Benefits of Used Equipment

Here are the advantages of buying or leasing used Cat equipment:

You Can Purchase Equipment at a Lower Cost Than New

Price is a leading factor in why companies choose to buy and lease used equipment. Used machinery is typically less expensive than new equipment and choosing a more cost-effective option, like used equipment, can allow you to allocate budget for other business needs.

It's important to remember that while the purchase price of a used machine may be attractive, be sure to closely evaluate the machine's condition before you complete your purchase to ensure you get the most value from your investment.

Discover more ways to save on heavy equipment.

Avoid the Initial Depreciation That Comes With New Equipment

The price of brand-new equipment usually accounts for the machine's newness, and as soon as you use that machine, its value will depreciate. The greatest decrease in value occurs in the first 12 months you own it.

Depending on the age of the used machine you are looking at, it's likely to have already passed its initial depreciation by the time you acquire it. This means you can usually buy or lease used equipment for a lower price than a new machine.

Well-Maintained Used Equipment Typically Retains Its Value

Proper maintenance helps you keep your used equipment in peak working condition. Cat equipment is built for durability and maintains its market value better than other brands.

We understand the importance of having reliable machines and quality replacement parts. Prioritizing regular inspections and repairs with preventative maintenance is a great way to keep your Cat equipment in good condition and retain its value.

Buying Used Equipment Offers Tax Benefits

According to Section 179 of the IRS's tax code, businesses can deduct the cost of qualifying used equipment from annual taxable income. This benefits businesses that want immediate access to new machines without tying up too much working capital. Contact your tax professional to find out what tax benefits may be available to you and your business.

Expand Your Fleet Within a Limited Budget

Used equipment can be a cost-effective way to expand your fleet without straining cash flow. The lower upfront cost can help you preserve cash flow for other business needs.

Explore used Cat equipment from Cat Financial or contact your local Cat dealer to see what's available.