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

The State of Manufacturing 2017 Event at HGR Industrial Surplus

DESCRIPTION

Will the manufacturing industry keep growing at a healthy pace in 2018? How will government regulations and new legislation affect the industry? How will Northeast Ohio manufacturers take advantage of new opportunities – and face their challenges – in the new year?

Join us for a morning devoted to uncovering economic trends that will affect your business in 2018. Attend MAGNET’s third-annual State of Manufacturing event and stay ahead of your competition.

DATE AND TIME

Fri, November 10, 2017
8:00 AM – 10:00 AM EST
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LOCATION

HGR Industrial Surplus
20001 Euclid Avenue
Cleveland, OH 44117

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Agenda:

8:00-8:30 AM: Networking / Breakfast
8:30-8:35 AM: Welcome Remarks (Ethan Karp, President and CEO, MAGNET)
8:35-8:50 AM: “OSHA 2018 – What You Need to Know” (Joseph Gross, Benesch)
8:50-9:05 AM: “Capital Equipment: To Lease, Own, or Other?” (Mark A. Wolk, Bank of America)
9:05-9:45 AM: “Manufacturing, the Economy, and the Future” (Dr. Ned Hill, The Ohio State University)
10:00-10:30 AM: Optional tours of facility / small group discussions with speakers

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