The chance to get a good price for an item that has turned into a junk is pretty low. You also will not find many takers who would want to buy the item. It does not take much of an effort for someone to realize that he should not pay for a commodity that is old and not in a good state. The owner of the item will have to sell it in a shop that deals with all sorts of junk items as he will not find anybody else who would be interested in buying it. Owners of heavy equipment have often experienced enormous trouble to sell old machines to a new buyer. Contractors are ready to buy old machines but certainly not those machines that will turn out as a liability when they put it to use on the site. Hence a person who possesses a decade old or probably older than that has a problem selling it.
Workshops can pay you more:-
You may have come across certain heavy equipment workshops that repair heavy equipment and also sells them to prospective customer who can’t shell out a lot of money in buying machines. These guys work really smart. They buy really old heavy equipment at a nominal price and then refurbish it by installing latest gadgets and technology. They paint it and give it a new life so that buyers who are not rich enough to afford branded heavy equipment can easily buy it from them. The only problem is you can encounter some or the other problem with the machine at any given point in time. It is absolutely not a reliable piece but it does not mean that there are no takers for the machine. These workshops sell with an assurance that id anything goes wrong with the stuff the owner can bring it back to them and they will repair it for free.
They do not pay you a meager amount:-
If you wonder the price they will pay you for the old metal you can be assured that you will get more than what you will get from a junkshop. The guys in the junkshop will eventually sell it to them. They will just keep aside the profit which can be yours if you directly approach these guys. Start with a higher amount and do not be surprised if they say no. You are just beginning a negotiation and therefore try to begin it on a higher note. They will try to bring down the price to an amount that may not be acceptable to you. This will be the test of your skill where you need to hold your price or let it come go down by few dollars. Remember, it is completely up to you to fix the price that sound to be acceptable to you.
Locating such workshops is not a tough task. What you need to do is visit a few of them before you nail the price.
It is hard to sell an asset that has been with us for many years. We get attached to it and when we think about selling it, it does pain a bit. While we use the equipment, we may not recognize the importance of it and the attachment that is getting developed with every passing day but we think about it the most on the day it is to go to the next buyer. Keeping aside your emotions, it nevertheless important to get rid of it. You can’t go along with a dead piece for long as it will after a certain point of time affect your activity. The same logic is applied in case of heavy equipment. If you have heavy equipment that is way too old and you are not able to function with it any longer, it makes no sense to drag it any further. You have to at some day or the other do away with it. But you should not take long to sell the old machine as you will not find any buyer if it gets completely redundant. You may then have to sell it as scrap and therefore might not even get a good value.
You have numerous options to sell your old heavy equipment. You can speak with people in your business circle and check if there is anybody who is looking for second hand heavy equipment. You will have a lot of buyers for second hand heavy equipment as long as it is in good condition. Nobody would like to buy a machine with defects and therefore you need to ensure that before you speak to people about selling your heavy equipment get it repaired and painted. You can then ask for a good price. Other than that, the person who is referring your machine to the next person also has certain degree of faith on you. You should keep up to his/her trust and give him/her the machine in working order.
Keeping the machine can make it unsellable:-
There are construction companies who after finding the heavy equipment outdated leave it to rot. They must be really busy with work to not get the time to sell it but if you do not sell it on time, there is a chance that it will then become an unsellable liability. You will no longer find any buyer for the machine and this is when you perhaps have to sell it as scrap. This will pinch you as you at least have not wanted that to happen. If you are neck deep busy with work, you can allot a person and give him the responsibility to get it sold. You can just appear on the final day to sign on the sale agreement and take the money.
No one works on outdated heavy equipment:-
As long as your machine is up to date, you will find buyers for it but as soon as it becomes completely outdated, getting buyers will be a challenge. You need to get rid of it before it gets too late.
In the construction sector, you are always in need of heavy equipment. When the construction is at full swing you just can’t afford to go short of machines. You have to be prepared with heavy equipment that are needed for the project and can’t go to buy one at the eleventh hour. It is not that you will not get the machine you want at the eleventh hour but it is just that it will be too expensive for you to afford and you have no option left other than to buy it. It is crucial that you keep on analyzing the ground situation and ask your men to prepare report on regular basis. On the basis of the report and the analysis that you have made yourself, you should come up with a decision to buy machines. This fact particularly shows that there are enormous buyers for heavy equipment. It is just that they are all waiting for a good deal to come their way and once they get a deal that they consider being worthy they simply go for it.
It gives ample of opportunity for sellers who want to get rid of their used heavy equipment. They may want to sell their machines for various reasons. One could be that they have bought a new one and do not see any need to keep the second one sitting idle. The second reason is that they do not want to continue to be a part of this industry which is why they want to do away with their machines. So for sellers of heavy equipment, they can hear a very clear message going to them and that is there is a big customer base who wants to buy second hand heavy equipment. It is just that they should know how to reach them.
Leave an ad on your blog:-
If you are a person who has his blog and is quite active on it, you will certainly have a lot of fan following. You will have readers who read your blog and know you by that. So if you want to sell your used machine, you can write about that on your blog and ask those who are interested to buy it to call you on your number. This is perhaps one of the most efficient and affordable methods to sell your second hand heavy equipment. People who read your blogs and articles will also try to spread the word to other people who are connected to the construction industry. In this way you will never be short of prospective buyers.
Reach out to people on your own:-
You may know a lot of people belonging to the construction industry. Your friends, business partners etc can become potential buyers. Your part of job is to reach out to them and spell out your intention to sell your old machine. If they see a need to buy it, it will revert to you. You generally get someone from your business circle who becomes ready to buy the machine.