Everybody knows there are lags right now in the industrial world. In fact, there are lags everywhere you go. Shipping is lagging. Raw material availability is lagging. Unfortunately, these lags can cost a lot of money in terms of lost productivity and lost potential customers. What can you do?

If you are seeking injection molding equipment for plastic processing, looking at used equipment instead of new maybe your best solution.The Immediate Benefit of Buying Used Injection Molding Equipment injection molding

Why is it beneficial to invest in used rather than new equipment? Here are some things to consider.

It Is Ready and Waiting | Injection Molding

Unlike new equipment, which is impacted by all of the potential lags mentioned above, used equipment is ready and waiting to be used. If you buy from a reputable company, you will be given a record of what was done to renovate the equipment, and you will be able to test it to make sure everything works. 

Tried and True

Manufacturers often add “bells and whistles” to new equipment to make it more attractive. While this works well sometimes, new gadgets and features can also buckle under pressure. With a used machine, you know it has already worked on a factory floor, and it’s in good enough shape to work yet again.

No New Training

New equipment sometimes requires training, even for your most seasoned veterans. Understanding your team’s strengths will enable you to pick used equipment they already are skilled in using, which is yet another way used equipment can help you save time and money. 

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No Extra Help for the Tax Man

Purchasing used equipment will often equate to a lower price than purchasing new equipment, which also means you will not owe as much in sales tax as you would if you purchased new equipment. Less taxation is always a strong reason to con

sider purchasing used or renovated equipment instead of new equipment.

Depreciation is Not a Concern

As you know from purchasing a car, the value begins to depreciate as soon as you drive the car off the dealer’s lot. The same holds true for new capital equipment. After a year, you might already be beyond ever making money on your purchase, and as an extra insult, you may still be paying it off! Instead of this scenario, invest in used equipment and avoid the depreciation issue altogether. Jump right in and incorporate your purchase into your shop.

When you purchase used equipment, your addition to your inventory starts working for you right away. You have operators who know how to use it, you know that it is working properly because you purchased it from a credible company, and you know exactly when you can work it into your processes. The mystery, the waiting, and the complexity that new equipment can bring are no longer factors.

Make sure to do your due diligence in selecting a used equipment company that has an impeccable reputation, and be sure to have all of your questions ready. In the end, making a purchase of used equipment can save you money over the long term. 

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