A Guide to Buying and Selling Used Engineering Equipment
Purchasing used engineering equipment is a good way to expand your business while selling used engineering equipment is a good way to earn some quick cash. Here is a guideline for purchasing and selling used engineering equipment.
Before you purchase a used engineering equipment, it is important to do thorough research about it. For instance, inquire about the age of the product and make sure that it is not very old to serve its purpose. Carefully examine the used equipment for signs of wear and tear. Also, it is advisable to test-run the equipment before shipment in order to find out if it is in good working condition.
Research about the used equipment company and ensure that they are reputable and trustworthy. Find out how long the company has been in operation and inquire if they have changed their business name before like you can do a research on the AGS surveying materials. This will help you weed out companies that want to take advantage of you in different names. Also, it is a red flag if they keep changing their location since it shows that they are not well established. Besides, you want to work with a company that has its own warehouse and stocks its equipment as this indicates that they are the main sellers and you won’t have to deal with middlemen.
Request for references and their contact information to help you make an informed decision. This will help you make an informed decision on whether to purchase the used equipment from them.
Make sure you find a dealer that provides you with an appropriate warranty in case the equipment gets destroyed. Besides, it is a good sign if they have a return policy for their products.
The first selling tip is to ensure that you clean your equipment because first impression matters. A clean equipment is an indication of how well it has been maintained. For online marketing, take professional photos and display them on your website.
Before you put the equipment out for sale, do your homework in order to identify yourself with the product. For instance, know the type of the product, the manufacturer, model, age, serial number and the service history.
Establish a fair price for the used equipment you are looking to sell. You can consult with an appraiser or do some research on trade magazines, and auctions of similar products in order to determine the right selling price.
Remember to handle the used engineering equipment with a lot of care. Otherwise, you may cause damage and this can reduce your sales cost as well as require more money to repair.
The final and most important tip for selling your used engineering equipment is to have all relevant documents at hand. The equipment’s manual, warranties, and print should be well kept as they will help speed up the resale process.