Choosing between brand-new and slightly used heavy equipment can be tricky, both options have their pros. But here's the reality: more contractors and construction companies have started choosing 2019 and newer used machines over buying brand-new ones. Why? They're more affordable, hold their value better, and are often available right away.

So, is buying a lightly used excavator, dozer, or loader the smarter move? In this article, we’ll break it down to help you decide what works best for your budget, project needs, and long-term goals.

How much value does a new machine lose?

Studies show that brand-new heavy equipment can lose 20-40% of its value within the first 12 months, depending on factors such as brand, model, and demand. This quick drop in value means buyers who pay full price for new machines take a big financial loss right away.

For example, a new Caterpillar 336 hydraulic excavator priced at $300,000 could lose $60,000 to $120,000 in value within the first year, even if it has minimal operating hours. 

Comparing depreciation rates: new vs. slightly used models

While new heavy machines lose value quickly in the first year, the drop slows down a lot after that. A 2019 or newer model that’s already gone through the biggest depreciation holds its value much better. 

For example, a new bulldozer might lose 30% of its value in the first year but only 10–15% per year after that. A 2019 bulldozer, already past this initial drop, depreciates at a much slower rate, offering better resale stability.

This means that buyers investing in slightly used equipment can benefit from lower acquisition costs while still getting a machine with modern technology, strong performance, and a longer remaining lifespan.

Why 2019+ models offer better value?

Many buyers assume that a lower price means compromised quality, but in reality, modern construction equipment is built to last, and recent-model used machines often retain most of their original capabilities.

Unlike older generations, 2019+ excavators, bulldozers, and wheel loaders come with advanced technology that remains relevant for years. Features like GPS machine control, fuel efficiency optimization, and telemetry systems were already well-developed in these models, meaning a slightly used unit can offer nearly the same productivity as a brand-new one.

For example, a 2019 Komatsu PC360LC-11 excavator features Komtrax telematics, advanced hydraulics, and an efficient Tier 4 Final engine, capabilities that are nearly identical to the latest version. 

Warranties and extended service plans on late-model used machines

One concern buyers often have about used equipment is reliability. However, many 2019+ machines are still covered under manufacturer warranties or qualify for extended service plans. These warranties can cover major components like engines (e.g., Caterpillar C13, Cummins QSX15,) hydraulic systems and powertrain components.

Additionally, platforms like makana.com provide Certified Inspection Reports, which offer detailed assessments of a machine’s condition (+75 points), ensuring transparency and peace of mind.

Lower initial investment and better financing options

A brand-new wheel loader, excavator, or dozer can be very expensive and put a lot of pressure on a company’s budget. On the other hand, a slightly used 2019 or newer model costs much less but still works almost as well. 

For example, a new Caterpillar 140 motor grader may cost around $350,000, while a 2019 model with low operating hours could be available for $250,000 or less, a savings of $100,000 or more.

This price difference allows buyers to either purchase additional attachments, invest in maintenance, or simply retain capital for other business needs. Lower purchase prices also mean lower insurance costs, since insurance rates are often based on the equipment’s market value. 

Several financing options are available for buyers:

• Traditional equipment loans: Many banks offer loans with competitive interest rates for 2019+ models, given their retained value and reliability.
• Lease-to-own agreements: Instead of committing to a full purchase, businesses can opt for leasing programs that allow gradual ownership without a significant upfront cost.
• Auction financing: Platforms like makana.com provide financing solutions specifically for auction buyers, making it easier to acquire used machines at competitive prices.

However, beyond affordability, buyers also need to assess whether a 2019+ model can still deliver the reliability and durability required for demanding job sites.

Are 2019+ machines still a safe bet?

The lifespan of heavy equipment is measured more by operating hours than by age. A well-maintained 2019 wheel loader with 2,000 hours of operation can be in better condition than a 2023 model with 5,000 hours but poor maintenance history. 

Here’s a general breakdown of what operating hours mean for different types of machines:

• Excavators: Typically last 8,000–10,000 hours before major overhauls are needed. A 2019 model with 3,000 hours still has more than 70% of its useful life remaining.
• Bulldozers: With proper maintenance, they can run for 10,000–15,000 hours before requiring significant repairs.
• Wheel loaders: High-quality brands like Caterpillar, Volvo, and Komatsu often exceed 12,000 hours with routine servicing.

When purchasing a slightly used 2019+ machine, buyers should evaluate its service history rather than just the year of manufacture. A machine with consistent oil changes, component replacements, and fluid analysis will perform reliably, even with moderate usage.

Faster delivery and immediate availability

One of the biggest challenges in purchasing brand-new heavy machinery is the extended lead time before delivery. With global supply chain disruptions, manufacturers often face delays in producing and shipping new excavators, bulldozers, and wheel loaders. 

This delay can cause:

• Project setbacks: Waiting for a machine can slow down construction, excavation, or mining operations.
• Increased rental costs: Companies may have to rely on temporary rentals, adding to overall expenses.
• Higher costs due to inflation: With rising manufacturing costs, waiting longer may result in paying more upon delivery.

In contrast, buying a 2019+ model from a trusted platform like makana.com ensures faster acquisition, allowing businesses to put their machines to work immediately.

What to check before buying a 2019+ model?

When buying a 2019 or newer heavy machine, it’s important to inspect it carefully to make sure it’s reliable and worth the price. Here are three key steps to take before you commit to the purchase:

1. Verify service history and maintenance records

• Check for regular oil changes, component replacements, and fluid analysis reports.
• Ensure the machine has been serviced according to the manufacturer’s recommendations.
• Look for records of major repairs or part replacements that could indicate past issues.

2. Inspect key components (engine, hydraulics, undercarriage)

• Engine: Look for leaks, excessive smoke, or unusual noises that may indicate wear.
• Hydraulics: Test for smooth operation and check hoses, cylinders, and pumps for leaks.
• Undercarriage (for tracked machines): Examine track tension, rollers, and sprockets for excessive wear.

3. Request a virtual or physical inspection before finalizing the purchase

• Many platforms, like makana.com, offer 360° virtual tours and Certified Inspection Reports for detailed machine evaluations.
• If possible, arrange a physical inspection or have a trusted mechanic assess the machine.
• Verify that all documentation, including ownership papers and export permits, is in order.

Conclusion

Choosing a 2019 or newer heavy machine is a smart financial move that saves money without sacrificing performance or reliability. These machines have already gone through their biggest drop in value, are often well-maintained, and are readily available through auctions or direct sales, helping businesses avoid the delays of ordering brand-new equipment.

That said, it’s important to do your homework before buying. Check the machine’s service records, look over key parts, and get a professional inspection, either in person or online.