Starting a production or manufacturing company is a big financial commitment. There are very big investments in designs, buildings, and equipment for production. Then, there is still the need to invest in packaging machinery, which needs to be carefully selected to work with the speed of your production lines.
For many startup manufacturing or production businesses, the temptation to try to cut costs by purchasing used packaging machinery rather than buying new is a big issue. However, by considering the pros and cons of each, it won’t be hard to make the decision that makes the most sense for the short and long-term success of your business.
Actual Costs
While the price of used equipment may be lower, the costs will not be over the long run. The new equipment will arrive with you from the manufacturer where it will be installed and will be guaranteed to operate to the capacity, and for the applications, it was intended. There will also be a warranty as well as top customer support and service if you are wise in selecting a top manufacturer.
With used equipment, you are on your own once you pay. Often it will be the buyer’s responsibility to arrange shipping, which is an additional cost to consider. There will be no customer support or service and, if you have installation problems, there will be the need to hire services to complete the installation or to make necessary repairs.
Life Cycle
Another consideration with new packaging machinery is the duration of the life cycle. With top equipment that is properly maintained, you will have years of operation before there is the need to consider repairs or replacement. This will drop the annual cost of the item over the long term. It will also have the latest in technology and options, which can increase production rates.
Used equipment is typically already close to the end of the life cycle. It may or may not have current features and options, but it is definitely more likely to need repairs or replacement years earlier than brand new. This, in turn, often makes it a higher
