How to Sell Your CNC Machines
If you own a manufacturing company, you have made good use of CNC machines. Considered to be machinery that revolutionized the modern industrial company, CNC machines have made producing parts and products of various types much easier, more efficient, and far more profitable than in years past. Yet just like all good things that must come to an end, the day will come when you know it is time to sell your CNC machines in favor of upgrading to new state-of-the-art equipment. However, knowing the best way to sell these machines can be a complex process if you are not familiar with how to do so. Though the market for used CNC machines is very good, knowing the best steps to take and the options available to you can make all the difference in how quickly you sell the machines and how much profit you make.
Know What Your Machines are Worth
Before you ever put your used CNC machines on the market, always get them appraised so that you know their true value. By doing so, you can make sure any offers you receive from interested buyers are not ones that are far below the machine’s value. To get an estimate, you can usually do so by looking online at sites where similar machines are sold, or contacting the manufacturer of the machine.
If you want to make maximum profits on the sale of your CNC machines, the best way to do so is by setting up a direct-to-buyer sale. However, this can be a process that is very intensive from a time and labor standpoint, so make sure you have the time to invest in this or have someone within your company who can be put in charge of this project. While it will be your responsibility to locate a buyer, once this is done and the deal is made, the buyer will then be responsible for removal of the equipment to their location.
Auctions and Managed Sales
If you are eager to rid yourself of your used CNC machines, selling them through an auction or managed sale are viable options. Since most auctions are done online, you can usually guarantee your machines will be sold in a timely manner. However, you will probably receive less profits than through a direct-to-buyer sale, so take this into consideration. If you decide on a managed sale, a third-party will be responsible for inspecting the machinery, advertising its availability, and finding interested buyers. Yet as with auctions, chances are you will get slightly less money for the sale, since the third-party sales manager will get a certain percentage of the sale.
Know Which Sales Process Works Best for You
Since you will have several options available as to how you can sell your CNC machines, take the time to think about which type of sales process will work best for you. For example, if you have a facility that is closing or you simply need to get older equipment out of the way before new equipment arrives, an auction or managed sale of your used CNC machines will be your best bet. However, if you have the time to spend looking for that one buyer who will give you the price you are seeking, and you have the space to store the used CNC machines until they are sold, take a closer look at the direct-to-buyer method.
Have Plenty of Documentation
To increase the chances, you can make a quick sale and receive your asking price, try to have as much documentation as possible about your CNC machines. This should include any special features the machines possess, as well as any nonstandard features that are also included. In addition, don’t be afraid to mention any wear and tear on the machinery to a prospective buyer. If they are knowledgeable, they will know the machine has been used extensively in a manufacturing environment, and will not be scared off by this revelation. By including information you would want to know yourself prior to buying a similar machine, chances are you will make a deal.