Why refurbishing equipment is better than buying new

January 31, 2024

In today’s industrial landscape, managing costs while maintaining efficiency is essential for business success. One key decision that companies face is whether to invest in new machinery or refurbish existing equipment. While the allure of brand-new equipment is undeniable, we’ll discuss in the blog why refurbishing can often be a more cost-effective and equally efficient alternative.



The benefits of refurbishing over buying new


Refurbishing equipment offers the following key benefits that make it a favourable alternative to purchasing new machinery:

  • Cost savings: The most apparent benefit of refurbishing equipment is the significant cost savings compared to purchasing new machinery. Refurbishing can often extend the life of existing equipment for a fraction of the cost of buying new.
  • Reduced downtime: Purchasing and installing new equipment can be a time-consuming process. Refurbishing existing machinery is generally quicker, minimising downtime and maintaining productivity.
  • Environmental impact: Refurbishing equipment is a more sustainable choice, reducing waste and the carbon footprint associated with manufacturing and transporting new machinery.
  • Customisation and upgrades: Refurbishing allows for the upgrading of existing or used machinery, customising it to specific operational needs or incorporating new technological advancements.
  • Depreciation and value retention: New equipment depreciates faster. Refurbished machinery, having already undergone initial depreciation, retains more of its value over time.


Things to consider when refurbishing equipment


When considering refurbishment as an option, it’s important to evaluate the current state of your machinery to ensure refurbishment is a viable option. It’s also crucial to consider the scope of refurbishment needed, the potential upgrades or customisations required to improve performance, and the time needed to complete the refurbishment process.


For those looking to refurbish equipment, ST Engineering offers specialised services to keep your existing or used equipment up-to-date. We help save costs, provide customisation opportunities, and minimise operational disruptions while contributing to environmental sustainability.


Contact the team at ST Engineering and see how they can help you with your equipment refurbishing needs today.


FAQs

  • What is the difference between repair and refurbishment?

    Repair typically involves fixing specific broken or malfunctioning parts of equipment, while refurbishment is a more comprehensive process that often includes replacing or upgrading several components to restore the equipment to a like-new condition.

  • How long is the equipment refurbishment process?

    The duration of the equipment refurbishment process varies based on the complexity of the machinery and the extent of refurbishment required. It can range from a few days to several weeks, with the timeline being significantly shorter than acquiring and installing new equipment. Either way, project managers should prepare for downtime when completing or commencing a project.

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