The resale value of a used construction hoist depends on several key factors that potential buyers should carefully consider before making a purchase. Understanding these variables can help both sellers price their equipment competitively and buyers make informed investment decisions.
Key Factors Affecting Resale Value
1. Age and Usage Hours
Construction hoists typically depreciate 15-25% annually
Equipment with under 5,000 working hours generally commands higher prices
Most hoists have a productive lifespan of 8-12 years with proper maintenance
2. Brand Reputation and Model
Premium brands like Alimak, GEDA, and STROS retain value better
Popular models with good parts availability maintain higher resale prices
Specialized hoists (like those for high-rise construction) often depreciate slower
3. Condition and Maintenance History
Well-documented service records can increase value by 10-15%
Recent major component replacements (motors, cables, control systems) add value
Cosmetic condition and paint quality affect first impressions and perceived value
4. Market Demand
Regional construction activity significantly impacts local pricing
Prices tend to be higher in developing markets with growing infrastructure needs
Seasonal fluctuations occur (higher demand in spring/summer construction months)
5. Technical Specifications
Load capacity (higher capacity units generally retain value better)
Lift height capabilities
Power source (electric vs. diesel models)
Safety features and compliance with current regulations
Current Market Value Ranges (2023)
| Hoist Type | Age | Condition | Approximate Resale Value |
|---|---|---|---|
| 2-ton rack/pinion | 3-5 years | Excellent | 15,000−15,000−25,000 |
| 3.2-ton traction | 5-8 years | Good | 12,000−12,000−18,000 |
| 5-ton material hoist | 8-10 years | Fair | 6,000−6,000−10,000 |
| 10-ton construction elevator | 5-7 years | Excellent | 35,000−35,000−50,000 |
Tips for Maximizing Resale Value
Maintain complete service records - Document all maintenance and repairs
Consider refurbishment - A 5,000refurbcanoftenadd5,000refurbcanoftenadd10,000+ to resale value
Time your sale - List equipment during peak construction seasons
Highlight special features - Emphasize any upgrades or unique capabilities
Professional inspection - Obtain a certified inspection report to verify condition
Where to Sell Used Construction Hoists
Specialized equipment marketplaces (MachineryTrader, EquipmentWatch)
Industry auctions (particularly for older equipment)
Local construction equipment dealers
Direct to other contractors (often yields best prices)
The construction hoist resale market remains active, with quality used equipment typically selling within 30-90 days when priced appropriately. Buyers should always inspect equipment in person or request detailed inspection reports before purchasing.
