How can you benefit from this old favourite?
People who part-exchange their fabrication equipment are definitely onto something. What could be easier than trading in something you don’t want, for something you do want?
Of course, there are variables to consider and sometimes a compromise to be made here or there, but on the whole, it’s a sound decision when you are looking to offload and re-invest.
The benefits of part exchanging your welding or cutting machines:
- Convenience – If you only have to go to one place to buy and sell your equipment, that’s a win-win!
- Hassle-free – Avoid trawling the internet trying to find somewhere to offload something that’s no longer worth your time.
- Ease – With only one lot of paperwork and one transaction, it makes the whole process so much simpler.
- Versatility – Job scope changed? It’s easy to trade now redundant equipment for something you will need going forward.
- Save time – If there is one thing no one has enough of, it’s time! So why not save yourself some and avoid hours of work on multiple deals.
Whether you have an oxy-fuel profile cutting table and want to upgrade to the plasma process. Or you are looking at introducing welding automation to your current manual operations.
There are many scenarios where trading in your current equipment can help you invest in new technologies to boost your business.
What are the downsides?
As the saying goes, nothing in life comes for free!
You could say the same about the part exchange process.
There may be some compromises if you choose this route, mainly to do with price.
When you exchange something in return of something else as part of a sale, the thing you returned is likely to need to be sold on afterwards to make the deal worthwhile.
The item you part exchanged is therefore still going to need to be sold on at a reasonable market value.
To summarise, you will probably not get as much as you would if you were to sell the machine privately. Therefore, it is a good idea to have a value in your mind that you would be happy with, and that you can make good use of with your re-investment. You’re essentially paying for the convenience and it’s a case of do the benefits make up for this slight loss in value?
Feel free to contact us for an initial discussion and find out how we may be able to help you realise your manufacturing ambitions via part exchange.
