Rebuilt, or reconstructed, used equipment or machine tools offered for sale by reputable dealers carry with them the guaranty of the rebuilder and are sold from a purely unbiased standpoint. Mechanically the piece of machinery is in far better condition than the average buyer imagines possible with second-hand used material. If the machine has passed through the shop of a reputable dealer it has received new bearings and new gears, all worn or broken parts have been replaced and finally the reassembled machine is subjected to an operating test. This latter is usually identical with the test the machine underwent at the original manufacturer. It is a proved machine when it is again placed on the market. It is backed by a record of useful service which has made it an economic factor in industry. The reconditioning of such a seasoned veteran gives it a new lease on life, equal to its first span of years.
With this, the April issue of SURPLUS RECORD, the words “Machinery and Equipment” have been dropped from the masthead. Such a change is not as radical as it may at first appear. The words “Machinery and Equipment” were used to designate the field of the publication. We realized that name as long as Surplus Machinery and Equipment Record was somewhat unhandy and confusing and we felt that a subhead which would give more clearly the scope of the publication would simplify the name in the minds of our readers. SURPLUS RECORD continues to be “Industry’s Market Place for Used, Rebuilt, Surplus New Equipment, Machinery and Materials.”
Where There is Service there is Value
As long as a machine tool or piece of construction equipment can be used economically it has value. The worth of a particular machine is determined by its usefulness to its owner, to the prospective buyer, and by its physical condition. If every machine could be used economically by its original purchaser until it was worn out, no used equipment market would exist. Everything would be relegated to the scrap heap after a given number of years of service. However, changes in business, either growth or loss, create varying production and operating conditions. It then becomes advisable revise production methods, thereby necessitating a change in machine tools or equipment. This produces a supply of, and a market for, good used machinery. For lowing out the law of supply and demand, the machine changes owners at a reasonable figure. Its value as a producing implement has not changed because of sale. It is still able to serve its new owner in the same degree that it formerly did its original purchaser. The value remains, not decreased by the sale, but rather enhanced because of years of service.