You pay a good sum of money to buy heavy equipment and when it gets old, you definitely do not want to sell it for nothing. Well, you are correct if you think your machine will fetch a good price even after having worked for you for 5 years or may be more than that. The key is that it should be in good working condition and rest everything would be just alright. Technological advancements do depreciate the price a bit but that does not mean the equipment has lost its shine. If you pursue to keep a tab of people looking to buy the machine, you may come across many. Not everyone would be ready to take it at the price tag that you’ve decided, but you won’t find it too difficult to sell it off.
Apart from selling the equipment, there are other options which you might want to ponder on. If your machine is in excellent condition, you might as well think of giving it on rent and can earn some good money on each and every month. There are many new guys who have entered the construction business and are more than willing to take equipments in good working condition on rent. They can be approached and the equipment can be rented out to them.
Different modes one can choose to sell/rent heavy equipment
- Advertise it in the classified:- Using this option will help you reach to people not only within your city but also outside your city limits. However, it depends mostly on whether you want to do business within your city or you are ok with shipping the machine outside the city. As far as selling is concerned, it should hardly matter about where the buyer belongs to. It’s probably a onetime affair and after you receiving the money and the buyer getting the equipment in proper working condition, the deal gets over and the business is completed.
However, if you are renting the machine, then you’ve to give a thought to ship the item outside your city. Therefore, it’s recommended to mention clearly in the advertisement that you’re looking for people within the city. This will allow the advertisement to reach to people in your city.
- Using the online mode to sell/rent the construction equipment:- This mode allows you to reach a lot of people as many of them remain hooked to internet for such deals. From the perspective of selling the item, you need to post a listing on an online selling website. Make sure you take some good pictures of your listing and the pictures should be authentic. Don’t take the picture of a new piece to deceive others, it normally doesn’t work. Put the features and the specification of the equipment in the description section and quote a price. If you’re selling the item, you can place it under “Buy It Now”, clicking which the buyer would be taken to the payment section. Once he pays for the item, you can make arrangements to ship the item.
You can use the same option to put it on rent. It’s just that the page will not have the “Buy It Now” option. It would be replaced by some other option which will indicate the taker to click on it to confirm the deal. Once that’s done, contact the taker and check when they would be coming down to complete the paper work. A contract is very important when you’re renting your equipment. Make sure you enter all the necessary points in it which are agreed and accepted by the taker. Once that’s done, you can ship the item.