A Guide to Buying and Selling Used Engineering Equipment
If you are looking to buy or sell used engineering equipment, it is crucial that you keep some tips in mind to help you through the process. The following are tips for purchasing and selling used engineering equipment.
Before you purchase a used engineering equipment, it is important to do thorough research about it. You want to know the age of the equipment so that you can be sure that it will still serve you. If you are buying from a physical store, it is advisable that you inspect it in order to ensure that it is in good working condition. Ask the technician to test-run the equipment that you want to purchase before shipment.
Similarly, do some research on the company where you want to purchase your used engineering equipment. Before you buy your equipment, find out if they have changed their name in the past. This is crucial because some brokers use different names to take advantage of their clients. Also, it is a red flag if they keep changing their location since it shows that they are not well established. Finally, make sure that the company you are considering have a warehouse and are the actual sellers.
A good used equipment seller will furnish you with references that you can contact and hear about their experiences. This will help you make an informed decision on whether to purchase the used equipment from them.
Make sure that the company has a solid warranty program for their equipment. In addition, purchase your equipment from a company that has a return policy.
Before trying to sell the equipment, it’s important to clean it up. When it is not in a good condition, potential buyers may lose their interest on it. For online marketing, take professional photos and display them on your website.
Research about the used equipment that you want to sell. Research on its model, type, age, manufacturer and serial number.
Set a fair market price for your equipment taking into consideration its age and ware. Search for online ads, auctions, and trade magazines to get an idea of what similar equipment are selling for.
Handle the machinery with care when removing it from your plant. Otherwise, you may cause damage and this can reduce your sales cost as well as require more money to repair.
Lastly, ensure you have all the important documents for the sale at hand. These documents include manuals, warranties, and prints.