Buying New vs. Used Aerial Lifts

Aerial lifts are indispensable tools across various industries, from construction and maintenance to warehousing and event production. These versatile machines provide safe and efficient access to elevated work areas, boosting productivity and ensuring worker safety. When it comes to acquiring an aerial lift for your business, two main options present themselves: purchasing new or used equipment.

While the allure of a brand-new aerial lift with cutting-edge features is undeniable, the cost savings associated with a pre-owned machine can be equally appealing. However, making the right choice involves more than just comparing price tags. Smart buyers consider the “total cost of ownership” (TCO) – a comprehensive evaluation that factors in not only the initial purchase price but also long-term expenses such as maintenance, repairs, and operational costs.

The Allure of New: Advantages of Buying New Aerial Lifts

Investing in a new aerial lift comes with several compelling advantages that can justify the higher upfront cost:

1. Latest Technology: New aerial lift models incorporate the most recent advancements in safety features, fuel efficiency, and overall performance. These improvements can lead to:

   • Enhanced operator safety through advanced control systems and sensors
   • Reduced fuel consumption, lowering operational costs
   • Improved productivity with faster lift speeds and more precise controls

2. Warranty Coverage: One of the most significant benefits of purchasing a new aerial lift is the comprehensive warranty coverage. This typically includes:

   • Protection against manufacturing defects
   • Coverage for major components and systems
   • Access to authorized dealer networks for repairs and maintenance

The peace of mind that comes with knowing unexpected repairs won’t break the bank can be invaluable, especially for businesses relying heavily on their equipment.

3. Reliable Performance: New aerial lifts are less likely to experience unexpected breakdowns or require frequent repairs. This translates to:

   • Reduced downtime and increased productivity
   • Lower maintenance costs in the early years of ownership
   • Greater confidence in meeting project deadlines and client expectations

4. Customization Options: When purchasing a new aerial lift, you often have the flexibility to customize the machine to your specific needs. This can include:

   • Choosing specialized attachments or accessories
   • Selecting specific power sources (e.g., electric, hybrid, or diesel)
   • Configuring the lift’s working height, capacity, and reach to match your typical projects

5. Higher Resale Value: New aerial lifts generally retain their value better than used equipment. This means:

   • A stronger return on investment if you decide to sell or trade in the lift later
   • Easier financing options due to the equipment’s higher collateral value
   • Potentially lower long-term ownership costs when factoring in resale value

While the initial cost of a new aerial lift can be significant, these advantages often translate into long-term savings and improved operational efficiency. For businesses with consistent equipment needs, the reliability, advanced features, and warranty protection of a new lift can provide substantial value over time.

Don’t Discount the Used: Advantages of Buying Used Aerial Lifts

While new aerial lifts offer cutting-edge features, purchasing a used machine can be an attractive option for many businesses. Here are the key advantages of investing in pre-owned aerial lifts:

1. Significant Cost Savings: The most obvious benefit of buying used is the lower upfront purchase price. This can translate to:

   • Reduced initial capital investment
   • Ability to acquire higher-end models or larger capacity lifts within budget constraints
   • Potential for purchasing multiple units instead of a single new machine

2. Variety of Options: The used market offers a wide range of aerial lift makes, models, and configurations. This variety allows buyers to:

   • Find equipment that precisely matches their needs and budget
   • Access discontinued models with specific features they prefer
   • Compare different brands and styles more easily

3. Depreciation Already Factored In: New aerial lifts experience significant depreciation in their first few years. With a used lift:

   • The steepest part of the depreciation curve has already occurred
   • The equipment’s value is likely to remain more stable over time
   • You avoid taking the initial depreciation hit, which can be substantial

4. Immediate Availability: Used aerial lifts are often ready for immediate purchase and deployment. This can be advantageous when:

   • You need equipment quickly for an upcoming project
   • You’re looking to expand your fleet on short notice
   • Seasonal demands require rapid scaling of your equipment resources

5. Lower Insurance Costs: Insurance premiums for used aerial lifts are typically lower than those for new equipment, due to their reduced value. This can result in:

   • Lower ongoing operational costs
   • More budget flexibility for other business needs

6. Opportunity for Bargains: With careful shopping and negotiation, it’s possible to find high-quality used aerial lifts at exceptionally good prices. This might occur when:

   • Companies are liquidating assets
   • Rental companies are updating their fleets
   • Dealers are clearing out older inventory

While used aerial lifts come with their own set of considerations, the potential for significant savings and immediate availability make them an attractive option for many businesses. For companies with occasional equipment needs or those looking to maximize their purchasing power, a well-maintained used lift can provide excellent value.