5 Ways to Sell Your Used Equipment
Selling used equipment can be tricky. There are a lot of variables that need to be taken into account when selling used equipment, but with a little forethought and planning, it can be easier than you think. Here are 5 tips to help you used equipment for sale . Rule of Thumb: Calculate Your Equipment’s Net Present Value Net present value (NPV) is the difference between the amount you currently get from an asset and what you would have to pay to get it today. In other words, NPV is the amount you would receive if you sold the asset right now. You can calculate your equipment’s NPV by finding its net current value (NCV), subtracting the amount you’d have to pay to sell it now (purchase or replacement cost or scrap value), and adding the amount you get from other sources (like books and equipment rentals). This number is a good approximation of the amount of money you’d get if you sold the equipment right now. You can use this as a baseline to determine what value to put on your equipment...