In order to be successful in business, we need to be a tad prudent with how money is spent or re-invested into the business and purchasing. Is purchasing a new piece of electrical equipment the best investment, or does capitalizing on an opportunity to purchase quality refurbished electrical components at a significant savings make a viable economic sense?
Pros and Cons
Buying refurbished electrical components has its pros and cons. The pros, it is a great way to save money and in most cases the brand name equipment are built to last. Cons, it can mean money down the drain only when you don’t buy the electrical component from a reputable source and you could end up with an item that is even more damaged or missing integral parts.
Surplus electrical components can come from a few locations:
- Assets are recovered from manufacturing plants that are closing. The surplus electrical components are then refurbished and sold at a discount.
- Assets can be recovered from machines that are being disposed of but still have working components. Resulting in one of two situations, the components are refurbished and resold or the entire machine is refurbished.
While one of the benefits of buying reconditioned electrical components is that the items are generally set at a significantly lower price and some equipment contractors will accept returns if an item is ‘defective,’ the down side to this is that you will not get a manufacturer’s warranty.
What Does Reconditioned Mean?
Reconditioned electrical are components that are being repurposed. They can’t be passed or sold as brand-new products but are instead reconditioned. Whether they are damaged or not, reconditioned electrical components also known as ‘remanufactured’ electrical components are completely disassembled and restored if need be in order to ensure that they perform as expected.
Therefore, before bidding on refurbished electrical components online, there are a few things to keep in mind and if possible ask questions about the item on sale. If it’s a refurbished electrical component be sure to ask about the companies return policies.
Be Cautious Where You Get Refurb Parts From
For a refurbished electrical component, beware of as it may arrive in worse conditions than the actual online photos however you are guaranteed of its safety and reliability. With most resellers and reconditioning companies, you will not be stuck with a defective refurbished electrical component if it is in fact not the right component to fix your machines issue. An ad may give you all the specifics about the item you are about to purchase and check the seller’s feedback and buyers’ recommendations. It is important to buy from reputable companies. This helps to ensure that the reconditioned components that you are purchasing are as good as brand-new OEM electrical parts.
Learn more about J & P Electrical Company and their vast line of new, surplus, and refurbished industrial electrical components including: circuit breakers, bus ducts, bus plugs, disconnects, fuses, panel switches, tap boxes, and transformers at www.jpelectricalcompany.com. To contact one of our product reconditioning specialists, call 877.844.5514 today.