Category Archives: Buying

Buying heavy equipment online is a boon for small contractors

We often understand that construction industry is an industry where the owner ends up making enormous amount of profits but simultaneously we also fail to understand that the market is tough for people who are new to this industry or the one who lacks financial stability in their business. For such folks, striving hard and coming out of the misery is the ultimate solution. Right from getting big projects to hiring operators and workers, they got to struggle for every small thing. Other than that, they also have to strive to sustain their business from any external powers like competition, rise in the price of heavy equipment, improvement in technology and things thereon. One of the biggest factors that has become the hurdle for small time construction companies or contractors is the rising price of heavy equipment. They are finding it very difficult to overcome the rising prices of machines which is considered to be the lifeline of any construction business.

Small construction companies are left with very limited options as far as buying of machines are concerned. They either have to shell out good deal of money to buy at the price the heavy equipment companies are selling or have to consider the option of buying used equipment. They were suffering from another challenge of hunting for sellers who were willing to sell their equipment at a lower price until they were able to buy equipment online. Here they do not have to spend lot of time to search sellers selling the item they are looking for. All they got to do is key in the word in the search menu and start looking for the best deal.

Few things that a contractor should consider before he signs on the dotted line.

Check if the item is worth the value:-

Before you even think of contacting the seller, it is imperative that you do your research well. Try to know few things about the machine from people who has worked on it or from the internet. Try to know the price of the machine from different sources and then see at what price the seller is willing to sell it. You do this to ascertain the correct price of the equipment so that you do not end up paying more than what you should be paying. Once you are sure of the price, you can then try to bargain the price with the seller and check if he is willing to lower it any further.

Ascertain if the item is in good condition:-

Once you have fixed the price with the seller, the next thing you should do is to check if the item is in good condition. You will certainly not want to invest your money in rotten stuffs. Try to fix an appointment with the seller so that you can personally go to inspect the item. It is advisable that you go along with an expert mechanic who will check if the machine is in order. If only both of you are content with the quality of the machine, you can go ahead and sign on the dotted line.

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Rent a Cat heavy construction equipment from B&R Equipment

Renting heavy construction equipment has never been as simple as it is in today’s time. Earlier when there was no internet and when people had to hunt for machines on rent, they were largely dependent on newspaper advertisements or classifieds that gets published in some magazines that is based on construction equipment or equipment salesman. Another mean to know if someone is renting a machine is through a person from their circle. Other than this, they were hardly any means to know if anybody is renting heavy construction equipment. Things have however changed for better now and with the advent of internet we are get what we want at a faster rate and we can also expect to get something better through internet. Nowadays, brand matters a lot and someone who is letting out branded items are invariably everyone’s choice.

We have B&R Equipment Company that is in the business of renting branded heavy equipment and one can indeed vouch for what they have to offer to the construction companies. They are in the business of heavy equipment for the last 20 years which makes them one of the most experienced in the lot. Experience does matter and when it matters it matters a lot. So a company with over 20 years of experience will suggest you machines based on your needs. If needed they will do an overview study of your project and try to understand what kind of heavy equipment will best suit your project. This will help them to give you better suggestions and this is what they have been doing since long.

You can vouch on them on any kind of heavy construction equipment. Right from a dozer to an excavator to scraper or a grader, all you have to do is name the equipment you are looking for to take on rent and you will get that at a better price; a price that you will not get at many places. So here you can get some real good branded machine at an affordable price. All you have to do is check their website and see the machines. In case, you need to speak to someone to get a better picture about the services you get from them, then you can get the number of the person and call them up to get all your questions answered.  817-379-1340

B&R equipment offers 200 hours of operation on every rental month which is far more than its competitors who are offering just 160 hours of operation per month. So in case, you have already taken the machine on rent, you can give it back and latch on to B&R Equipment Company for more hours of operation. B&R Equipment Company rental plan is of 30 days unlike other companies plan which ceases on the 28th day of the month which means you have to renew it on the 29th day. Going as per this calculation, other companies charges you 13 times in 12 months whereas B&R charges you only for 12 months. So if you want to rent a CAT heavy construction equipment it makes more sense to get it from B&R Equipment Company.

