5 Tips For Buying Used Equipment in Australia
Written by Phillip Gruppelaar
A lot of people don’t realise that used equipment can be a blessing for their business. In situations where money is an important factor, used equipment can save you significant amounts of it. However, there is still a kind of discontent and confusion uniquely present when purchasing used items. So, what can be done to ensure that the product you’re buying is what is expected? There aren’t many things that can be done, but Harley Finance has provided five tips for those looking to buy used equipment.
Inspect the Equipment in Person
This should be done without any second thought. When second-hand shopping, in-person inspects should be a given. Because
of this, before committing to purchasing any used goods, make it mandatory that you see the product yourself, and try to avoid using a broker. Sure, by enlisting the help of a broker you can obtain whatever material you’re looking for more quickly, but it’s often been noted that when the material reaches the end user it can change in quantity or size.
Know the Inventory
It’s vital that you know exactly what it is that you need. In industrial situations, the size can matter quite a bit. Just a few centimetres difference can add up to more money than you think. For example, assume you are seeking metal studs of a certain size. Instead of measuring the specific size, you just create a rough picture of them and go out seeking used studs.
However, when you actually try them, you realise that they don’t fit in the way they should and nothing can done to rectify the issue except buying an entirely new set. Get to know every detail of your equipment, and be sure the company or person you’re buying from guarantees the specific measurements.
Back Up Your Purchase
One mistake that people commonly make is only purchasing what they need, not thinking of the extra parts and equipment. For instance, if you purchase a taper, go ahead and buy some tape heads. Or, if you’re setting up a rack, ask yourself if you have post protectors and row spacers. Make a habit of stocking up on extra materials and components whatever you run across them.
Many reputable dealers actually stock extra items by default. Getting into this habit won’t just save you time and effort in the future, but it will also provide you with a small stock of spare accessories for unexpected repairs or replacements.
Refurbish or Used
The terms used and refurbished are often not differentiated between properly. Used equipment, while completely functional, has been previously used and then resold. Refurbished items, however, have been sent to and inspected by the manufacturer for resale.
So, if you’re looking for equipment that has more of a like-new appearance, your best bet is usually to seek out refurbished products. They will certainly be less expensive than buying new products, but the difference between the two will be negligible.
Make Use of Google
Before buying any product, do a bit of research first. Look up a manufacturer or dealer’s reviews and ratings. You can rest more easily purchasing from dealers who have a large amount of positive feedback, but a dealer with little or mostly negative feedback could be a large red flag.
Used equipment can offer up a lot of advantages, however, the important thing is locating equipment that is in the right condition. Our company offers great equipment loans and deals on used industrial equipments like machinery and trucks, so when you find yourself looking for used products or a machinery loan, just contact us. We’ll be happy to help you with any inquiry.