In the current competitive engineering industry, investing in an efficient and reliable excavator is essential. However, for businesses and individual contractors with limited budgets, buying a brand new excavator may bring great financial pressure. At this time, cost-effective used Hyundai excavators have gradually become the first choice of more and more industry professionals. So, what are the advantages of used Hyundai excavators? How to choose a suitable used Hyundai excavator?
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Advantages of used Hyundai excavators
Reduce initial investment costs
For most contractors, buying a brand new excavator may mean spending hundreds of thousands or even millions of dollars, which is a huge pressure for many small businesses. Used Hyundai excavators are relatively low in price and are an excellent choice for cost saving. Buying used Hyundai excavator equipment can not only significantly reduce the initial investment, but also use the saved funds in other important areas, such as personnel recruitment, project management, etc.
High quality guarantee
Modern excavators have always been known for their durability and high efficiency. Even for used equipment, many models can still provide performance similar to new machines. The advanced manufacturing processes and technologies adopted by modern companies ensure the durability of the excavator. Many used Hyundai excavators have been rigorously tested and repaired to provide excellent performance for a long time.
Quick commissioning
Compared to waiting for the delivery time of a new excavator, a used excavator can usually be put into use immediately. Since the excavator has a certain use experience, many used Hyundai excavators have undergone strict quality inspections and can be put into use quickly with simple maintenance or adjustments, avoiding long waiting times and additional procurement procedures.
Lower depreciation rate
Once a new modern excavator is purchased, it will immediately begin to depreciate, and the depreciation rate in the first year usually accounts for more than 20% of the total price of the equipment. The slower depreciation rate of a used Hyundai excavator means that you avoid this huge loss at the time of purchase. In addition, due to the supply and demand relationship of used excavators in the market, the secondary sales price of a used Hyundai excavator is stable and more controllable.
Lower insurance costs
Since the purchase cost of a used Hyundai excavator is low, its insurance cost is naturally lower than that of a brand new device. Low insurance costs can effectively reduce the operating costs of an enterprise, which is especially important for small businesses with tight budgets.
How to choose a used Hyundai excavator
Although there are many advantages to a used Hyundai excavator, it is still crucial to make the right choice when purchasing. Here are a few key points to pay attention to when choosing a used Hyundai excavator:
Understand the equipment usage history
Before buying a used Hyundai excavator, you need to carefully understand the use history of the used excavator, including whether there have been major accidents or maintenance records. Ask the used Hyundai excavator supplier to provide detailed repair and maintenance records of the equipment, which will help you evaluate the true condition of the equipment.
Check the working hours
The working hours are a key indicator to determine whether the excavator can still be used normally. Generally speaking, equipment with shorter working hours has a longer service life and less maintenance frequency. If the used modern excavator has been working for too long, it may require large-scale repairs or replacement of key components.
Pay attention to the appearance and components of the used Hyundai excavator
Check the external condition of the used Hyundai excavator, including the degree of wear of key components such as crawlers, buckets and hydraulic systems. Any serious damage or wear may mean additional repair costs in the future. Before purchasing, it is best to ask professionals to conduct a comprehensive inspection of the used Hyundai excavator to ensure that there are no potential problems with the used Hyundai excavator.
Engine and hydraulic system inspection
The engine and hydraulic system are the core components of the excavator, which directly affect the working efficiency and service life of the used Hyundai excavator. Before purchasing, check the engine for abnormal noise or oil leakage, and make sure the hydraulic system runs smoothly.
Choose a reliable supplier
When purchasing a used Hyundai excavator, it is crucial to choose a reputable used Hyundai excavator supplier. Excellent suppliers usually provide equipment warranty and after-sales service to ensure worry-free operation of the equipment after purchase. In addition, used equipment from well-known brands is more secure in after-sales support and spare parts supply.
Purchasing heavy-duty equipment like mini excavators can be a daunting task, whether brand new from a dealer or used from a reseller or auction. A new excavator might be the best option for some, with used or second hand being the preferred option for others. Continue reading for an in-depth guide to buying used excavators, including a 5 step inspection list to help you decide which used machine is right for you.
As you're probably aware, the biggest benefit of buying a used or second hand excavator is the lower upfront cost. For most businesses and individuals, the biggest restriction when buying machinery is the cost so purchasing a used excavator can be the best option for a more restricted budget. The lower upfront cost also gives you more options when it comes to purchasing additional buckets and attachments as the money you have saved on purchasing a new excavator can be invested back into the machine to improve your future projects.
Similarly to cars, excavators depreciate in value over time, with the biggest drop occurring within the first 1-2 years after purchase. Buying a used excavator avoids this meaning you're not losing large amounts of money. This price reduction means you will be able to invest in an excavator that is relatively new but doesn't have the hefty price tag of a brand new one. After the initial drop in value, an excavator will depreciate more slowly which means it's likely to retain a good proportion of its value if you come to resell it in the future (assuming that it has been maintained during ownership).
You can check the track record of used excavators by researching the make and model and looking into reviews from existing owners. This information can provide insights into the machine's reliability and durability and help you determine whether it's going to be suitable for you. This is often not available for new excavators which can make investing a more dubious event.
As new machine models are released, the selection and availability of used mini excavators and excavators in the market grows, giving you a larger selection of makes and models to choose from. It's also common for new models to have long delivery times compared to used excavators which are readily available at resellers and auction sites so if you're in urgent need, a used excavator might be the option for you.