Keep some money for contingency – Don’t spend lavishly on buying heavy equipment

Doing a business, one has to play with infinite risks. Because in every risk there lies opportunities and one needs to see those opportunities before they see the risk. No wonder one should also analyze the risk involved but that does not mean that he should avert from taking risk and forego those chances. Averting risk will also lead to losing of those opportunities that comes by it. Therefore it is said that one who takes more risk has more chances to earn but he should be careful enough to understand his risk appetite and that if he could sustain after taking that risk.

As far as the construction business is concerned, one needs to take special care when it comes to gaining momentum. At times he will be flooded with work but he should be careful to choose them keeping into consideration his ability to complete them on time and also the kind of heavy equipment he has in hand. Construction business will give you enormous opportunities to make money but it does not take much time for the tide to change. You won’t be able to figure out when the industry takes the beating and you start losing work. Well, this is the time when you will need the money that you have earned during the years to sustain your company. You can’t rely on your investors as they will also face the brunt of the market and will be short of money.

It is therefore very crucial that you keep a contingency fund while you are doing well in your business. Always keep on adding some money towards the corpus and make it look like a healthy sum so that the time you need the money you should not find it short of your needs. Another very common mistake that many owners of construction companies make is that they go on a buying spree. They keep on buying heavy equipment without even thinking if they would need it for any of their existing projects. Well, they are not aware of the possible danger that they may encounter. Any dip in the construction market will have a direct impact on their business and they will find it hard to keep it floating. Then they will begin with various cost cutting measures which was probably not required had they managed a contingency corpus.

Buy heavy equipment only when you see a pretty strong reason to back it or else it will turn out to be futile to go for such investments. It makes no sense to buy machines now at a higher price and then proceed with distress selling. So when the pasture is green for you, save as much as you can for days that might not be a comfortable one for the construction industry and buy heavy equipment only when you see a strong need for it. Analyze the situation well before you take a call. Do not fall prey to fancy gadgets and machines as you may not even need them in the first place.

It’s better to use used equipment than investing in brand new machines

If you have ever looked inside a construction site, you will come across various sorts of heavy equipment. Machines of all sizes and use are available and all seems to be brand new. Construction companies take immense care in maintaining their machines to keep them looking new. They also believe in investing their money in buying new equipment rather than buying it second hand. The new machine cost them thousands of dollars but it also ensures that the user gets all that he wants from the machine. Be it efficiency, accuracy, performance and low fuel consumption, they may get it all in that machine and therefore they often sell off the machine that gets old in the system. As far as the big construction houses are concerned, they can be better off with buying new equipment; however there are companies which struggle to keep their business running. They may not afford to buy new equipment whenever they desire to buy one.

For new businesses it is prudent to use used equipment rather than blocking their finances in buying new machines. Before they buy old equipment, they need to check if the machine is in proper order. Only when they are content with the quality of the machine and are sure that the equipment will deliver when it needs to they should go ahead with the deal.

It has been that many small construction companies who struggle with their businesses put away the idea of buying new machines and hunt for sellers wanting to sell their old equipments. The reason it is better to invest money for a new construction company in old machines rather than buying new ones is that they do not get marked down in the most important component of their business and that is taking care of their finances. Buying used machines helps them in saving a good chunk of money for future business requirements. Newbies experience lot of financial hardships in their initial phase and those who successfully make the right decision survive. It becomes extremely important for new businesses to understand their requirements and their limitations and do not get carried away by the likes of big construction houses.

Another challenge that often comes across new businesses is getting their loans sanctioned. They find it extremely difficult to get their loan approved by financial institutions especially when the loan amount is high. Therefore, if they decide to buy new equipment, getting the loan for it will be very difficult. However, buying used equipment will not become a huge debt on them and they may find institutions that will provide them with the loan amount.

It is not difficult to find sellers in the market. A buyer can make use of platforms like online sites that specifically deal in selling used heavy equipment. Buyers can check such sites and can expect to get a real good bargain there.

Looking to buy a bulldozer? Get some help here

If you are a person who likes to do some research before deciding to buy a product, then you are moving on the right track in becoming a wise buyer. Not many give an intense research before buying an item and trust that the salesman tells them. If you go by the words of the salesman and then buy the product you end up with 2 possibilities. Either you get a good product that you will cherish using it or you will get something that is not worth your money. Eventually, you will lose some money in that transaction. Imagine the same situation when you are buying an expensive bulldozer. You just go by the words of the salesman and buy it. You later understand that you actually wanted some other features with some other benefits and now you don’t have much option.

