Posted By: Andy Kamashian | Posted On: May 19, 2023
Purchasing used machinery can be a cost-effective solution for businesses that manufacture and are looking to expand their capabilities or replace outdated equipment. However, it is crucial to approach this process with caution to ensure that the machinery meets your requirements and provides value for your investment. In this article, we will highlight the five essential tips you should never avoid to help you make informed decisions when buying used machinery.
Be open to Brand: Care More About Machinery Capability Than Brand
When considering used machinery, it is essential to prioritize the capabilities and features of the equipment over the brand name. While certain brands may have a reputation for quality, innovation, or reliability, it does not mean that other lesser-known brands cannot offer similar benefits for far less money. By being open to different brands, you can explore a broader range of options, increased capabilities and potentially find a hidden gem that suits your needs perfectly now and into the future.
Don't Set A Budget Until You Explore The Market
Before setting a budget for purchasing used machinery, it is crucial to thoroughly explore the market. Know what you are buying, what is available and what accessories like freight, tooling, installation, training, software etc. will cost. Researching and comparing prices will provide you with a realistic understanding of the current market value for similar machinery. By doing so, you can avoid overpaying or setting an unrealistic budget that might hinder your ability to find suitable equipment.
Understand The Available Options & Their Capabilities
To make an informed decision, it is essential to have a comprehensive understanding of the available options and their capabilities on equipment you are looking to purchase. Research the specific type of machinery you require, its different models, and the features that are crucial for your operations. Consider factors such as capacity, performance, efficiency, maintenance requirements, and compatibility with your existing setup. Also consider ease of use, ease of operator training and so much more. This knowledge will empower you to ask the right questions and select the most appropriate machinery for your needs.
Buy From A Trusted Dealer.
When purchasing used machinery, it is advisable to buy from a reputable and trusted dealer like Southern Fabricating Machinery Sales, Inc. Look for dealers who have a good track record of customer satisfaction, a wide selection of inventory, and a strong reputation in the industry. Adversely make sure you are dealing with an ethical dealer that has the financial standing to support you should something go awry & especially one this is a member of the Machinery Dealers National Association (MDNA.ORG) and are bound by their code of ethics. A reputable dealer will ensure that the machinery they sell has been thoroughly inspected, serviced, and is in good working condition or notify you exactly of the condition as they know it. They may also offer warranties or after-sales support, providing you with peace of mind and protection against potential issues.
Inspect the machine before you purchase.
Lastly, it should go without saying inspect your investment thoroughly. Physical examination of the equipment by you, your staff or an expert you hire allows you to identify any signs of wear and tear, damage, or potential mechanical issues. Pay close attention to critical components, such as electronics, hydraulics, belts, and control systems. Additionally, request documentation of the machine's service history, maintenance records, and any repairs or modifications that have been made. If possible, test the machinery in real-world conditions to ensure it performs as expected.
Buying used machinery can be a cost-effective solution for businesses, provided that you approach the process with care and diligence. By following the five tips discussed in this article, you can make smarter decisions when purchasing used machinery. Be open to different brands, thoroughly explore the market BEFORE you set a budget, gain a deep understanding of available options and what they can do for you, buy from a trusted dealer, and inspect the machinery before making a purchase. By doing so, you increase the likelihood of acquiring reliable equipment that meets your requirements and contributes to the success of your business.
You can read more of articles like this in our Blog section at Southern Fabricating Machinery Sales. We also have a bunch of helpful info like inspection reports, tips & tricks in our HELPFUL INFO section and of course our machinery buyer's guide linked below. When you need a quality used machine call the ones that help the most, SFMS.
