In general, the used equipment market in Singapore and Malaysia are limited not just for LHE devices.
The buying of a used device is usually done by the aesthetic equipment vendors themselves which can be Lifvation or other vendors. The typical modus operandi would be for a trade-in where the vendor sacrifice some of their profit margin to incentivize the owner to buy new machine. The margin sacrifice translates as a equipment discount.What usually happens to the old equipment? Chances are quite low for an old equipment to be sold.
Most of the time, the equipment are stripped for parts for repairs or field support.For equipment with still some lifespan left, there’s a simple formula to determine the value of your equipment.
Value = $ / lifespan of equipment remaining
Value = Your purchase price * (Year of Purchase – current year + 3 years) / 3
Example:
Purchase Price = S$100000
Current Date = 2016
Purchase Date = 2015
Depreciation = 3 years <Note: 3 years is the standard industry practice. This takes into account technology changes. Some accounting practice takes an extreme measure of 1 year especially in computers & mobile technologies>
lifespan of equipment remaining = (2015 – 2016 + 3) = 2 / 3 = 0.67
Value = 100000 * 2 / 3 = 67000Once you determine the value of your equipment, you may want to consider giving some discounts to get the attention of buyers. Doctors and salon owners seldom have time to surf the internet to buy equipment. They go to roadshows or call up vendors. If you want to sell the equipment yourself, you should post on social websites like Facebook or advertise on free boards like Locanto, Craiglist, eBay or Carousel.
