Used industrial equipment can be an economical and eco-friendly alternative for companies looking to reduce expenses. Opting for secondhand evaporator coils and condensers instead of brand new ones may help to lower greenhouse gas emissions, and vice versa.
Your used industrial equipment can be sold in several ways. A dealer or auction platform like eBay are potential outlets; or you might even find buyers through Facebook Marketplace or private groups.
Cost
Companies often end up with excess industrial equipment after having generated enough revenue to purchase new machines, outgrown production processes or changed focus – when this happens, selling off this equipment may be an effective means to disposing of it quickly and profitably.
However, when making decisions regarding what and when to sell equipment, it is crucial to carefully consider all associated costs – such as storage fees, maintenance expenses, transportation charges and operational costs over its lifecycle.
An effective marketing strategy is crucial when selling used equipment. Specialized items require more targeted approaches in order to reach potential buyers. Furthermore, it should be remembered that an item’s value declines over time due to wear-and-tear as well as factors like corrosion or mechanical failures.
Market Conditions
Even after Covid-19 has concluded, used industrial equipment sales remain strong. United Rentals’ global rental company reported strong sales of used equipment and expects this trend to continue throughout 2019.
Due to a shortage of new equipment, companies have turned increasingly towards used machinery for short-term projects. Contractors favor using mini excavators & backhoe loaders to perform ground leveling, fence building & land clearing in agriculture & forestry sectors.
Utilization of specialized equipment is fueling this market, as it helps reduce overall operating expenses while also offering flexibility in production/warehousing processes. Furthermore, stringent emission regulations have forced manufacturers to upgrade their machinery – leading them to need replacements that increase demand for used industrial equipment – further driving this growth rate in coming years.
Brand
Used industrial equipment can be an affordable way for businesses to expand. When purchasing used equipment, however, it is essential that due consideration be given to both its quality and whether it meets your requirements. Buying equipment that does not match up could end up costing more in the long run as you may incur unexpected repairs that further deteriorate its condition.
When buying used industrial equipment, it is crucial that you research its seller thoroughly – especially privately-owned equipment. Furthermore, it would be wise to review any maintenance records and safety reports available prior to making a decision.
No matter the piece or plant that you need to acquire, Facebook Marketplace and public Facebook groups offer numerous great deals that could save both time and money in your search for equipment. Be sure to utilize a search engine like google for quick searching purposes when looking for specific pieces of equipment.
Warranty
Warranty coverage is an invaluable addition to any piece of equipment, as it ensures its primary components – like engines, transmissions and hydraulic systems – won’t fail and cause operations to come crashing to an abrupt halt. When purchasing used industrial equipment, it’s vital that you understand all the terms of any warranties, including essential components with specific details such as v-belt sizes, if applicable, before you make your purchase decision.
OEM Backed Extended Warranties – Opting for an extended warranty solution underwritten and supported by an original equipment manufacturer is often the optimal option for end users, as this lowers costs while helping OEMs establish brand loyalty while using failure data to improve their products.
Many manufacturers provide limited warranties for their machines, such as full front-to-back coverage or specific hours operated. These warranties can often be transferred at sale time – important for buyers unfamiliar with an equipment’s service history who want the reassurance of an established and dependable warranty to make an informed decision when making their purchase.
