What’s Right for You?
A wide range of new and used generators are available to potential buyers in the market today. The buying cycle typically starts out with identifying a need (i.e. to power heavy equipment, provide emergency backup, prime or standby power, etc.), then performing research and analysis to determine what your specifications and requirements are for a generator. After that, you’re than usually faced with the all-important decision of whether to go with a new or used generator. In order to reach an educated and informed decision and an answer to that, a number of important factors must be taken into account.
New vs. Used
Just as it is when purchasing a new car, the number one reason for buying a new generator is the fact that it comes with a standard manufacturer’s warranty and peace of mind that most new generators simply last longer than used ones. The length and terms of each warranty varies greatly but is typically between one and two years, (sometimes longer) depending on the intended usage of the generator.
However, as it is with cars as well, those warranties do not come without a substantial increase in cost. And, depending on the size, make and manufacturer, there may be a long wait time or limited availability so extra time is often required to account for that, especially on the larger generators. For businesses who have the time to wait and really want the security a warranty offers for a year or two, new generators can be the best way to go. As it is with any heavy equipment, you simply need to weigh all the pros and cons of your particular situation and your needs for a generator to determine what the best option is for your business.
Whilst most used generators don’t usually come with a warranty, it is often extremely advantageous to buy used generators for a number of reasons. A key one is of course that used generators with low hours on the engines are often available at very attractive prices, and are substantially below the high retail prices of new generators. It’s even possible to save up to 50% or more by getting a low-hour used generator instead of a new one.
Another reason to purchase a used one is the fact that they are readily available and can be bought and installed very quickly. There is no waiting because of limited availability, you can simply buy it and take it away the same day. Most big-name brand manufacturers build industrial strength equipment, the risk is negligible. Generators are built to last and work whenever necessary, as that is their true function in most cases, to always be there when you need them most. If you simply need a generator as a backup power option, then a used generator might be a more cost effective option.
In summary, as you can see, it is obvious that a used generator can typically provide much more value for your money and should therefore always be a consideration. However, as it is with any large industrial/commercial purchase, there are a number of factors to consider and weigh before making your final choice. When it comes to needing a generator that works around the clock, then investing in a new generator might be the best option.