We would be stressing upon few points that you must do before you buy a bulldozer.

Know your requirement and conduct an extensive research on the product:-

It is very important to understand what you are actually looking for in a bulldozer. Today, heavy equipment manufacturing companies have come down with “n” number of models having various features and every additional feature will cost you more. Therefore, it becomes extremely crucial for you to first know your requirements before you even start your research work. If you have a mighty project in hand then the set of requirements will be different but if the project is small then you may need an altogether different set of machine. Once you have known your business need, the next step is to do some research on the machine. As stated, bulldozers are manufactured by various companies and they come up with different models. So you need to study the kind of model you may need for completing the project.

Allocate funds for the purchase:-

While you are on with your research, you should also keep in mind another important aspect which is the amount you can allocate for the purchase. Check if you have enough funds to pay upfront or you want to pay via easy installments at the beginning of every month. Only when you are completely convinced that your finances are in order and you won’t have any trouble financially after purchasing the dozer, you should go ahead with the purchase.

Renting a dozer or purchasing a used one:-

Just in case, you find the amount way high and can overtly pinch your pocket, you might even want to take the option of either taking the dozer on rent or buy a used one. A used dozer will comparatively cost lesser and he may evade from feeling the heat.

Medium and small dozer are equally effective:-

If you are of the opinion that big machines are more effective then it is time to change your thought. It has been seen that in most cases a medium/small sized dozer has been more effective than a large sized machine. So considering the kind of project and the site, you should be looking for a dozer that suits your needs.

 

Looking for more options to buy construction equipment – Go online

When it comes to buying heavy equipment sky becomes the limit. You can just keep on purchasing different kind of small, medium and large range heavy equipment as they come with difference features and technologies. So if you are the owner of a construction company and are looking for some construction equipment, you have a wide market available. The only problem that you may encounter is you may not know from where you can buy the machines you require for your business. If you are a person who is loyal to a particular brand then you can directly contact the heavy equipment manufacturing company and give your requirement to them. They in turn will assemble all the machines for you. You pay them the money and they will get it shipped.

But let’s take the other way round. For instance, you are not a person who likes to stick with a particular brand and can move to brands that you find fits your budget, then you may find it difficult to contact every other brand and check what they have to offer you. In such a situation, you can make use of the online platform and see the different kind of options available in the market.

Using internet to check different kinds of equipment:-

If you are looking for different form of heavy equipment then searching it on the internet is the best option. You can register yourself in an online store that specializes in selling heavy equipment. That will help you to get in touch with different sellers and know the kind of equipment they are selling. You can also get to know the price of the equipment which can be easily compared from some other sources. The best way to compare the price of an equipment is to check the price on the company’s website and then compare it with the price the seller has listed on the equipment. On the basis of your requirement and the funds you have allocated for the machine, you can place your orders to them.

Buy the equipment from sellers who have good ratings:-

When you buy machines from any online store, you will find that sellers out there have certain scores attached to their ID’s. (EBay) This score can also be termed as the seller’s ratings. The ratings given to the seller suggest how good he is in terms of selling quality equipments and if the buyer is satisfied with his/her service. Hence, it makes sense to order equipment from sellers who have good ratings as you can assured that the stuff you will receive will be in good shape and if at all the machine turns out to be faulty, the seller will get it replaced without creating any hassles for you.

Easy refund of money:-

Just in case you happen to buy construction equipment from a seller who has shipped you defective item and is now not co-operating to replace the item, you have the option to register your complaint against the seller and also demand for a refund. You only have to ship the item back to the seller and the money will be credited back to your account.

 

 

Hire, Purchase or Lease – Which One is better for Your Next Heavy Equipment Investment?

Presently, construction industry is blooming but in a slow speed. In this situation, is it better for a construction company owner to lease, procure or rent a bulky paraphernalia? According to Peter D. Gregory, the senior vice president of the reputed construction group of Atlanta commented that right now the condition of the market is tentative that’s why the construction company owners are hesitating to procure heavy equipment or go for leasing deals. Yet, the construction concerns still require bulky paraphernalia to accomplish their task on the site.

