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New vs. Used Heavy Equipment Parts: What To Know

May 16th 2023

New vs. Used Heavy Equipment Parts: What To Know

Heavy equipment is vital for completing complex tasks on budget and on time. When parts break down, you need to replace them right away. Otherwise, they could cause further damage to the machinery.

Finding reliable components that fit can be hit or miss, so getting what you want from the start is essential. Here's what to know when deciding between new and used heavy equipment parts.

Features

Depending on the project, you may need specific features for your heavy equipment parts. Sensors, speed controls, and lift interrupt systems require specific items to continue functioning. Certain components may not be readily available from used sellers.

Whether you need parts for your heavy equipment's engine, undercarriage, or hydraulic system, pay close attention to the details to ensure you get something that works for your needs. The manufacturer, materials, and properties can significantly influence the project's overall success.

Reliability

Another essential thing to remember when considering new versus used heavy equipment parts is how well they hold up during operation. Protective coatings can offer weather and corrosion resistance features, enabling parts to last longer without breaking down.

While used parts are generally reliable, the source of purchase can make a huge difference. Do your research to ensure you get replacements that can handle the task. Compare reviews, check prices, and gather relevant information to ensure your parts work as expected.

Quality

The quality of the manufacturer is another thing to keep in mind. Suitable quality components will run smoothly and allow the heavy equipment to operate at max capacity. Worn, damaged, or improperly machined parts could cost you in the long run.

High-quality heavy equipment parts are available from resellers, but you need to consider how much of a deal you're actually getting. The money you save won't mean much if the parts break down prematurely. Salvage companies often have the parts you need, but you should avoid buying anything substandard.

Efficiency

If your heavy equipment parts need replacing, they could result in lower efficiency and increased downtime. This situation can make it harder for crews to complete projects on time and on budget. Replacing components with used ones that haven't gone through appropriate inspections can put you back at square one.

For example, items that require a clean operating environment can be more of a liability if you don’t completely replace them. You should never replace equipment parts, such as airflow sensors, filters, and hoses, with used ones. Otherwise, the equipment's performance could remain limited.

Availability

Availability can greatly influence your choice when considering new versus used parts. If you can't find quality used replacements for a decent cost, then getting new parts is probably your best option. On the other hand, new components can be nonexistent in some cases, meaning you'll have to go with used ones.

There's no need to feel frustrated if you can't find the necessary components right away. Used heavy-duty equipment parts are available from many resellers, but getting the best deal takes patience. Consider your options and what's available to find what works best for you.

Cost

The features, quality, and availability of heavy equipment parts significantly influence how expensive they are. If you're working on a budget or are low on funds, you may need to go with used parts to ensure you can complete the project.

Whether you purchase new or used replacement parts directly influences the overall repair costs of your heavy equipment. However, it's important to remember the price of components can vary over time, depending on market trends. The economic situation and the amount of supply and demand can play a significant role. Some parts are better at retaining their value over time.

Financing

If you need help paying for parts or want to write off your purchases on taxes, you'll need to ensure your supplier meets the legal requirements. You can use broken, damaged, and discarded heavy equipment for a tax write-off, but you must keep it in an accessible location.

It’s possible to write off new and used heavy equipment parts if the purchase period falls within the specified timeframe. You must be able to account for used equipment at the end of each cycle for the loss to be legitimate.

Warranty

If replacement parts fail, you could end up footing the bill for broken equipment and lost work hours. Many sellers offer their components with a guarantee that they'll last for a specific period. Ensuring your purchase has a warranty will enable you to replace your parts if something goes wrong.

In many cases, used heavy equipment parts won't include a warranty, making them a riskier investment, especially for expensive components. If you absolutely need a replacement part and aren't sure about its quality, a warranty can give you peace of mind while keeping operations uninterrupted.

Depreciation

As heavy equipment depreciates, so do the parts. Parts wear down over time, so it's inevitable that you'll have to replace them eventually. If your components fail, it may be due to a faulty manufacturing process. Whether new or used, you should ensure your parts last as long as possible.

While some components may depreciate in just a few years, others should last the lifetime of the equipment. Calculating the cost deprecation can give you an idea of how much you lose yearly due to maintenance.

Safety

One of the biggest factors to consider when working with heavy equipment is the safety of both operators and pedestrians. Malfunctioning parts can put people at risk, so consider the work environment and how crowded it is when deciding which replacement parts to purchase.

If new parts can improve safety and reduce the potential for accidents, they're well worth the added investment. Components that you’ll extensively use for securing, fastening, or stopping should be of the highest quality to ensure the equipment is as safe as possible.

Watch for Signs Your Parts Need Replacement

Heavy equipment does a lot of heavy lifting. The parts can wear out—sometimes without warning—leaving you unable to complete the job.

When comparing new versus used heavy equipment parts, you should consider every possibility to ensure you get the best deal.

New vs. Used Heavy Equipment Parts: What To Know