Are you a car lover? If you are, chances are you’ve heard the legend of the “Little Old Lady from Pasadena” – a fabled character who bought some kind of incredible car – let’s say a super stocked Dodge, the one with the hemi 426 – when it was first released and then proceeded to keep it garaged practically the whole time, except for the weekly 2 mile drive to church and back.
Collectors are willing to pay astonishing amounts of money for these cars. The Dodge we’re talking about went for over $176,000 at auction – despite the fact that this car is over 50 years old! Why? Because when it comes to classic cars, it’s not the age, it’s the mileage. If a car hasn’t been used a lot, or it’s been scrupulously maintained, it more than holds every penny of its original value.
The same phenomenon is true when it comes to used industrial equipment. As manufacturing machinery brokers, we’ve met a lot of ‘the Little Old Ladies from Pasadena’ – or their equivalent! There are plenty of facility managers who acquired new manufacturing machinery back in the day and throughout the decades that followed made sure it was maintained to the highest possible standards. The result? Today, those machines deliver the same high-performance precision and speed that they did when they were first made.
As business needs change, these older manufacturing machines are coming onto the market. Just like classic cars, there are plenty of people who know that these older machines are incredibly well-built and designed to stand the test of time. The value can’t be beat, either – even if today’s price for a used manufacturing machine is higher than it was when that machine first came out, it’s exponentially lower than the cost of buying a brand-new manufacturing machine today – if such a unit is even available!
Serious car collectors have agents who do a lot of the legwork of tracking down and buying elusive classic cars for them. In the manufacturing world, you can delegate all of the time and effort involved in finding and coordinating the purchase of used industrial equipment to a trusted, experienced manufacturing machinery broker. (link to GreasyMachines home page) It’s the simplest, smartest way to get the used industrial equipment you need at a price you’ll love. Find out more here.