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Options for creating a fleet

Options for creating a fleet

One question we always get asked, whether in a roundabout or straightforward way, is "how can I get more for less?" When it comes to earthmoving equipment and mining equipment, we love hearing this question because there are a few straightforward solutions that we can provide.

The problem

In today's economy, a small operator doesn't always have the major funds required to purchase a new machine. $60k+ for a new excavator is hard to justify unless you've got a sizeable contract lined up. But you might not successfully attain a contract unless you have the equipment you need. So what's the best way forward?

Traditional bank loans

You can get a bank loan and make it part of your overall business. If you want to buy a new piece of equipment, a traditional loan is good because it gets you certain benefits depending on your chosen institution. On the other hand, you aren't guaranteed a loan, you have to pay extra for the equipment because of interest rates, and you have to spend time and resources to identify the best loan and to apply for it, including providing all the business plans and other documentation they may need.

Purchase second-hand

A second-hand piece of mining equipment, like a car, can be far less expensive to purchase. The trick is to find a reputable dealer with great reviews (such as National Plant & Equipment). Check out their website and make sure that if anything does go wrong, the dealer has the skills, parts and desire to help you get back on track quickly.

Hire your equipment

Of course, one of the most cost-effective solutions is leasing your mining equipment. Mining or earthmoving equipment is costly to purchase upfront, and you do have to take into account the costs of repairs and maintenance for the life of the machine - but not if you lease it. You don't have to spend a lot of money on building your own fleet with leasing - you use ours.

At National Plant & Equipment, we have a huge range of equipment for hire. From water carts to excavators, we have everything a mining or earthmoving operation could need to fill a large or small contract. Leasing also allows you the flexibility of cherry picking your equipment to suit your job.

Call National Plant & Equipment for all your plant and equipment hire needs.