Strategies For Buying and Selling Used Equipment with Ryan Wiegel
MakingChips podcast host, Jim Carr interviewed Ryan Wiegel, VP of Operations and Owner of Wiegel Tool Works about his success at buying used equipment on the secondary market. Manufacturing equipment can be extremely expensive especially if you’re buying new, but how do you save money buying used and still stay on the cutting edge of today’s latest technology? “What my dad always says all the time is, ‘iron is iron, it always gets better with age,’” Ryan told listeners. When the need for used equipment comes around, Ryan sticks to high-end, used equipment and has had great luck striking rewarding deals on the secondary market with the buying tricks he’s discovered. Ryan tells listeners the answers to some of buyer’s most frequently asked questions such as where to look and find used machinery equipment, how to get started in the process, the dos and don’ts, and how to know if the used equipment is quality machinery as advertised to ensure it’s a good purchase for your company. He also shares his thoughts on equipment auctions, his personal success stories, tips on price negotiation when selling equipment, using social media as a sales channel, and more.
Listen to the interview at: MakingChips