Are you looking to invest your money into used machinery?
Then there are guidelines to follow before buying one. One of the reasons why
used machinery is better than buying a new one is the price. We can save a lot
of money and own the machine. But if we are not careful, we may end up buying a
defective one that will cost us more revenue than the process of your
operation.
Here’s the advice:
Evaluate the Price
Compare the brand new and the used price of the machine and
make sure to base it on your budget cost. Here’s an example, if a machine will
cost you 20% more than your budget and produces 20% more or even higher, you’ve
got yourself a great deal. Make sure to evaluate the extra cost of the
machinery and the productivity value.
Inspect the Machine
After evaluating the price, you are now ready to find the
suitable used machinery for your business. At times, sellers won’t sell you a
defective machine but it is also smart if we check the machine first before
buying it. If you are not familiar with the machine, make sure you have a
technician beside you to do the inspection. Make sure the machine is tested
first before the final purchase. Ask for videos and photos of the machine if
there’s any.
After inspecting the machine, make sure to ask if the manual
for the machine is still available. Ask for part, maintenance, electrical,
ladder and programming manuals. This will help you maintain your machinery.
Service records and Inspections
Remember to get these records if they are available. These
records will tell you on how well the machine is maintained and the potential
problems that may arise during the operation.
Buy from a Reputable Seller
Buying from a reputable seller is an advantage on your part.
If they are selling used machinery, expect that they are knowledgeable and will
give you all the information you need.
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