With inventory of new equipment shrinking, contractors needing to replace a member of the fleet may turn to the used market. But they will likely find a shortage of inventory there, as well as sky-high prices.
To help contractors navigate this competitive used market, this episode of The Dirt explores the many pitfalls of trying to buy used equipment in a heated market, as well as seeks to calm the fears associated with purchasing used machines.
Host Bryan Furnace interviews Logan Mellott, Ritchie Bros. vice president of commercial operations, to get his expert views of what buyers need to know before they lay out a lot of money for a piece of used equipment. He offers tips on such topics as how to evaluate the condition of the equipment you want to purchase and tools you can use to evaluate that potential purchase.
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