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 when listing it for sale.

Don’t be afraid to price your equipment accurately

You must price your equipment correctly. If you price it too low or even too high, you’ll end up with a lot less money in return for your used equipment. If you price it too low, there are a few ways it could end up being a bad idea: You may get a lot of requests for the item, but few serious buyers. You may end up with a lot of unsold items collecting dust in your garage, which takes up valuable space and costs money to store. You may end up taking on too much debt or even having to close your business because you’ve over-priced your equipment at the outset. On the other hand, if you price your equipment too high, you risk selling the items for less than you would have gotten if you’d priced them lower.

Make sure to list all your equipment in good working order

If you’re selling a single piece of equipment, you don’t have to include a full list of parts and accessories. If it’s a large, multi-system piece of equipment, though, you’ll have to list all the parts in your possession. While you can list the equipment in any condition, you do have to make sure it’s in good working order. If there are any significant issues with the equipment that would lower its value, you should mention them in the listing.

Include some extra goodies when listing everything for sale

Unless you’re selling off a few old pieces of gear from your garage sale, you’re probably going to have to list your used equipment with a third-party auction system or at a local yard sale. In these cases, it’s a good idea to include a few extra goodies with your listing. You can do this by including extra parts or accessories in your listing. Some examples of this are: A copy of your most recent annual inspection report. This is particularly important if you’re selling off used industrial equipment.

Estimate the bottom-line cost of your used equipment before listing it

If you’re selling off a single piece of gear, you can get away with guesstimating the bottom-line cost of the used equipment. However, if you’re selling a larger collection of used equipment, you’ll have to include the bottom-line cost of everything included in the sale. This will give the third-party auction system or yard sale host an idea of what the total cost is of selling off everything. One thing to keep in mind when estimating the bottom-line cost of your equipment is that you have to factor in taxes, fees, and any applicable insurance costs. These are things you won’t know until you take inventory of the included items.

Bottom line

As an out-of-the-way seller, many potential buyers don’t know your business even exists. That’s why it’s important to get the word out about your sales and clear the clutter from your garage. Make the most of social media by sharing the sale on your company’s Facebook page, Twitter account, and LinkedIn page. Create a direct email for interested buyers to send their inquiries to, and include a link to your website. You can even consider partnering with a third-party marketing system to help with this. When you’re ready to start selling your used equipment, follow these tips to make the process as smooth and profitable as possible.

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Location: Syracuse, NY, USA

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