Is buying a used excavator the right choice?

When it comes to purchasing heavy machinery, one of the most important decisions contractors, construction companies, and landscapers face is whether to buy new or used equipment. Excavators are a vital tool in many construction and excavation projects, and choosing the right one can significantly affect the efficiency and profitability of a business. So, is buying a used excavator the right choice? Here are some key advantages of purchasing a second-hand excavator:

1. Significant Cost Savings
Lower Price: A second-hand original excavator is usually 30% to 50% cheaper than a new one, which is a major advantage for companies or individuals with a limited budget. This can result in substantial savings, especially for large-scale projects.
Slower Depreciation: New excavators experience rapid depreciation in the first few years, whereas second-hand excavators have already passed through the steep depreciation phase. As a result, their value tends to hold up better, allowing you to avoid the sharp decline in value that occurs with new machines.

2. Immediate Availability
Quick Delivery: Unlike new excavators, which require time for production and shipping, second-hand machines are usually available immediately. This is highly beneficial for customers who need to start a project quickly.

3. Lower Operating Costs
Cheaper Insurance: Insurance premiums for second-hand excavators are generally lower than for new ones, especially for machines that have been used for a few years. This can significantly reduce the overall cost of ownership.
Less Financial Pressure: The initial investment for a second-hand excavator is lower, which can help reduce financial pressure, particularly for small to medium-sized businesses or projects that only require temporary equipment.

4. Slower Depreciation
Better Resale Value: New excavators lose value rapidly in the first two years, but the depreciation of second-hand machines has already slowed down. This means that the machine will likely retain more of its value over the next few years, and you could even get a decent resale price when it’s time to sell.

5. Proven Reliability
Clear Usage History: If well-maintained, a used digger equipment may come with a reliable performance record. You can assess the machine’s past usage to predict its future performance with greater confidence.
Tested Technology: Second-hand excavators are often equipped with proven, mature technology, which has been tested in the field. New machines, on the other hand, may have untested features that could present potential issues.

6. Better Technological Fit
Mature Technology and Features: Second-hand excavators often come with established and refined technology, which may better meet your needs compared to new models with less-developed features. This is particularly beneficial for specialized applications where older models may have more suitable attachments or configurations.

7. Maintenance and Support
Established Repair Market: For popular brands, second-hand brand excavator machine have an established network for parts and maintenance services. The cost of repairs and parts is often more transparent and easier to access, making maintenance more affordable. This is in contrast to lesser-known brands, where spare parts and servicing may be more difficult or expensive to find.

The main advantages of purchasing a second-hand excavator are its lower initial investment, slower depreciation, and immediate availability. If your budget is limited or you don’t require the latest technology, a second-hand excavator is certainly worth considering. For short-term projects or moderate use, it offers a better return on investment while reducing financial pressure and operational costs.

Hefei Hengsheng Construction Machinery Co., Ltd. has been deeply involved in the industry for 21 years and provide accurate customized solutions for each customer. If you would like to know more about used machinery, please feel free to contact us.