Buying Used is Not a Long-Term Cost Controller

September 28, 2010

When Construction Equipment asked fleet managers who purchase used machines why they do so, the prospect of lower long-term owning and operating costs was not among the primary reasons. In fact, responses to CE's buying-practices survey suggest that only 30 percent of used-machine buyers have lower long-term costs as their primary goal.

According to the CE survey, among the main reasons for buying used are "lower initial capital investment" (71 percent) and "to take advantage of an exceptional machine at a great price" (66 percent).