It’s a fact that is known that it’s not easy to obtain external financing for the purchase of used machinery. The explanation for this – any item that has limited and has gone through its cycle of usefulness or no value will not find backers. When a purchaser chooses to find a bank willing to
It’s a fact that is known that it’s not easy to obtain external financing for the purchase of used machinery. The explanation for this – any item that has limited and has gone through its cycle of usefulness or no value will not find backers. When a purchaser chooses to find a bank willing to provide financing, the terms are strict – not really you could blame it on the lender. All depends on the bank’s appraisal of the machine’s value. In the same time, it’s also true that buyers of machinery are businesses which can’t buy systems by themselves, they need financing.
The same holds true for vendors and the producers, they need liquidity boost the capital budgets and to run operations. Since the machinery market functions in a fashion that is decentralized, it drawbacks and benefits. The edge is that you may always land incredibly good deals if you are looking at the proper place. The downside is that it is difficult to know where to take a look at any point in time. The development of the world wide web has facilitated transactions and also info exchange, but there is no substitute for an experienced and knowledgeable entity that has contacts inside the marketplace, knows the market, and might assess the worthiness of machinery.
By enlisting the assistance of a business, a purchaser can save money and time and make sure that he’s getting good value. There are few firms, which apart from providing excellent brokerage deals in used machinery, also facilitates financial financing for buyers. It is a good idea to enlist the services of large, established traders with a presence in Europe in the used machinery market for plastics, packaging, and the food & beverage segment. Industry acumen and trade relations with various banks are great facilitators for customers. Financial choices can be tailored to their individual needs. As a buyer, you’ve several options to choose from.
These include the purchase, leasing, hire purchase, contract, and renting of machinery. What you ultimately decide to do will depend upon precisely the quantity of funding required, the current financial status, your long term business plans, and loan conditions. Funding choices are many, with a seasoned used machines broker you’re assured of obtaining good financial terms for high remaining value machinery. This implies low monthly payments for the purchaser, reduced risk to get the lender, and useful cash flow to get the seller. Cesar Rodriguez, MachinePoint Chief executive officer, the biggest broker of European used machines for the plastics and beverage industries.