Buying used vending machine – a good way to get the most for your money.
Vendors would love to buy all their vending equipment new. It’s new fresh out of the box fix all the updated technology. There’s not a ding or scratch. . But all that comes at a significant cost – both upfront in sticker price and taxes, and hidden in depreciation.
And cost aside, with so much quality used equipment for sale on the market at any given time, some believe there’s really no need to buy new. Here’s a look at 5 big advantages to buying used equipment and trucks over new.
1. Lower cost
Buying a new piece of equipment is a significant investment that can easily eat up money better spent on purchasing more machines, parts, or maintaining vending machines you already have.
The cost of one new vending machine could equate to two or more used machines.
2. Avoid initial depreciation
New vending equipment are no different than new cars in that the minute you drive them off the lot, they depreciate in value – as much as 20% to 40% in the first 12 months!1 Buy used vending machines and you’re avoiding that initial depreciation.
3. Used vending machine holds its value
Although, used vending machines has depreciated, it can hold its value if it’s well-maintained. When it’s time to sell, it’s actually possible to get close to what you paid if you sell at the right time, to a market where your equipment is in demand.
Keep records of your regular maintenance schedule, and document all service and repairs for future buyers to see.
4. More choice
The used equipment market is massive, to say the least. And that’s good news for buyers. That means more choice of equipment than any one brand could ever offer.
5. More flexibility
Buying used equipment offers a high degree of flexibility for your business. If you have short term contracts that require a specific type of machine, you can acquire it relatively quickly.
Buying new can mean long wait times for equipment orders and a significant loss in value from the time you buy to the time you sell.
Get the equipment you need at a price you can afford
Used vending machines offers a great alternative to buying new. And if you finance your equipment purchases, you can spread the cost out over years—saving your cash to run your business.