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.

Continue Reading

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.

Learn more about Business Resources

Related Questions