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The 'Wrong Way' to Buy Equipment

0:52
16:38
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How to buy, rent or lease equipment the RIGHT WAY!

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What happens here

The presenter explains the 'wrong way' to buy equipment, which involves purchasing an item and then heavily modifying it with aftermarket parts. He argues that such modifications rarely add value and often detract from it, making the item less appealing to future buyers. Instead, he advises keeping equipment 100% stock OEM (Original Equipment Manufacturer) to maximize resale value. The key, he states, is not just about the purchase price, but how much you can sell it for, and when you plan to sell it.

Goal: Avoid common pitfalls that reduce equipment resale value.

Tools and materials

  • Ford F-250 Super Duty Truck Ford — Example of equipment discussed in terms of modifications and resale value

What they say

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let's clarify this a little bit so what he said is it's not about what you buy but how you sell it that's important and the easiest way to get the absolute most value back out of your equipment is to keep it 100% stock OEM and don't do aftermarket mods because those aftermarket mods might be cool to you but somebody else might go what the heck did they do and so when you can buy something right you first need to analyze how much you're going to sell that piece of equipment for and when you're going to sell it for so it's not about buying it it's about selling it and I asked him I threw every scenario you possibly could at this guy I said all right you're going to buy a Peterbilt dump truck do you put Chrome stacks on it do you bling it out and the guy looked at me and he said yes if it brings you the most value back out at the time of sale it's not about how much you pay for it I and I say so wait a minute you don't buy the cheapest you don't buy the most expensive he say the price you buy it for doesn't matter it does not matter what you buy it for it's about what you can sell that piece of equipment for and the difference between those two things is the actual cost of your piece of equipment so if you buy a piece of equipment wrong it's going to be it's going to cost you it's going to be expensive it's not going to be worth it in any way shape or form but if you buy a piece of equipment the right way you can actually make money on it

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