Good to know

Why Buy Used?

There are a number of benefits to shopping our inventory of used power equipment. Buying used means more equipment for your purchasing dollar. Instead of settling for a lesser quality unit, buying used gives you the opportunity to get the equipment you want waithout waiting months or years for manufacturing processes.

A few things to remember before buying used equipment

  • All bids are final. You cannot file a dispute or return an item if you change your mind.
  • All of the items on Power Cozmo are sold "as-is, where-is" with no representations, warranties or expectations other than what you see and read on the item's listing page, which includes the description, condition, photos, posted lot Q&A, etc.
  • A minor discrepancy is not considered a valid reason to file a dispute (for example, the unit was advertised as having 10,000 hours and it has 10,100 hours).
  • Damage that occurs during removal or transportation of the item purchased is not covered.

Dispute resolution doesn't have to be complicated.

  • You can make a dispute claim within two business days after the removal date, if:
    • The equipment is not available for removal
    • You can’t take ownership because the equipment has an undisclosed lien or was stolen, or the seller does not disclose the fact that a title/certificate of ownership/registration is not available (note: many items are sold without titles)
    • The equipment’s usage (hours/mileage) is substantially higher than disclosed
  • We manage disputes in cases of seller misrepresentation and help buyers and sellers reach mutual agreement, which may or may not involve a full or partial refund
  • Members who violate our user agreement will be penalized and fined, and may have buying/selling privileges revoked
  • Please note: items are sold as-is, where-is. Sellers are responsible for creating their own lots. Power Cozmo does not warrant the condition of any items nor the accuracy of lots.

Tips for buying used power equipment

  • Research is crucial

    Before buying any used equipment, you should do your research. What is the best type of equipment for your needs? What is the best manufacturer in your industry? How large does the machinery have to be to suit your needs? Try to answer every possible question, so that you can make an informed decision. This will also keep you away from scams.

  • Know what you need

    You have to know what you need exactly. When we talk about industrial equipment, even a few centimeters matter and can add up to more money than you expect. If you are looking for metal studs of 8 centimeters, for example, and you simply use a picture of them when looking for used studs, you might find out that the ones you have bought do not fit the way they should. The worst part is that you cannot return the product. That is why taking exact measurements and knowing what you need is crucial.

  • Used or refurbished?

    These are two crucial terms when it comes to sales. The used equipment has already been used and resold, and it is completely functional. The refurbished equipment has been sent to the manufacturer to be inspected for a resale. So, next time remember to look for refurbished equipment instead of used items. Pay attention to these tips when buying used equipment and you will be able to avoid being tricked by sellers. This will help you get the exact product that you need.

  • Operating hours

    How many hours the equipment has operated for isn't the only factor you should consider when evaluating a machine's condition but, as with looking at miles when shopping for a car, it's a good place to start.

    A diesel-engine machine can last into the tens of thousands of operating hours. If you think it may be pushing the upper limits of hours then you may want to do a quick cost/benefit calculation. This will help you to determine if the money you're saving on an older machine is going to be worth the additional maintenance cost of taking care of something that may break down more often.

    Keep in mind that regular maintenance is still important. A machine with 1,000 operating hours that hasn't been well maintained may be a worse buy than a machine with 15,000 hours.

Tips of selling used power equipment

  • Stop the scavenger hunts

    A factory’s maintenance and engineering team focuses on keeping a facility running. At times, this means "raiding" idle machinery for spare parts to repair other units. These raids, however, hurt the resale process, raising questions with buyers such as, "What is missing that I haven’t noticed?" Selling used machinery that is still installed is critical; it prevents the scavenging that makes controllers, PLCs, drives, parts and resale value from being lost.

  • More time = More money

    By giving your dealer or asset management company plenty of time to do their job, they can create more interest in an item, thus assuring a competitive sale price. So, as soon as the decision is made to either redeploy or to sell machinery, let your machinery dealer or asset management partner know so he is able to do the best job possible.

  • Remember the spares

    As the price of OEM spare parts keeps spiraling upward, the spare parts you have are a benefit to buyers. Providing spare parts also shows new customers how the machinery was maintained and what components were areas of concern.

  • Keep the manuals and prints

    This seems like an obvious suggestion, but you would be surprised by the number of liquidations and redeployments we perform where the machine’s literature is missing. Manuals and prints are valued by the next user, and speed along the resale process.

  • Handle with care

    When you remove machinery from your plant, treat it well. For instance, one company moved idle machinery from two different warehouses without building skids to help the process. The move damaged some items and now, the repair costs overshadow the equipment’s value. Idle assets need to be treated with care.

  • Snap away

    We all know a picture is worth a thousand words. When dealing with idle assets and used equipment, a picture can also be worth thousands of dollars. A photograph lets anyone interested in your equipment see how you maintained the machinery at a glance, along with showing the unit’s options and strengths.

  • Make reassembly easy

    A simple "snip" can create tens of thousands of dollars in electrical work. When you disconnect idle machines, make sure you prepare them to be reinstalled, so they show up at their next facility in good condition, like you would want them to show up at your own door. Instead of cutting through electrical cords, disconnect and label them.

  • Keep samples of the package

    Change parts used with packaging machinery are only valuable if someone else can use them. Since these parts often work with odd-sized containers, we tell our clients to include sample containers with each set of change parts, giving buyers an idea of the part’s distinct capabilities. Some customers even take a sample and tape it to the change parts; this makes referencing easy and lets buyers know more than just the size it was last used on.

  • Clean your machine

    First impressions count, so present the best-looking machinery possible. A good machine that looks like it’s in bad shape may not be redeployed or reviewed in detail. Customers may feel you didn’t maintain its quality, causing interest to wane.