Industrial equipment is an extremely valuable asset to have on hand. One of the biggest mistakes companies make is throwing old industrial equipment away. That said, industrial equipment can be borrowed against, traded or sold and turned into a substantial amount of money. Here’s what you need to know about unloading your used industrial equipment after it’s no longer needed.
When you have old industrial equipment on your hands, you have several options available to you. Should you just pitch it and be done with it? Do you recycle it or repurpose it somehow? Or do you sell it, and if you do, what’s the best way to do it? These are all important questions to ask yourself when deciding what to do with old manufacturing equipment.
There are essentially 6 major options to choose from when determining what to do with your old manufacturing equipment.
Countless businesses end up with used industrial equipment on their hands at one point or another. For example, you may have generated enough revenue to purchase brand new industrial equipment and find yourself with some obsolete equipment lying around. In another scenario, you might have outgrown a certain production process entirely or changed the focus of your business to services and have no further need for your remaining industrial equipment.
Whichever scenario you find yourself in, selling used machines is always a smart idea.
Start by getting good clean clear pictures of the equipment along with as many technical specifications you can find. Gather any maintenance and service history, operating hours etc and send them to a used machinery specialist. You can easily find us by simply searching for the machine you are considering selling and a myriad of dealers will appear. Choose the dealer that's best at your type of equipment and not necessarily the one that is closest to you. The dealer will take it from there, buying and selling your machine quickly for top dollar.
If you decide to go it alone and sell it yourself you will need to know values and how to leverage it. When you’re going to sell used machinery you will need to have a thorough understanding of what that machinery does, how it works, important factors of operation and it’s maintenance history so that you can answer questions when speaking with potential buyers.
To sell used machinery effectively, you should get it cleaned up and make it look as fresh and new as possible. With old machinery, this can be challenging, but the effort is always MORE than worth it.
Again, try to collect as much documentation on the specifications of your old machinery as you can. Another way to give yourself the best chance of fetching a fair price when selling used machines is to take a video of the equipment in action so that buyers can see what the equipment is capable of.
If you’re looking for the best deal when selling used machines and want to work with a dealer that you can trust, look no further than Southern Fabricating Machinery Sales. We have Certified Equipment Appraisers on Staff and know machinery and machine values. We’re a trusted leader for a reason, we take care of the people we work with and strive to get them the highest return in the least amount of time. We also have published a great sellers guide available to you below to help you get the most out of your used machinery.
Connect with Southern Fabricating today and let us help you find money for your old machinery.