When deciding on a new piece of equipment, whether for yourself, or for a company, the cost and value of a machine has many factors that need to be considered. As with many things, there is more to look at than just the ticket price.

The purchase price is the first thing to look at. It will help you decide where to buy your rig, and even which manufacturer to buy from. The up front purchase price is the first deciding factor on the path to buying new equipment.

The next factor is how often will the new equipment be used. If it’s being overused, the cost of the equipment goes down, but the cost of maintenance goes up. If it’s underused, then the cost of the equipment goes up.

Maintenance is one of the biggest factors in the lifespan of a piece of equipment. The more time and money spent on maintaining a piece of equipment, the less time it spends working, and making you money.

Finally, the cost of fuel, and the rate at which the equipment will use it is important to consider. The cost will vary depending on where your site is, as well as the time of year that you’re working. Machines with high fuel consumption should be looked at closely, as well as considering a more fuel efficient option.

As you can see, choosing a new piece of equipment is more than looking at just the price tag.

Do you have questions about equipment, or learning to operate? Let us know! We’d love to help.