Are you contemplating selling your used process equipment to a dealer? If so, you need to think about how you can get the best possible value out of your machinery. You need to mull over a few essential aspects to get more value out of your equipment.
According to an article published on Forbes, in contrast to other industries, buyers and vendors of big machinery or equipment have made slow progress when it comes to deal crack. There are much complexity and money involved in such transactions. You can simply press a button and sell your expensive machinery at a throwaway price. Here are three useful tips to help you get the best price for your used equipment:
Clean your equipment
You need to clean the scrap and chips, exhaust the old, bad lubricants and coolants, spending much time with rags and cleaners to wipe your equipment super clean. You need to get rid of all greasy marks off the machinery or equipment. Make sure you have some glass cleaner and cleanse all parts of the equipment so that a prospective dealer can look at what they are buying for a price. The dealer cannot just press a button and spend a fortune on some equipment that looks unclean and poorly maintained.
In case, your equipment has undergone a little wear and tear, paint it. If you spend around $1,000 or $2,000 in quality paint, it will fetch a $6,000 or $10,000 higher price as well as a quick sale.
A used process equipment dealer will inspect the machine as well as the area it is installed, as that is proof of how well maintained the machinery was all this time.
Decide the right price of the machine
If you are, thinking to fix the value based on the pricing of platforms such as Craigslist, eBay, or similar ones, think again. These sites do not tell you one important aspect, the time the equipment has been for sale at that particular price.
Actual selling value and retail prices differ considerably and most sellers often overprice their equipment and therefore, fail to find a buyer at an exorbitant price. That does not mean you will price your equipment too low. Pricing depends on factors like the condition of the process equipment, maintenance, and functionality. Do not undervalue your used machinery, as you will end losing much money in the process.
That is why you need to do your research on pre-owned equipment pricing or discuss with a machine tool sales expert near you.
Associate with a professional, honest dealer
Do not try to sell your used equipment on your own; look for a professional and honest dealer instead. You need to look for a buyer who has knowledge and experience in the equipment you are going to sell. Professional dealers adhere to the highest ethical standards and give you a price that you deserve. An experienced dealer has the training. He has been part of trade shows and events related to the sale of machine tools.
Work with a knowledgeable buyer who will value your used machinery and give you the best return on your investment. Make an informed decision.