There comes a time in every pump’s life when it needs a little TLC.
When that moment arrives, you need to decide if you should repair or replace your pump. While the decision can be difficult, we’ve created a short list of questions to ask yourself to help you make the right choice.
What is the age of your current pump?
Pumps are designed to last between 15-20 years. If your pump is outside this window, it’s probably time for an upgrade—especially if you’ve been experiencing frequent breakdowns.
Does your pump still meet all of your needs?
If you’ve grown or changed as a company since purchasing your pump, it may not be up to the task anymore. It may be too small for your new needs and require frequent repairs. If this sounds like the situation you’re in, consider replacing that old pump with one that will meet your current and future needs.
Do repair costs add up to more than 20% of the cost of a new pump?
The cost of repairing an old part can add up quickly, especially if you have to make multiple repairs every year or two. You may find that it makes more sense financially to replace.
If you do decide to repair your existing pump instead of replacing it now, consider investing in a service contract with a trusted pump technician. This can save you money on emergency repairs by identifying problem areas early and preventing small problems from escalating into larger ones that cause downtime and lost production. A service contract also provides routine preventive maintenance that can extend the life of your pump equipment by several years.