Every rewarding industry is dynamic and it requires people who are associated with such industry to change with time and situations. Knowing the construction industry, one will suggest that in order to survive in this industry, one has to keep himself updated and abreast with all the latest developments. It may not be a simple task but when it comes to heavy equipment, one has to seriously follow the mandate of the time. They have to procure latest heavy equipment or even machines that are not pretty old. This often leaves us with the question what will happen with the old machines that we already have in our position. The heavy equipment that you have been using for more than 1-2 decades should be shunted from use and also no operator would like to work on a machine that is so primitive.
You may have the finance to buy new machines but the real challenge would be to do something with the old stuff. Since they are so old that you can’t put it on rent or sell it off to someone who is also on the look of used machines, you are not left with many options. Well, there is certainly something left for you that you can do to get rid of the old hag. There are some companies that deal with very old machines. They buy them by giving a decent price and dismantle it. They pick up the important components from it and using their engineering skills try to develop a new machine. They may not have a band but they also find customers for the machines they have built.
So the first thing that you got to be doing is check out such companies in your area or in your city who buys outdated heavy equipment. You may find some within your city. The next thing that you should do is show them the machine and check how much they can offer you. Try to negotiate with them and see the best price that you can get. You have to try this with all the companies and then sell it off to the highest bidder. If you see problem is ferrying the machine from your place to theirs, you can ask them to come and pick it up. They can even dismantle the machine and pick everything. You take the money and that is it.
One more option that you can take is sell the machine to a scrap dealer but that is not a suitable one and should be only used if you are not finding any company who can buy your machine. If your machine is way too old and none of its parts is in order, it may become a real challenge to sell it off to these companies. They also look for some quality in your machine and if they do not see any they will refrain from buying it. Then you are left with selling the stuff to a scrap dealer who will pay you a meager amount which will not be something delightful.