When you're trying to determine what make and model of excavator you want to purchase, there are 3 main things to consider: Residual Value, Brand Reliability and Running & Maintenance Costs.
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Residual value is how well the excavator holds its value over time. A machine that is cheap to purchase from new, will likely not hold its value meaning you will lose your money quicker. When purchasing machinery, you should consider the term 'you get what you pay for'. A brand with an initial cheaper price will likely face challenges down the line.
Brand reliability is how reliable the machine is known to be within the market. Some excavator makes are well known for their excellent performance. For example Kubota and Takeuchi are renowned for their reliability.
It's inevitable that at some point you will have to carry out maintenance and repairs on your excavator but how expensive these fixes will be will be determined by your machine make and model. For example the cost and availability of replacement parts can sometimes take longer and be more expensive to source, especially if the excavator is older or from an uncommon manufacturer.
Year & Model - Make sure to check the important information about the excavator, including the year, make, model and serial number which can usually be located on the data plate. These details ensure that the information provided by the seller is accurate and will help you confirm that the excavator matches the description given.
Operating Hours - A 'good' level of hours can vary depending on the size and operations history of the excavator. A mini excavator that has done 3,000 hours may be considered 'tired', compared to a 20 ton / 40,000 lbs excavator with 3,000 hours depending on the work that the machine has been doing. If you're unsure about whether the hours are of a good level, we would recommend talking to a plant operator or someone with knowledge external to the seller for an unbiased opinion.
Service History - Make sure to ask for a clearly-documented service history, this will show if the excavator has been well maintained and regularly serviced. If the used machine doesn’t have a service history readily available, this could imply that there are underlying problems or that it hasn't been thoroughly looked after.
General Machine Condition - the overall condition of the excavator will give a general indication of how well the machine has been looked after and its operation history. Check the state of the paintwork, decals, cleanliness, seat and dash condition. A clean and well looked after machine is often a good indication of proper maintenance and care.
Tires, Track & Undercarriage - Signs of dents, holes or oil residue can indicate improper care, misuse or internal damage. On a wheeled excavator, make sure the tires are in good condition, full of air and free of visible damage. Confirm with the seller how long the tyres have been in use to help determine if it's a good level of wear. For tracked excavators, make sure that the tracks have minimal wear or damage, that sprockets and idlers are in good condition and the track tension is firm.
Battery - Prior to starting up the excavator make sure to check the condition of the battery and the expiration date. Ensure all wires and terminals are free from corrosion, rust or unusual fluids - these could be an indication of a leak.
Oil / Oil Filler Cap - Prior to starting the engine, check the oil level and condition. The excavator engine relies on proper lubrication to function optimally, so low oil levels and a clogged filler cap indicates poor maintenance or leak issues. Relatively clear oil indicates the oil has been recently serviced; black oil indicates it's probably been poorly serviced or maintained; and milky or beige coloured oil indicates there is moisture in the oil which could be an indication of a leaking head gasket.
Start-up Condition - When starting up the excavator, make sure to take note of start up speed. If the excavator stalls or excessively turns over there could be an issue. Check for excessive smoke when revved - white, black or blue-grey indicates a potential engine issue. A small puff of black smoke when first started or revved is usually ok.
Hydraulic Checks - Check all hydraulic systems, including the cylinders, pumps, hoses and connectors for signs of wear or damage (cracks, bulges or leaks). A leak can be a sign of damage or degeneration - an expensive and time-consuming issue to fix. Once running, use the joysticks and pedals to move the rams in each direction. Ensure each ram is being used to its full extent and hold it - e.g. pull the dipper arm in as far as it will go and hold it - this will put the hydraulic pump under load. If you hear the engine reduce in revs this could indicate a fuel issue.
Slew Ring - A slew ring mounts between the excavator cab and the undercarriage and enables the cab of the excavator to continuously spin as necessary. To check the functionality of the excavator slew ring, fully rotate the cab in both directions. Slew at full speed, suddenly stop and see how much the machine travels afterwards, the further the cab moves after stopping the more worn the ring.
Additional Specifications - If you're purchasing an excavator that has additional features like air conditioning, heating or a radio, you should check that these function as required as they will have an influence on excavator value and purchase price.
Buckets, Attachments & Hitches - If the excavator is being sold with buckets, attachments or a quick hitch, ensure that these fit and operate as required. Be sure to check with the seller whether your quick coupler is a mix & match hitch. If it is, the pin dimensions of your buckets and attachments will not match the machine make and model so this will be something you need to bear in mind when purchasing additional equipment. Make sure to also check the wear on your buckets, attachments and hitches to ensure they're not close to failure as this will be an additional cost in the future to replace them.
Comparison to the Listing - As you carry out your inspection of the excavator make sure to compare it to the information provided on the sales listing. If there are any obvious inaccuracies or large damages or faults missed from the listing, make sure to question the seller as this can help you negotiate a better price or include any presale fixes.
Warranty and support - Ensure all documentation is included with the excavator, including any user manuals and manufacturer warranty information. If you're purchasing from a reseller or dealership, we would recommend asking about any warranty, return policies and after-sale support options in case you face any issues after purchase.
So, now you should know what to look for when buying a used excavator. Always take the time to carefully examine every aspect of the machine, from the interior and exterior condition to the battery, hydraulics and additional features. If you're in any doubt, don't hesitate to ask questions and seek advice from experts to ensure you're making the best decision for yourself or your company.