Seeing value in used goods: the most common misconceptions about second-hand equipment.

Seeing value in used goods: the most common misconceptions about second-hand equipment.

The disposal of genuine surplus, redundant or damaged equipment is essential for all sorts of businesses across many different sectors. It could be the cost of storage, the need to update your processing equipment or just the desire for extra cash; there are many reasons a business might need to rid of surplus items.

When equipment is no longer required, it becomes a burden on the business by using up valuable space, time and money; causing a significant increase in operational costs. This is often why businesses disposing of items consistently fail to see the value in used equipment, resulting in millions worth of working appliances simply being thrown away every year.

In a similar light, businesses looking to procure equipment consistently turn their nose up to buying second-hand goods. Even when on a tight budget, most companies would prefer to buy lesser quality equipment at a cheaper price; providing its brand new!

We get it – buying something new does give that premium feel and sense of ownership. Nevertheless, the benefits of buying second-hand goods should not be ignored.

Surplus equipment should be seen for what it’s worth; a valuable asset to any business. Today we investigate some of the common misconceptions about second-hand equipment; we’ll prove to you that second-hand equipment can be advantageous for both sellers and buyers alike.

First off, and probably the most prevalent misinterpretation of surplus or redundant equipment, is..

 ‘It’s not worth anything’:

This is something we hear all the time throughout the industry. However, this is simply not the case. 

Even though assets have run their time with one organisation (and are therefore deemed redundant), it doesn’t mean they’re completely worthless to someone else. Remember: end of life for one doesn’t mean end of life for all.

Even if it’s a bit of machinery that is not functioning as it should, there’s absolutely no reason why it can’t be taken apart and sold for scrap; or repaired and resold. There are many companies or SME’s, especially in international markets, always looking to procure second-hand goods. As a precautionary measure, always ensure you speak to someone about appropriately disposing of your surplus goods. That way, if you do have an item of value that you want rid of, you won’t throw it in the skip without having batted an eyelid.  

There’s also a general consensus that:

‘Nobody want’s second-hand equipment’

Most companies wanting rid of their equipment think that is has no use anymore. In truth, though, there is a countless number of people who set out to buy second-hand goods only; both in the UK and Internationally. If you’re one of these companies, don’t automatically assume that your equipment should be thrown in the skip. Do some research and find out if there seems to be any interest for similar items online!

Even if there aren’t any ‘buyers’ of your particular item, donating it to charity would be a much better option than throwing it in the skip and letting it go to landfill. There are many charities dedicated to taking second-hand goods and shipping them abroad – check out https://workaid.org/how-to-help/donate-tools/ for example.

Also, with the ever-growing need for us all to adopt more environmentally friendly initiatives, surely this can only help your business to ‘do the right thing’, become more sustainable and massively reduce operational costs.

Finally, many businesses in search of replacement equipment always turn their nose up the used goods.

‘Second-hand items won’t last as long as new ones’, is a phrase we often hear.

This is especially the case within industries utilising heavy duty machines, fitness or catering equipment (but also for other disposal items too!); many buyers think that, by purchasing used goods, they would be put in a position whereby they would need to replace the items much sooner than you’d need to had you opted for new machinery.

However, this is simply not true. Second-hand goods, providing they’re well designed, well-built and high-quality, can last just long as brand new items. Not only that; they’ll save you an absolute fortune and they don’t depreciate like brand new goods do.

Ultimately, seeing the value in second-hand goods is a beneficial mindset to have for both buyers and sellers. It’s a win-win!

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