22 May

3 Things to Research When Choosing a Machine Retailer

If you’re looking for machine retailer, it’s important to do your research. Clients who fail to do their homework may end up buying a machine that never shows up. (It’s happened before.)

So how do you avoid this fiasco and find a company that will deliver the product they sell?

Here are three things to research before you choose a machine retailer.

1. Market Knowledge

Professionals in the industrial resale business should be able to answer your questions about the market. They should have extensive knowledge about machinery assessments, pricing, availability, delivery, and quality. They should offer valuation services and auction liquidation services.

Work with a machine retailer who can answer your questions and educate you on the process. If you are purchasing or selling pre-owned equipment without the assistance of a company that understands the global market, you will more than likely end up losing valuable time, resources and money.

2. Customer Reach

Reselling machinery requires finding a buyer who is seeking out your exact product. It can be a little bit like finding a needle in a haystack unless you choose a retailer with a massive reach.

Companies that are known for having hard to find machinery and searchable inventory have a loyal customer base. They draw clients shopping for equipment from around the world. Be sure to research a resale company’s customer reach before signing on the dotted line.

3. Reputation

While market knowledge and customer reach are necessary, reputation tops the list of things to research. Before you jump into a financial relationship with machine retailer, ask for references.

Trust is imperative in a transaction where the reselling of equipment is based solely on the fair representation of the product. In today’s online world, it’s relatively easy to research a company’s reputation and do some background checking.

Have questions about selling your used equipment? Contact Machinery Resources.