5 Thoughts Before Buying Used Equipment

5 Thoughts Before Buying Used Machinery

Buying used machinery can be an excellent way to grow your business and stay within budget. You could be searching for high-end CNC equipment or a consumer grade drill press, and the chances are, you would save money buying used. The first part of buying used is knowing where to look. Obviously, I would recommend HGR Industrial Surplus given the large inventory and variety of equipment. In the end, wherever you choose, there a few things to keep in mind when buying used machinery. 

  1. Reasoning – What are you looking for in a used machine? Do you want to get a great deal on a working machine without any issues that runs for life without a need for maintenance? Flip another quarter in the wishing well, and throw me in one too while you’re at it. The truth is, used machinery doesn’t come with all of those guarantees and often needs some sort of work done to it before it is in optimal working condition. So, if you have the resources or knowledge to do so, buying used may be an option for you. Do you need to see it in working condition before you buy it? Maybe try an auction on our homepage.  
  2. Financing – Not all machinery dealers offer financing and banks may be hesitant to loan money for used machinery. You may have to come out of pocket for the full cost of the machine and the repairs. While this will most likely benefit you in the long run, you have to have the resources available before making that decision. 
  3. Component Usage Wear – It is important to know what you are looking and where to look when buying a used machine. You may use one of these machines daily and know exactly where to look. For the rest of us, we aren’t hopeless. Luckily smart phones have given us the ability to search the make and model and which components wear out or are frequently damaged. While the damage may not be a deal breaker, it may give you leverage on the price when haggling, so make sure to take a quick search while inspecting.  
  4. Know the Value – Every company is out to make money, so don’t be surprised if the prices aren’t rock bottom steals. These companies have to purchase the machines and then have them shipped into a facility to sit and take up floor space waiting to be sold. There is a cost that builds with each machine. With that said, a little research can give you some buying power by knowing what the machine is worth. It is hard to argue prices, if it is at market value. Knowing what the machine is worth will ensure you don’t overpay and get a fair deal. 
  5. Kill the Deal – Keep in mind that when you go to see a machine in person, you may see things you didn’t in the photos, so make sure you can have someone inspect it, if possible. That person, or yourself, should have “Deal Killers” in mind.  Things that you have decided will detour you from this purchase. It may be specific damage you see, overall condition, storage condition, or a complex repair that is needed. The inner voice in your head says it’s a good deal and I can fix this, but will you ever do it? Know when to say when and decide the tipping point to when this machine is no longer a value. 

Interested in used machinery? See our new arrivals here!

Maybe an auction? Take a look at a few auctions HGR is currently marketing. 

8-14-19 Automotive Stamping Facility Auction

 

By Joseph Powell

5 Reasons to Buy Used Equipment from an Auction

Auctions at HGR
We already know who has the largest industrial surplus showroom in the galaxy, but did you know that HGR Industrial Surplus partners up with Cincinnati Industrial Auctioneers to market auctions? These auctions are great opportunities to get working machinery to help support your current business with little to no downtime. Do you want 5 more reasons to purchase machinery from an auction? Consider this list the next time you are ready to purchase equipment.

1.Industry Specific– The majority of auctions are very specific in what the have to offer. While they offer variety in brands, makes and models, they may also have those specialty items only someone in your industry may need. There may be a lathe, drill press, or mill set up with your business in mind. This is a great opportunity to expand your business and grow at a lower cost.
2. Testing the Machine – Reputable auction companies allow potential buyers to inspect the machinery prior to being auctioned. This machinery is typically in current working environment and under power, allowing buyers to see the working condition of the item. This will be valuable information to have before you place your bid, and it eases the tension on bidding on the item, given that you have seen it in working condition. Since you are getting this piece of equipment directly from the user, it most likely will have some maintenance records with it to give you insight into the machines history.
3. Easy to Bid – Maybe the idea of fighting in a room full of people waving your paddle around, while an auctioneer rattles off numbers at an insane speed seems a bit intimidating. I agree, but most auctions currently allow you to bid online and save yourself from being inside of the scrum. After you see the equipment and inspect it, you can sit at home with a cup of coffee in one hand and your dog curled up at your feet while you bid away effortlessly.
4. Titled Equipment – When you make a large purchase like machinery, getting a title grants you the safety needed to make the purchase without question. This is one of the benefits from purchasing the machinery directly from the user.
5. Financing – Not all auctions offer financing, but those that do understand machinery and the true value of it. A bank may not understand the cost of used machinery or the value and is less likely to provide a loan for it. Auction companies that offer financing will allow you to grow your business without emptying the accounts to do so.

