Think Equipment, Think Canrod
Your Trusted Partner In Equipment Excellence
Think Equipment, Think Canrod
Your Trusted Partner In Equipment Excellence
Investing in heavy equipment is a significant expense for businesses in construction, mining, agriculture, and other industries. While brand-new machinery may seem like the best choice, it comes at a hefty price. An alternative that many smart buyers are opting for is purchasing used heavy equipment. Buying used machinery from a trusted marketplace like Canrod can help you save a substantial amount of money without compromising on quality. In this article, we’ll explore why buying used heavy equipment is a financially wise decision and how Canrod ensures a smooth and secure buying process.
The most obvious benefit of buying used heavy equipment is the lower upfront cost. New machinery can be extremely expensive, often requiring businesses to take out loans or deplete their cash reserves. However, used equipment is available at 30% to 50% lower than the cost of new equipment. This means you can acquire essential machinery while keeping your capital free for other operational needs.
New heavy equipment loses value rapidly in the first few years after purchase. Just like a new car, once you use it, its value drops significantly. The average depreciation rate for new heavy equipment is 20% to 40% in the first year alone. By purchasing used equipment, you avoid the initial depreciation loss, ensuring that your investment retains its value for a longer period.
When you buy new equipment, you often face long waiting times due to manufacturing and delivery delays. In contrast, used equipment is immediately available, allowing you to put it to work right away. This is especially beneficial for contractors who need machinery for urgent projects and cannot afford to wait.
Used heavy equipment has already been tested in real working conditions. If a machine has been well-maintained and serviced regularly, it can continue performing efficiently for years. Additionally, trusted platforms like Canrod ensure that sellers provide detailed maintenance records and inspection reports, allowing buyers to assess the reliability of the machine before purchasing.
Insurance premiums for heavy equipment are based on the replacement cost of the machinery. Since used equipment has a lower market value, the insurance costs are significantly reduced compared to insuring a brand-new machine. This results in long-term savings for businesses that need to insure multiple pieces of equipment.
Canrod assists buyers in securing flexible and affordable financing solutions, making it easier to acquire the right machinery without financial strain. Leveraging strong relationships with leading financial institutions, Canrod helps customers access the most competitive deals available in the market.
When buying new, you may have limited options due to budget constraints. However, the used equipment market offers a variety of brands, models, and specifications, giving you more choices to find the perfect match for your business needs.
The retail rental market in India is highly competitive. To remain profitable, customers must focus on lowering their capital expenditure (CAPEX), as rental rates remain largely uniform—regardless of whether the equipment is brand-new or 2–4 years old. Since productivity is the ultimate goal, and the reliability of a well-maintained used machine is nearly identical to that of a new one, opting for quality pre-owned equipment becomes a smart and cost-effective decision.
Purchasing used heavy equipment from a trusted marketplace like Canrod can be a game-changer for businesses looking to expand their fleet without breaking the bank. With lower purchase costs, reduced depreciation, immediate availability, and proven reliability, buying used machinery is a smart financial decision. Visit Canrod today to explore high-quality used heavy equipment and start saving money on your next purchase.
