Buying Equipment – Used or New ?
Many Business owners face the dilemma of whether to go for new equipment or a used one when the business is expanding, or some existing equipment needs replacement. While both are viable options, it’s important to consider all the factors while coming to a decision.
Numerous things must be taken into consideration before reaching a decision. There are pros and cons to whatever you choose. Knowing what these are beforehand will put you in the best position. You might think that buying new is the best option because technology changes at such a rapid rate. However, that’s not necessarily the case. First, you need to ask yourself what you want the equipment to do for you? Is it to help deal with an increase in orders or are you looking more long-term?
When you think of new production equipment, you probably also think of high purchase prices. While it’s true that companies pay more for new equipment, these machines offer various advantages that can help to offset their higher upfront costs.
However, when buying new, it is not necessary to value for money. The fact is that used heavy equipment, when well-maintained and properly serviced, is just as valuable to your business as a new piece of equipment but at a fraction of the cost.
Maintenance is another key factor. While new equipment does require maintenance, it will be at a fraction of the cost and mostly covered by Warranty. Used machines, may cost a lot in Maintenance. It is necessary to research if maintenance personnel & Spare parts will be available
Today there are many online sites like Zatpatmachines dealing in used Sheet Metal Fabrication Equipment like Turret Punch Press, Press brakes, and Metal Cutting equipment like HMC, VMC CNC Lathes & also Plastic injection molding machinery. But what is more important is if the machine you are planning to buy is well maintained and Value for money.
Evaluation of used machinery is a must. Physical Inspection of the equipment you are planning to buy is very necessary. Usually, it is not practical to travel to every location you spot a machine you are interested in as it can be both time-consuming & expensive. Fortunately today there are organizations that offer such inspection services at a fraction of the cost enabling a prospective buyer to get a professional evaluation done. Onery International Gmbh is one such company offering various services like – Initial Inspection, dismantling services & logistics.
One can easily find a piece of equipment lying anywhere in the world by searching online. But it is usually a challenge to bring that equipment from say Europe to India. This is where professional service providers like zatpatmachines.com & Onery International Gmbh step in. Of course, new machinery does not have any such hassles as all these are taken care of by the OEM. But you have to shell out a lot more.
Another factor is if you have contracts in hand which needs to be produced at a short notice. New equipment usually has a lead time of 3-6 months. Whereas used equipment can be available immediately enabling you to start production & fulfill your orders immediately.
There are pros & cons for both used & new equipment. As a business owner, it is necessary to evaluate all factors and arrive at a conclusion about what works best for your organization.