When businesses contemplate purchasing industrial equipment and machinery for their operations, they consider two options: buying new industrial equipment or used one. Most businesses opt to source new equipment under the impression that new equipment will be more efficient, easier to source and cheaper to maintain. Depending on your business needs, buying new equipment is not always the feasible or the best option.
Therefore, buy used industrial machinery that are regularly listed on the secondary market at cheaper rates. Regardless, buying used industrial machinery is still an intensive process. How buying industrial equipment that looks very new is advantageous for your business.
Lower Purchase Price – With few exceptions, purchasing used industrial equipment is less expensive than purchasing a new piece of equipment. Generally, the price differentiation between a piece of new industrial equipment and a comparable used alternative will range somewhere around 30 to 70 percent. The price differentiation is largely based on the quality and condition of the used equipment.
Minimal Lead Times – While purchasing new equipment from the machinery dealer, it isn’t unusual to face long or inconsistent lead times. This can be due to several reasons such as the dealer not having certain parts or materials on hand, shipping delays, and not deploying enough staff to maintain order deadlines. On the other hand, since used industrial equipment is readily available, possession of it is much quicker, which is otherwise not possible if new equipment is purchased.
From purchase to installation, the typical lead time on used industrial machinery is two to three weeks as against the new industrial equipment where the typical lead time can be up to 6 months in many situations.
Depreciation and Resale Value – For most industrial equipment and machinery, the depreciation is at its highest during the first 12 months following a sale. After an initial drop of 20 to 40 percent in value, the equipment or machinery’s price stabilizes. If the equipment or machinery is well-maintained, and properly taken care of, its value typically remains the same for at least five years. Due to the relative lack of depreciation on industrial equipment after the first year, used industrial equipment can be resold at, or near, the price it was purchased for on the secondary market.
Where You Can Buy Used Industrial Equipment – The Internet gives you access to a number of used industrial equipment suppliers, auction platforms and marketplaces. Used machinery dealers such as Fab-Ron provide you with best refurbished industrial equipment along with comprehensive warranty on all reconditioned systems and components.
Be assured, factory trained technicians of each brand will calibrate, test and certify all reconditioned parts used in the system. Your investment and warranty are protected because the replacement parts used in the reconditioned systems are genuine and company certified.
At Fab-Ron, we are the distributor of high quality durable automated packaging, finishing and used industrial equipment. We always strive to provide the very best in service and products to meet our customers growing demands.