Figuring Out the Right Time to Buy

Contractors need to weigh several factors before getting new equipment, including size, age and the jobs they'll be handling with it
Figuring Out the Right Time to Buy
Dervin Witmer, owner of Dig-It Excavating in Michigan, operates a Caterpillar excavator on a job site where his crew is installing a new septic system. Witmer has a practice of replacing equipment every five years to avoid downtime.

It is a common question most contractors struggle with: When is it time to make that investment in a new piece of equipment? Sometimes, the answer is obvious: A piece of equipment breaks and repairing it would cost more than buying a newer model. But for many contractors, the...

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