From collectibles to cars, buy and sell all kinds of items on eBayWelcome! Sign in or register.
aAdvanced Search

Reviews & Guides

Write a guide

BUYING USED RESTAURANT EQUIPMENT ON E-BAY #2

by: ohioequipment( 78Feedback score is 50 to 99) Top 10000 Reviewer
3 out of 3 people found this guide helpful.
Guide viewed: 659 times Tags: lincoln | middleby marshall | hobart | taylor | coldelite


BUYING USED RESTAURANT EQUIPMENT ON E-BAY #2

I noticed someones posting about used equipment listings / warranties.

Here is actual cited text (this is posted not to mock another reviewer but to make a better point - I hope that original poster will not mind): "You've seen them.  I've seen them.  We've all clicked on them... links promising restaurant equipment for mere hundreds of dollars.  You're in the market for new equipment at a wholesale price, but you often find a wholesale price on a "like new" or "barely used" unit.  Well, that just won't cut it when a manufacturer's warranty is on the line!  How can you be sure you're actually finding a new piece of equipment?"

While this reviewer is making a nice point there, I can not say that I completely agree to it. Seller is obviously "pushing" for sale of new products. Warranty is nice way to make extra bucks on top of sale (my personal experience: in my past, I worked in sales and you would be amazed how many times I witnessed buyers being scarred  in order to purchase additional warranty). Warranties are nice idea (and great money maker for the one who sell them), but let's be honest: how many times did you actually use one in your life? I did it 2 times in my life: first time my $200 TV started loosing colors and I called technicians to fix it. Worked like charm!  I paid $80 for that TV's 3 years extended warranty. $120 more and I could get new TV. Second time, I had trouble with my home CD player, I called manufacturer, brought CD player to one of stores and they just gave me another-one. Entire unit price was worth less than cost of repairing it.

Now, how is all of my warranty story from above applicable to used/new restaurant equipment purchasing decision? Here is how: there is insane (and I mean that: INSANE) price difference between used and new restaurant equipment. For example, new Hobart 60qt, mixer cost about $14.000. Used-one price varies between $2000 to $4000. I bought and sold loads of Hobart mixers. Let's say about 120-150 in my life. From those 150 mixers, I had very, very few that did not work - I am guessing: 4-5. I also had Hobart power heads made in 1920's (close to 100 years old!) that worked like a dream when I got them.
My opinion on purchasing new or used Hobart mixer for business start-up: USED.
If decide to buy new - buy warranty on $14000 machine? You betcha!

In the case that you may need item (e.a. single full size pan steam warmer) priced $150 new, I would recommend buying it new versus  spending $80 for used-one. Purchase warranty on it? NO.

Food equipment value depreciates so much and in short time frame - I have a feeling that it depreciates fasted and steeper than value of new vehicles.
Buy brand new machine today for $4000, I guarantee you that you will not be able to sell it for $500 in a week. Buy warranty in this case: YES.

It is huge dilemma for a small business owner whether or not to purchase warranty on equipment they purchase, and the best answer on that dilemma would be to use you healthy sense and reasoning.

I hope this helps - please, and if this review was useful/helpful, do not forget to marked it as helpful - it means a lot to me to know that I helped someone.
Thank you & best of luck!

Guide ID: 10000000007054096Guide created: 05/07/08 (updated 10/07/08)

 
Was this guide helpful? Report this guide

Ready to share your knowledge with others? Write a guide



Member Information

ohioequipment
ohioequipment( 78Feedback score is 50 to 99) About Me
See all guides by this member
View items for sale by this memberVisit this seller's eBay Store!
Member has an eBay Storeohiofoodequipment

See member's items

 


eBay Pulse | eBay Reviews | eBay Stores | Half.com | Reseller Marketplace | Austria | France | Germany | Italy | Spain | United Kingdom | Popular Searches
Kijiji | PayPal | ProStores | Apartments for Rent | Shopping.com | Skype | Tickets


About eBay | Announcements | Security Center | eBay Toolbar | Policies | Government Relations | Site Map | Help
Copyright © 1995-2008 eBay Inc. All Rights Reserved. Designated trademarks and brands are the property of their respective owners. Use of this Web site constitutes acceptance of the eBay User Agreement and Privacy Policy.
eBay official time