Industrial equipment covers a wide variety of equipment needed to run certain businesses. It ranges from casters, cranes, and coil cars to gear boxes and weld lines. When it comes to this type of equipment, it can be a costly business expense, resulting in budget trouble and possibly even a loss in competitiveness against similar companies. Here are just a few reasons why you should buy industrial equipment used.
Many industrial related companies today buy industrial equipment, with most of them opting to purchase used equipment. A few types of companies that use industrial equipment include car manufacturers, heavy machinery manufacturers, factories, and more. These types of companies rely on the use of industrial equipment to keep their company running smoothly and without issues.
The first and most obvious reason to buy industrial equipment used is the cost. By purchasing industrial equipment new, your company loses valuable money that could have been used elsewhere in a more profitable area. Large purchases can set a company back and decrease the overall competitiveness of the company since they’re using a good chunk of their budget. Take for instance a cavity pump. New, these will range anywhere from $5,000-$10,000. That’s a pretty hefty price tag when you can get one used for much less. When you buy industrial equipment used, you’re saving money, which is beneficial to the company itself and all of its employees.
Lead times are another reason to buy used. When you purchase new industrial equipment, you can expect up to a six month wait time in some cases, whereas used equipment is usually available in 2-3 weeks. This is because there may be shipping delays, the OEM not having the required parts on hand, or even a shortage of employees. Since used equipment is already together, it’s typically ready to go much quicker.
Another good reason to buy industrial equipment used is the resale value. When you buy new equipment, it begins depreciating immediately. This can result in a substantial loss should you ever try to resell the equipment. Buying used industrial equipment allows you to make back what you spent on the equipment, or at least close to it.
When it comes to experience with industrial equipment, VX-LLC has plenty. The family running VX-LLC has been in the business of industrial equipment since 1965. Not only will you be receiving an excellent price for used industrial equipment, but we stand by what they sell. Our educated team will help guide you in the right direction for all of your used industrial equipment needs.
Industrial equipment is a hefty business expense, but it’s an investment many companies need to make. Buying industrial equipment used lowers the overall purchase cost and often has shorter lead times. Used equipment also helps recuperate some of the cost if you resell it, minimizing the loss. VX-LLC, located in Toledo, OH, has been in business since 1965 and aims to provide the best customer service and best prices for used industrial equipment.
We sell coil processing equipment that ranges from slitting lines, cut to length lines, banding lines, levelers, tube mills, pipe mills, rolling mills, coil handling, uncoilers, recoilers, slitters, coil cars, and more.
These products are used for processing coils of steel, aluminum, copper, and brass coils.