New or Used Farm Equipment: What’s Best for You?

Buying equipment for your farm is a great way to increase productivity while lessening your workload. However, it can be difficult to choose between a new or used model—they both have so many benefits! For advice you can read our article below and, when you’re ready, visit any one of our locations in Manitoba, Canada for all your equipment needs.

Maintenance

If you’re unfamiliar with farm equipment upkeep and maintenance you’ll want to buy a new model. New parts won’t deteriorate as quickly as used ones, allowing you some time to get the hang of general care and repairs. Even better, new models often come with a number of warranties that will protect against various damage at no cost to you. This alone makes a new machine’s higher price worth the investment, as you’ll be saving quite a bit on mechanic fees in the first few years or so.

Technology

If you’re interested in having high-tech machinery, interfaces, or tools for your equipment you’re going to need a new model. While you can customize your machinery and add some of these components yourself, they’re not often compatible with older machines.

Budget

If you’re trying to buy farm equipment on a budget, a used model is the way to go! Despite what you may think, it’s actually very easy to find high-quality used machinery. It’s not unlikely you’ll find a model from a high-quality manufacturer or with minimal usage for an amazing price.

Depreciation

Equipment depreciation varies a bit from machine to machine and is largely based on equipment life expectancy. Generally speaking though, equipment has a very low depreciation rate and generally lasts quite a longtime. However, there’s no shaking that initial fall that comes when you first take your purchase off the lot. If you’re not buying machinery for the long term we advise going with a used model. You’re much more likely to get a return on your investment if it’s well taken care of, and you can even raise its value by adding on various implements.  

Familiarity

It’s not always easy learning to control and maneuver farm equipment. Many buyers have already learned and practiced on another machine before buying their own personal models. If you’re not interested in newer technology or learning new controls, you may want to take a look at the used equipment on the lot. You’ll find that older models typically have familiar controls, so you won’t need to relearn the ins and outs of your machine.

We hope our article has made it clear which model type is best for you. Whether you’re needing a new or used piece of farming equipment we hope you’ll visit us here at Duron Equipment Inc. We proudly serve the cities of Winkler and Morden, Manitoba and offer helpful services such as parts and repairs as well as rental options!