{"id":45102,"date":"2026-09-22T10:12:22","date_gmt":"2026-09-22T05:12:22","guid":{"rendered":"https:\/\/www.my-equipment.com\/blog\/?p=45102"},"modified":"2026-09-24T10:17:12","modified_gmt":"2026-09-24T05:17:12","slug":"why-contractors-are-skipping-new-machines-even-when-they-can-afford-them","status":"publish","type":"post","link":"https:\/\/www.my-equipment.com\/blog\/2026\/09\/why-contractors-are-skipping-new-machines-even-when-they-can-afford-them\/","title":{"rendered":"Why Contractors Are Skipping New Machines, Even When They Can Afford Them"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">It&#8217;s a belief that has been ingrained in people&#8217;s minds that you should purchase equipment when you can afford to, but when you can&#8217;t, you should use used equipment. If you visit a job site in 2026, it will be quickly shown to be incorrect. Many contractors who still have sufficient funds in their bank accounts and credit lines continue to stroll past the new equipment lot and in the direction of the used equipment.\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.my-equipment.com\/blog\/2026\/09\/why-contractors-are-skipping-new-machines-even-when-they-can-afford-them\/#Its_Not_About_the_Sticker_Price\" >It&#8217;s Not About the Sticker Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.my-equipment.com\/blog\/2026\/09\/why-contractors-are-skipping-new-machines-even-when-they-can-afford-them\/#No_one_discusses_the_issue_of_wait_times_enough\" >No one discusses the issue of wait times enough!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.my-equipment.com\/blog\/2026\/09\/why-contractors-are-skipping-new-machines-even-when-they-can-afford-them\/#Consumers_are_starting_to_understand_what_%E2%80%9Cused%E2%80%9D_means\" >Consumers are starting to understand what &#8220;used&#8221; means<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.my-equipment.com\/blog\/2026\/09\/why-contractors-are-skipping-new-machines-even-when-they-can-afford-them\/#When_New_Still_Wins\" >When New Still Wins<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Its_Not_About_the_Sticker_Price\"><\/span><strong>It&#8217;s Not About the Sticker Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The obvious answer is money. The cost of a new large excavator is in the high hundreds of thousands of dollars, while a similar <\/span><a href=\"https:\/\/www.my-equipment.com\/wheel-excavators\"><span style=\"font-weight: 400;\">used excavator<\/span><\/a><span style=\"font-weight: 400;\"> may be 30-40% less. That difference is important but doesn&#8217;t necessarily drive most experienced buyers to switch. If you ask a fleet manager who&#8217;s been at this game for fifteen years why they would purchase used, the price tag doesn&#8217;t come up as the first answer. What comes up are math-related applications.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What a contractor needs for a highway project that takes 14 months is an appropriate machine, not one that will be needed 20 years from now. They require a machine that will run without any problems for 14 months and then be sold on or moved to a smaller piece of work.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A new machine will lose its value most dramatically in year one (and usually 15-20% in the first year before the first oil change is necessary). A machine that has been on the market for 3 or 4 years and is documented as <\/span><a href=\"https:\/\/www.my-equipment.com\/stock-list\"><b>used heavy equipment<\/b><\/a><span style=\"font-weight: 400;\"> has already taken that measure. Whoever buys it next isn&#8217;t paying for that depreciation curve. They are on the cheap side of it.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"No_one_discusses_the_issue_of_wait_times_enough\"><\/span><strong>No one discusses the issue of wait times enough!<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The part that forces even well-funded contractors to turn to used stocks is lead times. Some of the major OEMs have reported that the time for ordering new equipment has increased to up to 9-18 months. If a contractor is awarded a bid today, he shouldn&#8217;t have to wait more than a year for a machine to arrive; he needs it today, not next spring. You can&#8217;t solve the availability problem with money alone with used inventory. All the money in the world and still not having enough manpower to run a bid.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is sneaking its way into how bigger contractors are designing their fleets. This is subtly changing the way that bigger contractors design their fleets. Rather than having to order new equipment a year ahead of work, they are maintaining a &#8220;rotate&#8221; of well-used equipment that can be deployed as soon as the project is confirmed, and they source new orders only for longer-term assets anticipated to be in use for 10 years or more.