It comes as no surprise that the outbreak of coronavirus affected the functioning of countries significantly, but it also affected specific industries, their production, and the supply chain. One such sector is the Construction industry with its halt in working and progress. However, this temporary break has given the domain time to plan, structure, and make a striking comeback.
By now, plenty of businesses have been actively preparing their long-term prospects and returning to the new normal working condition slowly. They are making changes and amendments to their operations accordingly to ensure the safety of their staff. Another requirement for this industry is to equip itself with proper machinery to meet future project demands.
What is the solution?
As supply has been affected due to “lockdowns”, the demand for new products has increased substantially. Moreover, taking a look at the requirement of used construction equipment- it is expected that this market will withstand the pressure and expand. It has now become a trend in the construction sector to purchase second-hand construction equipment.
One of the most prominent advantages of getting used construction equipment is that one can acquire these at much better and budget-friendly price than newer ones. Having a smooth working production line, with these pieces of equipment, can promote better productivity. These are also great for having reduced operational costs and fuel efficacy.
Getting second-hand construction equipment can make the business more agile. The used types of equipment are also ideal to be employed in short-term projects that have a specific requirement. With less value depreciation, you may even resell the equipment after the project is over. These are also the best options for projects that need a distinctive machine for a job.
With the economy slowly stepping back into its usual phase, the demand for the construction industry will increase as the global markets experience a boost in infrastructure. Therefore, this decision making would make a difference.
Highlighting the Advantages of Buying Second Hand Construction Equipment
- Effective Budget-Management
As all construction businesses will be recovering from the sudden drop, they will have to keep a close eye on their budget and expenditure. This means that using second-hand equipment would be a reliable option; rather than buying expensive equipment or hiring agencies. This will also save you from making extra savings as the used equipment does not face a high-value depreciation as new ones. Additionally, the expenses on additional accessories, sales tax, and operational licenses will be saved.
- Wider Variety of Equipment
As mentioned above, the supply of the construction equipment is scarce- this imposes that a limited product range will be made available to the buyers. However, if we look at the second-hand equipment market, it already consists of a wide range of products that are ready to be purchased. This could be a positive sign for the industry as they can have substitute machinery for the time being.
- Ideal for Future Resell Prospects
Unlike the new machines, these equipment have low depreciation value; that will help collect good returns when sold again. The new equipment loses its value the moment it is taken out from the showroom; almost half of its total value. However, if you purchase used construction equipment make sure that you keep complete track of its performance, servicing, and all related information. The more information you provide for resale, the higher the price you get.
- Finding Spare Parts is Easy
Whenever you buy second-hand equipment, there are chances that you will require a few spare or replacement parts. As these machines have been used before, they might get easily worn down. However, this aspect only adds on to the benefits of second-hand equipment. Just like the extensive equipment range, the availability of spares is effortless as well. You may also change the old part with a new and compatible one to enhance the equipment’s functioning.
- An Eco-Friendly Choice
Reshaping the former industrial relations would become a challenge for many construction-related businesses. However, using equipment that has low carbon emission could help you establish the pre-COVID era image again. Second-hand construction equipment also decreases the generation of industrial waste. One can also get used recycling and waste-management units to control the waste generation.
- What’s the Final Verdict?
While new machines can and will render dependable performance and quality assurances, buying second-hand construction equipment could be more advantageous. You can buy a machine as per your project demand and then trade it to other interested buyers. This means you will have to check your requirements adequately and then search for available options. These will support smoother operations, all while boosting your productivity.
Not only are these cost-effective options for the restart of the global market but also demand less input and can be improved by adding spare parts over time. As the supply of machines is delayed due to the ongoing pandemic- an innovative, definitive, and effective solution for the need for construction equipment in the industry can be fulfilled through the second-hand options.
