Economic uncertainty has affected many, including those in the crane market. This has led to crane manufacturers unwilling to go into production at full steam if there is no demand to meet their supply. However, this isn’t all bad because crane manufacturers have been able to maintain their prices as the market isn’t saturated and competition is rife. It’s also had a positive knock-on effect on the used crane market as people look towards used cranes as a viable option. If you’re considering purchasing a used crane, here are some reasons why you should.
Equipment at the Right Price
First, you get a piece of much-needed equipment for considerably less than a new one. Cranes are reliable, so are less likely to break down. What’s more, although machinery depreciates, if the crane you’ve purchased is well maintained and has all service and repairs documented, you’ll be able to know if it’s been well looked after.
This brings us to inspecting the crane. If you don’t have an employee who is able to tell you whether a used crane you’re interested in is worth purchasing, it may be worth paying money to have an independent certified crane inspector do it for you. They’ll provide you with the required information to consider whether purchasing the used crane you have in mind is worth it, along with how much it’d cost to replace it. The last thing you want to do is to randomly purchase a crane, without any safety or repair records, and have it stop working after a few days. If you’re working to a tight deadline, then this could seriously cost you money.
Upfront Savings
Lifting equipment is an investment for any business where this type of work is regularly undertaken. As the buyer, you want to know the way you’re spending your money is beneficial to your business by helping it to grow. With new and used cranes for sale at TRT Australia, you’ll be able to find one that’ll suit your budget. Used cranes can save you up to approximately 50% of the cost of a new crane. With the savings you make, it actually gives you more buying power to dedicate this money to other areas of your business that need it.
Equipment Familiarity
The chances are if you’re buying new equipment, this could require your workforce requiring extra training that could add to your costs as well as the time it’s taken to actually have the equipment arrive at your premises. Opting for a used crane will mean that your workforce will know how to use it without requiring retraining, saving you both time and money. This is especially vital when a project is time-dependent.
Project Flexibility
As you’re most probably aware, short-term construction jobs that require specialist equipment are fairly common. Purchasing new equipment could take weeks, so opting for used equipment that’s readily available makes sense. Furthermore, as soon as you’re done with it, you’ll be able to sell it for a little price difference. As machines depreciate quickly, you’ll save more money selling a used one, instead of purchasing a new one and doing the same.
Proven Performance
Used cranes have a proven work history, so you know they’re reliable, which can provide a lot of value to your business. Furthermore, distributors that have partnerships with long-standing and reputable used crane dealers will mean you’re able to find an impeccable crane.
However, before you purchase a used crane, you should consider where the crane was used, for how long, and the year of the model. This is because there are several factors that can compromise the quality of a used crane. One includes demolition or shock load, which can damage a crane as much as corrosion. Corrosion is one of the most destructive elements to affect a crane. However, it tends to be heavily overlooked. Any repairs made to a used crane should be appropriately documented in compliance with the standards of the Occupational Safety and Health Administration (OSHA).
When you’ve got a tight budget, you need to look at cost-saving options so that you can keep your business trading. This includes paying your employees, creditors, and utilities. Used equipment can be an effective way to save money and keep within your budget. Therefore, purchasing a used crane is a cost-saving option when your budget is limited is a good idea. Make sure you’ve done your research and select a reputable used crane business to buy a crane from so that your money is well spent on a safe and reliable piece of equipment.
