5 tips to protect you when buying used heavy construction Machinery in Canada.

1. 5 tips to protect you when buying used heavy construction Machinery in Canada. Buying used heavy construction machinery comes with economic advantages but some business owners stay away from this opportunity as they feel the risk might outweigh the benefit. Here are 5 ways to reduce the risk associated with buying used heavy construction machinery and equipment. 1.Make sure you buy equipment from a reputable seller- To determine whether the seller is legitimate and reputable, read online reviews, testimonials, and business reports. If you're unsure whether the seller is a reputable one, check www.stolenequipment.ca. The platform is an online forum to ensure legitimate sales of heavy construction machinery in Canada. Through a centralized portal, the buyer can check the rightful ownership of equipment. 2.Do a thorough background check- Prior to buying used equipment or heavy construction machinery, be sure the seller is the legal owner or has the legal authority to sell on behalf of the owner. Be wary of Stolen construction Machinery and liens. The seller should be able to confirm whether the equipment is owned outright by them; if not, do your check. If you are purchasing equipment from a private seller, ask them to provide the original sales invoice and verify that the name appears on the invoice. Additionally, the serial number, or the vehicle identification number, can be used to check ownership online. You can run these numbers through Stolen Equipment to see if the item has been reported stolen. 3.Ensure that equipment has a clear title- Ensure that the equipment or heavy construction machinery you purchase has a clear title or has no liens attached to it (for example, a finance company or bank has not repaid the seller for money borrowed to purchase the item). Else you may have to lose ownership to the lending institution. 4.Examine equipment before you purchase it- When purchasing used equipment/ heavy construction machinery in Canada, do a thorough physical and functional inspection. If you lack considerable heavy equipment knowledge, have a qualified mechanic or, an experienced operator does it for you. When buying online check websites that provide detailed information and photos. Carefully examine the pictures and, don't hesitate to email the seller with any questions you have or to ask for different angles of the equipment. 5.Keep a record of payments- Be sure to get a receipt or other document to prove that you own the equipment you buy. If you are buying from a private seller, avoid paying in cash. Use a certified check and leave a paper trail to show you paid for the item.