Take a look at a few auctions HGR is currently marketing.

8-7-19 Coil Springs Manufacturer
8-14-19 Automotive Stamping Facility Auction

Do you have any interest in auctioning off your surplus equipment and supplies? Make sure you contact JMiller@hgrinc.com to see if an auction would be something of interest to you or your businees.

courtesy of Joseph Powell

Tony Grenga – Metal and Wood Desk

Tony Grenga metal and Wood Desk HGR
Tony Grenga created a Metal and Wood desk with parts purchased from HGR. Here is his story.

Metal and Wood Desk by Tony Grenga – I work at a family-owned  machine  shop in Youngstown Ohio. My hobby is repairing woodworking and metal-working machines. As a result, I spend the second Saturday of the month at the HGR sale. My son asked me to build a desk with a machine base that raised and lowered. While I was looking one Saturday I saw 2 jack screw actuators so, I purchased them.

Now, I was on my way. With a waste basket full of ideas, a few months later, I finally came up with plan. I would need a gear box to connect the jack screws. I looked the on HGR web site and there it was, a gear box. This was a perfect match.  Starting at bottom there are 3 inch round nylon feet, and a 1/2 inch x 6 inch x 38 inches bent-in brake press. A jack screw actuator connects to gear box with 7 inch hand wheel to raise and lower. There are 4 pieces on each side of 3/4 inch stainless, connecting brass nuts to a piece of 1 inch x 6 inch aluminum.  The top is a piece of 2 inch thick oak measuring  38 inches x 80 inches.  The desk lowered is 29 inches and 49 inches raised.

Are you a customer of HGR and you want to share projects you have made with items bought at HGR, please email the story and photos to Joe for consideration of being shared on our blog and social media. We look forward to seeing what you’ve done!

 

See what you can create by browsing our massive inventory here.

See some more ideas on how you could build a desk of your own on Pinterest.

CNC Machining Projected to be $100B Industry by 2025

DanielDM CNC Lathe
See full article here – https://www.thomasnet.com/insights/cnc-machining-projected-to-be-100b-industry-by-2025/

In recent years, an increasing number of production facilities have adopted CNC lathes as their tooling of choice. By 2025, experts expect the global CNC machine market to grow to $100.9 billion in value, registering an annual growth rate of 6.8%.

Leading the Market
The lathe machines segment of the market held a significant leading share of more than 27% in 2016. Due to features such as reduced time requirements and multifunctionality, industry analysts predict the milling machines segment to see a compound annual growth rate of an estimated 9.5%.

Through 2025, this segment will likely continue to dominate this area of the market, reaching an expected valuation of $25.17 billion.

CNC Market Drivers
One of the most common prototype production methods, CNC machines operate automated tools using computer-programming inputs. CNC machinery manufacturing is experiencing a rapid rise in growth due to the need to:

Reduce operating costs
Use manpower more efficiently
Avoid errors in manufacturing
CNC machines offer manufacturers a number of advantages. The growing use of practices like computer-aided manufacturing (CAM) and computer-aided design (CAD) in product design and prototyping enhances manufacturers’ ability to deliver high-precision components on time. This drives growth in CNC machinery adoption and use because successfully implementing CNC equipment reduces operating costs and improves the efficiency of mass production.

Because CNC machines allow for an incredible degree of accuracy when carving complex shapes such as diagonal cuts and curves, demand has exploded with the rise in technological advancements of CAD, CAM, and other CNC software.

By saving end users significant time between design and production, CNC machining improves a facility’s capabilities and increases revenue. CNC machinery also provides more precise detailing than 3D printers and works with a wider range of materials.

This improved production capacity, as well as the enhanced quality and precision CNC tooling brings, make it a solid choice for manufacturers across a wide range of industries.

Projected Market Growth
The future looks bright for CNC lathe manufacturing. Automobile, electronics, defense/intelligence, aerospace, healthcare, and industrial manufacturers all benefit from the use of CNC lathes.

Although high maintenance costs and the cost of post-sale services for CNC machines may somewhat affect adoption, reduced production costs and more areas in which you can use CNC machining will create significant growth opportunities. The Asia–Pacific region especially will see increased use of CNC machinery as regional economies continue to grow.

