3 Thoughts Before Selling Your Old Machinery

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3 Thoughts Before Selling Your Machinery

Are you thinking of selling your used machines and equipment? There could have been multiple factors that have made you come to this decision. The bottom line tends to be the same for all scenarios, however. This machinery has to go. So, what are a few thoughts before you take that step and make the call.  

  1. Will you ever need this piece again?  Look to the past toes how often have you used this machine and what was the machines most common use? Do you already have a replacement for it? Nothing could be worse than missing an opportunity because you may have overlooked something the old machine did to high efficiency. If it has been sitting and collecting dust then you are losing value. 
  2. The age and condition. Everything loses its value with time, wear, and tear. You should think about what you still need from this machine. Are you looking to recover a portion of the cost of the machine? Then, sell it earlier with life left and in working order to maintain more value. Is the machine no longer working? There is still some value in it, to someone. You can try to sell it yourself or speak to a company like HGR that buys used machinery. 
  3. The market value. How much in demand is your machine? It may be worth a little research to look at seasonal trends on machinery sales to try and maximize your value by selling it at the high point. The ebb and flow of the market will dictate the timing. Keep in mind, the longer you wait, the more your machinery will depreciate.

So, now that you’ve made up your mind and you want to sell, HGR has a very easy process of doing this. Reach out to our buyer hotline, hgrsh@hgrinc.com, or visit our “Sell Your Surplus” page, click on the blue button,  and provide a few details. One of our reps will reach out to you and set up a visit from one of our buyers to inspect the equipment and make an offer. Then we take it away. It really is that simple. 

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