There’s no denying that buying new comes with plenty of benefits. However, that doesn’t mean it’s the right choice for your business. There are plenty of benefits of buying used too!
Whether you are interested in equipment restoration and want to know exactly how to restore items on your own, or you are interested in buying used items that have already been restored by a professional, there are plenty of reasons why this might be the best choice for you and your business.
Save Money
There are tons of ways you can save money for your business. Chances are, you have tried quite a few of them. One of the best is buying used items.
Used items always cost less money than buying brand new. Depending on what you’re buying, you could save thousands off of the list price, which is money you can reinvest into your business in other ways.
Worried that the quality of the items will reflect their price? Make sure you turn to reputable restorers, and you should ask if the item comes with a warranty or a guarantee. Quality sellers will always back their items with some kind of policy that enables you to get your money back or have the item fixed.
Another tip is to buy used—but barely. Many items are returned almost immediately after they were sold because the buyer decided it wasn’t right for them, or a small defect was present that was easy to fix by the supplier. You can save a lot of money on something that is essentially new anyway!
Get More Features
Sometimes, it isn’t a matter of saving money. You’ll end up spending the same amount whether you buy new or used, but what you buy may be completely different.
Because new items always cost more, you may have to make some sacrifices on the model and features you want. That’s not the case if you decide to buy used. Because used is always cheaper than new, you are more likely to afford all of the features you want. You may spend the same amount of money, but you’ll end up buying a higher quality product that provides you with all the functionality you need.
Reduce Depreciation
If you’re interested in buying machinery or technology that you eventually want to resell yourself in the future, you may want to consider buying used from the very beginning.
Many items depreciate in value the second they are purchased. Cars are the most well-known example. They depreciate in value over 10 percent just because they are driven off the lot!
You will get more bang for your buck when you purchase a used car, and you’ll get more money back compared to what you spent when you’re ready to sell it. The same is true of equipment and other items that are used in business. Buy the team slightly used tablets and invest in high-quality, used manufacturing equipment. When you’re ready to upgrade, you won’t lose as much money when it’s time to sell.
No Waiting
Buying new can be exciting, but it can also be frustrating to wait. Certain items and equipment can’t just be picked up at the store. Instead, you have a place an order and wait for it to be manufactured and shipped.
That’s not something you have to worry about when you buy used. Inventory for used items is in-stock and ready to be purchased. That means you can get what you need in a matter of minutes if the item is in town. If it’s being shipped, you’ll get it in a matter of days instead of waiting weeks, or even months.
Smaller Carbon Footprint
Another benefit of buying used is a smaller carbon footprint. Not only will it make you feel better about operating your business, it’s also something consumers are looking for.
When you buy used, there are multiple ways you can reduce your carbon footprint:
- New resources weren’t used to manufacture the item
- There is no additional pollution generated in their creation
- They don’t come with excess packaging
- They prevent perfectly usable items from entering the landfill
It’s okay to have some reservations about buying used. You don’t want to waste your money on an item that won’t work shortly after you buy it! However, when you do your research and choose the used items that you buy wisely, you can save money, get more features, go green, and much more.
