Are you planning to buy used industrial equipment but are not sure where to start? Well, you should know that it’s not an easy task, especially if you don’t have any information about the machinery you are planning to buy. Here is a list of 4 tips that should help you when it comes to finding used surplus equipment.
Check The Equipment’s History
When buying used industrial machinery, the first step is checking the history of the equipment. Also, make sure that the equipment is not stolen and doesn’t have liens on it. Check the equipment’s title and remember that the ownership can be easily transferred if it is not fully paid. Make sure the necessary documents to prove lien is in place before purchasing used industrial equipment.
When you are checking whether or not there are liens on used industrial equipment, make sure you reach out to the bank. They should be able to help you identify the best organization to support you in identifying the liens in place. Make sure you purchase from a trusted seller to avoid getting stolen equipment. Even better, you can write down the serial number and PIN of the used equipment then contact the police department to find out more information before buying it.
Check For Signs Of Wear And Tear
Any used industrial equipment will have signs of wear and tear. Of course, you need to make sure that the damage is not substantial. Check if there is any damage, rust or hairline cracks that might result in major equipment breakdowns after further use.
If you need to repair the wear and tear on used industrial equipment, it will end up being too costly. On the other hand, you will experience a lot of downtimes or might end up discarding the machine completely. As such, the entire acquisition will be deemed useless.
Check The Operating Periods/Hours
How long was the equipment in use before the seller decided to sell it? Well, once you identify this period, it will become an important factor that determines the overall usefulness of the machine. The age and maintenance history of the equipment will determine the operating hours of the equipment.
Note that, having such equipment for a longer period and using it for shorter periods will end up being costly for you. As such, some people might choose to sell their used industrial equipment because they want to avoid these costly expenses. Of course, proper maintenance and little use mean a huge advantage for you.
Check The Seller’s Reputation
When buying used equipment, you should check the seller’s reputation and information. Inspecting the individual or company selling the equipment is important because you should be able to understand the nature of the transaction.
Make sure they are reliable and have testimonials to prove their reputability. If you are having a hard time finding any information about the seller, you should do your research. Try visiting them in person and ask for a list of references too. That way, you should be able to ascertain whether or not they are the best sellers for your needs.