NFT’s stock of second hand cranes
| SELF ERECTION | |||
| Type | Y.O.M | Jib (m) | Hoist winch |
| IGO21 | 2008 | 24 | 8LVF9 |
| IGO36 | 2004, 2005 | 32 | 15LVF10 |
| IGO50 | 2008 | 40 | 15LVF10 |
| GTMR360A | 1977, 1981, 2004 | 30 to 40 | PC |
| GTMR360B | 2004 | 40 | PC |
| GTMR386A | 1987,1989,1990,1991,1992,1994,1997, 2002,2004, 2006, 2009 | 40 to 50 | PC |
| GTMR386B | 2006, 2007, 2008 | 40 to 55 | PC |
| GTMR400A | 1985, 1987, 1993, 1990 | 40 to 50 | PC |
| EUROPEAN HAMMERHEAD RANGE | ||||
| Type | Y.O.M | Jib (m) | Hoist winch | Mast type (m) |
| MC80 | 1995 | 38 | 33PC | MC1.2×1.2 |
| MC85B | 2004, 2005 | 40 | 25PC13 | MC1.2×1.2 |
| MD185-h10 | 2002 | 60 | 75LVF25 | MD1.6X1.6 |
| MD125A | 1999 | 55 | 45RCS15 | MD1.6X1.6 |
| MD125A | 2000 | 50 | RCS | MD1.6X1.6 |
| MD150 | 1996 | 45 | 33LVF20 | MD1.6X1.6 |
| MD175A | 1992, 1998, 1999, 2000 | 45 to 55 | 33LVF20 | MD1.6X1.6 |
| MD175B | 2002 | 50 | 50LVF20 | MD1.6X1.6 |
| MD208 | 2002 | 50 | 50LVF25 | MD1.6×1.6 |
| MD238 – 10T | 2002, 2008 | 55 to 65 | 50LVF25 | MD1.6X1.6 & MD 2×2 |
| MD238 – 10T | 2002 | 60 | 33LVF25 | MD1.6X1.6 |
| MD238 – 12 T | 2008 | 65 | 100LVF30 | MD2X2 |
| MD238 – 12 T | 2008 | 55 to 65 | 75LVF30 | MD1.6X1.6 & MD2X2 |
| MD238-12T | 2003, 2004 | 60 to 65 | 50LVF30 | MD1.6×1.6 & MD2x2 |
| MD220 G12 | 1993 | 60 | LVF | MC2x2 |
| MD235 | 1999, 2000 | 45 to 50 | 50LVF25 | |
| MD235A 12T | 1999, 2000 | 60 | 50RCS30 | MD2X2 |
| MD235 | 1996, 1997 | 55 to 60 | 55RCS25 | MD1.6X1.6 |
| MD250J12 | 1993 | 60 to 65 | 55LTV 30 | MD2X2 |
| MD250J12 | 1993 | 45 | 70RCS30 | MC2x2 |
| MC265 | 1998 | 65 | 70RCS30 | MC2x2 |
| MD265B1 | 2006 | 50 | 50LVF30 | MD2x2 |
| MD265B | 1999, 2008 | 30 to 65 | 75LVF30 | MD2x2 |
| MD265 | 1997, 1998 | 45 | 70RCS30 | MD2x2 |
| MD265A | 1997, 1999 | 55 to 60 | 55RCS30D | MD2x2 |
| MD265 J12 | 1996 | 65 | RCS | MD2x2 |
| MD265 | 2007 | 55 | 100LVF30 | MD2X2 |
| MD285 | 2000, 2004, 2005, 2006 2007 | 50 to 70 | 75LVF30 | MD2X2 |
| MD285A 12T | 2000 | 60 | 50LVF30 | MD2x2 |
| MD305B | 2000 | 60 | 75LVF30 | MD 2X2 |
| MD310 L12 | 2006 | 45 | 50 LVF 30 | MD2x2 |
| MD345B L12 | 2009 | 65 | 100LVF30 | MD2x2 |
| MD345B L12 | 1998 | 60 | 75LVF30 | MD2x2 |
| MD345B L12 | 2009 | 55 | 50LVF30 | MD2X2 |
| MD345B 16T | 2000, 2001 | 75 | 75LVF40 | MD2x2 |
| MD365 L16 | 2007 | 55 | 75LVF30 | MD2x2 |
| MD485-25 | 2005 | 70 | 150LCC63 | MD2.45×2.45 |
| MD500 | 1993 | 70 | 55RCS40 | K2.5×2.5 |
| MD550 | 2003 | 80 | 150LCC63 | |
| MD550 | 2008 | 80 | 100LVF50 | MD |
| MD900 | 1987 | 50 | 120LMD80 | MD4X4 |
| MD1100 | 2018 | 80 | 270LVF100 | R98A |
| MD1100 | 2010 | 80 | 250LCC100 | R98A |
| MD1100 | 2008 | 80 | 250LCC100 | K4X4 |
| ASIA HAMMERHEAD RANGE | ||||
| Type | Y.O.M | Jib (m) | Hoist winch | Mast type (m) |
| MCI 85A | 2013 | 50 | 25PC13 | MC1.2×1.2 |
| MC115B | 2005, 2010 | 50 | 33PC15 | MC1.6X1.6 |
| MC125B | 1997, 2014, 2015 | 60 | 33PC15 | MC1.6X1.6 |
| MC125 | 2018 | 60 | 40LVF15 | MC1.6×1.6 |
| MC175B | 2007, 2008 | 60 | 45RCS25 | MC1.6×1.6 |
| MC175B | 2008 | 60 | 50LVF20 | MC1.6×1.6 |
| MC175C | 2018 | 60 | 60LVF20 | MC1.6×1.6 |
| MC180-2C | 1997 | 55 | 70RCS25 | MC1.6X1.6 |
| MC180-2C | 1997 | 50 | 55RCS25 | MC2x2 |
