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. The following are tips for purchasing and selling used engineering equipment.
Firstly, do your homework and research about the used engineering equipment that you want to buy. 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. Be vigilant of companies that keep changing their names as they may be scams. Also, it is a red flag if they keep changing their location since it shows that they are not well established. They should have a warehouse for storing their equipment and they should be the actual sellers and not 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.
Review their warranty and ensure that the seller is willing to assist you when you have issues with the equipment. In addition, purchase your equipment from a company that has a return policy.
Before trying to sell the equipment, it’s important to clean it up. When it is not in a good condition, potential buyers may lose their interest on it. If you are looking to sell online, make sure that you take high-quality pictures of the used equipment.
Do some research on the equipment that you are selling so that you can be equipped with relevant information about it. Research on its model, type, age, manufacturer and serial number.
Establish a fair price for the used equipment you are looking to sell. You can ask for price suggestions for the equipment appraiser or by looking at market prices of similar used equipment.
Remember to handle the used engineering equipment with a lot of care. This is crucial because moving the equipment can danger some items which may be costly to repair.
Lastly, ensure you have all the important documents for the sale at hand. These documents include manuals, warranties, and prints.