Some Common Misconceptions About Used Process Machinery
Whether you are a pharmaceutical manufacturer or a food manufacturer, it's impossible to run a processing operation without the proper process machinery. They are responsible for various processing operations like grinding, filtering, etc. Many manufacturers buy used machines because they are more affordable than newer models. But many feel skeptical about used equipment because they fear that it may be unsafe or break down soon. On the flip side, many people assume that old machines don't need to comply with modern safety standards. It's important to clarify these misconceptions so that you can decide whether to buy used machines or new ones.
Misconceptions About Used Process Machinery
Old Models Don’t Work As Well As New
People tend to associate the word ‘used’ with low quality. While pre-owned machines are likely to suffer some wear that may affect their longevity or efficiency, they can work just as well as newer models. The models that are just a few years old may give just as much output as their new counterparts.
Large-Scale Manufacturers Only Buy New Process Machinery
People tend to think that large-scale manufacturers only buy the latest equipment because they want better efficiency and have the budget for it. But just like small and medium-sized factories, large factories (including the Fortune 500) also purchase pre-owned process machinery. It helps them save money. The machines usually work just as well as their latest counterparts, giving them similar outputs.
Insurance Companies Only Cover New Machines
You can avail of insurance policies for pre-owned machines, as long as you can submit the proper documents that you need. The premium charges may be lower than for new models because of the machine’s lower price, which will help you save in the long run.
Pre-Owned Machines Lack Proper Documents
While many dealers and owners take a loose approach to maintaining documents related to the model, many dealers keep their paperwork detailed. You can check the paperwork to see how often the model breaks down and what sort of maintenance it requires before buying it.
Used Equipment Depreciate Fast
Used equipment depreciates at a very slow rate, you may be able to sell it at the same price that you purchase it at. In contrast, new equipment depreciates in value very quickly within the first year after installation. Its value may drop to sixty percent of its original price before slowing down after the first year.
OSHA Doesn’t Cover Old Machines
Many people think that old machines don’t fall under the safety standards set by the Occupational Safety and Health Administration. While OSHA does have grandfather clauses for old machines, they only apply to the ones that were installed before the latest standards. Even then, the machine must comply with the safety standard set at the time when it was installed. Plus, the clause may have expired or may not exist. So if you buy a used FitzMill, then ensure that it meets OSHA’s guidelines.
Old Equipment Lack New Features
People tend to expect nothing but the most basic features from old models and look to the latest models for cutting edge technology. While the logic is sound, you might be able to avail of cutting edge technology at lower prices by buying a model that’s only one or two years old.
Pre-Owned Machinery Doesn’t Come With Warranty
Pre-owned machines may come with an extended warranty from the manufacturer or the supplier if they perform the proper checks and maintenance to get it running. You should ask about the warranty before buying the machinery.
Second-hand Machines Have Run Their Course
While many models available in stock are close to the time when they’ll be beyond repair, many machines still have years ahead of them. Second-hand suppliers get pre-owned machines no older than a year or two from factories that have shut operation or replaced them with better models. You should check how old a used Fitzmill is when deciding whether to buy it or not.
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