CNC lathes vastly decrease time requirements in an increasingly fast-paced production environment. With their growing number of uses in modern production facilities, factories everywhere will continue to adopt CNC machinery for their high precision and reduced labor costs.

Image Credit: DanieleDM / Shutterstock.com
Blog written by a Staff Writer for Thomas.net

Get to Know HGR’s Randall Miller

Randall Miller

What is your job title?  

Showroom operator

What do you do/what are your job responsibilities on a day-to-day basis?

Pull, stage, and load customers’ orders. Clear out new arrivals to the correct aisle. Maintain a safe and clean showroom.

What qualifications are needed to succeed in your role?

Great listening skills and patience

What background or prior work experiences that you bring to the table that help you do your job?

Two years of restoration and construction, two years bartending/bar management, three years working at U-Haul as a customer service rep.

How long have you been with HGR, and why?

Three years in May because I learn something new every day.

What amazing things are you doing in your personal life?

Currently teaching myself to speak French and Croation.

What can you tell us about your family?  

My dad spent 22 years in the Navy and retired with the rank of master chief; mom is an assistant manager at CVS; and my sister who is three years older than I am is my best friend. She just recently moved to Florida for a job in criminal investigation.

What is the most important thing in the world to you/what matters most?

Family, friends and having fun are the most important things to me. You only get one life; so, enjoy it with people who bring a smile to you.

Get to Know HGR’s Andrew Pringle

Andrew Pringle and family

What is your job title?

eBay account manager/sales rep

What do you do/what are your job responsibilities on a day-to-day basis?

I provide the proper information to our potential customers to try and facilitate a sale of the equipment we have here at HGR. Responding promptly to e-mails, incoming calls, and foot traffic allows me to be successful at HGR.

What qualifications are needed to succeed in your role?

Time management, customer service, ability to close the sale

What background or prior work experiences do you bring to the table that helps you do your job?

I’ve been in sales for the last five years. I worked in the moving industry doing in-home estimates; I’ve worked in life insurance sales (TALK ABOUT A HARD CLOSE); and I have learned to LISTEN to customer needs so that I can appropriately address their requests/concerns.

How long have you been with HGR, and why?

I’ve been at HGR for two years. HGR has taken care of me and been accommodating to my family needs.

What amazing things are you doing in your personal life?

As a father of four, that consumes most of my spare time. That being said, I play tournament-level softball and dabble on the piano in the limited spare time I do have.

What can you tell us about your family?

I raise my two daughters Emeri (7) and Brooklyn (5), and I have a beautiful fiancé named Grace who is a big help. She has two children of her own, Lilah (6) and Lincoln (3). Our house is the epitome of busyness and healthy chaos.

What is the most important thing in the world to you/what matters most?

Making sure the children in my home have a better upbringing than I did is my “WHY.”

Get to know HGR’s Eric Sims

HGR Industrial Surplus' Eric Sims

What is your job title?

Second-shift receiving supervisor

What do you do/what are your job responsibilities on a day-to-day basis?

I unload trucks that arrive after first-shift leaves and set up the product for first-shift clerks to photograph and inventory.

What qualifications are needed to succeed in your role?

I have 11 years of experience in doing my job before I made supervisor and a lot of patience.

What background or prior work experiences that you bring to the table that help you do your job?

I have five years of experience doing body work and eight years of experience working on cars and installing performance parts before I came to HGR.

How long have you been with HGR, and why?

I have been with HGR for 11 years now because it’s a good company to work for and I can’t let down my late uncle-in-law, Ken Walker, who gave me this fun job.

What amazing things are you doing in your personal life?

My son and I are restoring a 1984 Ford Mustang; that’s my dream car and one of his favorites. My son wants to get mine done so we restore one for him, too, for his 16th birthday.

What can you tell us about your family?

I have two kids. My son is 11, and my daughter is 12. My wife and I have been together for 15 years now.

What is the most important thing in the world to you/what matter most?

The most important thing to me is simple: family.

Get to Know HGR’s Kyle Strader

HGR Industrial Surplus' Kyle Strader

What is your job title?

Inbound logistics agent

What do you do/what are your job responsibilities on a day-to-day basis?

Deonte Matthews and I schedule all inbound freight to be inventoried here in Euclid, whether it be consignment or purchased.

What qualifications are needed to succeed in your role?

Attention to detail is very important because we need to confirm dimensions, times, addresses, weights, names, trailer types, carriers, rates, etc. Confidence is also important, because most of our day is spent negotiating. Patience and the ability to adapt to change, because a pickup can go very poorly very quickly. And of course integrity, accountability, and communication. Without those three things, you may as well stay home.

