“In the world of heavy machinery, a bargain can quickly turn into a costly disaster if you’re not careful”
Purchasing the wrong equipment can disrupt your operations, lead to unexpected expenses, and even damage your production line. To help you make informed decisions and avoid costly mistakes, we’ve compiled these five essential steps to consider when buying used equipment:
1. Look at the details
Thorough inspection is paramount when assessing the condition of the machine you’re considering. Pay close attention to visible signs of wear and tear, such as cracks or welds. Evaluate the condition of attachments, as these can be costly to replace.
If distance might be a bottleneck to inspect details, ask for a video call or an independent inspection. This way you can have a closer look and see any details that might have been left out in the original offer.
Another detail you should definitely pay attention to is that the banking details correspond with the seller’s when you receive a formal quote. Better safe than sorry!
2. Ask for an Independent Inspection Report
Always ask if there is an independent inspection report available. Inspection reports provide detailed insight into the machine’s current (in)visible condition. If not available arrange a report yourself! Please do note that reports created by the supplier might be biased. Companies like Mevas, can arrange independent inspection reports and have inspectors ready for you worldwide.
The best is, you not only get a full report, but they will also get you a mass of pictures and even hook up their computer to get a product and hour meter report.
An inspection report provides valuable insights into the machine’s current condition, both visible and hidden. A detailed report is always preferable. Remember, supplier-generated reports may be biased, so cross-check the report with the machine’s actual condition.
Thorough inspection is paramount when assessing the condition of the machine you’re considering. Pay close attention to visible signs of wear and tear, such as cracks or welds. Evaluate the condition of attachments, as these can be costly to replace.
3. Verify Working Hours
Compare the machine’s working hours displayed in images with the actual hours recorded on the machine itself. If there’s a discrepancy, request verification from the original manufacturer’s system. Tampering with working hours is a common practice, so vigilance is crucial.
At Findeq, we regularly come across machines that have been tampered with in terms of working hours. Since we are not able to verify the exact hours, ourselves it is always up to the buyer to identify whether or not there is any discrepancy. If we or you have identified a difference in hours, we will always address this on the website and price our machines accordingly.
4. Deal with Reputable Dealers or Marketplaces
Used heavy equipment is widely available, but purchasing from a reputable source is crucial, especially when physical inspection is impractical. Check on media like LinkedIn or established marketplaces or national dealers with verifiable credentials. Ask for references, read reviews, and ensure the banking details align with the seller’s information.
“Please note, not everyone has their Equipment listed on portals! Findeq never lists machines on any marketplace unless agreed by the Owner of the machine. Want to know more about our Company or the people behind Findeq? Just ask us for other Companies we worked with in the past or any other recommendations. We are in the business for over 25 years and can be trusted.”
Some of the top marketplaces we use:
5. Prioritize Quality over Price
Remember, you’re investing in a machine that should fulfill your specific needs. While price is important, don’t compromise on quality. Purchasing a higher-quality machine may cost more upfront, but it will likely save you money in the long run due to reduced maintenance costs and extended lifespan.
Do not forget to think about the Inspection report. Companies like Mevas, can arrange an inspection for you worldwide. The best is, you not only get a full report, but they will also get you a mass of pictures and even hook up their computer to get a product and hour meter report.
6. Build Trustful Relationships
A strong seller-buyer relationship is built on trust. Assess the seller’s willingness to address your concerns and provide transparency throughout the transaction process.
By following these six simple steps, you can navigate the used equipment market with confidence and make informed decisions that align with your business needs and goals. Remember, avoiding buyer’s remorse is always better than dealing with its costly consequences.
Findeq – We Find Equipment for you. Start using our network, we can do the searching and/ or selling for you! Let us arrange the sourcing, inspection, transport and shipping so you can continue with your job. We will keep you informed during the search and update you on any progress we make.
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See which machines we have listed online here.
6 Essential Steps to Avoid Buyer’s Remorse When Buying Used Equipment by Findeq BV
