Advice For Selling Used Printing Machinery
As set out in our terms and conditions you should always specify your advertisements with the utmost integrity. In addition here are some further points of note:
- Always ensure the equipment you are selling is free from any outstanding finance by a third party institution, such as a bank or other financial institution.
- It is entirely up to you, the seller, to satisfy and negotiate the payment terms. Typically a buyer will pay by bankers draft, letter of credit or otherwise but always seek advice from your financial advisors. It is usual not to release machinery until you have received such guarantee of payment. It is useful to include a description of the schedule you would expect to be followed and also any warranty terms on offer.
- When placing your advertisement please be as descriptive as possible. The more information you give, the better the response rate.
- Always be courteous when replying to any enquiries
- If the item is sold please remove your listing(s) as soon as possible
- If you can supply an independent engineers report it will help the sales cycle
- Remember to factor in costs for insurance, freight, packaging, duty and so on and which party is liable to pay for these items.
Advice For Buying Used Printing Equipment
As set out in our terms and conditions you should always satisfy yourself entirely as to the bone fide description of the machinery and status of the company or individual offering it for sale. In addition here are some further points of note:
- Always make sure the advertiser either owns the equipment advertised or is authorised by its owner to sell it on their behalf (i.e a dealer) If you enter into negotiations satisfy yourself that proof of ownership can be ascertained by for instance, the production of a purchase invoice.
- Make sure that there is no outstanding finance on the equipment for sale.
If you are going to be importing the machine from a different country to which you reside check any duties or taxes that may be payable with your government office.
- Always be aware of currency fluctuations when purchasing from abroad.
- Always try to inspect the machinery in person. Second best is to have an independent assessor to give you a report.
- The most popular and safest method of payment is a letter of credit but always seek advice from a financial advisor.
- Always confirm the terms and conditions in written format order format. Make copies for the seller to complete and sign. Bear in mind what might happen if the machinery is delayed or damaged for example and agree with the seller who is responsible
- Be careful on transportation. Machinery needs to be packaged properly by qualified experts in that field. Make sure you have the correct insurance cover for the method of transportation chosen. If shipping make sure the item is located in the correct place on board the ship, as corrosion can have a detrimental effect.
- In some countries health and safety regulations are different and therefore the machinery may not conform to your countries regulations. For example a guillotine safety guard or a plate loading guard. Also be aware of differences in electrical requirements.
- Finally, make sure you do have the right insurance in place to cover all eventualities.