Your machine is getting old and you’re in the midst of a decision to either repair, rebuild, or replace it. What should you do? What are the things you need to consider for your Winter Haven parking lot paving?
The choice isn’t always obvious. There’s a rule of thumb that everyone follows: it says that when the repair costs of an old machine exceed 50% of the price of a new one, it’s probably time to replace the unit.
Still, even if the high cost of repair makes you think about getting a new machine, there are still a lot of other costs that can play a huge role when running the numbers.
Getting a new machine means you need to pay higher taxes as opposed to having an old one repaired or rebuilt. The depreciation cost of the machine plays well into your income tax returns, so always take this into consideration when deciding whether to have a machine repaired or not.
Instead of buying a new machine, you can have the warranty or insurance extended. Future repair costs can be reduced or avoided with a new machine warranty. Some rebuilt units also come with good-as-new warranties, which help control the repair costs in the future.
This is one important reason why you should consider buying a new machine rather than having an old one repair. New machines mean new technologies and new technologies mean more fuel-efficient systems. Machines of today use less fuel than old models. You can buy a lot of diesel with the money you’ll save from repairing or rebuilding a machine.
Are you thinking of buying a new machine? This means getting rid of the old machine, right? But how are you going to dispose of that old machine? Paving machines are bulky and humongous.
They take up a lot of space in your garage or your warehouse so you don’t have the option of letting the old one stay in your place for too long. You have to take into account the costs of having an old machine disposed of properly.
Getting a new machine means training your operators how to handle it. Because of new technologies, these new machines will be configured differently from the old one. However, this also means that this new machine has more safety features and is more efficient and profitable. The realized value can offset the money spend on upfront fees.