Excavator Rentals

Buying New Excavator Equipment

The number one reason for buying new equipment is the fact that it comes with a standard manufacturer's warranty. The length and terms of each warranty varies greatly but is typically between one and two years, depending on the intended usage of the equipment. However, those warranties do not come without a substantial increase in cost.

Ownership and tax breaks make buying business equipment appealing, but high initial costs mean this option isn’t for everyone.

Advantages of Buying a New Excavator

Ownership

Advantages of buying equipment is that, after you purchase the equipment, you gain ownership of it. This is especially true when the property has a long useful life and is not likely to become technologically outdated in the near future

Warranty

Full or partial warranties may be included with the new equipment purchase.

Tax Write off

Tax incentives are another good reason to consider purchasing equipment.

Disadvantages of Buying a New Excavator

Cash Flow

Purchasing equipment may not be an option, because the initial cash outlay is too high. Even if you plan on borrowing the money and making monthly payments, most banks require a down payment of around 20%.

Credit

Borrowing money may also tie up lines of credit, and lenders may place restrictions on your future financial operations to ensure that you are able to repay your loan.

Obsolescence

If you purchase high-tech equipment, you run the risk that the equipment may become technologically obsolete, and you may be forced to reinvest in new equipment long before you had planned to.

Excavator Manufacturers may offer new and used equipment for sale.

Some of the Leading Manufacturers of Excavating Equipment include:

Caterpillar
Caterpillar Inc.
100 N.E. Adams St.
Peoria, Illinois 61629
(309) 675-1000
www.cat.com/cda/layout?m=8703&x=7

Bobcat
View additional Bobcat training information at www.bobcat.com/trainings/home
www.bobcat.com/

GEHL
Gehl Company
PO Box 179
143 Water Street
West Bend, WI 53095
Phone: (262) 334-9461
www.mustangmfg.com/gehl_public/index.html

Hitachi Constrcution Machinery Trading Co., Ltd.
Itohpia Yushima Bldg 19-11, Yushima 3-chome Bunkyo-ku ,Tokyo
113-0034, Japan
www.hitachi-c-m.com/

John Deere
WORLD HEADQUARTERS
Deere & Company
One John Deere Place
Moline IL 61265-8098
U.S.A.
Phone: 1-309-765-8000
www.deere.com/en_US/deerecom/usa_canada.html

Komatsu
Komatsu America Corp.
One Continental Towers
1701 W. Golf Road
Rolling Meadows, IL. 60008
U.S.A.
Toll Free #: 1-866-513-5778
www.komatsuamerica.com