New or Used—Things to Consider When Purchasing Technology for Your Business

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buying business technology

Businesses are always looking for ways to save money. Upgrading your technology is one simple way you can save time, especially if you’re utilizing outdated systems, computers, and tech. For example, optical transceivers can increase internet speeds dramatically, while Arista switches can make your data center run more smoothly.

Unfortunately, upgraded technology doesn’t come cheap. New systems and equipment can cost thousands of dollars, which may make you think twice about whether you really need that new equipment after all.

An easy solution is to purchase used equipment, but is that a good idea? Here are a few things to consider when buying new and used equipment so you can make an informed decision.

Cost

The biggest consideration for every business is cost. You don’t want to end up paying more for a piece of technology if you can get it somewhere else for cheaper. In general, refurbished items are more affordable than new items.

However, it’s always worth your time to compare prices, whether you’re shopping for new or used equipment. Don’t assume just because something is refurbished that is must be cheaper. You still need to compare prices because not all refurbished technology costs less.

Many retail outlets offer discounted prices on new items, especially if there’s a coupon or a special sale. You may also discover the newest version of tech costs less than $100 more than a refurbished old one. In that case, it’s a better deal just to buy it new.

Warranty

When purchasing new equipment, you’ll likely enjoy a generous warranty. If you’re unhappy with the warranty period, you usually have the option of purchasing an extended or additional warranty. Don’t expect a used piece of equipment to come with a warranty.

The exception is if you choose to purchase the equipment from a professional refurbishing company. They are more likely to offer transferable warranties and warranties on repairs. If you purchase used from someone else and something goes wrong, it won’t be repaired or replaced for free.

In addition, you need to consider the return policy as part of your warranty. Some refurbishing companies may offer a generous return policy of up to 30 days, while others may only accept returns for defective equipment.

Dependability

You also need to think carefully about whether the product you’re interested in is dependable or not. That includes:

  • Life expectancy: Electronics are getting replaced more frequently than ever before. Buying used may mean you have to replace it even sooner.
  • Performance: Older refurbished electronics sometimes contain outdated technology. Your operation may benefit more from the latest technology, even if it costs more.
  • Compatibility: If you have an older system, a refurbished piece of equipment might be the better choice. If your system is newer, new technology may be more compatible.

There’s no right or wrong answer when it comes to choosing between refurbished or new tech equipment. When you’re informed with the right knowledge, you can rest easy knowing that you purchased the perfect piece of equipment for your business.  

Author: Susan Melony