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Tag: used equipment
Construction Equipment
How much money can Section 179 save contractors on 2020 equipment purchases?
Contractors will once again be able to write off the entire purchase price of new and used construction equipment bought and put in service in 2020.
October 28, 2020
Construction Equipment
Used Construction Equipment Financing Has Actually Increased During the Pandemic
Despite the pandemic, some financial institutions are reporting increased lending activity for used equipment.
October 6, 2020
Dealers
Majority of Contractors Researching Used Equipment Buys, Survey Says, With Excavators Topping List
While there are many hesitations in today’s used equipment market, there’s no doubt that respondents to Equipment World’s used equipment survey like to track what’s currently for sale.
September 14, 2020
Construction Equipment
Should You Buy Used Construction Equipment in 2020? How to Navigate the Market Amid a Pandemic
Used equipment is playing an increasing role as equipment buyers struggle to navigate 2020’s strange environment.
September 11, 2020
Dealers
Construction equipment auction companies switch to online-only during coronavirus, anticipate selling surge
Auction companies are preparing for a surge in heavy equipment sales by going to online-only operations during COVID-19. Details here on Equipment World.
April 15, 2020
Construction Equipment
VIDEO > Why I Buy Used Equipment: Repairability
We recently visited with CLS Excavation, a Liberty Hill, Texas-based contractor that specializes in commercial site prep. In this video we hear from Clint Stephenson, co-owner and president of CLS. Clint’s fleet is 100 percent owned Cat equipment and much of it was purchased with thousands of hours already on the machine.
January 24, 2020
Construction Equipment
100% Depreciation and Section 179 Benefits Continue in 2021 for New and Used Construction Equipment
Through December 31, contractors can purchase construction equipment this year and write off 100 percent of the cost of that purchase on their 2021 taxes as depreciation or a Section 179 tax deduction.
December 11, 2019
Construction Equipment
Tips for contractors seeking a loan for used construction equipment
When it comes to seeking a loan for purchasing used equipment, lenders are interested in the same things as contractors, says Steven Nenn of Wells Fargo Equipment Finance. Such information includes clear title to the machine, past use and maintenance of the equipment, and machine hours. When examining loan offers, Nenn recommends making sure the […]
August 22, 2019
Dealers
Equipment Roundup: Komatsu intros WA900-8 loader; Nissan drops Cummins diesel in next Titan XD; Doosan intros DX170LC-5 excavator; BFP Retro F-150 offers two-tone styling; Used equipment market softens…a bit
Stellar used equipment market softens … a bit. Here’s what’s hot and what’s not. Although the used equipment market has been steady, it doesn’t mean there won’t be softer prices ahead, especially compared with 12 months ago. “It’s still a strong market, even though it’s not as good as last year,” says Michael Cole with […]
August 19, 2019
Construction Equipment
Stellar used equipment market softens … a bit. Here’s what’s hot and what’s not.
Although the used equipment market has been steady, it doesn’t mean there won’t be softer prices ahead, especially compared with 12 months ago. “It’s still a strong market, even though it’s not as good as last year,” says Michael Cole with Cole Equipment, a used equipment dealer in Ada, Oklahoma. “The low-hour machines will still […]
August 13, 2019
Business
Ritchie Bros. Asset Solutions helps owners of large fleets organize, manage and dispose of used equipment
If you are managing a large fleet of equipment with a spreadsheet or other antiquated methods, you might be interested in a new offering from Richie Bros. Although best known for their auctions, Ritchie Bros is now offering RB Asset Solutions, what the CEO Ravi Saligram describes as an “end-to-end asset management and disposition solution […]
March 5, 2019
Home
Demand for used machinery rises as lag time for new equipment grows
August 13, 2018
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