Rely on the experts
Relying on an outside expert, such as an equipment distributor, to evaluate the machine can help identify hidden issues such as hard to find or too expensive parts. When looking for an outside expert, rely on a company that has the capabilities of repairing, refurbishing, selling, dealing with trade-ins, or scrapping the machine for you. Most of the time, these outside experts offer their services free of charge in exchange for the opportunity to quote on selling the old machine or fixing it.
The outside expert should be able to provide a quote on the total cost to refurbish. Knowing the cost to refurbish can also give an idea of how much the machine might bear on the open market. Sometimes, the cost to refurbish would be more than what the machine would be able to sell for on the open market. In this case, the outside expert should be able to advise as to the best options open to the company, whether to refurbish, sell, scrap, or continue to use in production. If the decision is to sell or to scrap, the outside expert should also be able to guide the company in the process and even assist in the sale. The outside expert, a machine distributor could handle the details in a more financially expeditious and faster way than tying up busy company personnel.