Don’t Apply for Used Equipment Loan Before You Read This

Rarely do people know, but used equipments can be a blessing in disguise for your business. They can save you a lot of bucks in situations where money is a big deal.

But still there is a unique kind of confusion, a kind of discontent while purchasing them. So, how can we make sure that the product we are buying is actually what we expect? Well there are many things you can do. But here are 5 most useful suggestions from ‘Canada Equipment Loan Experts’ if one wants to buy used equipments:

1. See the Equipment in Person

This is something which should be followed without a second thought. It’s like a protocol in case of second-hand shopping. Therefore, before going any further with the buying process, it is mandatory that you see the material yourself. Avoid using a broker. No doubt, with the help of a broker the material you are looking for can be found faster. Often, it is noted that when the material reaches the final user, it somehow changes in size or quantity.

2. Know the Inventory

It is every important for you to know what exactly do you need. In case of industry equipments, the size matters a lot. A difference of a few inches can cost you more than you think. Let’s say for instance, that you want metal studs of a specific size. But instead of measuring the exact size, you just build a rough picture of them, and go out to buy used studs. But when you try them, you realise that they fit pathetically and nothing can be done now. The only option left is to get a new set. Know each detail of your equipment, and also make sure that the person/company you are buying from guarantees those specific measurements.

3. Back Up Your Purchase

A common mistake people tend to commit is buying only what they need. They forget the extra equipments and parts. For example, if you buy a taper, go ahead to buy some tape heads or maybe if you are setting up a rack. Now, ask yourself if you have row spacers and post protectors? Learn to stock up extra components whenever you find them. In fact, many reputable dealers stock these ‘extra’ items by default. This habit will not only save you time and effort in the future, but will also keep a small stock of accessories for unexpected wear and tear.

4. Refurbish

There is always a slight misconception between the terms used and refurbished. While used equipments are in a great condition to be used. But if you are expecting it to look like new, forget it. So, it’s better to ask for refurbished equipments in order to save money and chances are that they will look good. They will definitely cost less than new, however the difference will be negligible.

5. Utilize Google

Before you buy your product, do a proper research. Dig into their customer history and find their user review/ratings. Dealers who have set foot in the business have undoubtedly the most reputable image in the business. But, if there are no customer reviews, then that should set off red flags right away.

Used equipment can of great help. However, the big deal is to find the right equipment in the right condition. Our company offers great loans and deals on used industrial equipments like machinery and trucks. So, the next time you are hunting for used equipment in great condition, simply contact us. We will be happy to assist you with your inquiry.