What background or prior work experiences do you bring to the table that help you do your job?

I worked at UPS for 10 years in various roles; so, that experience has certainly helped me make the transition into Logistics at HGR.

How long have you been with HGR, and why?

I started in July 2017. Honestly, at first, I took the job just to have a job, instead of the first one I’d gotten after moving from UPS in Louisville, Kentucky, was as a chemical incineration plant operator, and it was awful and dangerous. But then I fell in love with HGR and all the people here and what we do, and the feeling feels mutual (at least in my head); so, it was one of the best decisions I’ve made in my life.

What amazing things are you doing in your personal life?

I have written two fantasy novels titled Glimpsing Infinity and Touching Infinity (set in Cleveland, actually, so read them!) and I am currently editing the third in the series, which is titled Embracing Infinity. And I’ve also converted the first into a screenplay, which I am shopping around.

What can you tell us about your family?

My wife, Johanna, and I have been married for seven years, and we have two amazing boys, ages 3 (Atlas) and 5 (Odin).

What is the most important thing in the world to you/what matters most?

The happiness of those around me.

Bitesize Business Workshop: Design Thinking

Euclid Chamber of Commerce logo

Join the Euclid Chamber of Commerce at Moore Counseling & Mediation Services , 22639 Euclid Ave., Euclid, Ohio, on Dec. 13 from 8:30-10 a.m. for an educational workshop presented by Matthew Selker.

There is no cost to attend.  Membership is not required.

Please contact Jasmine Poston at 216.404.1900 or jposton@moorecounseling.com to register.

Local family-owned machine company makes a business of making holes

Gary Zagar of Zagar Inc
Zagar Inc.

(Courtesy of Guest Blogger Gary Zagar, sales and marketing, Zagar Inc.)

The Zagar Inc. machine company was founded in 1937. Dedicated to the idea that everything needs holes, the Zagar gearless drill heads were manufactured during a robust period during the world wars and became a great product on the American market. The factory, located in Euclid, Ohio, right off of I-90, also makes work-holding fixtures, drilling and tapping machines, and custom machinery.

The location of the factory was chosen off of I-90 due to exposure to the highway back in the day, which is still a great place today. Always the forward thinker, Mr. Zagar saw hole-making equipment used in the constantly expanding fields of medicine, aerospace, automotive and military industries. Although these are main areas of business, many other entities have been served. The company has even drilled holes in hair picks for the tines during the 80’s hair craze.

The company’s customer base spans the globe and encompasses whatever needs a hole drilled in any type of surface and material. Currently, there are approximately 20 employees who work at Zagar, and the owners feel that one of the bigger challenges that the industry faces is employment. Qualified people to run and build machines are becoming a rarity, and the schools are not teaching the tradesmen and women like before. The concentration on going to college, IT and the medical fields has taken a bite out of the trades. The kids also have been exposed to video games and computers at an earlier age, which creates a generation of “indoors men” that is crippling many industries.

Industries Zagar Industries serves

However, Zagar is committed to continued success by reaching out to trade schools in the area, creating relationships with them and planting seeds in the heads of the kids to let them know that a manufacturing career is not a bad thing. The company also reached out to trade organizations and local chambers of commerce to help create positive relationships toward the success of the industry. As the industry drives toward a high-technology, advanced-manufacturing future, companies need to prepare for the need.

When not working at Zagar Inc., Gary Zagar, is an avid golfer and dad. It is all he has time for. He is inspired by positivity — looking forward to life and to good things, in general, instead of the constant reporting of negative and the plight of the world. He strives to be, and encourages others to be, the light of the world to inspire positive things in other people. He enjoys being outside during good weather and loves commerce and learning about everything. He says, “Life is so interesting, and I love it.”

 

HGR Industrial Surplus’ Thanksgiving 2018 hours

HGR Industrial Surplus Thanksgiving hours

Here are our holiday hours so that you can plan your visit or pickup. For the week of Thanksgiving, we will be open for normal business hours from 8 a.m. to 5 p.m. We are closed on Thursday to observe Thanksgiving with our families. We will re-open for shorter Black Friday hours on Nov. 23 from 8 a.m. to 2 p.m. The following week, we resume our normal hours of 8 a.m. to 5 p.m. Monday through Friday.

Enjoy celebrating your holiday and all the people and things for which you are grateful!

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