Why Used Cranes Make Good Business Sense

Why Used Cranes Make Good Business Sense
8/7/2016 1:04:05 PM

Used Cranes: Good Machines Make Good Sense

Used cranes are fast becoming popular options for meeting customer demand with an affordable alternative. These days, end-users are purchasing 75% of used cranes at auctions, while only 2% of these cranes are being purchased by rental companies. Here, we’ll discuss why buying used cranes can be one of the best financial decisions you could make.

used cranes equipment

Why should I buy a used crane?

There are several reasons why buying a used crane makes sense. You might have a favorite model that’s no longer in production, or the technology used to make the machine hasn’t changed in newer models.


If you need a crane to meet a specific job requirement, used cranes are usually a smart investment. New cranes can take several months to build, so, if you need a crane quickly, used cranes can typically be purchased and delivered at a faster turnaround. "The biggest factor influencing my decision to buy a used crane is availability to meet customer requirements,” says Scott Wilson, president of Denver-based M-L Holdings Co. Crane group in an article for Crane Hot Line.


Additionally, if you’re worried that you won’t have enough business to justify the purchase and usage of a new crane, a used crane can help you meet your demand more affordably.


When shouldn’t I buy a used crane?

Some people argue that if you’re searching for a high-capacity crane with a complex operating system, you should choose the newest model. The costs associated with restoring a complex used crane and getting it up and running likely would outweigh the savings you’ll get from buying a used crane in the first place. However, if the manufacturer makes a change that only affects the crane’s capacity – and also its selling price – it likely makes financial sense to buy the used crane instead.


What cranes are most in-demand?

Construction companies are considering lots of alternatives for their businesses, including lower-priced used cranes. According to used crane sellers, some of the most-commonly requested cranes are 30- to 40-ton capacity trains, high-capacity cranes, rough terrain cranes, fix-axle, and all-terrain cranes.


Where do used cranes come from?

Trade-ins often come from crane operators who want to update their fleets without expanding their number of vehicles. Many dealers let customers sell their older equipment back to the dealer they bought it from, and the dealer can refurbish the machine before it enters the used crane market. Some of the major states selling used cranes in the United States are Texas, Florida, and Colorado. Abroad, the Netherlands and Spain sell large numbers of used cranes.


How do I know if I should buy a particular used crane?

If you’re interested in buying a used crane, many companies let you rent and use the crane first before purchasing it. Additionally, make sure you find a company or an auction house that has restored the crane up to peak performance, perhaps even by replacing the used crane’s engine. If you have to do a lot of restoration work, your used crane likely won’t be worth the price difference you saved from not buying a new one.


Whether you’re buying a used crane or refurbishing one you already have, Larry Collier Crane Parts & Service has all of the replacement parts you need. And, if you’re thinking about repairing your crane instead of buying a different one, they also offer excellent repair and rebuild services. Request a quote today.

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