Machinery Exchange - Best Secondary Markets for Equipment

Machinery Exchange - Best Secondary Markets for Equipment

Even in a down economy, processing companies and firms still need to purchase machinery. Unless you are folding up the business altogether, you still need to improve your efficiencies, grow your operations (where possible), and replace defective equipment. However, industry has clearly been affected by the down economy. Few areas have been hit as hard in recent years, so spending a large amount of capital on new machinery does not always make sense. As such, many firms are purchasing used equipment to meet their needs. If bought from a reputable source, a company can get reliable equipment at a fraction of the price that new equipment would cost them.

But where does a company go to get the best used equipment? There are many secondary markets available to those looking for used machinery, or even new machinery sold at a discount. Here is a look at some of the best:

Ebay: The giant auctioneer is typically associated with smaller items - such as collectibles, trinkets, and athletic tickets. However, many sellers use it for larger items - such as cars, houses, and even processing items. For example, an Ebay search for "heat exchanger" returns almost 2200 results - ranging from built your own kits (clearly for small projects) that are relatively inexpensive, to the bigger items from top rated sellers that exceed $50,000. If a firm is looking for the widest range of products, this is probably the place to start.

Search Engines: Going to a search engine, i.e. Google, and typing "used + [enter product name here]" will likely turn up a variety of results that may meet the user's needs. In the modern age of technology, secondary equipment sellers are well aware of the power of search results, and push for their products to appear at the top of these lists. For example, the phrase "used heat exchangers" will return over nine million results in Google. Currently, four of the top five results are sellers. The upside is that this method will include companies that may not list themselves through online auctioneers (for a variety of reasons). The downside is that it may not be easy to determine how reputable the seller is. Just because they show up high in search results does not make them a legitimate authority.

Reputable web sites: If the user is aware of a reputable equipment seller, they might find the best to check out that web site first. There is a lot to be said for going with a name that is well known. These firms (typically) care about their brand image, so they are less likely to sell a lemon. In the case where that occurs, they are more likely to make things right by providing a stronger warranty plan and/or replacing the defective equipment than a fly-by-night arbitrage website would be.

Trade Magazines: This is an option to those who may be a little more reluctant to use the internet for something as important as a machinery purchase. Many trade magazines include classified advertisements that offer up used equipment that may meet the buyer's needs. Just remember that appearing in a magazine does not mean that the seller is any more trustworthy than they would be online.

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