For anyone who wish to start off their own vending machine business, but lack the necessary funds to establish one, buying off used vending machines is a great alternative instead of purchasing a brand new one.
However, as with buying off any second hand objects, care should be followed when buying pre-used vending machines, to assure you that you’ll get the most out of your vending machine, especially if it’s used. Here are some pointers that you should consider if you want to start a business with used vending machines, and make your money’s worth on them.
- Price should be Lesser than a Brand-new One
- Examine the machine carefully
- Always Purchase the Same Brand of Machine
- Ask for the Warranty
- Weigh in All the Factors before Making your Purchase
Obviously, it’s not going to work if the used vending machine being sold costs more than a brand new vending machine, even if it’s only “slightly used”. Because that’s the reason on why you opted for buying a used vending machine, because of the general belief that it’s much cheaper.
Being a second hand vending machine isn’t an excuse if the machine has some faulty functions that may severely affect your business. You need to make sure that, despite it being used, it should still be in good quality, and all the functions expected of a vending machine working properly. This is especially the case if you’re planning on buying multiple vending machines from the same dealer. You’ll end up expending more money in the long run if the vending machine you purchased ends up with some defects during its work lifespan.
If you already have existing vending machines at your disposal, and you’re just looking to expand your business by purchasing more vending machines, then its better if the used vending machine that you’re going to purchased is the same brand as your existing lineup. This will save you up on some extra work in learning how to maintain your vending machine, as since you’re using the same brand, you don’t need to learn new things for your new vending machine lineup.
All purchased goods, especially utilities, should have a warranty, whether new or used. Especially with vending machines, since your vending machine is the core of your business. If you’re purchasing online, you should make sure that the dealer has good reputation to back up their claims. If possible, you can ask the dealer to see if they’re certified, or you can look for some testimonials to see if the dealer is in good standing. The assurance that your used vending machine is fully working to your expectations will give you peace of mind on your business.
Even if you’re assured the used vending machine that you purchased is in good working condition, you’ll still need some restoration work to set it up and get it working to its optimal performance (though the lesser restoration work, the better). For this case, factor in all the restoration work that you’ll need for the machine, and add it up to the cost of the purchase, to get the total amount of expenses for the machine. If the total expenses is worth more than the price of a brand new vending machine, then the purchase definitely isn’t worth it in the long run.
Victor McNamara works at Vending World. Vending World is a leading distributor of used vending machines. They have sold vending machines since 1968 and can fill almost all of your general vending machine needs.