When Should You Consider Buying Used Machinery for Your Business?


Quick Answer

Purchase used machinery when it is a bargain compared to similar machines and when it can run efficiently and improve production. Be sure to buy machinery that has complete service records and is in good repair.

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Full Answer

Used machinery should perform a regular function of the business, preferably at less expense than the operation currently costs, and be sufficiently less expensive than new machinery to generate significant savings. Used machinery is a bargain when similar used machines cost more and when it is in good condition, requiring no new parts or maintenance. Check used machinery maintenance records carefully, and ask to see a record of ownership to ensure that the dealer is accurately representing the equipment.

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