Monday 21 January 2019

Disposing versus Selling Used Metalworking Equipment

As production requirements evolve and manufacturing methods change, many individuals and companies find themselves with equipment that you may no longer need or that does not fit their current manufacturing needs. Letting unused equipment sit idle takes up floor space and leaves money tied up in useless capital.

Cost savings associated with buying used metalworking equipment compared to new can be major, although the savings depend on the purchasing method you choose. Buyers can find used equipment through private transactions made directly with the sellers, from used equipment dealers, and through online industrial auctions.

In an auction that is managed by a dealer or an exchange, equipment comes from various sources, who aren’t always credible because information regarding equipment is limited and thus, there is greater risk.


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