Buying Bigger Better Academy

To Warranty or Not to Warranty: Your Construction Equipment Protection Choices

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🔗 Full Transcript: My Little Salesman - Heavy Equipment Warranties

🛠️ About This Episode:

Are extended warranties for construction equipment a smart investment or an added expense? This episode delves deep into the world of extended warranties in the commercial equipment sales and operations industry. We explore the pros and cons of heavy equipment warranties and present various equipment protection alternatives.

🌐 Key Topics:

  1. The Changing Landscape of Equipment Management: How the evolution of technology and expectations around total cost of ownership are reshaping the way extended warranties are perceived.
  2. Extended Protection - An Investment in Equipment Longevity: Understanding how manufacturers view warranties as critical tools for risk management and equipment productivity.
  3. Critical Considerations Before Opting for Extended Warranties: Evaluating your company's maintenance processes, risk management strategies, financial resilience, and the credibility of the warranty provider.
  4. The Role of Product Life-Cycle Maturity Assessment (PLCMA) in Warranty Decisions: An easy-to-understand explanation of PLCMA and how it influences the decision to purchase warranties at different stages of equipment life.
  5. Understanding the Extended Warranty Landscape: A comparison of OEM backed, third-party, and self-insured warranty options, along with their respective advantages and disadvantages.
  6. Competitive Advantage Beyond Cost Savings: How extended warranties can transform variable costs into fixed ones, provide valuable data insights, and enhance equipment resale value.
  7. The Warranty-Free Route: Discussing scenarios where construction companies might not require extended warranties, emphasizing the importance of adequate insurance coverage.

    8. 🔍 Find Your Equipment with My Little Salesman:

    Since 1958, My Little Salesman has been the go-to platform for connecting buyers and sellers of heavy equipment, commercial vehicles, and more. Use our intuitive search functionality to find exactly what you need quickly and efficiently.

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    #ToWarrantyOrNot #ConstructionEquipment #HeavyEquipmentManagement #MyLittleSalesman #EquipmentWarranties #RiskManagement #EquipmentProtection

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    Buying Bigger Better AcademyBy My Little Salesman, Inc.