy piece of construction equipment for an upcoming project? If you have never purchased from an auction before, it’s understandable that you may be hesitant. However, buying heavy pieces of construction equipment, like excavators, from auctions, come with a range of benefits.
Once you familiarize yourself with the process and attend your first auction, you will feel more confident to purchase used excavators. The construction businesses and real estate developers are always looking for strategies to decrease operating costs. Moreover, the decision-makers are under additional pressure to discover new and innovative ways to reduce costs.
One way to accomplish this is by investing in used construction equipment like excavators. By participating in a machinery auction, you can expand the capacity of your company. Here are some of the key advantages of investing in used equipment from auctions.
Get excavators at better prices
It is essential that you allocate funds to various areas of your business. And buying new heavy machinery can deplete your budget. The best way to cut costs is by investing in used excavators. New machines are not affordable and depreciate over time. On the contrary, the used equipment won’t depreciate as quickly as new machinery. Buying new offers you the ability to get quality machinery for your upcoming projects.
It is common to come across more options at equipment auctions than at a dealership. Moreover, many auction companies offer you the opportunity to buy online. And when you are placing bids, you will have access to a wide range of excavators.
You will see machinery from individual sellers and companies upgrading their inventory at auctions. And don’t think that all these excavators are inferior in quality. Sellers who have listed excavators on auction platforms maintain them properly for the desired results. Whatever model, series, or type you are looking for, you can bid on auctions across the year.
Buy when required
In today’s time, a significant part of doing business involves boosting your manufacturing capabilities. Auctions are more convenient than taking a trip to the dealership. Once you successfully place a bid on the excavator, the auction platform will ship it straight to your facility.
However, placing an order at the dealership involves longer wait times. If you need an excavator and need it soon, equipment auctions are a worthwhile option. Most auction platforms will let you finance the excavators just like authorized dealerships.
Another great advantage of purchasing used or surplus industrial equipment is that you can comply with your sustainability goals. The manufacturing of new equipment can lead to excessive greenhouse emissions.
However, when you are buying excavators from an auction, you’re actually contributing to the environment. Moreover, by buying used machinery, you’re helping drive the circular economy. You are also preventing the usable materials from ending up in scrap.
Auctions are transparent
In online auctions, most sellers will have proper documentation of maintenance and service records. In other words, you will be well aware of the current condition of the excavator. Most auction platforms also offer superior protection against fraudulent purchases and defective items. You can stick to your budget by buying used excavators from auctions.
Decreases lead times
Your supply chain is a lot more delicate than people might believe. You can’t afford to have your operations shut down because of a shortage in the supply chain. By buying used and surplus equipment, you can bypass the conventional supply chain.
Keeping the production on schedule becomes a lot easier when you procure excavators and other used equipment pieces from auctions.
With an online machinery auction, you can find the equipment you need much closer to your location. This will allow you to eliminate shipping disruptions or even wait on the manufacturer to adhere to strict timelines.
Your company can benefit from the lower costs of used and surplus equipment through online auctions, and, without consuming a lot of capital, you can start your project.