Finning is introducing three new options for customers to buy and sell pre-owned machines in response to a booming used equipment market that is projected to grow to £505 million by 2028.
These options include a traditional trade-in, direct purchase of used machines, and a brokerage arrangement in which Finning sells the equipment on behalf of the customer.
In the trade-in model, customers can exchange their existing machines at selected branches across the UK and Ireland when they’re looking to buy a new one but can continue to use their machine until the new one arrives.
Otherwise Finning will buy used machines directly, without the customer needing to buy a new or used machine, or sell the equipment on behalf of the customer for an agreed fee. During this process, the customer can continue to use the machine and decide to accept or reject any offers.
Finning’s process is designed to be fully transparent for customers. After inspecting a machine, Finning provides a valuation which they commit to, allowing customers to realise the capital in the machine quickly.
If customers wish to keep the machine for an additional period before selling, Finning will project what the hours will be for that future period and adjust its price accordingly, giving the customer total control of what they are realising.
