Why Buy Used Farming Equipment?

Used farming equipment is more affordable, but that's only the beginning of the benefits. Farmers can gain many unique perks by shopping a dealership's pre-owned inventory.

1. Get a Lower Total Cost of Ownership

The total cost of ownership (TCO) is the amount spent to obtain, use, and maintain the equipment. Used farming equipment will have a lower TCO, largely in part due to the lower asking price.

Once equipment leaves the dealership, it starts losing value. The biggest dip happens in the first year or so of ownership. Because of this depreciation, used farming equipment will cost much less than new models and make the TCO lower as well. It's a great option for anyone, but especially those on a tighter budget.

2. Used Farming Equipment is Easier for Operators

The latest models on the market are often built with updated technology that will be new for most operators. It will take time to learn about these differences in steering, usage, and maintenance. That's time that could otherwise be spent using the farming equipment and supporting your bottom line.

3. Get a Higher Resale Value

If there's a chance that you will later sell the farming equipment, it's especially wise to consider getting a used model. Maybe your farm outgrows the farming equipment's potential. Maybe you get a different piece of equipment or attachment that renders the first purchase redundant. Whatever the case, it's possible that you may sell the farming equipment in a few years.

If you purchased a used piece of farming equipment, you will recoup a greater amount of your original investment. The biggest loss of value happens during the first few years, which happened before you purchased the used farming equipment. When you turn around to sell it, the resale value will be much closer to what you originally spent.

4. Get More Corporate Social Responsibility Value

Buying used farming equipment leaves a drastically lower carbon footprint than buying a new model. With used farming equipment, the materials have already been used and the machine has already been built. You aren't creating new demand for a model to be made, which means a lower environmental impact. This helps contribute to a more favorable Corporate Social Responsibility profile.

5. Get More for Your Money

Thanks to the drastically lowered price of used farming equipment, you may be able to stretch your budget further. Purchase attachments that increase the farming equipment's versatility or even buy multiple pieces of used farming equipment!

Ready to shop used farming equipment for sale? Check out the selection at Abell & Son. Explore the available models online or stop by our dealerships in Lake Charles and Welsh, Louisiana. We also proudly serve those in Lafayette, Louisiana, and Beaumont, Texas.