Common Myths About Buying Used Oilfield Equipment

When it comes to purchasing used oilfield equipment, there are many myths that can steer buyers away from solid investments. Let’s clear the air:

• Myth 1: Used means unreliable Many used workover rigs have been well maintained and are fully capable of operating in demanding conditions. Reliability depends on care—not age.

• Myth 2: Hard to inspect before buying At Rigmax, inspections and full spec sheets are standard, making it easy to verify condition before purchase.

• Myth 3: Poor resale value Used service rigs and pulling rigs often hold their value better than new units, especially after initial depreciation.

Don’t let myths cost you time and money—explore our vetted equipment listings today.