How to Get the Best Value from Your Used Equipment

It is springtime again which means it is time to go for some cleaning. By now, most people must be busy with their spring cleaning. It is not just our homes that need cleaning but even offices need to be cleaned and organized from time to time. Spring is one of the best times to invest some time in the process.

If you have got tired of seeing that unwanted industrial equipment taking up precious floorspace, you may consider getting rid of them. The best way to get rid of unwanted equipment is to sell them to prospective buyers. It is a smart way to earn some funds that can be invested in the business later. As the used equipment market is currently booming, you should give it a thought. But the question is how can you sell equipment that your company no longer needs?

There are several avenues through which you can get your industrial assets sold. In this blog, we have listed some of the best methods for selling used industrial equipment. Read on to find out which is the most suitable option for you.

• Sell Equipment at In-person Auctions

Despite the availability of online auctions, traditional auctions or in-person auctions are still quite popular. In live auctions, buyers can inspect the equipment in person. So, make sure the equipment you want to put on sale is presentable. Clean it properly and check if it needs repair. As the first impression matters a lot, present your equipment properly. No buyer would like to purchase dirty-looking equipment. So, prepare the equipment accordingly. Also, keep in hand all the relevant documents like bills, maintenance records, warranty, etc. to keep things transparent.

• List Your Industrial Assets on Online Auctions

While traditional auctions can be costly and time-consuming, you can list your used equipment on online auctions for free. Online auctions will also save your carrying costs. Besides, it has a faster turn-around time.

Unlike in-person auctions, online auctions will also give you more freedom and flexibility. From setting the price of the equipment to choosing which buyers to target, you can take all the decisions and have more control. As online auctions are not limited to a single location, they give access to a wider audience base. These are some of the perks of selling on online auction sites. Before you start listing your equipment, do your research and check which type of industrial equipment sells best. Also, set a fair price to attract prospective buyers.

• Partner with an Equipment Dealer

If you do not want to sell your equipment on your own, you can partner with an equipment dealer. Equipment dealers can get your equipment sold quickly and pay you for it immediately. As they have access to certified technicians, they can even get your equipment repaired if needed. This method of selling is hassle-free and it opens the door to more opportunities to sell in the future.

• Sell Equipment directly to End-Users

If the equipment you are selling is in high demand, you may consider selling it directly to an end user. When there are multiple buyers interested in buying your equipment, you are likely to get paid more than the fair market price. This method of selling is, however, challenging and time-consuming as you have to market your equipment, negotiate its price, and set up shows on your own.

Ready to Get Started with Your Sale?

Choosing the right method for selling your used equipment is very important for making your sale successful. Aucto’s online auction platform is a great option for you if you are planning to sell equipment that your company no longer needs. At Aucto, we simplify the selling process by connecting sellers with qualified buyers from all over the world and seamlessly deliver the highest net recovery rate in days. Get in touch with our dedicated support team today to know more details. Call 1-844-326-7339 or email support@aucto.com.