Whether you’re an established manufacturer or a local start-up machine shop, when you’re looking to purchase machinery, you typically consider two options: buying new or used.
Likewise, buying used machinery has its advantages too. Today’s original equipment manufacturers (OEMs) are designing products that have longer life expectancy, giving these machines many years of efficiency and usefulness.
Buyers are now becoming more accepting of purchasing used machinery and equipment from the secondary market. In order to confidently and comfortably navigate the secondary market of used machinery, Tim Cromwell, Manager of Sales and Acquisitions for A&A Machinery Sales, Inc. has some tips and things to consider before purchasing your next machine.
Advantages of Buying Used Machinery
If you need the piece of machinery you’re investing in sooner than the OEM can provide, you should consider sourcing from the secondary market. Trusted sources and machinery dealers such as A&A Machinery Sales may have the identical machinery you’re looking for in stock.
Sourcing identical used machinery from a trusted source rather than purchasing a new machine can be beneficial. There would be no need to learn any new operating and maintenance processes or stock up on different accessories and spare parts that you already possess.
Buying new simply because the machine never had a previous owner doesn’t mean you should. Buying new machinery tends to be a huge investment that could take away budget that could be distributed towards other machine purchases or investments.
Used machinery can always be found available at bargain prices from trusted sources. Used machines will practically pay for themselves much quicker and create larger profit margins for your business.
Where to Buy Used Machinery
Registered participants in an auction are given the opportunity to bid and buy used machinery at less than retail value.
Inspect the Condition
It is highly recommended you become knowledgeable on the piece of machinery you’re looking to invest in and when possible, have an inspection conducted. Most used industrial machinery from auctions follows the principle of what you see is what you get, or ‘as is where is’.
Conduct a visual inspection of the machine yourself. From your research, you may have a few things you want to look for during your inspection.
If you can’t inspect the machinery yourself, there are local independent inspection specialists that you can hire to do the inspection. Make sure to account for inspection charges in your budget if you decide to hire an inspection specialist.
Disassembly, Transportation, & Reassembly
This is a major factor that gets lost in the process but has a major financial consideration. When investing in used machinery and equipment, be sure to factor in any potential moving and relocation costs. For example; a process line or a large press, a major consideration is who will disassemble and reassemble them.
Think about your current facility’s floor plan. Can your current plant or facility layout support the incoming machinery? Will existing machinery need to be relocated to another area or building to accommodate the new addition(s)?
If you’re planning on using a transportation contractor, be sure they’re reputable and experienced moving large and valuable assets such as the industrial machinery you’ve just invested in.
When you purchase used machinery and equipment from a trusted source like A&A Machinery Sales, you get the benefit of working with their sister company A&A Machinery Moving, who is an experienced rigging and machine moving contractor. The entire A&A Machinery team has the ability and expertise to provide exceptional turn-key and end-to-end service. From the moment you purchase your used machinery and equipment, to the moment it is delivered and installed at your facility, you’re provided the A&A Difference.
In order to confidently navigate the secondary market of used machinery, follow Tim Cromwell’s tips and things to consider above. If you have further questions or want to inquire more about our services, contact us at A&A Machinery Sales or A&A Machinery Moving.
Published July 15, 2019