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Good equipment management yields more dollars at resale

Used equipment sales started an upswing this spring. May Equipment Watch INDEX reported that nationwide prices and volume increased 0.1% and 9.8%, respectively. Obviously, the best financial position is to gain as much as possible at resale 
to apply toward the cost of another machine. One of the best ways to maintain resale value is well-documented equipment management.

Create a replacement schedule for your fleet.

No matter how many machines you have, planning for how you will recoup machine value across the life of the machine is the
 best way to make sure you get the most from your investment. By looking at depreciation, utilization, cost per productive hour and the projected hours to major repairs and overhauls, you eliminate guesswork and can have a clear idea of when will be the right time to put a machine on the market. Typically, the optimal resale point is when depreciation and repair costs intersect. Should your cash flow situation change, a plan gives you a baseline from which you can make the most advantageous financial decisions.

The advantages of equipment management.
A maintenance history of the machine has advantages for you and potential buyers. Here are just a few:

Watch the EMSolutions (Equipment Management Solutions) video