In large organisation, the construction business possessors hire equipment managers and chief financial officers to give suggestion on the issue of renting, leasing or purchasing the heavy equipment. On the other hand, in the budding construction firms, the owners alone take the decision. The presidents of some of the well-renowned construction companies stated that the decision entirely counts on the financial condition of the organisations. To determine, which one is the most suitable one needs some logical prediction and forethought. Here in the following piece, the readers will come to know the difference between the buying, renting and leasing a heavy construction equipment.

Renting, Purchase and Leasing Options for Construction Site Contractors

Rent option helps the contractors to save their capital. Often, they choose the option of renting when they require a specific item for a particular task. Some of the well established construction merchants stated that renting is more costly than lease and purchase options because it provides flexibility to the clients.

When the contractors procure heavy construction apparatus, the dealers not only proffers instant ownership but also subtracts the depreciation cost of the equipment. The interest the possessors get form the deduction helps the construction firms to conserve their tax amount. Majority of the construction organisations prefer to buy heavy equipment parts as it adds as a valuable asset in the in the balance sheet. But, the majority of the budding construction owners prefer to go with the lease option because of the Alternative Minimum Tax (AMT).

Lease is yet another option that is facilitated to the construction company owners by the dealers. It is the best choice for those organisations which are not efficient enough to utilise the depreciation. Other than ownership, this option also provides usage pact with typical no money upfront quality.

Comparison Between Lease, Rent and Buy of Heavy Construction Equipment

For long term use, the charge of the lease is much lower than the renting cost. Therefore, it is sensible for the contractors to avail the benefits of leasing heavy equipment for long term basis. If the construction company owners desire to attain the equipment, then the outright purchase technique is more economical to other alternatives.

On the other hand, for short term purpose, the option of renting heavy construction apparatus is the best. If any construction concern owner wants to go with the buy option, he/she should asses some factors like time duration of the application of the equipment and its maintenance cost.

To sum up, it can be said that all the above mentioned options of availing the benefits of heavy equipment are beneficial to the construction owners unless and until they have the skill to attain it in proper way.

 

How fruitful will it be to buy brand new equipment rather than used one?

In every business people have to face some risks in order to meet success. Without sacrificing or taking risks in life you cannot achieve anything. The business world is very uncertain; nobody can predict what will happen in the next few days. Sometimes you will get success on the other hand you may have to face downfall as well. However, you have to always prepare for everything if you are involved with a business. It is same for the construction business also. When you are running a construction business then you have to deal with its every single detail very carefully. From choosing the right materials to heavy machineries and professional workers are very important for this business. The whole business is depending on the heavy equipment which is the crucial part of this business. Therefore, you have to give your full attention in order to buy heavy equipment. Some people like to buy used equipment because it comes within reasonable price. But it is always good to buy brand new equipment.

 

Advantages of brand new equipment in construction business

Usually, the contractors use heavy equipment in their sites in order to move heavy materials from one place to other. They also use this machine for heavy duty works in the construction sites. Therefore, many parts of the heavy equipment get damaged and can’t function well. The owners of that company try to sell that equipment at much less price. So, you should definitely not buy used equipment if you want to work smoothly at your site.  For buying such machine you can contact a reputed company and carefully verify whether the equipment can work perfectly or not. You also can check its different parts and its functions before buying it. If you have brand new equipment on your work site then you will be able to complete your work within time because you do not have to worry about your machine. Therefore, when you are going to buy excavator or bulldozer, look for the new equipment.

 

Try the renting option

However, it is also a fact that such equipment are highly expensive and if you cannot manage to afford the amount then you can try the renting option. There are many shops or companies that provide rental services. So you can definitely use this service. It is one of the best solutions that can save your money and at the same time will help you to finish your work timely. You just need to maintain this equipment properly. You have to repair the machine and take care of its every part. However, it is a difficult job but you have to perform it because after renting a machine it will be your responsibility.

 

If you want to continue your construction business and wish to get huge success in this field then you can buy the machines slowly. It is the best way to run a construction business.

B&R Equipment

817-379-1340

Purchasing Used Heavy Equipment- Things to Be Kept In Mind

When it comes to the construction industry it would be hard for anybody to deny the importance that heavy equipment in the smooth operation of the field is something that one cannot possibly overlook. And in the recent times, the use of second hand heavy equipment over brand new ones has been gaining in popularity. But there are certain things that have to be kept in mind before one actually settles for the deal.

