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Apply NowContractors and construction companies face tight budgets and high equipment costs, which makes buying used equipment an attractive proposition instead of opting for new heavy-duty machinery that will leave a dent in capital expenditure allocations. While this route allows companies to access equipment at a lower price point, there are important factors to consider before choosing used equipment.
In this article, we explore why certified used equipment is a growing trend and find out more about the benefits of certified used equipment for greater peace of mind.
The global Used Construction Machinery market was valued at just over $95 billion in 2023, with an expected CAGR of 3.6% from 2023 to 2030 to reach $122 billion by 2030. The reasons for the market’s steady growth include:
Standard used equipment may not have been inspected, repaired or warrantied, whereas Cat® Certified Used equipment is preowned machinery that has passed a rigorous, multipoint inspection by authorized dealer technicians. Criteria include:
Here are some of the benefits of purchasing Cat Certified Used equipment:
Certified used equipment costs much less than new, which makes it easier for contractors to increase the size of their fleets or replace aging equipment. Cost savings are particularly important if companies need to free up cash flow or use capital for other business needs without risk, since certified equipment provides peace of mind that the machinery is in top working order.
New equipment loses value quickly in the first year. Buying used equipment allows contractors to stay ahead of the depreciation curve. With regular checks and the right maintenance, certified used equipment can keep performing for years. Additionally, its documented condition and warranty mean it has a better resale value than standard used equipment.
A machine advertised as certified used is available for immediate purchase and delivery from a dedicated Cat equipment provider. You can choose from various certified used models that are in stock and ready to meet different project needs. This availability helps you avoid delays caused by long waiting times for new equipment orders and keep projects on schedule.
When considering whether you should buy Cat-certified used equipment, a full maintenance history and inspection record help take the guesswork out of your purchase. You’ll also have a manufacturer-backed warranty covering major components and access to expert technicians, genuine parts and service agreements.
When you buy certified used equipment, you are essentially extending its life cycle and reducing the need for new manufacturing, which saves resources and energy. Keeping a machine in use for longer delays its journey to a landfill and supports a company’s green initiatives, which is good for the environment and lands well with sustainability-conscious investors and consumers. If concerned about aging models or parts, certified used programs often include updates to meet current emissions or safety standards.
The advantages of Cat Certified Used equipment are many. For complete assurance, look for all the factors that make certified used equipment a definite benefit for your project and company in the long term.
Certified used equipment is an excellent option when you need to increase your fleet or inventory without high costs. Blanchard Machinery Company has been in business in South Carolina since 1982, offering the highest quality products and exceptional expertise. As an authorized Cat dealer, we have a range of Cat-certified used construction equipment for sale, giving you a choice of the machinery you need for less. You can expect:
The goal of buying certified used equipment is to balance cost savings with quality and reliability, ultimately boosting your construction operations without overburdening your budget. Blanchard Machinery Company offers quality, reliability and support for every purchase. Contact us today to explore the advantages of purchasing certified used equipment, including the assurance of quality and performance through thorough inspections and certifications.