Technology in big construction equipment does not change rapidly, so you’re not at a disadvantage using a five year old wheel loader for example, versus a new one.
5. Low cost of ownership
Many construction projects require specific equipment on a short term basis and need the flexibility to unload it at the end of a contract. Because the depreciation is so slow after the first 12 months you can sell the equipment a year later for close to your purchase price, keeping your overall cost of ownership relatively low compared to buying new.
6. Long order times with new
Certain types of construction equipment can have a long waiting list when buying new and we all know time is money in the construction industry. Through finding and buying used you get access to the equipment you need right away.