Used equipment isn’t most people’s first choice. But purchasing something that’s pre-owned, that’s proved its worth, and is less expensive than something brand new but still performs the same? Now that is a smart business decision.
Of course, some people aren’t comfortable with the idea of pre-owned equipment. They are suspicious that something pre-owned might require repairs that cost more than it is worth, or that over the long term won’t work as well as if it were new. Anyone who has bought a used car that turned out to be a lemon is haunted by this attitude. On the other hand, a lot of people have bought brand new cars that turned out to be lemons.
Moreover, as CNN Money points out, the potential that a used car will turn out to be a maintenance nightmare is more unlikely than it used to be. For one thing, today’s cars are built better and are more durable. Plus, the Internet makes it easier not only to track the history of the car and identify any problem issues, but also to check out the dealer’s reputation. Most manufacturers offer pre-owned certifications that the cars are “as good as new,” with warranty coverage for at least a year. Moreover, the number of cars coming off-lease every three years creates a large inventory that manufacturers are eager to unload at significantly lower (as much as 40 percent compared to new) and competitive prices.
The same can be true of a lot of office equipment. Does your staff really need the latest iPhone 6, or can the 4S provide the same mobile communications functions? Is it really going to hurt your corporate image if your office furniture is pre-owned?
Related Article: What Style of Office Furniture Is Best for Your Small Business?
Pre-Owned Equipment is Less Expensive
There are a lot of good reasons to purchase pre-owned equipment for your business. The main one is that it’s less expensive than buying new. One major hardward distributor notes that the secondary market is well-established, that equipment is warrantied, and that you can save as much as 75 percent over new equipment.
Also keep in mind that, just like a car, new equipment decreases in market value almost as soon as you buy it. And there’s often more room to negotiate price with pre-owned equipment than new.
Used Equipment is Environmentally Friendly
From a marketing perspective, perhaps the only thing better than saving money is saving the environment. As smartphone reseller Gazelle points out, buying recycled or pre-owned electronics significantly reduces tech waste that involves potentially hazardous chemicals and metals. A good portion of this waste ends up illegally dumped in developing countries, The Guardian reports. Purchasing pre-owned electronics gives you green cred by keeping potentially dangerous materials out of the waste stream and encouraging the secondary market of recycled and pre-owned equipment.
When is New Equipment Better?
New equipment often incorporates features that can make you more efficient, or provides a better fit with customer systems, or just has the latest technology you need. If your budget can handle it, and your business really needs it, it is also a good idea to buy new. Besides, at some point you can always recover some portion of your investment by selling it to someone else.