If you have fabrication equipment that’s sitting around collecting dust, selling it to a fabrication equipment company is a great way to capture its latent value while freeing up more space in your facility. As long it has been well-maintained, used industrial equipment can still fetch a fair price on the used market. Below are some tips to help you maximize the value of your machine.
Clean or Refurbish Your Machinery
In our opinion, this is so obvious it shouldn’t need to be said. Whether you’re selling an item of clothing, a piece of furniture, a farm animal, or an electronic device, the principles are pretty much the same: Clean it up and make it look its very best before bringing it in front of a potential buyer. Unfortunately, you would be surprised at how many sellers bring in equipment that still has manufacturing debris and dust all over it. While we don’t mind the extra work, they are often harming their sales potential. A very simple, fast cleaning job could increase your offer price tenfold, so don’t neglect it!
Research Pricing and Industry Trends
Before walking into a fabrication equipment store, it’s a good idea to already have a good idea of what machines in your year and condition typically sell for. Knowing ahead of time the value of your equipment will help you avoid falling prey to a scam, and will also help you set realistic expectations. Remember that you are likely not the only seller in the area competing for a particular company’s dollar; the company, too, is looking for a fair price on which it can turn a profit. Long story short: don’t enter the sale negotiation without an understanding of what you have.
These days, most used industrial equipment is sold online to buyers who may be out of state or in another country. But there are many good reasons to sell your used machining parts to a local equipment dealer. Firstly, it will save you a lot of time and frustration trying to find an honest, vetted buyer. Listing your machine on Craigslist might be faster in the short-term, but many Craigslist buyers are not reputable, and you may ultimately struggle with countless no-shows, incomplete transactions, and scams. Selling locally allows you to meet the buyer face-to-face and assess whether it’s worth your time to do business with them. (Side note: selling locally also reduces carbon emissions, which helps the planet!)
Consult a Professional
If you are unsure of your machine’s value or anything else, you always have the option of contacting a professional who is familiar with the equipment. A machinery expert can help you determine if the machine requires any repairs, and what price you can expect with or without them. Professional equipment vendors are also more likely to know someone who needs a similar product, and may help it get sold faster—or simply be more willing to take it off your hands. If all you want to do is sell your used machinery, and you don’t want to get involved in all the processes and paperwork, you can contact a used machinery broker who will do everything for you.
Sell Your Used Fabrication Machinery at Active Machinery!
We hope that the strategies outlined above can help you sell your used machinery, free up your manufacturing space and put some money in your pocket. If you would like to sell a used press brake, used laser cutting machine, used hydroforming equipment, used shearing machine, or other type of Apex fabrication equipment, simply fill out our easy contact form, and someone from Active Machinery will get back to you as soon as possible.