Do not keep old heavy equipment for long – Sell them off

To expect a re-sale value on a used commodity is not wrong but if
you expect to get a good price on an item that has nothing left in
it, you may become highly disappointed. When it comes to heavy
equipment you will also come across people who do not believe in
buying new stuff. They see profit in buying old machines,
renovating them and make them new. In this way they get heavy
equipment at a cheaper price. But these guys do not buy machines
that are extremely old and has absolutely no use. You can’t do any
modification on them nor are they compatible for installing any
modern features. It is just scrap and needs to be re-built all over
again. This means that the seller if tries to sell such a stuff
will get nothing but peanuts. List it in an auction site:- There
are plenty of online websites that deals with auctioning heavy
equipment and its parts. You can select one such site which is
popular with people and list your heavy equipment out there. Please
do mention the model number and the year the machine was made. Do
mention about the recent changes that you have made in the machine.
For instance, if you have painted the machine or have replaced any
critical part of it that needs to be stated. The members of the
site should know about the improvements that you have made on the
machine. It will only help them to gain confidence on you and your
product. Sell it to a friend or amongst your peers:- This is
perhaps the safest way to sell your used heavy equipment. Your
friend might have a need for the equipment and he has a lower
budget. You can help him by selling your stuff at a lesser price.
In this way, you do not have to hang around looking for buyers when
you have one next to you. Let your friend inspect the machine and
if he find it worthy, he will make an offer. However, if you offer
him to buy quite an old model, he might not show any interest. For
that matter, nobody will show any interest if you sell machines
that are way back in time. They need machines that can support the
modern technology and are also less expensive. Sell it to heavy
equipment workshop:- If you do not get any buyer for your heavy
equipment, you can sell it to a guy who runs heavy equipment
workshop/company. They might be interested in buying it but they
will not be ready to pay you the price that you expect. Ideally,
these guys are the last option that people go for and they also
know that. If you have to really do away with your machine and are
not getting any takers then you have to take this as an option
rather to sell it as scrap. These guys will anyways pay you more
than a scrap dealer.