Valuating Your Used Equipment To Afford The New at FABTECH

By Curt Doherty, CEO at CNC Machines on on August 26, 2019

With the introduction of cutting-edge technologies and emerging trends in the manufacturing and fabrication industry, FABTECH provides industry professionals with instant access to the technology, information and equipment needed to transform the business into a success. It provides an opportunity for manufacturers to improve the business. A variety of new and innovative technological equipment is displayed for manufacturing businesses to buy. Small and large businesses attending the expo may consider purchasing the equipment to benefit their operations. However, buying new equipment is not always easy. Affording new machinery can be a strain on your budget, particularly if you are looking to get some add-ons that can make the projects simpler. One of the easiest ways to make sure you can afford buying equipment is to evaluate your used machines correctly to maximize the return. In this article, we talk about the effective ways to valuate your used equipment and strategies to maximize profit on the used machinery so that you can afford new tech at FABTECH.

Pricing Your Used Equipment

Manufacturing equipment is something that not only has a current value associated with it but also contributes to creating further value. At the time of sale of the used equipment, there are numerous factors to consider to be able to finalize the price of the equipment. To sell used machinery for the best price, proper valuation techniques should be employed. Most businesses use traditional methods like calling used machine dealers and going through listings like eBay. These methods have their own pros and cons. They might not get you the best possible price for your valuable equipment. Consider trying our CNC Price Guide Tool available for free to help you get the best price for your used machinery. This all-new pricing tool can get valuations for any of your used machines in just three simple steps. It is as simple as pricing out a used car online. Our tool can help you determine the value of your manufacturing equipment easily, quickly and totally free of cost. Our Price Guide tool is the most effective way to evaluate your used machinery because we have a complete database that calculates the price on the basis of the price you paid, model and year. You can enter the details of all of your used machining, fabrication or other equipment and instantly get the best selling price to help you afford new tech at the expo.

Cleaning Your CNC Machine

One of the most important factors that decide the value of your used machinery is its efficiency. When the machines are clean, they are more efficient and safe to operate. As equipment host different types of particles, residues and other materials, it is important that they are cleaned on a regular basis for efficiency and safety. By inspecting and cleaning regularly, the machines can be kept working properly by reducing the wear and tear. Preventive maintenance of CNC machines keeps them safe from deposits and wear and tear and keeps them looking and functioning like new. Not only does it increase the lifespan and performance of the machine but also enhances its value so that you can maximize the profit when selling it. A well-maintained machine is definitely preferred over unmaintained ones and fetches a better resale value. You can perform a thorough cleaning process before selling your used CNC equipment. Take a closer look to find what years have done to your machine. Apart from the layers of grime, dirt and fingerprints, look for residue, marker indications and other things. Next, check the doors and stainless steel plate. See how dull and grimy the plate is and ensure the doors roll smoothly. Then, check the dials, controls and keypads which might be filled with dirt and grime accumulated over the years. The inside of the machine also might be as dirty as the outside. You should look for corrosion on the spindle and check drill marks on the table. Follow some simple steps to clean the CNC controls, inside and outside of the machine to make sure it gets you the maximum value and profit upon selling. We created a free guide: Click Here

Key Factors Affecting the Valuation

When it comes to selling used equipment, pricing it is the most difficult aspect due to the specificity of the machine along with other variables. Model, features, age and condition of the machine, supply and demand, as well as economic climate all, play a major role in determining the equipment’s fair market value. The most common mistake sellers make is overpricing their equipment or machinery. The market for used equipment generally consists of refurbishes, brokers, liquidators and re-sellers. Such buyers only purchase the machinery that is priced competitively to make for shipping, holding and dismantling costs. Over-pricing may scare potential buyers willing to pay a fair price for your machine. The higher you price, the longer you will have to wait on your return. To sell faster, you should price competitively. Fair pricing is fair in time. Condition and age of the equipment are primary factors that affect the pricing of used equipment. Buyers may pay more for a machine that is well-maintained and newer. They would also be interested in knowing when the machine was put into production, the nature of updates, technical capacity and specs and number of running hours. Another consideration is the condition of the equipment. Proper machine care matters here. Equipment that is maintained well or hasn’t been used much fetches a higher value than one that hasn’t been taken care of. In any market, supply and demand affect commodity prices. When valuating your used equipment, it is advisable to do a little research on the current market trends. Ensure you find out if the demand is high or supply is low. If there are very few people buying or too many similar listings for similar items, your chances of getting the maximum value out of your equipment can decrease. The current economic climate can affect the prices of used machine. If there is a recession, manufacturing is less and the decreased production pushes down demand and prices for used machines. If there is expansion, you may see more demand for production and hence the machines.

Valuating Your Equipment Right

Manufacturing and fabrication businesses attending FABTECH can benefit from our exclusive offer on equipment valuation and maximize their chances of affording the tech at the expo. We will be giving 100% free, no-obligation used equipment price valuations at the FABTECH Booth #A2181. We will also be making cash offers for machines our current users on CNCmachines.com may be looking for. Do not forget to visit us at the expo to avail the offer. You can also call us for a free one-on-one consultation. About the Author: Curt Doherty is the CEO of CNC Machines, A Used machinery marketplace that allows manufacturers to buy and sell CNC machines and Fabrication equipment. CNC Machines will be at FABTECH in Booth #A2182 Sign up to attend FABTECH today!

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