Renter's Guide: Buying a Boom Lift
Should You consider buying a new Boom Lift?
Why Buy?
The number one reason for buying new equipment is the fact that it comes with a standard manufacturer's warranty. The length and terms of each warranty varies greatly but is typically between one and two years, depending on the intended usage of the equipment. However, those warranties do not come without a substantial increase in cost.
Ownership and tax breaks make buying business equipment appealing, but high initial costs mean this option isn’t for everyone.
Advantages of Buying a New Boom Lift
Ownership
Warranty
Tax Write off
Disadvantages of Buying a New Boom Lift
Cash Flow
Credit
Obsolescence
How much would it cost to buy a Boom Lift?
Boom lifts are somewhat more expensive. New 30' to 40' booms can go for $25,000 to $45,000, and used models range from $10,000 to $30,000.
The largest lifts are much more expensive: 110' boom lifts are well over $100,000, and even used ones can be around $80.
Tips on Purchasing New Equipment
Don't buy based on price alone
Focus on choosing a quality dealer
Buy equipment that meets all your needs
Keep up on maintenance
Watch out for user modifications
Measure before you shop
List of Boom Lift Manufacturers
Visit the Manufacturers tab above to view a list of leading Boom Lift Manufacturers.
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