What to Look For When Purchasing Used Warehouse Equipment
Which is best for your business? Used warehouse equipment, or new?
Managing a warehouse means dealing with a lot of change, quickly and efficiently. When you need to move, grow and find products as soon as possible, you must consider which equipment is best for your warehouse. Used warehouse equipment, or new?
One critical option that can make or break your warehouse management is the equipment you use. If your current space and equipment are preventing you from working to your highest ability or breaking down, it is probably best to replace them.
When you’ve decided to purchase equipment, it comes with an important decision: new or used warehouse equipment? Both offer advantages and disadvantages.
Although purchasing new warehouse equipment serves well as a long-term investment, used warehouse equipment is an excellent way to improve both your warehouse and cash flow – The perfect solution when a warehouse is in need of a revamp but limited funding is available. The value of used equipment also usually remains close to what you paid for as the previous owner has already had most of the devaluation.
Used warehouse equipment of course, naturally costs less than if you were to purchase it new. Therefore, even if you have the funds to buy new, how much used equipment could you buy with the same amount of money spent? You could probably save a fortune and spend the leftover money on other much-needed supplies, leaving you with new equipment AND extras.
Looking for good quality used equipment
While buying used warehouse equipment will spare your budget, it is still crucial to test it before getting excited and committing to purchase.
There are a few things to look for:
You can’t expect used warehouse equipment to be in perfect condition, in some cases, usually pure luck; you may find a great piece, however, most of the time you have to expect it to have flaws. Expect dents or scratches on almost any used purchase. But think about whether the equipment is beyond repair or simply requires a lick of paint. If fixing small flaws still brings you under budget, it is still a good buy.
Has any previous maintenance taken place?
Make sure to look for any signs that might show that the previous owner didn’t take good care of the equipment. If the machine has broke in the past, it will never be as strong as it once was. Proceed with caution!
Test and Test Again
You have the right to check the equipment before you purchase. Does it run smoothly? Are there any visible signs that the equipment might not work correctly? Make sure to test every single function to ensure it won’t give you any trouble when it’s yours.
Test in person
It might seem obvious but seeing the product in person is important. Seeing the equipment in person will help your investigation. It will also help you get a feel for the equipment and whether it’s best for your business.
Search the web
Before you leap straight in, do some research on the companies you’re thinking of buying from. Most reliable sellers will display customer reviews on their site. It is a strategy that has been used by large e-commerce companies for years. You wouldn’t purchase something on Ebay if the seller had a poor percentage rating, would you? So why would you buy from a company with either poor ratings, or even worse, no ratings at all?
Warehouse equipment – designed for longevity
Some companies don’t realise the longevity of their warehouse equipment and often stop using tools when they still have a few years left in them. Whether they upgraded, ran out of space or simply didn’t want it anymore, plenty of used equipment is still in top notch condition.
While very few things are more appealing than buying something new, used warehouse equipment can be a sound buying decision. Most of the time buying used equipment can save you up to half the price in cost. Purchasing used warehouse equipment doesn’t necessarily mean missing out on quality.
However, costs aside, it is important to think about the risks of used warehouse equipment. If there are health and safety issues your business could take a serious insurance hit if someone were to get injured. With new equipment, warranty is almost always guaranteed, so the worry of finding a replacement if yours were to break is non-existent. Purchasing new equipment for your warehouse keeps your workplace as safe as possible.
A business with new equipment can also compete more effectively against competitors. Used equipment could slow you down, increasing the risk of losing customers.
Along with the benefits of health and safety, good security also comes with new equipment, especially the purchase of hardware, software, or machinery. As time and technology develop, manufacturers incorporate advanced features that prevent theft and improve data safety.
Which option is best for your business? If you take the points mentioned above into consideration, used equipment could serve you just as well as a new, more expensive piece and will still last for years to come. When you know what to look for and have the time to spend researching, you can find used equipment that’s just as reliable.