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Common Misconceptions About Buying Used Equipment

More Machine, Less Money: Sometimes Buying Used Makes Sense

Whether you need to meet growing business demands or unexpectedly replace something in your fleet, buying pre-owned equipment can be an excellent option.

There are several common scenarios for purchasing used including getting quality equipment for a fraction of the cost.

  • Tight Budget - When your budget is tight, buying used equipment from a reputable dealer is a great option. You can get excellent long-term value and quality machinery for a price that does not break the bank.
  • Rapid Growth - When your business experiences sudden growth or has seasonal spikes, there is no time to wait for new equipment to arrive from the factory. Buying used allows you to maintain productivity with minimal wait time.
  • Need Different Features - If you need to add new functionality to your fleet or even to efficiently complete a specific task, buying used can be a great option. It allows the feature to be added with minimal expense.
Used Yale Forklift Outside
  • Unexpected Fleet Replacement - Did a piece of equipment unexpectedly breakdown? Whether it is beyond repair or the servicing costs are more than the asset’s value, you need a quick replacement. If updating your fleet is not something you budgeted for, purchasing used equipment can maximize your buying power and keep operations running at full capacity.

There are several common misconceptions about buying used

Misconception #1:

Used Equipment Have Hidden Problems

There is a misconception that used equipment has hidden problems, defects or mechanical issues. We get it; buying new equipment can give buyers peace of mind. Nobody wants to invest thousands of dollars in something that will not last long or perform as expected. But let us set the record straight.

Like pre-owned vehicles, used equipment can offer lasting durability, depending on the manufacturer and service it receives. When properly maintained, it can hold value for reliability, safety and function for several years.

For example, Riekes Equipment performs a comprehensive 26-point tough test and safety inspection, so we can confidently stand behind the equipment's safety, dependability and functionality.

Misconception #2:

Used Equipment Does Not Come with a Warranty

Some used equipment could come with a manufacturer’s warranty carryover, but many dealers will stand behind used equipment for 30 days or more giving plenty of time to be confident in the equipment quality.

Many reputable dealers, like Riekes, offer extended warranties and run equipment through a 26-point test and safety inspection before sale. If a seller does not offer a warranty on used equipment, find a dealer that does.

Protect yourself (and your investment) by buying from a trusted, authorized dealer.

Misconception #3:

Used Equipment Have Higher Maintenance Costs

Buyers often believe that because of the wear and tear on used equipment, it will have higher maintenance costs. Or the equipment was sold because it had issues, and therefore has a shorter lifespan. This assumption is simply incorrect.

Many businesses trade equipment, not because of mechanical issues, but because their lease ends, they need a different forklift for operational changes or want access to new features. A well-maintained used truck has no more maintenance than a new one.

Infographic on the benefits of buying used

Misconception #4:

Hard to Find the Brands You Trust

A common concern for warehouse managers when considering pre-owned is that they cannot find the quality brands they want. There are many well-known and trusted brands available in the used market.

If your operators are familiar with a specific kind of equipment, purchasing a pre-owned model by the same brand will help with operator efficiency, productivity and safety. Even if you do not see the brand you are looking for on the seller’s website you can call to see what other trucks are available or engage the company to help you find what you are looking for. We often help our customers source a specific truck that fits their application.

 

Tips for Buying Used Equipment

  • Work with a reputable dealer. Find a dealer you can trust who is transparent about the machine’s history and reconditioning process.
  • Get an inspection or a pre-inspected forklift. For example, when you buy with Riekes, our trained technicians complete a rigorous 26-point tough test and safety inspection. We also offer a 30-day warranty on pre-owned inventory so you can buy with confidence.
  • Take it for a test drive. If you can, take equipment for a test drive before you sign on the dotted line. Be sure to check more than just the tires. Test out each feature and don’t forget to confirm the truck’s rated capacity and fuel options to make sure it fits your needs.

Buying used does not have to be risky. Whether you are replacing damaged equipment or expanding your fleet, pre-owned can be an excellent solution. With the right expertise and experience, you can get quality equipment that meets your needs and your budget.

Questions?

We are here to help... Check out our used inventory or give us a call today at 800.856.0931

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