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Best Practices
To ensure the best performance on the job, you sometimes need to get rid of your older, long serving pieces of equipment. No matter how well you maintain and care for your machines, they will eventually deteriorate with normal use. To reduce the chance of unexpected breakdowns, it’s important to replace end of life equipment before the risk of failure becomes too high.
The question is, what can you do with your old machines when it comes time to get rid of them? You don’t want them sitting around taking up valuable space or degrading even further if they still have some value to offer you. Below are the four primary options for properly disposing of end of life equipment.
Just because you are ready to stop using a machine doesn’t mean that there isn’t someone else who could still put it to work. If it is still in usable condition, you can try selling the machine directly to a buyer. The drawback to this end of life equipment disposal method is that it can take a lot of time and effort to find a buyer. You have to act as a sales rep in addition to running your operation. The other option is to contact your dealer or manufacturer and see if they are interested in purchasing it back from you.
Some equipment dealers or manufacturers will gladly accept your old machine as a trade in. This route can potentially be easier than selling, because dealers and manufacturers have the skills and tools needed to refurbish or remanufacture old equipment, and then resell it. While this option could help you save money on a new machine, what you receive for your equipment will depend on what the dealer or manufacturer determines is a fair trade in value.
Recycling or scrapping may be your only option if your end of life equipment is too far gone and cannot be sold or traded in due to its condition. Although you won’t receive as much money as you would if you were selling a piece of equipment in better condition, scrap and recycling centers may help you recoup a small amount of your investment, and it is certainly a better option than leaving it to rot on your lot or behind your shop.
If your end of life equipment is a popular model or for some reason is in high demand, then auctions can be a great alternative to selling to a dealer, even if the machine is in poor condition. Auctioning old equipment using online bidding sites requires less effort than direct selling and also broadens your reach to an extensive list of potential buyers.
Old equipment does not need to sit idle and take up wasted space in your facility. There are ways to dispose of it while potentially recouping some of your costs. Whether you have one machine reaching its end of life or several, the options we listed will help you determine the best approach to disposing of any equipment that is no longer useful in your operations.
Contact Heavy Machines Inc. for Your End of Life Equipment Needs today!
