As technology evolves, manufacturing methods improve, and older machinery needs to be removed from the manufacturing floor to make room for the newer equipment. So do you scrap those machines for around $145 per 2,000 lbs. or do you try and sell them online for a much higher price to someone that needs that machine for their production line?
The purchase and sale of used industrial equipment can be complicated, time consuming and draining, therefore, to streamline the process the team at Surplus Record has engineered a world-renowned platform specifically for the purchase and sale of used industrial equipment and machinery. The following article answers commonly asked questions for effectively selling used industrial equipment/machinery and will allow your business to continue operating at its best capacity during periods of transition.
What Should I do Before Selling Used Industrial Equipment?
It is likely that you are already investigating different methods in which you can sell your used equipment or machinery. Take note of the following tips and tricks to improve your experience on the whole.
What’s the Condition of the Machine?
Is the machine still working and is it under power? If it’s still under power make sure you take a video of the machine working and upload it to YouTube so you can show potential buyers the video of the machine working, in the event that you need to remove it from power. If it’s not working, and needs new parts, it will be more difficult to sell, but not impossible.
Machinery dealers with machinists on staff may be interested in your machine for a fixer upper or to resell themselves. It’s always wise to figure out the cost of the parts you need to buy in order to get the machine up and running. That information is helpful when negotiating a price with a buyer as well.
Keep on top of Maintenance
Even if you are ready to ship out your piece of gear to the sales yard, staying on top of maintenance throughout the entire sales process (until it leaves your front door) is vital. By continuing this practice you’re not only going to maintain/improve the value of your equipment but you’ll also guarantee a smooth sales process by eliminating potential complaints from interested buyers. A fresh coat of paint and a quick cleanup of the machine can make a huge difference when advertising your machine online.
Your Equipment/Machinery Analysis
Understanding the current value, demand and turnover rate of used equipment and machinery can be a daunting task. In some cases, sourcing accurate information and data regarding such topics can actually become very difficult. To relieve your business from such a task, a seller could utilize a platform like Surplus Record who has over 99 years of experience with the sale of second-hand equipment and machinery.
Surplus Record also offers one of the most complete online catalogs for used equipment and machinery available making it extremely easy for an eager seller to compare the prices of items, the current demand for a range of equipment/machinery and more.
Repair before Selling
If your business is capable or financially able to complete repairs on damaged equipment/machinery before selling, why not do it? Conducting repairs before sales, more often than not, will drastically increase the value of the product and improve the likelihood of completing the desired sale.
Who Buys Used Equipment?
No matter the importance of the business or individual, a potential buyer of used equipment or machinery could be coming from anywhere, especially right now when new machinery has lead times of half a year or more! Leaders of the used machinery industry such as Surplus Record, serve buyers on an international scale with very few limitations as to who can potentially make the purchase.
By utilizing such a platform, a seller can maximize the potential of completing a sale and do so with security and confidence. Everyday thousands of buyers flock to Surplus Record looking for used machinery to buy and the #1 most important thing to them, according to Surplus Record surveys, is if the machine is in stock and ready to be shipped. Time is of the essence for many of the buyers that utilize Surplus Record, and they typically need their machinery quick. Some examples of buyers on our website include:
- Construction, structural and road maintenance businesses
- Machine Shops
- Mom & Pop machinery shops
- Fortune 100 Manufacturing Plants
- Individual contractors
- Food Processing plants
- Private business owners
- Sales yard owners
- DIYers, hobbyists and more!
How can I Sell Used Machinery & Equipment?
With Surplus Record, dealers and sellers of industrial machinery and equipment can advertise their used products to suit personal needs and requirements. We offer various services including:
Listing Individual or Multiple Items
A seller can personally list their used machinery/equipment on Surplus Record in just a few minutes. To begin, start by hovering over the “Sell with Us” link found in the black navigation bar at the top of the Surplus Record website. Here you will find a “Sell Your Equipment” option. Click this link and you’ll be taken to a new page where you’ll find all the options available to you.
Note: Make sure you always have a photo of the machine model plate that you are advertising, and ensure you have a photo that shows the entire machine from standing about 5 feet away.
Auctions
If you’re an auctioneer, you can request more information about our auction options by visiting our contact page, selecting “Auctions” as your reason for contact, and providing us with your business information. Our knowledgeable customer service professionals will be more than happy to provide you with all the information you need.
Why Should I Sell Machinery & Equipment with Surplus Record?
- High Exposure: Your used machinery & equipment for sale will be viewable to over 100,000 active buyers every month.
- Zero Fees: When you sell something on Surplus Record, you pay $0 in commissions.
- Community: Actively be a part of North America’s largest community of used machinery & equipment dealers.
- Reliability: Sell your used inventory quickly on Surplus Record. We don’t hide any of your contact information behind a paywall, and end users can call you directly when looking at one of your listings.
- Exclusivity: Receive personal access to the SR private bulletin board where over 100+ General machinery leads are posted each day from people looking to buy industrial equipment, and want a seller to reach out to them if they have the equipment.
- Experience: With 100 years of practice, Surplus Record offers users some of the most professional used machinery and equipment knowledge to be found worldwide. We help you with your photos, listing title, description, etc. We can tell you the best way to market your machine to get you the most inquiries.
How do I Get Started with Selling?
If you have used equipment or machinery to sell, simply follow the easy step by step sales process in the “Sell Your Equipment” section of our platform. If you’re not sure if your machine is popular and would be a good candidate to scrap vs sell, you can always contact us for advice and we’ll point you in the right direction!
