The Growing Need for Construction Equipment Protection

In the past couple of years, OEMs have been pumping out construction equipment fleets in vast amounts. Globally, the construction industry continues to grow at a rapid pace as more roads are being paved, more buildings are rising out of the ground, and better technology allows us to drill into the resources below our feet. As every country helps infuse its economy with money by building and rejuvenating its infrastructure, the construction equipment industry has positioned itself to take advantage of the growing demand for this economic renovation and innovation. So, there is no question as to why there is a growing trend of dealerships trying to maximize the life of their construction equipment by offering extended warranty contracts.

Extended Warranties on the Rise

Finding a way to maximize the life of construction equipment fleets will prove to be extremely beneficial for every single dealership in the United States and around the world while many countries will continue to see economic development. By offering extended warranty contracts at your dealership, you’ll be able to improve your bottom line by growing your revenue stream as the functionality of your construction equipment will be covered longer.

A great number of dealerships are beginning to add on extended warranty contracts to the sales and rentals of their construction equipment as an added protection against lofty expenses that can occur when the occasional equipment breaks down. Not only do you have to worry about finding another machine to replace this one on the job, you also have to worry about how much it will cost to fix the broken piece of machinery if you are out of warranty.

Extended warranties are designed with the dealers in mind. Equipment shouldn’t always break down, but we know over time that it is sometimes inevitable. This is the reason why many dealerships are taking on extended warranties for their construction fleets. Not only does an extended warranty “extend” the lives of your equipment, it can also help improve your bottom line in the long run.

It’s one thing to be stuck with timely repairs from equipment breakdowns, but it’s another to be stuck with timely AND costly repairs when you don’t have the safety net of an extended warranty contract on your construction equipment.