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How to Sell Used Machinery or Equipment

Selling your used machinery require a good home work before finalizing. This post shares useful tips to sell your machinery to fetch best possible value. A little investment of time and money can help you get good value from your used asset. 


How to Sell Used Machinery or Equipment

Tips to Sell Second-Hand Machinery or Equipment

Whether you are selling by yourself or through a broker, you need to consider certain points. Your few minutes will help you earn a handsome amount from your sale.

1. Clean the Equipment

Before you start marketing the machinery, clean it. If it requires any polishing or painting work, get it. The first look at your machinery makes a lot of difference. 

2. Check the Functions

Make sure the machine is functioning properly. If there is any defect, fix it if possible. Check if any spare part is missing and get it done. This will increase the value of the machinery. You may also get it inspected.

3. Take Photos and Description

Do some work that will help you to market the machinery. If you will be selling the machinery online, its images and description are important. Provide accurate specifications and images.

4. Find out Potential Buyers

Do research on the industry that uses the machinery and tries to track the potential buyers. If you selling the machinery through the online marketplace, list it in the appropriate category. The wrong listing can keep your machine unnoticed.

If you think your machine is not much used and will have broader appeal, market accordingly. Advertise it through auction sites. You will have greater chances to get handsome prices. You may also advertise it in field specific magazines.

5. Price Research

Last yet most important is your research on the price of the machinery. Check the current market value of the machinery. You can check the recent deals of the same type and model in the online market places. Also, check the auction market deals if possible. If you have any industry expert in 
your circle, do get an opinion from him. 

Methods for Selling Used Equipment

There are multiple ways to sell your used machinery. Here are the major methods that will help you decide the most suitable one. 

1. Online Marketplace Listing – List your equipment for sale on the reputed online marketplace. Make your listing as visible as possible with images and particulars.

2. Auction – You can sell your machinery through online auctions. The benefit of the auction is that it helps you sell faster. Auction events have a sense of competition and urgency. Hence, it is possible to get serious buyers who will pay a good amount. 

3. Private Sale – Private sale is still the most common method of selling used machinery. You might sell it in your social or personal network. Advertising in a newspaper of other media also helps you sell it on your own.
4. Broker or Dealer – If you do not have sufficient knowledge of the machinery, selling it through a broker is a good idea. He will help you to get the best possible deal. You can also save your hassles in selling through a dealer.

We are sure above information will help you to fetch a fairly good price for your second hand equipment. Feel free to share your experiences and says.

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