The Bobcat Company is an American company that makes construction vehicles and equipment that are used throughout the world. Bobcat has a great reputation, and the equipment can be expensive, which is why many buyers seek a deal by purchasing preowned equipment. This can be a great way to save, but there are five things you should know before signing on the dotted line.
1. Assess the Used Bobcat Purchase Based on TCO.
Total cost of ownership or true cost to own is what the construction equipment will cost you over the entire period you intend to use it. There may be a used Bobcat available at a fraction of its original MSRP, but if that equipment has a lot of hours on it and no maintenance coverage, then that’s a significant cost annually that you’ll need to account for.
2. Carefully Weigh the Leasing Option.
Many companies can’t afford to purchase a new Bobcat even with financing, but purchasing used isn’t the only option. There are a number of leasing options available through Bobcat dealers. The initial costs of a lease will likely be higher, but keep in mind the TCO. A leased Bobcat comes with a warranty and other protections, which means that you know exactly what you’re paying over the term.
3. Bobcat Will Provide an Equipment History.
Each piece of Bobcat equipment has a unique serial number. Locate the serial number. Equipment with a missing number or a damaged SN plate should be avoided. Call Bobcat, and request an equipment history using that SN. Bobcat keeps track of all vehicles and equipment and can provide you with a lot of information that either supports what the seller says or doesn’t.
4. Bobcat Offers Used Equipment Service Plans.
These plans let you know what maintenance costs will be annually and also protect you against equipment failures. Bobcat bases the cost of these plans on the make and model but also the individual equipment. A quote is a reflection of what the company thinks about a piece of equipment long-term. If the quote is higher than you expected, then you may want to reconsider.
5. Have a Bobcat Mechanic Inspect the Equipment.
If everything checks out, it’s time to schedule a mechanic. Don’t hire just any mechanic. Bobcat certifies mechanics to work on their equipment. These are the people who do work under warranty, and they’re in a great position to tell you if a piece of equipment is exactly what you think it is. If you have trouble finding the right mechanic, contact your local dealership. It either has one on staff or can direct you to one.
