Should I Buy a New or Used Skid Steer?
If you’ve been shopping online and comparing the most popular skid steer brands on Equipment Trader to make an informed purchase, one common question will come up as you look at listings: Should I purchase a new or used skid steer? Your budget, intended use, maintenance and storage expectations, and how often the machine will be used will help guide you to your answer. But with one of the most versatile and effective machines in the industry, you should understand the advantages and disadvantages to both of these buying options to make the best investment.
Benefits of Buying a New Skid Steer
For contractors, construction companies, and businesses that rely heavily on equipment performance, there are several compelling advantages to buying a skid steer that’s new. The first big benefit is reliability, as new machines come with no wear and tear, meaning there’s less chance of an unexpected breakdown or costly repair in the near future. As a project manager, you know that downtime can significantly impact productivity and profitability, so many professional operators view the added cost of a new machine as worthwhile.
Financing options on new machines can be more attractive, as manufacturers and skid steer dealers frequently offer promotional financing rates on new equipment. This can make ownership more accessible for qualified buyers. While purchasing new can come with a higher upfront cost, a well-made model represents a substantial investment but improved performance. Just like when you buy most new equipment, skid steers will depreciate when their value declines significantly during the first few years of ownership, so keep this in mind if you plan to resell in the future.
Buying new can come with the advantage of warranty coverage on the machine. Most manufacturers offer warranties that protect against defects and major repairs during the initial ownership period. This provides peace of mind and can lower maintenance costs during the first years of operation. Just make sure you look into the details of what’s covered with the warranty when you make your purchase.
New skid steers also come with the latest technology and safety improvements for operators. With modern machines, you can expect advanced operator controls, improved visibility, telematics systems, fuel-efficient engines, and advanced attachment capabilities that turns this heavy-equipment into a multifunctional workhorse within your fleet.
Benefits of Buying a Used Skid Steer
For budget-conscious buyers, pre-owned skid steers can be a valuable alternative to purchasing new. Cost savings are the most obvious advantage, as used machines can sell for substantially less than comparable new models. This allows shoppers to acquire equipment without stretching a budget, so whether you’re running a small equipment business, startup, ag operation, or own property, this could be an ideal option for those who don’t need a machine on a daily basis.
On today’s resale market, you have access to a larger selection of versatile models that can be equipped with attachments. The newer versions of these skid steers might not be the most affordable options out there. In this case, you don’t have to settle on a smaller, newer model with less power or capabilities than a higher-capacity used unit.
When you buy a pre-owned skid steer with a significant number of hours of use, most of the depreciation might have already occurred. Used equipment can hold its value more effectively in case you’re looking to eventually resell a well-maintained machine.
The largest drawback with used machines is the uncertainty that comes with how well the equipment has been maintained through its use. When you go to buy, you need to inspect the unit, ask the owner the right questions, and factor in a budget for repair costs when committing to a purchase. Warranty coverage may be limited or nonexistent, and you may end up having to pay for most of the repair costs. Additionally, older used units will lack the latest technology, fuel efficiency improvements, or safety features found with new models.
Who Should Buy New Skid Steers?
Professional contractors, construction companies, rental businesses, and independent operators who rely on heavy equipment every day have much to gain from owning a new skid steer. With the threat of downtime delaying projects along with the impact on consumer relationships and loss of revenue, the reliability and warranty protection of a new machine justifies a higher purchase price.
If you plan to keep the equipment for many years, it’s an added benefit to start the machine with no prior history so you’re not inheriting any maintenance defects. If you run a company that seeks the latest technology, increased fuel efficiency, or advanced attachment compatibility, new equipment can have more to offer with immediate and long-term value.
Who Should Buy Used Skid Steers?
Pre-owned skid steers are better for occasional heavy equipment operators, those who aren’t using machines on a daily basis, or those with limited budgets.
If you’re a farmer, landscaper, property manager, or homeowner with large acreage, you might only use a skid steer periodically throughout the year. In these situations, a used unit poses the benefit of savings that can outweigh the advantages of buying a new and more expensive machine. If you have a specific project or timeline planned out, you can also consider equipment rentals for a shorter-term use.
Further, used equipment can be a smart option for businesses entering the market or expanding their fleet while managing costs. If you’re willing to take the time to research maintenance history, inspect the equipment, and purchase from reputable sellers, you can find a dependable and affordable machine with significant discounts.
The Bottom Line
Purchasing a new or used skid steer should be based on factors like budget, intended use, and tolerance for maintenance risks. At a glance, new skid steers offer reliability, warranty protection, and modern features for heavy daily use. Used skid steers can be budget-friendly with slower depreciation for occasional operators and cost-concerned shoppers.
You should evaluate the ways you’ll use the machine, the tasks the machine will perform, and the total cost of skid steer ownership over time, including maintenance and repair fees. This will help with your selection on the marketplace so you find a machine that’s ready for immediate work and delivers value for the future.
Ryan Miller
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