Companies belonging to all kinds of industries can experience rapid growth in popularity and overall success. Although this suddenly increases their production and manufacturing needs, they still don’t earn enough profit to invest in brand new equipment.
Purchasing used and rebuilt equipment is probably the smartest business move in these situations. While these two terms come with some similarities, they also have several distinctive properties.
If you’re unsure whether to invest in used or rebuilt equipment, this article will help you decide which option is best for you, so make sure to keep reading!
About used equipment
Many newly-launched businesses have a wide array of activities they want to improve and automate, but their budget might pose a concerning obstacle. That’s precisely where used equipment comes in handy.
Used equipment includes machinery that has already been owned and used by someone else. Now that new equipment is released all the time, successful companies often choose to regularly upgrade their tools which lets smaller businesses purchase machinery at great price points.
Tried and used for some time, used equipment lets companies purchase the equipment they need for a much lower price. Reliable machinery that tends to drop in value can be an excellent investment.
What’s more, many sellers let businesses rent the used equipment, which allows them to test and experiment with the tools before purchasing them. If the machinery is the right fit for your business, buying used pieces and tools is ideal for all companies who need a budget-friendly solution.
Although there’s no cheaper alternative than buying used equipment, this process certainly comes with its list of advantages and disadvantages.
Pros of used equipment:
- Lower purchasing costs
- Relatively recent technology
- Can be tested before purchase
- Almost immediate ROI
Cons of used equipment:
- Short lifespan
- Quality can be questionable
- Maintenance records can vary
- No warranty
About rebuilt equipment
Rebuilt equipment is machinery that has been owned, inspected, and restored to an almost new condition. Since every piece of machinery is different and requires a unique approach, there’s no template of how a typical rebuild looks like.
That means some rebuilds will tackle the machine’s engine only, while others will include the disassembling, cleaning, and refurbishing of all equipment components. Nevertheless, the core purpose of rebuilt machines is to give them a cost-effective “second life”.
If a machine has been slightly used, replacing its worn-out components and used electronics can give it a rebuilt status.
The cost of purchasing rebuilt equipment varies drastically depending on the complexity of the task, but the results are outstanding. Companies can buy almost brand-new tools for much less.
When buying rebuilt equipment, it’s crucial to find out details about the rebuilding process. Which parts were replaced, did the equipment go through the testing process, and ensuring the entire construction works flawlessly are just some key information you should know when buying rebuilt equipment.
Pros of rebuilt equipment:
- Lower price than new equipment
- Almost new condition
- Holds better value
- Extended lifespan
Cons of rebuilt equipment:
- The process is complex and time-consuming
- Not all pieces can be upgraded
- No warranty
Conclusion
Used and rebuilt tools allow companies to receive the needed machinery at a fraction of the price. Depending on your company’s requirements and financial status, you can choose from a wide selection of used and rebuilt equipment at Change Parts, Inc.
Contact us to learn more about our used and rebuilt equipment program and get a free quote today!
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