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7 Ways To Save Money On Business Machinery

7 Ways To Save Money On Business Machinery

Image by Igor Ovsyannykov from Pixabay

Machinery can be a big cost for many businesses – whether you’re buying diggers or computers. Here are just a few ways to save money on business machinery.

Opt for used machinery

You can save a lot of money by opting for used machinery. That said, you do need to be wary of the condition – if a machine has been heavily used it could be more worn and likely to cost more in future repairs. There’s a lot of gently used machinery out there for sale on sites like Gumtree. If possible, always inspect used machinery in person before you buy.

Buy at the right time

When it comes to buying brand new machinery, you may find that it’s cheaper to buy during certain periods of the year such as the Black Friday weekend and the January sales. Take advantage of these sales when they are on.

Prioritise energy-efficiency

If machinery isn’t energy-efficient, it will cost you more in energy bills. Older machinery is likely to be less energy-efficient, so avoid buying used machinery that is very old. Try not to keep machinery running if not necessary – unplugging certain machinery when not in use could save you money.

Know when to hire machinery

When it comes to machinery that you’re only likely to use once or twice, consider hiring this machinery rather than buying it. You don’t want to be spending huge amounts on a machine only for it to gather dust for most of the year.

Take advantage of warranties

Some sellers may offer warranties. It’s easy to forget that these warranties are in place – when a machine breaks, always check whether it’s within its warranty, as this could mean free repairs. It’s generally not worth paying to extend the warranty on a machine.

Source your own parts when making repairs

If you’re repairing a machine and you need a new part, don’t rely on a technician to source this part for you. You may be able to save money by sourcing these parts yourself. You can learn more here about buying parts online. Always make sure that you know exactly what part you need, so that you don’t order the wrong part.

Keep a good maintenance schedule

Keeping machinery well-maintained can increase its longevity. This could include keeping machinery clean and possibly keeping parts lubricated. Make sure that your employees are thoroughly trained in how to maintain your machinery. 

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