What are the main sources of used excavators?
Used excavators come from a wide range of sources, including the following:
Obsolete equipment of leasing companies: Leasing companies usually update their equipment fleet on a regular basis to ensure the overall performance and reliability of the fleet. Some excavators that have reached a certain level of service life or have accumulated a high number of working hours may be eliminated due to the leasing company’s business strategy, equipment upgrades, etc., even though they can still work normally. These equipment have generally undergone some maintenance and are guaranteed in terms of performance.
Engineering companies switching or downsizing: Some engineering companies may decide to switch or downsize their engineering equipment due to business direction adjustments, changes in the market environment and other reasons. At this time, they will sell the excavators in their hands. The use of these excavators varies according to the type of business and working environment of the engineering company, and they may be used in relatively good environments such as urban construction and road construction, or they may be operated in harsh environments such as mines and fields.
Mortgage equipment repossessed by the bank: when the user who purchased the excavator is unable to repay the bank loan on time due to economic reasons, the bank will repossess the mortgaged excavator in accordance with the terms of the relevant contract. The time and condition of the equipment varies, some may have been used for a short period of time, while others may have been used for a long period of time. The bank will usually realise the equipment through auction or other means to cover the loss of the loan.
Personal Idle Equipment: Some individual excavator operators may decide to sell their equipment for personal reasons, such as health conditions, change of business, etc. The use and maintenance of this type of equipment is often related to the individual’s business habits and economic strength. Some individual operators may carry out careful maintenance of their equipment, while others may have insufficient maintenance of their equipment due to various reasons.
Imported second-hand equipment: China has a part of the second-hand excavator is imported from abroad. These imported equipment mainly come from Japan, Europe and the United States and other countries and regions. Among them, Japan’s used excavators are more common in China’s market, because Japan’s engineering machinery industry is developed, advanced equipment manufacturing process, and Japan’s maintenance and management of equipment is more standardised, so its elimination of second-hand excavators in the performance and quality of relatively good. These imported equipment usually enter our country through formal customs channels, need to go through the relevant inspection and quarantine procedures.
