There are several advantages to buying used heavy equipment and trucks. While shiny, new equipment has a definite “wow” factor to it, all the bells and whistles aren’t always necessary.
As a large equipment auction business, we see a range of quality equipment out there. All the while, the vast majority of large equipment on our auction sites are in great condition!
There is a massive global market in the used large equipment industry. Such a market offers a variety of choices in equipment offered at any given time, making the ability to search for equipment beyond your local market easy. Auctions provided by Alex Lyon & Son throughout the year are vast, offering a plethora of used-buying opportunities.
There is less buyers-remorse when buying used large equipment for your business. Many times, contracted construction jobs require specific equipment that a business might not need on a regular basis. By purchasing used equipment for these specific jobs, a business avoids leased machinery, and maintains the ability to resell for a great cost.
Additionally, purchasing new equipment means long wait times from the initial investment to delivery time. With used equipment, pieces can go straight to work, avoiding downtime.
Whether you’re in the market for large farm equipment, construction, or transportation equipment, purchasing from an auction is an excellent option.
It’s no mystery. Purchasing new heavy equipment in the construction, farm, or transportation business can put your business in a sinkhole of debt. Often times, the cost of one new piece of large equipment equates the cost of two used pieces that are like-new.
Moreover, once a new piece of equipment leaves its sales lot, it depreciates in value. Sometimes as much as 20 to 40 percent within the first 12 months. When purchasing used equipment, you avoid that initial depreciation.
Well-maintained equipment can hold a significant value despite its initial depreciation value. By sticking to a routine maintenance schedule accompanied by service and repair documents, you have the possibility to resell equipment for nearly what you previously purchased it for.
What makes a Lyon Auction unique is that all of the equipment is in the same location. Companies are able to liquidate a large fleet of vehicles in a single auction. Lyon Auction is able to help well-known companies from the conception to the conclusion of the auction. This makes it headache-free and as enjoyable as possible for both the seller and buyer. If you have any questions, feel free to contact us, we’re listening!