Buying Used Machinery

Old, not Obsolete: A Guide to Buying Second–Hand Equipment

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Assessing Equipment Availability and Future Support

One of the major benefits of purchasing equipment from its previous users is that the equipment is available on an immediate basis; this is not always guaranteed when ordering a new system. It is also important to consider ‘long-term support’ for the machine.

One should check if the warranty of the equipment is transferrable. If not, buyers should approach the original manufacturer and/or after-market service companies to assess how easy it will be for them to get the equipment serviced. Buyers can also make use of the exact model destination, year of manufacture and serial number to check the availability of the equipment’s spare parts.

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Know your Source

The most important factor to consider is the creditability of the source. Equipment is generally sold in its current ‘as seen’ condition, with no refunds; therefore, buyers should check the reputation of the supplier in the market.

Often, experts are involved in the entire purchasing process as they are able to provide specialized advice regarding an equipment’s suitability as well as their specific requirements. Lastly, reading the small print in the contract is a crucial part of the purchasing process, for example, the supplier could take a percentage of the sale from the buyer once the deal is complete.

On a concluding note, equipment buyers should follow the guidelines outlined in this article. They should safely navigate through the purchase process while buying second-user equipment and also realise the clear benefits of this approach to their business.

* The author is Managing Director at Equip Net India

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