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It may sound obvious, but one of the most important responsibilities for any seller is to ensure that they are actually entitled to sell the item of machinery.
If you have outstanding finance on a machine or piece of equipment, it will need to be settled before you can be paid.
Remember, though, that this does not apply to personal loans, as they are not secured on the machine or piece of equipment.
You should describe the machine or piece of equipment truthfully and fairly as possible. This should reduce the risk of future disputes and any claims that you have misrepresented what you are selling you must not be misleading and you must answer questions truthfully.
Top Tips
Be sure you are entitled to sell the item
Clear any outstanding finance before you sell
Always be truthful and fair
What are your responsibilities when selling machinery or equipment?
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