Questions to Consider Before Buying Heavy Equipment
Renting heavy equipment has a lot of benefits especially for small-scale companies. Right now, heavy equipment rental in Davao is booming. However, in an industry that’s all about tools and equipment, it’s not surprising that most contractors feel the need to acquire their own.
When is the best time to purchase your own heavy machinery?
Here are five signs you should take in to consideration.
Are you ready for the upfront cost?
Regardless of whether you buy secondhand or new modern heavy machinery, the upfront cost can be very expensive.
If you choose the latter, you can enjoy the factory warranty which can save repair cost. But if you opt to buy secondhand or bid in an auction, consider the following:
- Age of the equipment – the older the piece, the more likely it could need replacement parts and repairs in the future.
- History of use – heavy equipment that is used frequently but lightly accounts more value.
- Availability of spare parts – no matter how you take care of the heavy equipment, repairs and replacements will happen. Make sure that the spare parts you are choosing are easily available to avoid delay in your projects
Do you consider the maintenance cost?
Maintenance is as costly as its initial investment. Time will come that your heavy equipment will encounter problems, especially if you do not give it a regular upkeep.
You have to determine when and what kind of routine maintenance you should provide.
Do you have enough knowledge about the equipment?
It’s common knowledge that working around heavy equipment exposes you to a hazardous environment. With that, most heavy equipment rental services in Davao provide their own operator to avoid accidents and damage to the equipment.
Having enough knowledge makes it easier to maintain, and most importantly saves you from expensive repairs.
Do you have a storage area for your equipment?
Just like cars and vehicles, heavy equipment need their own space for safety purposes and up keeping.
If you answered positively to any of the questions above, then you are ready to procure your heavy machine. If not, its ok! Renting and leasing are great options too!
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