Most businesses prefer to buy brand new equipment if their old one fails or if they are first starting. While this is of course a good idea, buying used equipment might be an even better one because the chances are high you are going to find barely used pieces of equipment for half the money. Here are some useful tips to remember when buying used equipment for your business.
It’s Probably in Good Shape
When someone’s buying any kind of equipment, the common opinion that used items are outdated and overused. While this may be true in some rare instances, business equipment is generally in good shape and can be continued to be used for quite some time. Buying pre-owned equipment has more benefits mainly when it comes down to reliability. The equipment has been previously used and tested by the people who are selling it. This can save you from having to read thousands of reviews online about each specific piece of equipment that you’re buying.
However, it’s still advised that you try and do at least a little bit of research before purchasing any kind of equipment especially the safety instructions manual, be it used or brand new. In some instances, there might be just minor damages, or the user equipment might need mild improvements such as installing newer software versions which can help you save up tremendously.
Ask for Warranties
One key aspect that you should insist on getting alongside your newly bought equipment is the warranties. If your seller offers you warranties when you purchase a machine from them, it’s a good sign they are reliable and that the machines will last you a long time. It will also give you a hint that they are confident about the product that they are selling and are willing to help you with any kind of issues if some should occur down the line.
This kind of safety net will make a huge difference to your decision from who you decide to purchase equipment. While this is very important to remember when you’re buying equipment for your business on your own, there might be an even better option which can guarantee all the equipment you get offered has warranties and is from reliable dealers.
Used Equipment Dealers
There are several pre-owned equipment dealers which offer a wide array of different pieces of equipment. This is why it is best advised that you do a thorough background check on the dealers to see whether their business is legit, as well as the machine itself, a matter which we’ve previously discussed. Furthermore, you can ask people in the same business around you for a recommendation to be extra sure and to save you from endless checks and review searches.
While this is a good option, there is an even better one. To simplify the process of buying, look for a specific marketplace, for example, a forklift marketplace, which can match you with equipment dealers in your area based on what you’re looking for. The best thing about these kinds of marketplaces is that you don’t have to invest your time in looking for used equipment, but the dealers will compete to sell to your business.
It Can Save You a Lot of Money
Buying used equipment instead of getting it brand new can save you plenty of money. Pre-owned equipment is generally speaking from 20% to 50% the price of the original piece of equipment. This is highly beneficial especially if you’re buying equipment for your business which requires a lot of different tools, and these percent can play right into your hand savings-wise. If you are not sure how much specific pieces of equipment cost, do some online research to double-check the value that they are offering you used equipment for, and the original price so you don’t end up getting scammed.
Furthermore, you might be getting the best price if you choose to buy used equipment because “used” usually means that someone has owned it previously, not that it has been necessarily used. In other words, you might end up buying an unused piece of equipment for half of the price in the best-case scenario.
As it’s probably clear by now, buying pre-owned equipment over a brand new one has many benefits which are mostly based on the price. They might be in very good condition without you being aware because the term used refers to being previously owned so you will probably end up getting a great deal. Find a special marketplace for the piece of equipment that you’re after for your business so you get the most reliable one and make the search process much shorter.