Why Use Heavy Equipment?

The very first question that needs to be addressed in this context is why would a construction company go for used heavy equipment at all? Well, this is a point that can be dealt with quite easily. Let us first consider the start-up companies. Now, it is a widely acknowledged fact that setting up of a construction company is no mean feat. One would need quite huge amount of resources in order to accomplish this. And heavy equipment which form a major part of the working of the company are quite expensive a deal. Hence, the use of second hand heavy equipment does cut cost quite effectively. Also purchasing brand new heavy equipment in case of limited number of projects cannot really be said to be a viable alternative.

Consider Before Purchasing Heavy Equipment

Buying used heavy equipment for use in the field of construction is definitely a lucrative alternative. But there are certain things which have to be kept in mind while making a purchase of the second hand heavy equipment.

  • For one, make sure that you are completely sure of your requirement. Ensure that you have knowledge about what kind of construction equipment is required by you to serve your purpose.
  • There are a number of auction sites available online that deal with the trading of heavy equipment. In such a case, it is important to select an auction site that is quite high in terms of reliability. The same goes for the offline auction centres.
  • Another that should be kept in mind before you seal the deal is to ensure that the used equipment are in perfect working condition. You can go for a test drive to confirm the fact. Whatever be the function of the equipment, make sure that it is perfectly capable of performing those operations without glitches.
  • Another handy tip in this respect would be to check on multiple auctioning alternatives available, so that you do not lose out on the best deals that could availed at the price. Also ensure that you all the relevant papers with you once you settle down for particular heavy equipment.

Research- that is the key word for closing the best possible deal when it comes to the buying of heavy construction equipment. You have to hunt for the best alternatives that you can have in terms of auction sites, brands and the like in order to come up with equipment that could best fulfil your purpose. Therefore make it a point to have enough information about each and every aspect of the issue before you sealing a deal.

 

 

 

How to buy a used excavator?

In mining fields, or in construction sites, excavators are always very much in demand. For removing the ruins and wastes from the work site, or to load the construction materials to the site, excavators are the only vehicles that can help. However, buying a brand new excavators can burn a whole into the pocket, moreover, there is no specific necessity of a new one, as it serves no other purpose than what a second hand or used excavator does. Therefore, buying a suitable and good conditioned excavator is quite an intelligent task to do. This however needs a detailed survey of the used excavator, before buying it.

  • Inspect the physical condition of the excavator:

The first thing that the buyer should do is to carefully inspect the physical condition of the used excavator.  This includes everything from whether each and every part of the excavator like, the boom, the stick, the bucket, the cab etc. are in proper working condition or not. It should also be checked whether the engine starts smoothly or not. One of the most important factors that must be made sure is that there is no oil leakage from the engine of the excavator as it would mean that the excavator was not serviced properly or was not taken care of. If there is any visible damage on the used excavator, then it is very obvious that, that particular excavator should be removed from your wish list.

  • Make sure that the undercarriage is in proper condition:

Most of the buyers fail to inspect the undercarriage of the used excavators. However, it is very important to inspect that. It is very obvious that due to the usage of the excavator, the undercarriage would be a little scratched or a few other damages would be there. But it should be made sure that the undercarriage is in a repairable condition and it does not cost too much.

  • Check the papers:

The papers of the heavy mechanical vehicle are the most important thing. Without papers, the vehicle will have no further servicing. From the papers of the vehicle, it can also be inferred that when the vehicle was manufactured or how old it is. Thus you can take your decision, whether to invest on this used excavator or not.

  • Fuel consumption:

Before taking your final decision, start the engine of the excavator that you wish to buy and check its fuel consumption rate. If it is not satisfactory, then do not buy the excavator and look out for other options.

When you start a construction business or any other heavy business, it is very important that you are equipped with all the machines and equipment. This however burns a large hole in the pocket. Therefore, going to buy branded new machines or other equipment, then the cost automatically goes higher. A good conditioned, second hand equipment, especially a used excavator, comes at a much cheaper cost, but provide you with all the services that you require.

About the Author:

B & R Equipment Co.

3100 Keller Hicks Rd.

Fort Worth, TX 76244

817-379-1340 office

817-379-2734 fax