If you thought buying used CNC machinery was a tough cookie to swallow, then you should try selling a used CNC machine. In both cases, evaluating the machine and valuing it fairly serves as the primary hurdle you’ll have to scale.There is a definitive process that allows you to get the final price right for the best used CNC machines for sale, avoiding traps like overpricing and traditional marketing advice.
Here are a few measures to keep in mind when planning your sales strategy.
1. Operational efficiency
A second-hand CNC machine that is well maintained is a productive investment for any business. It is essential to ensure regular maintenance for your CNC machine to keep every component in working order so you won’t have to sell it for almost anything when such a time comes.
Further, ensure to keep a detailed paper trail of all the maintenance you’ve availed for your CNC machine. Keeping a track record like this guarantees the sale to be transparent and trustworthy for all the efforts you’ve put in to maintain the efficiency of the CNC unit.
2. A clean machine is a mean machine
CNC machines are subjected to the accumulation of stray shavings and material particles during every machining procedure. As its owner, you should ensure to clean your unit at the end of the day and regularly after a few machining orders to keep the shavings from getting stuck in the crevices of the CNC machine.
Once the stray particles enter the inner mechanism of the CNC unit, wear, and tear of the components increases drastically calling for emergency breakdowns and resulting repairs.
Merely maintaining the hygiene in and around your CNC unit assures its performance, healthy lifespan, and enhances its value for when it might be put up for sale.
3. Playing the overpricing card all wrong
The market is influenced by a wide range of variables other than just second-hand machine dealers. A high price for your used CNC unit might not resonate with potential buyers eager to pay the fair price.
Study the market of equipment sellers when setting a fair price and value your machine competitively to entice the buyers so you can sell your stock faster.
4. Age and Condition
Sometimes, you purchase a CNC unit and use it sparsely only to find the need to sell it soon after. Such machines with a record of less use and good working condition are valued within the network of used CNC unit buyers.
Always ensure to keep a record of the technical specifications and original papers of the CNC unit from its first purchase. The documentation is one aspect that proves your machine’s efficiency and purchase value.
5. Anticipating market demand and supply
If you want to make the most of your sales, never jump into one without studying the market conditions. Avoid making sales when the demand for similar machines is low and when there are numerous similar models available for sale.
If you do put up your used CNC unit on the market with unfavorable conditions, chances are you’ll have a hard time getting the right price for your unit.
6. Economic conditions
Similar to market demand and supply, always keep an eye out for a recession in the equipment sales and purchase market. At the first note of production getting hit, the product demand decreases. When expansion begins, demand increases dramatically pushing manufacturing and sales, full steam ahead. Aim for the right time to make the sale happen.
When dealing with used CNC machines, always work with a mindset to give or take only what you would expect for yourself. If you expect good quality when buying a used CNC machine for your business, give good quality when selling, and vice-versa.