Understanding How To Streamline Your Company

Equipment Purchase Options For Your Company Or Fleet

9 February 2017

Carrie Gomez

If you operate a company that relies heavily on equipment of any kind to complete the services you offer, finding ways to buy those pieces at a reasonable price is important. At the same time, the price is not the only consideration. Paying less for a piece of equipment is great unless the quality of that equipment is reflected in the price. Finding some creative ways to source the equipment you need is one way to save some money and get the work done.

Buying New From A Dealer

When it comes to the purchase of equipment of any kind, the most common way to deal with it is to visit an equipment dealer and talk with them about your specific needs. They will often have what you need or be able to get it for you, but it may come with a premium price tag. If you need new equipment with warranties and maintenance contracts, you might want to just bite the bullet and go this route. Especially if you are a new company just starting out, new equipment may be the best solution.

Trying Used or Traded In Equipment

While you are at the dealer, you might consider talking to them about the possibility of buying some newer used equipment that fits your needs. People will often trade in machines that have a lot of life left in them because they want a newer product or a feature that has recently become available. In these situations, you can often get the trade-ins at a much lower price because the dealer needs to get their money back out of them. This might be an option, especially if you are on a very tight budget or want to keep your purchase price down to maximize your bottom line.

Shopping the Auctions

Another alternative to buying new is to shop for lightly used equipment at the auctions. This is a great option, and in many cases, the equipment being sold at these auctions is in nearly new condition. Sometimes it has been repossessed when a company goes under, maybe it was bought as part of a liquidation sale and is being turned over, or it could be that it was traded in and the dealer has not been able to sell it off the lot so it is taken to auction.

In any case, take the time to look over the equipment before the auction starts then bid on just what you want while staying in the price range you feel is fair. You might just come out of it with a top notch machine for pennies on the dollar when compared to the original price.

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