Heavy machinery is an important commodity that usually comes with a hefty price tag. It is designed to last a long time and is most often expected to last many decades. When a project is finished, it may be resold to earn back a significant percentage of the original investment.
But, because sales and marketing are obviously not your primary business if you are a contractor, how would you maximize the value of your used machinery, construction vehicle, or equipment?
We’ll go through the best heavy machinery selling tips in this article so you can increase your odds of selling your equipment and get the best possible price for your machinery.
Improve the machine’s condition:
Remember to keep your motor grader, bulldozer, or other heavy machinery and equipment in proper working order prior to listing it for sale.
Cleaning and polishing your equipment, as well as minor repairs such as upholstery repair and decal replacement, is a relatively low expense that can result in significantly higher deals from buyers.
Decide on a reasonable price:
It’s important to set a fair price for your machinery if you really want this to sell out quickly. Consumer vehicles drop in value at a far faster pace than industrial machinery and equipment.
As a result, if the machinery is in good working order and has been efficiently maintained, you should expect a decent return on the initial investment.
The yearly deterioration rate can be calculated by dividing the machine or equipment’s initial procurement price by its expected lifecycle.
This would provide you with a rough estimate that you can compare to the listed sale prices of equivalent machinery or automobiles for sale on the internet.
Get an independent assessment and valuation:
In order to ensure that you are not asking for an unreasonable price, get your truck, backhoe, or grader evaluated by an independent appraiser.
Specialist appraisers will evaluate the machine’s life expectancy and performance, as well as current customer demand, to provide you with an accurate appraisal of your asset. A written evaluation can also be used as a marketing tool to back up the listing price.
Encourage people to buy:
You will facilitate the sale by giving prospective buyers a copy of the service records as well as other supporting documentation along with the written appraisal.
A compilation of recent photos of the equipment or machinery, highlighting the inside, the exterior, and all major functioning parts, is a simple way to show off your asset’s best features.
Encourage serious buyers to review and test the machinery onsite at a time and date that is convenient for them.
Locate an appropriate sales platform:
You may use online marketplaces such as Equipment Anywhere, Equipment trader, and Machinery trader to position an ad for your machines. You’ll hit a large audience this way, and you might even draw customers from other cities or towns. A proper sales platform provides you with a larger marketplace for you to sell your equipment.