Whether you operate in a fun, recreational industry or in a very serious and life-saving environment, whether you’re working the land or reshaping the landscape, the purchase of new equipment requires important consideration. An asset acquisition is a major business decision and one that deserves detailed planning and analysis of a number of factors.
We’ve prepared tips, hints and ideas to assist you in the equipment purchase decision making process. Ideas for agricultural machinery purchases, construction and civil works heavy equipment including trucks and sensitive, highly specialised medical equipment and where to find great deals.
Analyse exactly what you need to do the job. Do you require a single-purpose machine or will a more general use item represent a better investment? Research the equipment sales market in great depth so you are fully aware of what’s available. Organise your finance before agreeing on a deal. Knowing your monthly repayment commitment before agreeing to a purchase is simply astute business practice. Once you know your financial situation, decide whether new or used equipment will be your most cost effective solution.
With the planning and preparation done, you will be in a more confident and assured head space to proceed to negotiate with the seller on a great price.
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