When in need of purchasing equipment, budget and time constraints have to be taken into consideration. However, two main factors come into place: whether to buy new or used equipment. Purchasing new equipment can often be expensive and also time-consuming as you would require the machine to be built. Buying used equipment has some advantages, key among them being that it is cost-effective, can decrease downtime and it is also available immediately. We take this into consideration, here at FAMaker.
In order to have the confidence of value for money when buying used equipment, you need to take certain factors into consideration.
The first step involved is finding a seller who is ethical and honest. It is important to do some research on the person you are going to transact with. This can be done by:
- Looking at the company records to find out the duration in which the company has been in business. It is also advisable to check their financial records to verify whether the company is headed for a downfall. This could be a red flag.
- You should check out reviews about the company by their customers. Check for information about the buyers’ experience in dealing with the company as well as the quality of the equipment.
- Find out how the company deals with arising problems.
2.How old is the equipment?
It is wise to check how long the equipment has been in operation and compare it with its lifespan. It wouldn’t make financial sense purchasing an equipment nearing the end of its lifespan. Operating hours should also be taken into consideration since a machine having more operating hours will require more repairs.
3.Signs of wear and tear
Since you are dealing with used equipment, signs of wear and tear are expected. Presence of cracks and rust indicate that the machine has been damaged at some point in the past and this can be a serious problem in the future.
4.What maintenance records show
One should check the maintenance records to ensure the machine has been properly maintained, check some abnormality in the number of problems and also be keen on modifications made on the equipment.
5.What is included?
Process machine normally come in parts that are assembled into a holistic system. Ensure that all equipment required are present or make an arrangement with the seller to purchase the pieces of equipment separately.
6.Is the title clear?
The buyer should check whether the seller actually owns the equipment. If the ownership is partial or has not been paid in full, the ownership cannot be transferred to the buyer. The balance has to be paid in order for the transfer of ownership to take place.
7.Do a test run of the equipment
A buyer should check and observe the machinery in operation in order to know what they are investing in. A reliable seller should have operators on site, to operate the machinery and ensure that it is properly working.
Buying used equipment can be a daunting task that can be made easier by purchasing the machinery from a reliable seller, such as FAMaker, that guarantees quality and reliability.