When selling your machinery, it's crucial to accurately assess its value. There are several methods to do this, but always keep your ultimate goal in mind; making the sale. Relying on open retail platforms like Facebook Marketplace or eBay can lead to inaccurate valuations as, while you can see the asking prices, you can't determine the actual selling prices or how long the equipment has been listed at these prices for sale.

Other ways to determine your equipments value is to contact a reputable dealer of that type of equipment offering your equipment for sale to them directly or through them on a brokerage type basis. And while you may initially expect "a number" the reality is, there are multiple numbers available given the product market placement and, your selling situation. In fact, there are always three distinct asking prices for every machine tool, each tailored to different selling strategies and market conditions.

Current Retail Value

This represents the full value of the equipment, taking into account the perception of the product in the market and prevailing market conditions. It is the slowest option to sell, as it involves waiting for a buyer willing to pay the full 100% of the current market value. This option is ideal for sellers who are not in a hurry and can afford to wait for the right buyer who appreciates the equipment's worth and is willing to pay the full price.

Discounted Retail

This price point is set as the lowest asking price for the specific Year, Make, and Model of the machine, as well as similar machines available in the market. It is a quicker sale option, as it attracts buyers looking for a good deal, offering the equipment at 70-80% of its market value. This option is suitable for sellers who wish to sell their equipment faster than at the full retail price but are not in an immediate rush.

Wholesale Pricing

It is the quickest sale option, as it is priced significantly lower, at 30-50% of the market value. This is the most attractive pricing for dealers who are looking to purchase inventory and thereby entices dealers to buy for their inventory quickly and allows for them to cover expenses such as rigging, transportation, equipment repairs, marketing and sales commissions.. This option is best for sellers who need to sell their equipment urgently and are willing to accept a lower price for a faster transaction.

In summary the choices become very simple. If time is not a concern you would choose Retail Value asking prices. If time is of concern but not yet urgent, you would choose a discounted retail asking price. and if selling is urgent you would opt for wholesale pricing to get that machinery off your floor and out of the way.  In any of these options Southern Fabricating Machinery Sales are experts in helping properly value your equipment and even has Certified Equipment Appraisers on staff.

New Call-to-action