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A Guide to Buying and Selling Used Engineering Equipment
With development of technology, selling and buying of used engineering equipment has been made easy, however, some things need to be put into consideration to ensure a successful transaction. The following are tips for purchasing and selling used engineering equipment.
Before making any buying decision, run a background search on the used engineering equipment. You want to know the age of the equipment so that you can be sure that it will still serve you. If you are buying from a physical store, it is advisable that you inspect it in order to ensure that it is in good working condition. 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. Inquire if the company has operated on different names in the past. Be vigilant of companies that keep changing their names as they may be scams. In addition, established companies are unlikely to keep changing their current location. They should have a warehouse for storing their equipment and they should be the actual sellers and not middlemen.
A good used equipment seller will furnish you with references that you can contact and hear about their experiences. Through their past experience you will decide if the seller is right for you.
Review their warranty and ensure that the seller is willing to assist you when you have issues with the equipment. Also, make sure that the dealer has a return policy in case the used equipment does not match your requirements.
First impression matters, therefore take some time to clean the used equipment before selling it. An equipment that is not in the best selling condition is unlikely to attract potential buyers as it shows that it is not well maintained. If you are selling online, consider taking quality photos of the equipment.
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.
Determine the right price to sell the equipment to the market. You can ask for price suggestions for the equipment appraiser or by looking at market prices of similar used equipment.
When removing the equipment from the plant; you need to handle it with 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. The equipment’s manual, warranties, and print should be well kept as they will help speed up the resale process.