When it comes to buying industrial machinery and equipment, factories and manufacturers must consider several factors before making a purchase. One of the most important decisions to make is whether to buy new or used machinery. In this article, we will explore some of the pros and cons of both options and help you decide which is the best choice for your specific needs.
Do You Save More with Used Machinery and Equipment?
One of the main factors to consider when buying industrial machinery is cost. On the surface, it may seem like used machinery is the more cost-effective option, as it is typically priced lower than new machinery (usually 30% – 70% lower depending on the demand of the equipment). However, there are a few factors to keep in mind.
Used Machinery Costs
It’s important to keep in mind that purchasing used machinery may come with hidden costs such as repairs, maintenance, and upgrades. Additionally, used machinery may not have the same level of energy efficiency as newer models, which can add to operational costs.
Do You Get Better Service with New Machinery? Are warranties affected by buying used?
When you buy new machinery, you are typically getting the latest technology, which often comes with better service, easier maintenance, and more up-to-date features. Used machinery is often sold “as is,” and the seller may not provide any warranties or guarantees. This is worth investigating—many sellers do provide warranties for used machinery. Additionally, used machinery may be harder to service, as replacement parts may be difficult to find. However, service techs service used machinery and new machinery exactly the same way.
Used Machinery Cost Savings
Used machinery is typically priced lower than new machinery, making it a more cost-effective option for those on a budget. Additionally, used machinery can also be found in good condition, running well with a low usage rate which can be very cost-effective. If you can find a trusted machinery or equipment dealer with a strong reputation of selling used machines that have been remanufactured or repaired to working condition, that is usually the best route you can take.
When you buy new machinery, it depreciates in value as soon as you take it off the pallet. On the other hand, used machinery has already depreciated, so you don’t have to worry about losing value.
Used machinery is usually available immediately, whereas new machinery may have to be ordered, which can take several weeks or even a year to arrive due to on-going supply chain issues around the world for certain raw materials. This can be beneficial for businesses that need equipment quickly to fulfill their production needs.
Do You Get Better Part Accuracy?
In terms of part accuracy, new machinery typically provides a higher level of precision and accuracy due to the use of the latest technology which is typically found on “CNC Equipment”. However, some used machinery, particularly those that are well-maintained and serviced, can still provide excellent accuracy.
Is New Machinery Safer than Used Machinery?
When it comes to safety, new machinery often has better safety features and controls than older equipment. However, it is important to keep in mind that most used machinery can still be made safe through proper maintenance and upgrades.
Does New Machinery Provide Better Performance?
Another aspect to consider is performance. New machines tend to have a better performance as it is built with latest technology and design. On the other hand, newer machines typically come with all sorts of electronic parts that are all subject to breaking and requiring expensive repairs and long down-times for that machine. If a used machine has been working like a charm since 1980, that’s already a testament to the fact that its stood the test of time and will likely keep running another 40 years if properly cared for.
Pros to Buying Used Industrial Equipment
There are several pros to buying used machinery over new machinery, including:
- Possibility of finding unique equipment: Used machinery market can also offer equipment or machinery that are not produced anymore. This can be a good opportunity for a business looking for a specific machinery that is not produced anymore.
- Experienced machines: Often times, used machinery has had years of operational use and the seller may be able to provide valuable insights about the performance of the machine, including the behavior of it under certain conditions, maintenance schedules, that can help to make an informed decision.
- Buying used machinery may allow a business to try out a new technology or application, without incurring the high cost of purchasing new equipment.
Buying New vs. Used Machinery: Final Thoughts
Buying new machinery and equipment provides several advantages over buying used equipment, such as a better service, improved part accuracy, better performance, and updated safety features. However, buying used equipment may offer cost savings, immediate availability, a chance to get unique equipment, knowledge of equipment performance and also a way to test new technology and application.
It’s essential to thoroughly evaluate your needs and budget before making a decision. Research is necessary before any purchase of industrial equipment.
Feel free to reach out to our team here at Surplus Record if you need help in shopping for a machine or equipment. Browse our new and used industrial equipment listings here: https://surplusrecord.com/shop-categories/.