Companies are focusing more on purchase of used equipment and machinery, as purchasing a new one would mean increased labor cost and capital investmen
Companies are focusing more on purchase of used equipment and machinery, as purchasing a new one would mean increased labor cost and capital investment. Data revealed by Used Machinery Expo (UMEX), revealed that the share of used machinery in the machine tools industry sector is 40% – 45% in India.
It is easy to locate dealers who offer used machinery and equipment for sale via various platforms. A used machinery and industrial equipment is easily available compared to a new one as it is in the dealer’s stock already. There are various dealer listings website that gives a complete list of vendors who provide used equipment and machinery for construction.
Why you should consider buying a used machinery and industrial equipment?
- Cash or Liquidity Crunch
If you are a new entrant in the market and you don’t want to invest heavily in buying a capital intensive technology, than this is a great option. Selecting an appropriate dealer who sells used machinery and equipment is easy with the help of Machinery Dealers National Association (MDNA).
- Higher rate of investment
Return on investment (ROI) is much greater with used machinery, and sometimes you earn profit over the initial price you paid. The depreciation cost of a new machinery and equipment is sometimes as much as 20-40% in the first 12 months, which is much higher compared to the used machinery.
- Faster Delivery
Let’s say, you have a production deadline and buying a new equipment and machinery will take longer times, thus impacting the output. In such cases, used machine equipment for sale comes as a blessing in disguise. The used machinery equipment sellers in most cases also purchase various inventory management software such as Capterra for speeding up the process.
Where to Buy Used Industrial Equipment?
- Used Machinery Dealers
Dealers are still a great option for businesses looking for a simple way to purchase industrial equipment at a great price. One can easily find dealers from websites such as Machine Tools, Trade India etc.
- Industrial Auctions
Buying used equipment and machinery at an industrial auction offers many benefits to enterprises that are looking to expand their machinery inventory. Major two primary benefits being price and convenience. Some of the well known Industrial Auctions held across the world include Industrial Discount, Biditup, Surplex etc.
- Online Marketplaces
The prevalence of online purchasing behavior has led companies to buy used equipment and machines through a reputed website such as Aucto.
What to consider while selecting a Used Industrial Equipment seller?
- Online reviews
Conduct a thorough research on the seller. Look at their online ratings and reviews. Ask questions on various forums such as Quora regarding their credibility; connect with other buyers to know their reputation.
- Usability and condition of the used machinery
Once you’ve found what you’re looking for, make sure that the equipment is in a proper condition and works properly. If possible, have an actual operator examine the equipment. Check for service and maintenance records such as the last time equipment or machinery has been painted, repaired or even just cleaned; these can indicate the level of care the equipment received by its past owner.
- Additional Costs
Look for additional costs related to shipping, Maintenance and Repair, buyer’s premium etc.
Pro Tip: Do not buy a used machinery and equipment, if it’s too old as the technology might have become obsolete and your maintenance costs may increase.
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