When you’re looking at used equipment for sale for your medical practice, it can be really tempting to buy machinery at medical equipment auctions for a low bid. But what do you know about the used machinery? How do you know it will provide quality service for years to come? In this article, we’ll discuss the ins and outs of medical equipment available through equipment auctions and how to determine whether you’re getting a good deal or a poor investment.
How to Evaluate Used Medical Equipment Auctions
- Is the equipment free of any legal or financial encumbrances? This can include financing that was taken out to purchase the equipment, the equipment being used as collateral on another financial agreement or liens placed on the business that would cause problems with proving ownership down the road or requiring a financial arrangement to release the lien or agreement.
- Do all the features work correctly? If some of the features are broken, it may prevent you from getting full use out of the machinery. If you don’t use those particular features in your work, you may be willing to overlook the damage, but what does that say about the machinery as a whole? If one part of the machine hasn’t been fixed prior to the auction, how do you know the rest of the features have been properly maintained? Are the necessary features also bordering on breaking down?
- Can you see the records of when the used machinery was first put into use or how often it was used? What about a log, bills or receipts that demonstrate regular maintenance and repairs were undertaken when needed? This will give you a better idea of how well the machine was maintained and whether you can expect premature failure of the entire system due to negligence.
- What condition are the controls in? If the controls are in rough shape or if there is damage to other parts of the used equipment, it may be a sign of abuse, indicating that the machinery may not hold up to the tasks you’ll need it to perform, that it will fail prematurely or that it may not be able to be operated safely for either your employees or your patients.
- Is the wear on the machine in line with what you’d expect for the amount of work it has performed? If there’s a lot more wear on the controls than the reported usage would justify, there could be an error, intentional or unintentional, in the records associated with the used machinery you’re considering. If something just doesn’t seem to add up, walk away from the sale.
- Can you get straight answers on any particular questions you have? If the seller is dancing around your questions, walk away from the sale. They probably know something you don’t about the expected future use of the equipment that will impact its performance.
- For imaging equipment, can you get a video or examples of how well it works? By getting a few images, you can determine whether the machinery is working properly.
By keeping these tips in mind, it’s much easier to ensure that you’re making a smart purchase when visiting medical equipment auctions. If you feel that these auctions are moving much too quickly to get the information you need or that your local auctions will not have the necessary equipment you’re seeking, why not consider online auctions through a specialty site?