Is your company looking for a guide on selling used equipment?

When listing machinery for sale, it’s important to know the market. Many are lured by the idea of listing inventory for sale by owner. Machinery Resources regularly advises clients to understand what it takes to sell used equipment with a positive result.

Here are three top tips to follow when selling used equipment.

Selling Used Equipment

1. Avoid going it alone. When you add up the cost of storing equipment, insurance, marketing the machinery, negotiating a deal, facilitating inspections, and filtering out solicitations masking as legitimate offers, hiring a machinery dealer makes more sense. Use a company with a trusted reputation that will work to get you the best deal. It will save you time and resources in the long run.
2. Use a machinery dealer that guarantees a clear title. To be sure that your transaction goes through as negotiated, choose a company that securely handles financial transactions. Self-financing the sale of equipment is an unnecessary burden on businesses, particularly during a time when they are likely looking for capital to purchase new equipment. Also, a retailer like Machinery Resources that offers financing and lease options will attract more potential buyers.
3. Comparison shopping is your friend. Use a vendor that allows potential buyers to search, find and compare machines for sale. Your equipment will sell faster on a platform that showcases in an inventory rich environment. Machinery Resources offers a transparent online searchable database of used machinery inventory with specifications.

Have questions about selling your used equipment? Please contact Machinery Resources here.