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Consumers_are_starting_to_understand_what_%E2%80%9Cused%E2%80%9D_means\"><\/span><strong>Consumers are starting to understand what &#8220;used&#8221; means<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Ten years ago it was a handshake, a logbook, and a paint job when purchasing used equipment. That&#8217;s changed. Decision makers today can check a used machine as carefully as a new one and, in some cases, more carefully since they know the machine&#8217;s service history, can access the telematics data, and can also see how it&#8217;s been used in the field, as opposed to a spec sheet.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It&#8217;s a major reason used-car ownership has become less taboo for serious players. This 5-year-old wheel loader that&#8217;s received a full service schedule and regular telematics data is no longer a gamble. Well, it is a known thing. On the other hand, a brand-new machine is just as much an unknown, as it has no proven track record and you can&#8217;t know if it will live up to the expectations on the spec sheet.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"When_New_Still_Wins\"><\/span><strong>When New Still Wins<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">All this does not mean that new equipment has been supplanted. Contractors with plans to operate a machine for 8-10+ years or for the newest emissions compliance, warranty, and manufacturer financing terms still favour \u201cnew.\u201d The answer is NOT &#8220;used is always better. It&#8217;s because the calculation has become more purposeful: project length, resale plans, availability, and the complete cost of ownership all come into play before a contract is signed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That&#8217;s the important change. Purchasing used was a last-resort option. Now, however, it is just another cost that these growing numbers of contractors must consider when running numbers, and more often than not, the numbers come out in their favor.<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">Ready to stop waiting on lead times? Browse verified<\/span> <a href=\"https:\/\/www.my-equipment.com\/track-excavators\"><span style=\"font-weight: 400;\">used excavators <\/span><\/a><span style=\"font-weight: 400;\">and<\/span> <a href=\"https:\/\/www.my-equipment.com\/wheel-loaders\"><span style=\"font-weight: 400;\">used wheel loaders<\/span><\/a><span style=\"font-weight: 400;\"> with full service history at <a href=\"https:\/\/www.my-equipment.com\/\">MY Equipment<\/a>, available now. <a href=\"https:\/\/www.my-equipment.com\/contact-us\">Contact our team<\/a> to get full assistance throughout the process, from finding the best machine to finally getting it in your yard.<\/span><\/p><\/blockquote>\n<p style=\"text-align: center;\"><span style=\"font-size: 18pt;\"><strong>Don\u2019t forget to subscribe to our YouTube channel for more equipment offers and insights into the industry. <\/strong><\/span><\/p>\n<p><center><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/Nni3IEZSDA8?si=CS9_zGu-m450s0I5\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe>\u00a0 \u00a0 \u00a0 \u00a0<\/center><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s a belief that has been ingrained in people&#8217;s minds that you should purchase equipment &hellip; <a href=\"https:\/\/www.my-equipment.com\/blog\/2026\/09\/why-contractors-are-skipping-new-machines-even-when-they-can-afford-them\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Why Contractors Are Skipping New Machines, Even When They Can Afford Them&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":45103,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1155,126],"tags":[5623,2348,568,2953,5631,3331,5627,2201,5625,4402,5624,5629,5307,3596,2565,4358,5626,2930,3171,47,110,5628,2769,1923,38,5630],"class_list":["post-45102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feature","category-news","tag-construction-equipment-buying-trends","tag-construction-equipment-costs","tag-construction-fleet-management","tag-contractor-equipment-strategy","tag-contractor-fleet-strategy","tag-contractors-buying-used-equipment","tag-depreciation-curves","tag-equipment-depreciation","tag-equipment-lead-times","tag-equipment-ownership-costs","tag-equipment-purchasing-decisions","tag-equipment-vetting","tag-fleet-procurement-strategy","tag-heavy-equipment-market-trends","tag-heavy-equipment-procurement","tag-heavy-equipment-purchasing","tag-new-equipment-lead-times","tag-new-vs-used-equipment","tag-smart-equipment-buying","tag-used-construction-equipment","tag-used-construction-machinery","tag-used-equipment-depreciation","tag-used-equipment-inspection","tag-used-equipment-market","tag-used-heavy-equipment","tag-used-machinery-buying-guide"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Contractors Are Skipping New Machines, Even When They Can Afford Them<\/title>\n<meta name=\"description\" content=\"Why are contractors skipping new equipment even with cash in hand? 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