Why Is Second Hand Machinery A Good Investment?

Why Is Second Hand Machinery A Good Investment?

Filed under - Available
August 30, 2018

Starting a new business or expanding an existing one is expensive so it is prudent to consider purchasing second hand machinery. Most second hand machinery becomes available due to upgrades and expansion.  It is good working order and ready for action straight away. You are able to see the machinery in action and decide if it is suitable for your needs. Buying second hand high-quality machinery is much cheaper than buying new.

It is important to make your decision quickly when machinery becomes available because it is a one time opportunity.  The machinery will be built to another company’s specification rather than your own. If you are willing to be flexible and accommodate the equipment in your own premises it shouldn’t be an issue.

Purchasing second hand equipment from a machine manufacturer gives you the benefit of servicing and further support.  If you ‘Buy As Seen’ you will have to arrange your own servicing with the company. Equipment that has already been serviced and repaired will be as good as new and ready to transport to your own establishment as soon as you are ready.

Benefits Of Buying Second Hand Machinery

The most obvious benefit of purchasing second hand machinery is the purchase price.  The machinery works exactly the same as new equipment but is much cheaper because it is not bespoke.  It is possible to buy high-value equipment at fraction of the cost of a new machine and benefit from years of reliable service.

Second hand machinery provides a good return on investment (ROI).  Purchasing equipment at a cheaper price reduces the overall costs. Comparing the service costs of second hand machinery and the depreciation of brand new equipment needs to be a consideration when you make your decision.

New machinery depreciates in value very quickly reducing the ROI especially when it becomes time to resell it.  The first owner of second hand machinery has already taken the financial loss so it retains a good second hand price.  This is a factor you should take into consideration if you are anticipating expansion and equipment replacement in the future.

The price of second hand machinery depends on supply and demand.  If the equipment you require is in great supply with very little demand you will be able to purchase it at a good price.  Alternatively if your equipment is in short supply when you decide to sell it you will be able to recoup a lot of your expenditure.

Machinery Available From Challenger

Challenger has a range of second hand machinery available for you to purchase. These include; Used Glass Recycling Equipment, Used Wood Shavings Transport Equipment, Used Pet Baler and SSI 2400 E SHREDDER.  To see the complete list of second hand machinery click here.

We are able to service ‘Buy As Seen’ machinery so it is ready for your production line.  We repair and replace the components of all of our other second hand machinery so it is in excellent working order.

If you would like to find out more about any of the second hand machinery we have please contact us here.