When choosing an excavator, many people struggle with the decision: should they buy a brand-new machine or opt for a more affordable used one? New machines offer excellent performance and come with manufacturer warranties, but their high price tags can make the initial investment daunting. While long-term projects can provide good returns, short or medium-term jobs may leave the machine sitting idle, leading to depreciation and other issues. In this article, Tiedou presents four key reasons to consider purchasing a used excavator, which may help guide your decision.
1. Lower Investment, Faster Returns
The cost of investing in a used excavator is often half that of a new one, and with a bit of luck, you might find one for even less. This significantly reduces the investment risk. Typically, the cost recovery period for a used excavator is less than a year. In contrast, new machines face depreciation rates of over 10-15% annually, leading to substantial financial loss. Used excavators, on the other hand, depreciate at a rate of about 5% per year. If you maintain the equipment well, you might even be able to sell it for a decent price after a year or more of use. Whether you're an individual buyer or a business, the lower risk and comparable return rates make used excavators an attractive option. This is one of the main reasons so many people choose used equipment.
2. Immediate Availability – No Waiting
For many excavator dealers, not all models are readily available, and some may require long waiting periods. Used excavators, however, are typically sold as-is, meaning buyers can quickly acquire and start using the machine, reducing downtime and boosting efficiency. In some countries, certain models may not even be available for purchase, requiring long waits for production or delivery. For buyers who need equipment urgently, this can be a major inconvenience. With used excavators, you can avoid this hassle and get to work faster.
3. Wider Range of Choices
When buying new, you may be limited to choosing between specific brands or models, each with varying resale values and price differences. In contrast, the used excavator market offers much greater diversity. At Tiedou’s used excavator trading network, for example, you’ll find not only a dozen leading international brands but also rare models and specialized equipment. You can even customize the machine to suit your needs, adding accessories or making modifications. Want a specific color? Tiedou can accommodate that as well. Although customizations take time, Tiedou typically completes modifications within 7 to 15 business days. This flexibility gives buyers more options, especially in regions where product variety is limited and certain models are hard to come by.
4. Inspection and Maintenance Records
Many buyers are cautious about purchasing used excavators, worrying that the seller might hide potential issues with the machine. However, at Tiedou, each used excavator comes with detailed usage and maintenance records, so you can have peace of mind. Before delivery, every excavator undergoes both manual and equipment inspections to ensure that it's in good working condition and ready for use. Of course, used excavators are not without their flaws. Machines that have been in use for more than 10 or 15 years may experience some performance degradation. However, the low cost and reliable performance of many used machines are still sufficient to meet most work demands. And if you have the budget, purchasing a more recent used model should eliminate these concerns.
Conclusion
Choosing a used excavator offers several advantages, including lower investment, faster returns, immediate availability, a broader selection of models, and detailed inspection records. While used equipment may show some signs of wear, a well-maintained machine can still provide excellent performance at a fraction of the cost of a new one. For both individuals and businesses, buying used can be a smart and efficient choice, especially when paired with reliable sellers like Tiedou who ensure the quality and transparency of the equipment they offer.