Manufacturing overhead, including factory supplies, depreciation on equipment, and replacement parts, can take a toll on a company’s wallet. Then, when they need to add equipment or replace aging systems, they’re faced with the complication of choosing among options to buy used, buy new or lease. When replacing equipment, a manufacturer needs to sell the old equipment in order to free up floor space and capital.
That’s where HGR Industrial Surplus comes into the manufacturing pipeline to assist a business’ growth and investment recovery by providing used equipment for sale or lease and by buying used equipment to help companies turn surplus assets into cash that will help pay for the upgrade or replacement.
Since scrap prices are at an all-time low, most companies can probably can do better by putting the equipment back into service through resale, which also is environmentally responsible. And, someone else will be able to save capital by buying it used or may even use the equipment for parts in the repair of another piece of equipment. Reselling to HGR also saves the seller the time and frustration incurred in finding potential buyers or in spending money to place ads in industry publications or resale websites then monitoring and responding to inquiries.
If a company is looking for a piece of equipment to replace one being taken out of service or to expand its line, it either can buy the used piece of equipment or lease it through HGR. If they choose to buy it, we have a 30-day, money-back guarantee that mitigates risk, and we are a Machinery Dealers National Association member, which means that we abide by their stringent code of ethics.
Should a company choose to lease a piece of equipment, we have a relationship with a finance source that, essentially, will buy it from us and lease it to the company. Once purchased or leased, our Shipping Department can set up transportation. Then, from the date that the item is purchased, a customer has 30 days to pay and 45 days to remove it from our showroom.
SHOPPING HINT: As soon as the item is received, our Buy Department prices and photographs it then posts it online. Some items never make it to the showroom floor because they are purchased as soon as they are listed. So, it’s important to have a relationship with one of our salespeople who can keep a customer in the loop if something comes in, or a customer can check our website or our eBay auction for the most recent arrivals.
And, though we sell used equipment, we sell tons of other stuff, including shop supplies, fans, fixtures, laptop bags and printer ink cartridges. You never know what you will find. We get 300-400 new items each day in many equipment categories, including welding, machining and fabrication, supply chain/distribution, plastics, chemical processing, electrical, furniture and finishes, hardware, motors, robotics, shop equipment and woodworking. There’s something here for everyone. Many makers and hobbyists shop at HGR and upcycle equipment pieces and parts into other useable objects.