| MC180-2C | 1996 | 45 | 55RCS | MC1.6X1.6 |
| MC205B | 2011 | 60 | 55RCS25 | MC2X2 |
| MC235A | 1998 | 65 | 55RCS30 | MC2x2 |
| MC235 | 2006, 2005 | 65 | 50LVF25 | MC2x2 |
| MC235BJ10 | 2011 | 65 | 75LVF25 | MC2X2 |
| MC235BJ10 | 2014 | 65 | 55RCS25 | MC2X2 |
| MC235BJ10 | 1998 | 65 | 33LVF25 | M2X2 |
| MC235C | 2016, 2017 | 65 | 60LVF25 | MC2X2 |
| MC300L12 | 1998 | 60 | 70 RCS30 | MC2X2 |
| MC310 K12 | 2010 | 70 | 50LVF30 | MC2x2 |
| MC310 K12 | 2008, 2012, 2014, 2015, 2017, 2019 | 70 | 70RCS30 | MC2x2 |
| MC310 K12 | 2006, 2009, 2010, 2013, 2014, 2015 | 40 | 75LVF30 | MC2x2 |
| MC310 K16 | 2014, 2015 | 70 | 75LVF40 | M2X2 |
| MC465 | 2018 | 80 | 100LVF63 | M619 |
| MC475 | 2017 | 80 | 100LVF63 | R87 |
| EUROPEAN FLAT TOP RANGE | ||||
| Type | Y.O.M | Jib (m) | Hoist winch | Mast type (m) |
| MCT88 | 2007 | 52 | LVF | MC1.2×1.2 |
| MDT178 | 2005, 2006, 2007 | 50 to 60 | 33LVF20 | MD1.6X1.6 |
| MDT268 J12 | 2009 | 65 | 100LVF30 | MD2x2 |
| MDT368 L12 | 2009 | 60 to 75 | 75LVF30 | MD2X2 |
| MDT368 L16 | 2009 | 75 | 100LVF40 | MD2x2 |
| MDT368 L16 | 2009 | 50 to 75 | 75LVF30 | MD2x2
|
| ASIA FLAT TOP RANGE | ||||
| Type | Y.O.M | Jib (m) | Hoist winch | Mast type (m) |
| MCT85-F5 | 2015 | 52m | 25PC15 | MC1.2×1.2 |
| MCT205-10 | 2014, 2015, 2018, 2019 | 65 | 60LVF25 | MC2X2 |
| MCT325 L12 | 2019 | 75 | 75LVF30 | MC2X2 |
| MCT385B-14T | 2016, 2017 | 75 | 75LVF35 | M619A |
| MCT385 2C | 2019 | 75 | 75LVF35 | L69B2 |
| MCT385 2C | 2019 | 75 | 75LVF35 | M619 |
| MCT385 2C | 2019 | 75 | 75LVF35 | MC2x2 |
| MCT385-20 | 2014 | 30 to 75 | 100LVF50 | M2x2 |
| EUROPEAN LUFFING RANGE | ||||
| Type | Y.O.M | Jib (m) | Hoist winch | Mast type (m) |
| MR160B | 2004 | 50 | 50LVF25 | MD1.6X1.6 |
| MR160C | 2008 | 50 | 100LVF25 | MD1.6×1.6 |
| MR160C | 2008 | 50 | 75LVF25 | MD1.6×1.6 |
| MR220B | 2003 | — | 150LCC30 | MD2x2 |
| MR225A | 2006, 2010 | 55 | 100LVF35 | MD2X2 |
| MR295 | 2010 | 60 | 150LVF63GH | MD2x2 |
| MR415 | 2010 | 60 | 180LBR120 | MD2.45×2.45 |
| MR418 | 2016 | 60 | 150LVF120 | MD2.45×2.45 |
| MR418SP | 2016 | 60 | 270LVF120 | 2.45X2.45 |
| MR608 | 2018 | 60 | 270LVF80 | MD2.45×2.45 |
| ASIA LUFFING RANGE | ||||
| Type | Y.O.M | Jib (m) | Hoist winch | Mast type (m) |
| MCR160 | 2017 | 50 | 60LVF25 | MC1.6X1.6 & MC2x2 |
| MCR225 | 2008, 2009, 2017 | 55 | 75LVF35 | MC2X2 |
| MCR225 | 2007, 2008, 2009, 2010, 2018, 2019 | 55 | 100LVF35 | MC2x2 |
| MCR295-20 | 2018 | 60 | 100LVF50 | M619 |
| MCR295-20 | 2018 | 60 | 150LVF50 | M619 |
End.
Sources:
http://www.construction-today.com/editor-s-blog/2514-the-advantages-of-buying-used-construction-equipmenthttps://national-lift-equipment.nleq.com/why-used-construction-equipment-is-a-better-buyhttps://www.plantandequipment.com/blog/advantages-of-buying-used-construction-equipmenthttps://www.rbauction.com/blog/5-advantages-to-buying-used-vs-new-heavy-equipment-trucks-https://blog.ringpower.com/post/Used-Construction-Equipment-Value-Guide.aspx#:~:text=The%20most%20obvious%20benefit%20to%20buying%20used%20construction,greater%20fuel%20efficiency%20and%20lower%20operating%20costs%20overallhttps://www.hklaw.com/en/insights/publications/2020/05/a-look-at-covid19-impacts-on-the-construction-industry