By Mashum Mollah
Businesses can take advantage of the many benefits provided by buying used equipment. While new equipment is more expensive, businesses may find quality used equipment for a bargain price. Now’s the perfect time to purchase second-hand equipment if you’re a small business owner or an entrepreneur who needs a few pieces. Used stuff can save your company money while making it easier for you to operate.
To prove that used business equipment is worth it, listed below are some of the reasons why you should do it:
1. Cost-Effective
Used business equipment, whether they’re tools, office equipment such as computers, printers, faxes, or photocopiers, or heavy-duty machinery, will always be offered at a lower price when sold. The cost of shipping and VAT are also lower. Not to mention that buying a piece of new equipment can also impact your business’s cash flow significantly.
Buying new equipment is an investment that can have a significant impact on your company’s budget. But if you opt for quality used business equipment, you can purchase it at a much lower cost. You can possibly save thousands when you opt to purchase used equipment instead of buying newer models.
It’s true that it can be very exciting to buy something new and shiny, but after a couple of days of having to use it consistently, it’ll eventually acquire dirt and dents, causing that feeling to quickly fade, which is usually the case when you buy brand-new heavy-duty machinery or pharmaceutical reactors.
New computer systems, printers, and faxes are very expensive. However, if you buy used materials, you may still be able to get what you need at a price that’s lower than what you’d pay for brand-new equipment.
The fact is, buying used business equipment can save you from 25 percent and up off its original price while still having the same efficiency, productivity, and technology you get from their brand-new counterpart. Also, its functionality over time proves that it’s made of durable materials.
2. Get Your Equipment Right When You Need It
Buying new models can lead to placing an order and waiting for it to be delivered to you, which can take days or weeks. Although there’s an advantage to having new equipment that has just rolled off the assembly line delivered to your doorstep, you’ll have no choice but to wait for it because of lag time.
On the other hand, used models are immediately available. They’re in stock and are ready to be delivered by the dealer directly to your doorstep. Once all arrangements have been made to purchase used equipment, you can choose to have it delivered to your office, facility, or job site, so you can start using it right away.
Most used business equipment nowadays is posted on online marketplaces, which gives buyers easy access to the available inventory anytime they want. You simply visit the dealer’s website or social media page and click on the used models you’re looking to buy. This is very convenient for buyers as they get to see a preview of the equipment before they visit the dealer’s shop.
The dealer should be able to provide you with basic information about each of the used equipment in their inventory such as the name of the manufacturer, the year it’s manufactured, hours of use, model or serial number, and the asking price.
You should also ask the dealer where the equipment was used previously or who its previous owner was. This will give you some idea about the previous type of conditions the equipment was exposed to. You’ll want to know if the equipment was well-maintained and was stored properly by its previous owner.
3. Eco-Friendly Option
You may not realize this, but where does all business equipment go when they die? Most of them go to a landfill. Sure, some of its parts can be recycled, but most of the time, these things go directly to landfills where they’re no longer useful. Used equipment, if not sold, can also end up there.
If you’re looking for an eco-friendly option, you should consider buying used business equipment as it helps conserve the environment. By purchasing used equipment, you’re doing your part in preserving nature by preventing used equipment and parts end up in landfills. Giving a new life to old business equipment also reduces the need for new models to be produced, saving valuable natural resources.
4. It’ll Be New To You
Buying used business equipment is also like buying a second-hand car. Just because it’s no longer new doesn’t mean it’s not in great shape anymore. It just means the previous owner is looking to upgrade to a newer model.
This provides a great opportunity for you to own or lease gently used business equipment that’s still in good working condition. Just be sure to research your options and find equipment that’s gone through an extensive refurbishing process to ensure it’s in good working condition. Opting for your used models is a good way of upgrading your business equipment without spending too much.
5. Faster ROI
Used business equipment provides a faster return on investment than new models because of the shorter lead times and reduced delivery costs. If you opt for a used model, you can immediately implement it in your business operations as soon as it arrives. On the other hand, the new equipment has longer lead times, which can take days, weeks, or even months before it arrives, not to mention the higher delivery costs.
Final Thoughts
Buying used business equipment, especially from a reputable seller, can save a business a lot of money, making it extremely worth it. The price is usually much less than what it’d cost to purchase brand new equipment. A quality used equipment can offer all the performance of a new piece at a fraction of the cost, making them an extremely worthy business asset. Just make sure the piece you’re looking to buy has passed your inspections, so you won’t have any regrets about it later on. Consider the ideas mentioned here as you look for the best deals.
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