Used industrial equipment like evaporator coils can be an economical way to increase company productivity. They’re often less costly and yield faster returns on investment compared to new equipment.
EquipmentWatch’s data suggests a gradual return to greater price stability in the equipment market, with sales activity declining slightly in December but increasing again in January while prices at auctions and resales appear more stable than before.
Buying
Used equipment provides businesses with greater flexibility by allowing them to purchase machines on the lower part of their depreciation curve, meaning if it is well maintained it could potentially be sold back at near its initial value in future sales.
However, when purchasing used equipment it is essential to be mindful of its conditions. Preferably it should be inspected by someone familiar with industrial machinery to accurately assess its condition if any discrepancies between what the seller promises and an expert’s evaluation are found. In such a situation, it might be best to avoid making the purchase altogether.
Many sellers of surplus and unused machinery rely on online marketplaces to market their machines. B2b marketplaces can reach a broad array of prospective buyers while providing greater flexibility than traditional sales channels – for instance setting reserve prices and screening prospective buyers.
Selling
Companies often find themselves with equipment they no longer require for various reasons – this may be because the machine was damaged during an unexpected disaster, or no longer necessary for current projects, or simply has been sitting idle. Over time, industrial machinery depreciates significantly; selling it may be an effective option to generate some cash flow.
Selling used industrial equipment is an excellent way to reclaim latent value and help with asset recovery processes, while simultaneously cutting inventory carrying costs. There are various approaches available to you for selling off used equipment: whole sale or parts sales are two such avenues of selling off industrial assets.
Online auctions offer one of the best ways to sell used industrial equipment, exposing your goods to buyers around the globe and increasing exposure. However, it is crucial that you select a reputable auction house with significant experience.
Recycling
Reducing their footprint, most companies don’t prioritize disposing of surplus or used industrial equipment as a top priority. Due to their size and complexity, these machines can be challenging to transport or dispose of properly; typically ending up sitting idle in warehouses until ready for sale or scrapping; whilst taking up valuable storage space and impeding revenue-generating activities for businesses.
Recycling industrial equipment can not only generate revenue for your business, but it can also save it money on operational expenses. Recycled foundry sand, for instance, is considerably less costly than fresh material and can extend working seasons in cold climates. Furthermore, many states provide tax exemptions to companies that recycle materials and equipment.
Recycling helps ease strain on our planet’s resources by decreasing production of new raw materials, while simultaneously decreasing greenhouse gas emissions and other pollution sources from landfills. By recycling or repurposing industrial equipment, you can cut your environmental footprint while saving money and making our planet better!
Maintenance
Building and industrial equipment maintenance is an ongoing process designed to keep them functioning at peak condition for regular use. It encompasses functional checks, servicing, repairing, replacing parts or components as needed to prevent malfunctions; cleaning, lubrication and adjustment services; plus production disruption reduction by prolonging machine and equipment life spans.
Unexpected breakdowns can be devastating to a business, both financially and in terms of lost productivity. Regular maintenance practices are essential in safeguarding against these unexpected problems and ensure your operations run efficiently.
New equipment requires time and training for your crews to become familiar with, leading to additional costs. Instead, purchasing used equipment that performs just as effectively could save both money and hassle by cutting taxes and sales tax payments, as well as giving your more choices of makes and models to choose from.
