Deciding whether to purchase a new or used drill rig can be a difficult decision for contractors in the horizontal directional drilling industry. While used drill rigs can be a good option for contractors who do a few boring jobs a year or have limited budgets, they come with certain risks. It's essential to consider the unit's location, obtain maintenance records, and buy from a reputable dealer.
On the other hand, purchasing a new drill rig comes with added benefits such as the latest technology, extended warranties, and reduced revenue loss due to breakdowns. Additionally, new drill rigs can be financed over a longer loan term. Ultimately, it's important for contractors to weigh the pros and cons and consider their specific needs and budget before making a decision. Learn more to choose a new or used drill rig.
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