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Buying a new excavator is a significant investment. It’s more akin to buying a house than a car. There are many factors to consider to get the right machine for your needs. It’s important to do your research and consider all your options before committing to a purchase.
If this all feels a bit overwhelming, don’t worry. Yancey has been in the large equipment business for over 100 years and we have all the information you need to get exactly the right excavator for you. Follow our step-by-step guide to navigate the process with ease.
Determine your needs. This is the first crucial step in buying an excavator. Write down the size of the excavation projects you plan to tackle and the type of terrain in which you’ll be working. This will help you decide how much maneuverability you need, the weight of the excavator, the capacity for speed, and whether you need tracks or wheels. For example, tracks are better suited for rough terrain, while wheel excavators are more efficient for smooth or hard surfaces.
Set a budget. This step seems self-evident, but many people only focus on the cost of the machine and fail to consider the overall cost. Consider not only the initial machine cost, but also the overall cost of ownership which includes maintenance, repairs, and other expenses. Yancey’s customer value agreements can provide customized, streamlined maintenance solutions that will make budgeting and caring for your excavator stress-free.
Test drive the excavator. Just like buying a car or visiting a prospective house, you want to test the performance and feel of your excavator. You’ll be spending a lot of time in your machine. The excavator you have your eye on may seem great on paper, but it should be great in everyday use too.
Understand your warranty options. Warranties vary on specific models and circumstances. But because you’ve already determined what types of jobs you’ll do the most, you’ll have a good idea of which warranty option works best for you. A standard warranty provides 6-12 months of worry-free operation but Cat products last for much longer, so you might consider Equipment Protection Plans or Extended Service Coverage. You can also choose from powertrain, hydraulics, or premier coverage depending on your needs.
Understand your financing options. Most investments need financing options to move forward and buying an excavator is no different. Yancey can help guide you through the financing process and answer all your questions. We have fantastic finance options to help you save and offer financing and affordability calculators so you can budget smart.
Review the features and attachments. Excavators are wonderfully versatile machines thanks to their ability to utilize attachments. And with the advent of advanced technology, these machines are more efficient than ever before. Review your attachments and technology options to ensure you’re getting the most out of your excavator.
Explore new, used, or rental options. There are different costs and benefits to buying new or used excavators or opting for an excavator rental. At Yancey, you’re in the driver’s seat. Choose the best option for you with the knowledge that every excavator is backed by Cat quality.
Consider your maintenance needs. It’s important to be realistic about the maintenance your new excavator will require. The machine and the components will need careful attention throughout its lifecycle. Luckily, Yancey offers comprehensive and personalized customer value agreements. For one flat fee, we’ll schedule and perform regular maintenance, so you don’t have to.
Consider the insurance coverage you need. Don’t forget to factor in the type of insurance you’ll need to own and operate your excavator that goes above and beyond commercial auto insurance. It’s likely that you’ll need insurance like general liability coverage to cover operation and tools & equipment coverage that protects your investment.
Purchase high-quality equipment. Yancey is the nation’s oldest Caterpillar dealer. There’s a reason we’re trusted across Georgia as the go-to source for heavy equipment. We deliver the famous Cat quality. Cat equipment is built to last down to the smallest component. When you buy a Cat excavator, you know you’re getting the most quality for your dollar.
Understand your resale value. Because Cat equipment is known for quality it boasts a high resale value it’s important to factor into your purchase. Yancey makes it easy to resell your equipment if you’re ready to upgrade.
Know your after-sale support options. Do you have a plan for when your excavator needs service? Caterpillar has a network of over 50 authorized dealers and service centers throughout the United States. That means you can get access to parts and services to keep your excavator running no matter where your job is.
Contact Yancey in Georgia for Your Excavator Needs
Yancey is trusted all over Georgia for supplying high-quality new, used, and rental excavators. No matter your needs, we’re here to help. Browse our excavator options or get in touch to start the process of investing in the perfect excavator for your needs.
